Yankees, Michael Pineda avoid arbitration with one-year, $2.1M deal

(Mike Stobe/Getty)
(Mike Stobe/Getty)

7:06pm: The Yankees have announced the one-year contract. It’s non-guaranteed, which is standard for pre-arbitration and arbitration-eligible players.

4:44pm: According to Chad Jennings, the Yankees and Michael Pineda have agreed to a one-year contract worth $2.1M, avoiding arbitration. That exactly matched MLBTR’s projection. Nathan Eovaldi (projected $3.1M) and David Carpenter ($1.1M) are the team’s only unsigned arbitration-eligible players.

Pineda, 25, has only made 13 starts during his three years with the Yankees, all last season, but he accrued a bunch of service time while on the disabled list from 2012-13. This was Pineda’s first arbitration year. He isn’t scheduled to qualify for free agency until after the 2017 season.

In those 13 starts last year, Pineda had a 1.89 ERA (2.71 FIP) in 76.1 innings. Shoulder trouble sidelined him for a big chunk of the season, but he was dominant when healthy. The Yankees and all their fans want to see more of that Big Mike going forward. He was awesome.

In addition to Pineda, the Yankees have already signed Ivan Nova ($3.3M) and Esmil Rogers ($1.48M) as well. Today is the deadline for teams and eligible players to exchange salary figures, but the Yankees have historically signed all of their guys before then. Eovaldi and Carpenter will likely get have deals in place today too.

Yankees officially sign Stephen Drew, designate Eury Perez for assignment

Oh Eury. (Jim Rogash/Getty)
Oh Eury. (Jim Rogash/Getty)

After ten days of waiting, the Yankees have officially signed Stephen Drew to a one-year contract, the team announced. He will reportedly earn $5M with $1.5M in incentives based on plate appearances. As expected, Eury Perez was designated for assignment to clear a 40-man roster spot.

Perez, 24, was claimed off waivers from the Nationals in September. He went 2-for-10 with a stolen base and three strikeouts for New York late last season and actually started two games in center field in the final series against the Red Sox, after the Yankees were eliminated from postseason and Jacoby Ellsbury was nursing an ankle injury.

At best, Perez was fourth on the center field depth chart behind Ellsbury, Brett Gardner, and Chris Young. He’s a classic speed and defense type who figured to serve as the up-and-down extra outfielder in 2015. Ramon Flores or even Jose Pirela is in line to be that guy now.

Yankees sign Ivan Nova to one-year, $3.3M contract, avoiding arbitration

(Rich Schultz/Getty)
(Rich Schultz/Getty)

The Yankees have signed Ivan Nova to a non-guaranteed one-year contract, avoiding arbitration, the team announced. Non-guaranteed contracts are standard for arbitration-eligible players. Joel Sherman hears Nova will earn $3.3M this coming the season, the same as last year. MLBTR projected a $3.3M salary as well.

Nova, who turned 28 on Monday, didn’t receive a raise this offseason because he only made four starts last year before undergoing Tommy John surgery. Those four starts were really bad too — he had a 8.27 ERA (6.91 FIP) with 40 base-runners allowed in 20.2 innings. Nova had his elbow rebuilt in late-April and isn’t expected to return until May or June of this coming season.

Friday is the deadline for teams and players to submit salary figures for arbitration, but the Yankees rarely let it get that far. They tend to sign their players before figures are exchanged. With Nova and Esmil Rogers both signed, the team’s only remaining arbitration-eligible players are Nathan Eovaldi (projected for $3.1M), Michael Pineda ($2.1M), and David Carpenter ($1.1M).

Yankees acquire reliever Chris Martin from Rockies

(Presswire)
(Presswire)

1:35pm: The Yankees have announced the trade. It’s Martin for cash considerations, as reported. Gonzalez German has been designated for assignment to clear a 40-man roster spot.

12:30pm: The Yankees have acquired right-handed reliever Chris Martin from the Rockies for cash, according to Jack Curry. Colorado designated Martin for assignment last week when they needed roster space after signing Nick Hundley. The Yankees have not announced the trade and will need to a clear a 40-man roster spot.

Martin, 28, made his MLB debut with the Rockies last season, allowing 12 runs on 22 hits and four walks (and two balks!) in 15.2 innings. He struck out 14. Martin spent most of the year in Triple-A, where he had a 4.39 ERA (3.21 FIP) in 26.2 innings with good strikeout (12.15 K/9 and 29.9 K%) and walk (3.04 BB/9 and 7.4 BB%) rates.

The Rockies originally acquired Martin from the Red Sox in the trade that sent Jonathan Herrera to Boston last winter. Boston signed him out of an independent league in 2011. Here’s a scouting report from Sox Prospects:

Throws from a 3/4 arm slot. Easy, balanced delivery with the ball loosely coming out of his hand. Fastball sits 93-95 mph. Creates sink by throwing downhill … Also features a solid-average 84-86 mph slider. At its best the pitch shows depth and bite, but he’s inconsistent with the offering and at times it rolls to the plate, allowing batters to get a piece of it. It generates swings and misses when its on. Also mixes in a below-average 83-84 mph changeup.

Martin is a tall drink of water — he’s listed at 6-foot-8 and 215 lbs. — so I guess it’s no surprise the Yankees pounced. They love their tall pitchers. Martin is just another bullpen depth arm who figures to head to Triple-A Scranton when the season begins. Small move designed to slightly upgrade literally the 40th spot on the 40-man roster.

Yankees sign Stephen Drew

(Alex Goodlett/Getty)
(Alex Goodlett/Getty)

Wednesday, 10:28am ET by Mike: Drew will receive $500,000 for his 450th, 500th, and 550th plate appearances, according to Buster Olney. So the only way Drew will come close to reaching the $1.5M in incentives is if he actually plays well enough to stay in the lineup regularly.

Tuesday, 9:41pm ET by Joe: The Yankees have signed Stephen Drew to a one-year, $5 million deal, reports Jon Heyman of CBS News. Incentives could increase the deal to $6 or $7 million.

It was but a few hours ago that Drew’s name last appeared on this site, citing a Heyman report that the Yankees were “peeking” at Drew as an option for second base. It now appears he’ll start there, barring a horrible Spring Training or injury.

It might appear signing Drew blocks Rob Refsnyder, but that’s simply not the case. If Refsnyder forces the issue, it will be hard for the Yankees to hold him back for the sake of Drew. The $5 million Drew earns accounts for about 2 percent of the payroll. He’s not a make-or-break player. He’s a guy who has performed well in the past — a 95 career OPS+ and 111 in 2013, both of which are pretty nice for a middle infielder this day in age — who gives the Yankees some depth.

If Refsnyder wows everyone in Spring Training, they’ll find a spot for him. It might not be on the Opening Day roster, but if he’s hitting (and improves his defense at 2B) they’re not just going to let him toil all season in AAA if he can outperform Drew or even Didi Gregorius.

Which brings up another point: Drew also provides some shortstop depth. If Gregorius flops, Drew can slide in. That opens a spot for Refsnyder. He could also cover Gregorius against left-handed pitching — he has a .668 career OPS against lefties, which is nothing great but at the same time much better than Gregorius.

Most importantly, if Drew is bad the Yankees will replace him. It might take a while, given how long it took them to cut ties with Alfonso Soriano and Brian Roberts last season. Hopefully they’ve learned from that and will take a more Randy Winn-like approach if Drew’s performance resembles that of Winn in 2010. The deal is for just one year, so it’s not as though he’s blocking Refsnyder for three or four seasons.

The 40-man roster is currently full, so the Yankees will have to make a move before making the Drew signing official. My bet is that they DFA Brendan Ryan and go with Jose Pirela as the utility guy.

Sherman: Yankees re-sign Slade Heathcott to minor league contract

(MiLB.com)
(MiLB.com)

According to Joel Sherman, the Yankees have re-signed Slade Heathcott to a minor league contract with an invitation to Spring Training. The team non-tendered Heathcott back in November, allowing him to come off the 40-man roster without passing through waivers. They did the same with Jose Campos, who also re-signed.

Heathcott, 24, played only nine games last season due to a pair of knee surgeries — his season started late following offseason surgery and ended early due to another procedure in June. The invitation to big league Spring Training is an indication Heathcott either is healthy now or expected to be ready to play by time camp opens.

In parts of six minor league seasons since being the 29th overall pick in the 2009 draft — the compensation pick the Yankees received for failing to sign Gerrit Cole in 2008 — Heathcott has hit .268/.346/.404 in only 309 career games. He’s had lots of shoulder and knee problems, including multiples surgery on each.

Assuming he’s healthy to start the regular season, Heathcott could head to Triple-A Scranton after playing 112 games with Double-A Trenton from 2013-14. A return to the Thunder is always possible, as is starting down in High-A Tampa to shake off the rust. We’ll have to see how the upper level outfields shake out. Lots of candidates.

Yankees trade Manny Banuelos to Braves for David Carpenter and Chasen Shreve

Last time for this photo. (AP Photo/Kathy Willens)
Using this photo for the last time. Sad day. (AP Photo/Kathy Willens)

7:37pm: It’s a done deal, both teams have officially announced the trade. Banuelos for Carpenter and Shreve, as reported. So long, Manny.

5:38pm: After spending parts of seven seasons in the farm system, Manny Banuelos will not make his MLB debut with the Yankees. New York has traded the southpaw to the Braves for righty reliever David Carpenter and lefty reliever Chasen Shreve, according to Jack Curry. The 40-man roster is now full. Neither team has announced the trade yet.

The 23-year-old Banuelos was once the organization’s top prospect, but he missed most of 2012 and all of 2013 with elbow injuries, including Tommy John surgery. He had a 4.11 ERA (4.66 FIP) in 76.2 innings at three minor league levels in 2014 as he worked his way back from elbow construction. Banuelos’ stock has definitely fallen the last few years, enough that the Yankees — who know more about him than anyone — would rather have two relievers.

Carpenter, 29, had a 3.54 ERA (2.94 FIP) with excellent strikeout (9.89 K/9 and 25.9 K%) and walk (2.36 BB/9 and 6.2 BB%) rates in 61 innings this past season. His ground ball rate (37.6%) isn’t anything special and hasn’t been his entire career. Carpenter was better in 2013 (1.78 ERA) despite nearly identical peripherals (2.83 FIP). He’s a classic mid-90s fastball/mid-80s slider guy.

As Joel Sherman notes, Carpenter received a strong recommendation from Brian McCann, who was his catcher with the Braves in 2013. Hopefully Carpenter flat out dominates with New York and makes a name for himself, because right now his most memorable moment as a big leaguer ain’t so memorable for the Braves:

(Note: I embedded the video only because I love Juan Uribe. One of my favorite players in MLB. I’m not trying to dump on Carpenter.)

The 24-year-old Shreve was drafted in 2010 and has been a pure reliever throughout his career. He reached MLB for the first time in 2014, allowing one run (0.73 ERA) with 15 strikeouts and three walks (1.43 FIP) in 12.1 innings. Shreve was effective against both lefties (.714 OPS and 2.61 FIP) and righties (.680 OPS and 2.98 FIP) in the minors the last four years, so he might not necessarily be a specialist. He’s a low-90s fastball/low-80s slider guy.

Shreve. (Presswire)
Shreve. (Presswire)

Carpenter is out of minor league options, so he’ll stick with the big league team and presumably step into Shawn Kelley’s old setup role. MLBTR projects him to earn $1.1M through arbitration in 2015. Shreve has two options remaining and will join Justin Wilson and Jacob Lindgren as lefty bullpen options behind Andrew Miller. Carpenter and Shreve have three and six years of team control left, respectively. Banuelos has one option year and six years of team control remaining.

In a nutshell, the Yankees prefer Carpenter and Shreve to Kelley and Banuelos, with Johnny Barbato serving as a wildcard. At this point only Carpenter, Miller, Dellin Betances, and Adam Warren are locks for the 2015 bullpen, though I think both Wilson and Esmil Rogers have a leg up o a bullpen job as well. Shreve, Lindgren, Jose Ramirez, Branden Pinder, Danny Burawa, Gonzalez Germen, Jose DePaula, Bryan Mitchell, and Chase Whitley are other candidates. That’s a lot of arms.

In the grand scheme of things, the Yankees added a setup reliever and replaced one potential up-and-down lefty with another. I’m bummed Banuelos is gone but that’s the way it goes. Pitching prospects will break your heart. Obviously the Yankees felt they were better off using Banuelos as a chip to improve the bullpen now rather than holding onto him and hoping for a rebound next year before he has to stick in MLB for good in 2016. Bottom line, the Yankees clearly believe Banuelos is no longer the guy he was from 2008-12, before the injuries.