Yankees re-sign Chase Headley to four-year deal

(Presswire)
(Presswire)

4:57pm: Sherman says the contract does not include any no-trade protection. Headley will receive a $1M assignment bonus if he is traded during the life of the contract, however.

1:54pm: The Yankees have officially announced the signing, so it’s a done deal. Here are the (very favorable) ZiPS projections for the contract, if you’re into that sort of thing. Steve Adams says it’s a four-year deal worth $52M guaranteed, plus Headley can earn an additional $1M each season when he reaches 550 plate appearances, so the contract can max out at $56M. As with the Gregorius trade and Andrew Miller signing, the Yankees went from rumor to agreement to press release in less than four hours. They run a pretty tight ship in the Bronx. Not many leaks at all.

10:53am: After doing not much of anything at the Winter Meetings last week, the Yankees handled one of their most important remaining pieces of offseason business on Monday by filling out the infield. The club has agreed to re-sign Chase Headley to a four-year contract worth approximately $51M to $52M. There are no option years and the deal is still pending a physical. Ken Rosenthal, Jon Heyman, and Joel Sherman all had a hand in breaking the news.

A few weeks ago we heard Headley had a four-year offer worth $65M in hand from an unknown team (rumored to be the Astros), and Jack Curry says Yankees officials do believe that offer was legitimate. If true, Headley took a whole lot less money to return to New York. The Yankees, for what it’s worth, initially said they wouldn’t give Headley four years until caving last week and saying they would do it as long as the contract came with a lower annual salary.

Headley, 30, hit .262/.371/.398 (121 wRC+) with six homers in 58 games with the Yankees after being acquired at the trade deadline this past season. He hit .243/.328/.372 (103 wRC+) with 13 homers in 135 games overall between New York and San Diego in 2014. That came with his usual standout defense at the hot corner as well. That’s where he’ll have his biggest impact, in the field. All you need to know about Headley — including his often overstated history of back problems — is in our Scouting The Market post.

After the season, Headley reportedly told friends he enjoyed playing in New York more than he thought he would, and that he would consider returning as long as he was an everyday player. “I know they have a player under contract,” he said after the season, referring to Alex Rodriguez. “We’ll see how that shakes out. We’ll see what my role would look like … I want to be a guy that plays. At what position? Obviously, third base I think is my strongest position. I don’t want to be a part-time guy.”

With Headley on board, the Yankees figure to play Martin Prado at second base and use A-Rod as the primary DH. It also means Carlos Beltran will see most of his action in right field. At least as long as he and Alex are both healthy at the same time, anyway. Rob Refsnyder will presumably return to Triple-A and wait until injury strikes. When that happens (inevitable), Prado can move around to fill in and Refsnyder can take over at second. Jose Pirela still has a clear path to a bench job.

Although Headley will probably never get back to being the hitter he was in 2012 (31 homers and a 145 wRC+), he’s still no worse than a league average hitter and a well above average defender, making him a huge upgrade at third based compared to whom the Yankees have been running out there the last two or three years. With Didi Gregorius recently acquired to play short, the Yankees now have an average or better defender at all four infield positions. The ground ball heavy pitching staff will appreciate that.

Now that the lineup and position player group has been settled, the Yankees can focus on improving the pitching staff, which still needs at last two starters and maybe another reliever as well. Max Scherzer and James Shields remain unsigned but the team continues to insist they will not hand out the massive contracts it would take to sign them. They’ll scour the second and third tier pitching options, maybe hope Hiroki Kuroda returns, and go from there.

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2014 Winter Meetings Open Thread: Thursday

2014 Winter Meetings-002Thanks to the Dodgers, yesterday was by far the busiest day of the Winter Meetings. They made four trades and also agreed to a four-year contract with Brandon McCarthy, so he is no longer a pitching option for the Yankees. There are still plenty of quality pitchers left on the free agent market but they’re starting to come off the board pretty quickly, so the Bombers can’t sit around and wait much longer to act.

The Winter Meetings have been relatively quiet for the Yankees. On Monday, Tuesday, and Wednesday we learned they continue to say they won’t bid for Max Scherzer, will give Chase Headley four years in exchange for a lower annual salary, have talked to a few teams (Braves, Royals, Marlins) about bullpen help, and have some level of interest in Stephen Drew, Sergio Romo, Jason Grilli, and Rafael Soriano. Today’s the last day of the Winter Meetings and we’ll keep track of all the day’s Yankees-related rumors right here, so make sure you check back throughout the day. All timestamps are ET.

  • 4:33pm: The Yankees did contact the Diamondbacks about Wade Miley and the Tigers about Rick Porcello before they were traded to the Red Sox. “Did I call Arizona? Yes. Did I call Detroit? Yes. I didn’t have Cespedes to send to Detroit. We are waiting for something we are comfortable with.,” said Brian Cashman. [George King]
  • 2:02pm: Ervin Santana is currently finalizing a four-year, $54M deal with the Twins. The contract includes a fifth year vesting option based on innings pitched. Scratch him off the list of available pitchers. [Jeff Passan]
  • 1:56pm: It’s unlikely Chase Headley will pick a team today. Earlier this week it was reported he would likely pick a club before the end of the Winter Meetings. So we wait. [Joel Sherman]
  • 1:35pm: “There are still players in the market place who are attractive to us at the position they play,” said assistant GM Billy Eppler in the most generic Yankees quote ever. They’ve mastered the art of saying something and nothing at the same time. [Brendan Kuty]
  • 1:06pm: Brian Cashman confirmed the Yankees never did make an offer to Brandon McCarthy. “I figured the market would take him at a level that we couldn’t play on,” said the GM. [Bryan Hoch]
  • 12:53pm: A team official said the Yankees are “definitely not” chasing Max Scherzer. We’ll see. I will never truly believe the Yankees are out on a big time free agent until the player signs with another team. [Bob Klapisch]
  • 12:23pm: The Yankees are active in the trade market but are unwilling to give up their top prospects for a pitcher they would only control for one year, like Jordan Zimmermann or Johnny Cueto. [Joel Sherman]
  • 9:37am: The Yankees are “kicking the tires” on Ervin Santana. The Twins are pushing hard to sign him and are reportedly offering four years though. Santana is probably the third best available starter right now behind Scherzer and James Shields. [Chris Cotillo & Jon Heyman]
  • 9:30am: Brian Cashman confirmed the Yankees spoke to the Dodgers about Dee Gordon and the Phillies about Jimmy Rollins before they were traded yesterday. Neither conversation went very far. We heard about their interest in Rollins a few weeks ago, but the interest in Gordon is new. [Dan Barbarisi]
  • The Rule 5 Draft is at 12pm ET today and Cashman said the Yankee are unlikely to make a selection. They have three open 40-man spots but prefer to keep them open for flexibility. Lame. [Chad Jennings]

2014 Winter Meetings Open Thread: Wednesday

2014 Winter Meetings-002Aside from losing David Robertson to the White Sox, the first two days of the Winter Meetings have been rather quiet for the Yankees. Brian Cashman confirmed he did have talks with the Athletics about Jeff Samardzija before the right-hander was traded to the White Sox, but the two sides were unable to find a match. With Jon Lester finally off the board — he signed with the Cubs late last night, in case you missed it — the pitching market should soon take off.

All we learned on Monday and Tuesday was that the Yankees are willing to go four years for Chase Headley as long as the annual salary comes down. That’s really about it. They’re not in on Max Scherzer, they don’t know if Hiroki Kuroda is retiring, and they’ve spoken to a handful of clubs (Braves, Marlins, Royals) about bullpen help. Exciting times. We’ll again keep track of all the day’s Yankees-related rumors right here, so make sure you check back often. All timestamps are ET.

  • 2:37pm: Stephen Drew is much more popular this offseason than last despite his awful 2014 season, likely because he isn’t attached to draft pick compensation and will come pretty cheap. The Yankees are one of many teams with some level of interest, presumably so he could play second base. [Jon Heyman]
  • 2:33pm: Any talks between the Yankees and Sergio Romo have been limited so far. There’s interest but nothing is imminent. [Marly Rivera]
  • 2:25pm: Given the way the team’s budget is constructed at the moment, the Yankees would have to bottom feed for rotation help if they sign Chase Headley to a four-year contract. They may spend on pitching and go with Martin Prado at third and kids at second base instead. Of course, this could all be posturing. [Joel Sherman]
  • 12:56pm: The Yankees are more than just “monitoring” Sergio Romo — they have legitimate interest in signing him. Romo was off the charts good from 2010-13 but took a step back in 2014. He’s still a capable late-inning reliever. (Jerry Crasnick)
  • 11:10am: Two unidentified owners flew to the Winter Meetings in San Diego to meet with Scott Boras about Max Scherzer. I’m not saying Yankees ownership is one of them, but they do have a history of dealing with Boras directly, namely with Rafael Soriano a few years ago. [Jon Heyman]
  • 10:28am: Brandon McCarthy is seeking a four-year deal at $48M while teams are stopping at three years and $36M. The Yankees are also “monitoring” relievers like Jason Grilli, Rafael Soriano, and Sergio Romo. [George King]
  • 9:44am: Well, forget about Luke Gregerson. He just agreed to a three-year, $18.5M deal with the Astros. That’s the second biggest contract ever given to a non-closer reliever, just ahead of Jeremy Affeldt’s three-year, $18M deal with the Giants and way behind the contract the Yankees just gave Andrew Miller. [Bob Nightengale]
  • 9:30am: The Yankees are among the teams with interest in Luke Gregerson. He’s no David Robertson, but Gregerson is a damn fine high-leverage reliever who would be a big boost to New York’s bullpen. (Shi Davidi)
  • The Yankees continue to have interest in retaining Brandon McCarthy. Francisco Liriano’s three-year, $39M contract with the Pirates could be a reference point in talks. (Jack Curry)

2014 Winter Meetings Open Thread: Tuesday

2014 Winter Meetings-002The first day of the 2014 Winter Meetings came and went with some rumors but no real action, at least for the Yankees. They did lose closer David Robertson to the White Sox, but I got the sense he was a goner as soon as they added Andrew Miller last week. New York’s top priority remains rotation help, and they need multiple starters to protect against all the injury concerns currently in the rotation.

On Monday we learned the Yankees may or may not be in on Jon Lester, are still after Chase Headley, and have spoken to the Braves (Craig Kimbrel), Marlins (Steve Cishek), and Royals (Greg Holland and Wade Davis) about trading for bullpen help. That’s about it. The Yankees tend to keep things very close to the vest. We’ll again keep track of all the day’s Yankees-related rumors right here, so make sure you check back often. All timestamps are ET.

  • 9:53pm: Just in case you were holding out any hope for Jon Lester, he is currently deciding between the Red Sox and Cubs after telling the Giants they are out of the running. I suppose San Francisco could turn around and use that money for Chase Headley now. (Joel Sherman & Alex Pavlovic)
  • 6:24pm: Are the Yankees in on Max Scherzer and/or Jon Lester? “It’s not in my best interests to say,” said Brian Cashman. Boring. [Dan Barbarisi]
  • 6:21pm: Brian Cashman confirmed the Yankees never had interest in signing both David Robertson and Miller. Once they signed Miller, they said they were still on Robertson only drive up the price for others. Cashman also said he spoke to the Athletics about Jeff Samardzija, but there was no match. [Marly Rivera & Dan Barbarisi]
  • 3:25pm: The Yankees continue to insist they will not get involved in the Max Scherzer bidding. Things can always change later in the offseason, but that’s the plan right now. [Mark Feinsand]
  • 2:03pm: Team officials still don’t know if Hiroki Kuroda will play next season and it’s complicating their search for pitching. Kuroda’s three contracts with the Yankees were signed on January 26th, November 20th, and December 7th, in case you’re wondering. At some point they have to start moving forward without him. [Bob Klapisch]
  • 1:33pm: The Pirates have agreed to re-sign Francisco Liriano to a three-year, $39M deal. The Yankees were never connected to Liriano this offseason but he is a pitching option now off the market. Also, it Liriano gets three years and $39M, you have to figure Brandon McCarthy will get less than that. [Jon Heyman]
  • 11:05am: The four-year, $65M offer for Chase Headley is a mystery — no one knows where it came from. (I think his agent floated it as a way to drive up the price.) The Yankees were originally thinking about a three-year deal at $39M but would go to four years as long as the annual salary came down. [Jon Heyman]
  • 9:30am: Chase Headley will made a decision and pick a team before the end of the Winter Meetings. The Yankees and Giants are among the three or four teams bidding for him. I’m guessing Headley will wait until after Lester signs just to see exactly how much San Francisco money has to play with. [Joel Sherman]
  • Jason Grilli‘s agent confirmed he spoke to Brian Cashman earlier this offseason but declined to say whether the two would talk again during the Winter Meetings. The Yankees could definitely use another late-inning reliever now that Robertson’s gone. [Brendan Kuty]

2014 Winter Meetings Open Thread: Monday

2014 Winter Meetings-002

Baseball’s annual Winter Meetings begin today in San Diego. They technically last four days but it’s really more like three and a half — everyone leaves after the Rule 5 Draft on Thursday morning. The Yankees took care of two important pieces of offseason business on Friday by acquiring Didi Gregorius and signing Andrew Miller, but they still need more pitching and another infielder wouldn’t hurt either. They needed pitching even before trading Shane Greene to get Gregorius.

“The winter’s a long winter. So even if I felt one thing today, it doesn’t mean it’s the same thing tomorrow. I think we legitimately have to walk through and consider all avenues. Some might be more realistic than others, but there’s certain things that can impact us, and we can change our course of action that we weren’t necessarily pursuing early,” said Brian Cashman to Ken Davidoff last week. “We as an organization are open to trying to address the obvious needs. If those efforts prove naught in some cases and I can’t get anywhere with it, then we might be open to considering other aspects, to significantly improving certain areas and wait on the other areas over time to develop.”

The next four days will be the busiest of the offseason in terms of rumors and signings and trades. The Yankees will surely be involved to some degree — even if they don’t make a move this week, expected them to be connected to a lot of players. Most of the top free agent hitters are off the board but all of the top free agent pitchers remain unsigned, so it’s a good time to need pitching like the Bombers. We’re going to keep track of all the day’s Yankees-related rumors right here, so talk about all of them here and make sure you check back often. All timestamps are ET.

  • 8:53pm: There is “no real evidence” the Yankees are in on Jon Lester. If they do go big for a starter, they prefer Max Scherzer. That sure sounds like posturing, doesn’t it? [Jon Heyman]
  • 7:07pm: “Don’t count out the Yankees with Jon Lester,” said one front office person. Lester is supposedly down to the Cubs and Giants, barring a last minute change of heart. Developing! [Jerry Crasnick & Ken Rosenthal]
  • 4:26pm: The Yankees have talked to the Braves about Craig Kimbrel, the Marlins about Steve Cishek, and the Royals about both Wade Davis and Greg Holland. There’s no match with Kansas City though because they want rotation help in return. [George King]
  • 1:45pm: The Giants would likely be out on Chase Headley if the Yankees are willing to offer him $11M to $12M annually on a four-year deal. Man, getting Headley at four years and $44M or so would be awesome. [Jerry Crasnick]
  • 12:19pm: The Yankees are willing to go four years for Chase Headley and David Robertson. As with Andrew Miller, they’ll tack on the fourth year in exchange for a lower annual salary. There is “growing hope in the organization” that Headley will return. [Andrew Marchand & Buster Olney]
  • 11:10am: Jason Hammel, who the Yankees had some interest in earlier this offseason, is returning to the Cubs. It’s a two-year contract worth $18M with a club option. That’s one pitching option off the board. [Jon Heyman & Chris Cotillo]
  • 10:00am: The Yankees recently met with Chase Headley‘s representatives to reiterate their interest in re-signing him. Headley has “suggested to some” that returning to New York is his top choice. A week or two ago we heard the Yankees wouldn’t offer him more than three years and that Headley has a four-year, $64M offer in hand. [Jon Heyman]
  • The Yankees do not have interest in Padres right-handers Andrew Cashner, Ian Kennedy, and Tyson Ross. They aren’t convinced the trio is really available. Cashner and Kennedy will be free agents next offseason while Ross is under team control through 2017. [Andy Martino]
  • Before they acquired Gregorius, the Yankees called the Cubs and asked about Starlin Castro. Chicago said he wasn’t available. The Yankees made several trade offers for shortstops earlier this winter. [Jon Heyman]

Passan: Headley has four-year, $65M offer in hand

(Presswire)
(Presswire)

Free agent third baseman Chase Headley has a four-year contract offer worth $65M in hand, reports Jeff Passan. It’s unclear which team made the offer. Jon Heyman says the Marlins are very interested in Headley and “may be ready to make a significant offer.” The Yankees are reportedly reluctant to go more than three years for their incumbent third baseman.

Four years at $16.25M annually for Headley is pretty steep — I was thinking four years at $14M annually would get it done, but I always underestimate free agent contracts — but it is in line with the market when Pablo Sandoval gets $19M per year and Nelson Cruz gets $14.25M per year. David Freese is scheduled to be the best free agent third baseman next winter and 37-year-old Adrian Beltre the year after that, so it’s going to be a while until a third baseman as good as Headley is available for nothing more than money.

The Yankees do have a perfectly fine third base alternative in Martin Prado, but they could easily slot Prado in at second if they were to bring Headley back. If Headley does walk and Prado plays third, the presumption is Jose Pirela and Rob Refsnyder and whoever else would compete for the second base job in Spring Training. I’d like to see the Yankees bring back Headley. Having a Major League caliber infield would be cool. Four years is perfectly reasonable to me.

Mailbag: Lowrie/Cabrera, Zobrist, Roller, Frazier

Just a few shopkeeping items before we dive into the questions:

1. If you’re giving Yankees/baseball gear as gifts this year, You can also give a gift to RAB at the same time, free of charge. When you buy from the MLB Shop, Fanatics, or Amazon using our links at the RAB Shop we get a little cut. Same price for you, a little cash in our pockets.

Here are some deals at the MLB Shop today:

Those deals last through Sunday.

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3. Starting Monday morning we’re sending out a daily digest email. You can read more about the daily digest here. You can also sign up there, or you can just enter your email address into the field above.

And now, onto the questions.

Ben Zobrist
(CHRIS O’MEARA/AP)

Mark L. asks: Do you see signing two of Lowrie / Drew / Cabrera to mix and match with Prado as a cost-effective alternative to big bucks Headley?

No, I cannot see that. It seems increasingly probable that some team offers Chase Headley a four-year deal. Since the Yankees are willing to give only three, they’ll have to find help elsewhere.

Would it cost them less to sign Lowrie or Cabrera? Maybe a little, but maybe not. If Headley signs elsewhere I think they allocate that money to other positions and use Refsnyder or Pirela at second with Prado at third.

JR asks: With the Rays appearing to be in rebuilding mode, What would the cost be to get Zobrist be?

I’m not sure the Rays are in complete rebuild mode. Maybe they’re not looking for win-right-now pieces, but they’re not doing some three-year project. That said, Ben Zobrist has just one year left on his contract, for a super reasonable $7.5 million (well, $7.75 really, because he gets $.25 million if traded).

It’s hard to find a reasonable value here, though. How much is one year of Zobrist worth to you? I’m guessing the Rays want something like Greg Bird and a pitcher, and I don’t think I’d go that far. Not where the Yankees stand right now.

If they’re on the brink of greatness — if they have three guys with power who you can count on in addition to the table setters, and a great pitching staff — then maybe I consider mortgaging a decent prospect for one year of a player as versatile as Zobrist. But right now? The roster is too weak right now to make a move like that.

Hmmm asks: Would it be in the Yankees best interest, for the overall future of the team, if they do not sign anyone to over a 4 or 5 year contract until they are a legitimate contender to win? I understand that those contracts can help them become a contender, but I feel like if they don’t have the young talent that will make them perennial contenders that those contracts will just prove to be a waste.

I don’t understand this mentality at all. What does young talent have to do with being perennial contenders? Look at the 1996 Yankees. They had one starting pitcher under 30, and a lineup of mostly imported veterans. That’s not to say that the 2015 Yankees have a Jeter or a Bernie, but the idea that young talent creates perennial winners is a bit off.

You can only work with the players available to you, whether that’s on the roster or available to you in trade or free agency. Cutting yourself off from that talent because of years in a reasonable range is silly. Avoiding 10-year deals? Sure, that’s something you might want to avoid in general. But 4-5 years deals are pretty standard.

nycsportzfan asks: Why did the Yanks not protect Kyle Roller?

Roller did rake last season, mostly in AAA, so it seems as though he’s knocking on the door. That said, he turns 27 before the season starts, so it’s not as though he’s some prime prospect that they just didn’t protect.

There’s a lot going on with Rule 5 protection. You have to take into account the roster implications. A few years ago Brian Cashman said something about sometimes the best way to protect a player is to not add him to the 40-man roster. Wish I could find the exact quote. His point was that because of roster crunch issues, sometimes you protect guys and later have to make some tough DFA choices.

Say you protect someone on the fringe, but have to DFA him in June for some roster crunch reason. A team might not have taken him in the Rule 5, because they didn’t see a way to keep him on the MLB roster all year. But on waivers he doesn’t have that restriction. You can stash him in the minors for a few years. So a team that wouldn’t have made a Rule 5 pick might jump in with a waiver claim.

The Yanks have plenty of needs this off-season, and they’ll need roster spots. They can’t afford to have one of those spots taken up by a 27-year-old first baseman. Also, Roller didn’t even make this enormous list of Rule 5 possibilities.

Elfi asks: Why would the Yankees sign Headley for 3B when they have a solid and capable player in Prado who could do it? Prado I’m sure can at least match Headley’s numbers. This would pave the way for Refsnyder to be the 2B and of course A-Rod at DH

It’s all about depth. If you go into the season with Prado at 3B, you’re stuck with the rookies as your first option at 2B. If they fail, then what? By creating some depth, they can react to injuries and failures. If Prado gets hurt, Pierla or Refsnyder steps in. If they fail as a depth option, that’s one thing. But to rely on them, and have no real backup option, would hurt quite a lot.

Chris R. asks: Doesn’t a run at Todd Frazier make a ton of sense? 28 year old that can play 1st & 3rd. Entering his arb years so he will start to cost Cincy some money now.

Cincinnati is in a tough spot right now, with the poor season they had combined with a number of their pitchers hitting free agency after 2015. They’re locked into a couple of huge contracts, so they could seem inflexible at this point.

That said, he’s one of their only weapons on offense. Unless they go into rebuild mode — and I’m talking trade-Votto rebuild mode — I can’t see them entertaining offers for Frazier.

That said, a Jersey-raised kid who went to Rutgers and walks up to “Fly Me to the Moon” Frazier sounds like a Yankee to me.

Lightning Round

Kenny asks: With the Yankees looking for a new shortstop, do you think Ruben Tejada is on their radar?

The Mets also need a shortstop, so that should answer the question right there.

Daniel asks: Assuming no major changes to the current rotation, who would be the opening day starter?

Have to imagine that’s CC’s job for at least one more season, if he’s healthy.

Matt asks: The Rays are reportedly listening on offers for Yunel Escobar, should the Yankees be interested?

He doesn’t seem like the Yanks kind of player. The Braves traded him for peanuts because they couldn’t stand his attitude. Plus, he’s not a very good SS, even if he can hit a little.

Dustin asks: Dave Martinez for 1B coach or hitting coach?

He’s as good a candidate as any. I have a feeling that the Yankees are more interested in Rays hitting coach Derek Shelton, though. But maybe they bring in both, given that they have two coaching openings.