Via Joel Sherman: The Yankees have avoided arbitration with Ivan Nova by agreeing to a one-year deal worth $3.3M. Matt Swartz projected him to earn $2.8M in 2014. Nova pitched to a 3.10 ERA (3.47 FIP) in 139.1 innings last year while missing time with a biceps issue.
As expected, the Yankees’ five eligible players all filed for salary arbitration prior to today’s deadline. Those five players, with their projected 2014 salaries courtesy of Matt Swartz, are David Robertson ($5.5M), Brett Gardner ($4M), Ivan Nova ($2.8M), Shawn Kelley ($1.5M), and Frankie Cervelli ($1M). The players’ union expects Gardner’s salary to be “considerably higher” than projected.
Filing for arbitration is just a procedural move. Had these guys not filed today, the Yankees would have been able to pay them whatever they wanted this coming season, as long as it was at least 80% of last year’s salary. The two sides have to exchange figures by Friday, meaning the team says what they want to pay while the player says what he wants. Arbitration hearings will be held next month and the Yankees have not been to one since beating Chien-Ming Wang prior to the 2008 season. The two sides can work out a contract of any size right up to the hearing.
The Yankees came into the offseason needing at least two starting pitchers and so far they’ve added just one, re-signing Hiroki Kuroda to a one-year contract. He was the team’s best pitcher in each of the last two seasons and makes perfect sense on a one-year deal, but he is also the second oldest starter in the AL behind R.A. Dickey. Age brings a bevy of concerns.
Chief among those concerns is injury … well, both injury and recovery time. Older players tend to take longer to heal, that’s just the way the human body works. The Yankees have had a lot of health problems in recent years (both injuries and setbacks) thanks in part to their older roster. They’ve made their bed and have had to sleep in it when it comes to players getting hurt, and given their moves this winter, they’re content with rolling the dice again in 2014.
Last week, Jeff Zimmerman at FanGraphs published his annual starting pitcher DL projections, which have been shockingly accurate over the years. It’s not a specific injury projection (so and so will have a shoulder problem, etc.), just a projection of who will visit the DL next season based on their age and workload, as well as other factors like breaking ball usage and strike-throwing ability. It’s complicated, so click the link for the full explanation.
The Yankees only have three starters locked into spots next season: CC Sabathia, Ivan Nova, and Kuroda. A bunch of young kids will compete for the fifth spot and that fourth spot figures to go to a pitcher to be acquired later. Not only are Sabathia (career-worst year in 2013), Kuroda (crashed hard late in 2013), and Nova (erratic has hell) performance concerns heading into next season, but they’re also DL risks according to Zimmerman’s data.
Sabathia: 47% chance of landing on DL
It wasn’t too long ago that Sabathia was baseball’s preeminent workhorse, and in some ways he still is — he is one of four pitchers to throw at least 200 innings in each of the last seven seasons (Justin Verlander, Mark Buehrle, and James Shields are the others). Over the last 26 months, however, CC has dealt with a torn knee menisicus, a groin strain, elbow stiffness, a bone spur in his elbow, and a hamstring strain. He has finished each of the last three seasons either injured or in need of offseason surgery. Sabathia is getting up there in years and he’s thrown a frickin’ ton of innings in his career, and he compounds the problem by not telling anyone he’s banged up until it gets really bad (he pitched through the knee, elbow, and hamstring problems). It’s no surprise his risk of landing on the DL is so high, 16th highest among the 128 projected pitchers.
Kuroda: 43% chance of landing on DL
Kuroda has avoided the DL since arriving in New York but he has dealt with fatigue late in each of the last two seasons, so much so that he stopped throwing his usual between-starts bullpen session in September. He had a shoulder problem in 2008, an oblique problem in 2009, and a concussion (hit by a line drive) in 2010. Kuroda has topped 195 innings in each of the last four seasons and 180 innings in five of his six seasons in MLB. His DL projection is the 34th highest thanks mostly to his age.
Nova: 41% chance of landing on DL
Coming up through the minors, Nova was a workhorse who rarely missed a start. He has been hurt in each of the last three seasons though, missing time with a forearm strain (2011), shoulder tightness (2012), and triceps inflammation (2013). That’s three arm-related injuries in the last three years, albeit minor non-structural injuries that shelved him no more than a few weeks at a time. Nova has youth on his side, but his DL projection is still the 45th highest out of the 128 projected pitchers.
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Now, obviously, every pitcher is an injury risk. It comes with the territory. Some are riskier than others for a variety of reasons. The pitcher most likely to land on the DL next season according to Zimmerman is Bartolo Colon (64%), which makes sense given his age, injury history, and general portliness. He’s the only active pitcher over 60% (retired Andy Pettitte is at 63%). The pitcher least at risk is Madison Bumgarner (26%). The top free agent hurlers rank anywhere from not that risky (Ervin Santana, 34%) to moderately risky (Ubaldo Jimenez, 38%) to very risky (Matt Garza, 51%).
As for the Yankees, they have three of the 45 starters most at risk of visiting the DL next season, and that’s on top of their performance concerns. The team does have some nice back-end depth in David Phelps, Adam Warren, Michael Pineda, and Vidal Nuno, but three of those four guys spent at least a few months on the DL this past season themselves. Only Warren made it through the entire year healthy. The Bombers not only need to add a starter, they need to add a durable innings guy they can count on to take the ball every fifth day.
By Winter Meetings standards, Monday was pretty slow. Most of the top free agents have signed already, and until we get some resolution regarding Masahiro Tanaka, the pitching market will remain relatively quiet. The Yankees are still looking for a starter even after re-signing Hiroki Kuroda, plus they need some bullpen help and either a second or third baseman. Oh, and general depth. That’s always necessary.
Here are yesterday’s Yankees-related rumors. The most notable thing we learned is that New York’s asking price for Brett Gardner is “through (the) roof” while rival executives think he’ll fetch a number three starter at best. His value is greater to the Yankees than it is anyone else, really. We’ll keep track of the day’s rumors right here, so make sure you check back often. All times at ET.
- 9:18am: The Yankees want to import two relievers and they’ve been discussing Joaquin Benoit internally. Matt looked at him earlier today. [Bob Nightengale]
- 5:46pm: The Yankees have not yet shown much interest in left-hander Paul Maholm as a back of the rotation stopgap. [McCullough]
- 5:39pm: Unsurprisingly, Ichiro has a “limited trade market, maybe very limited.” The Yankees want to move him and keep Gardner. [Heyman]
- 3:00pm: The Yankees are one of three teams to inquire about Dustin Ackley. He’s a buy-low second base candidate. Like the idea but not sure how salvageable he is. [Jon Heyman]
- 2:08pm: “Signing one might be easier than trading for one,” said Cashman, referring to the market for starting pitchers. Not surprising given the team’s trade chips. [Chad Jennings]
- 1:57pm: Cashman confirmed other teams have inquired about Gary Sanchez, J.R. Murphy, and Ivan Nova in addition to Gardner and others. [Andy McCullough]
- 1:49pm: “I have thrown a lot of trade proposals out there, as well as conversations with free agents,” said Cashman while adding he’s unsure if these talks will actually lead to anything. [Barbarisi]
- 1:38pm: The Yankees have not had any trade talks about their spare outfielders (i.e. Gardner and Ichiro Suzuki) with the Giants. [John Shea]
- 1:28pm: Brian Cashman called Kevin Youkilis’ agent to gauge his interest in returning, but Youkilis wants to play closer to his home in California. Funny, I want him to do that too. [Jack Curry]
- 12:17pm: The Yankees do have interest in re-signing Mark Reynolds. Alfonso Soriano is the team’s only right-handed power hitter, so Reynolds would fit in a limited role. [David Waldstein]
- 11:52am: The Yankees and others have interest in Danny Espinosa, but the Nationals are balking at moving him right now. I looked at him as a buy-low target back in August. [Ken Rosenthal]
- 11:45am: There is nothing going on between the Yankees and Mets about Daniel Murphy at the moment. I looked at him as a potential trade target last month. [Andrew Marchand]
- 8:24am: The Yankees are “very much interested” in Michael Young and have also checked in on Juan Uribe, Eric Chavez, Matt Garza, and Ubaldo Jimenez. Talks with Garza and Ubaldo are not serious. [Erik Boland & Steven Marcus]
- The Yankees did contact the Reds about Homer Bailey. It’s unclear what they were offering or what Cincinnati was seeking in return. Gardner makes an awful lot of sense here. Two underrated players both one year away from free agency and the Reds needs a leadoff man/center fielder. [Dan Barbarisi]
- Other clubs do not think highly of New York’s outfield prospects and that limits their ability to make trades. “The Yankees have no upper-level talent,” said a Cubs official after the Yankees asked about Jeff Samardzija. [Joel Sherman]
Reminder: Your trade proposal sucks.
Early in the 2013 season, it appeared that Ivan Nova would fall into the What Went Wrong category. Through his first three starts he allowed 10 runs in 14.2 IP and hadn’t recorded as much as a single out in the sixth inning. In the third inning of his fourth start, he exited with what appeared to be an elbow injury about fifteen seconds after trainer Steve Donohue came to check on him. His season had disaster written all over it.
Given how many young pitchers undergo the procedure every year, it would have surprised few if Nova required Tommy John surgery. Thankfully, that turned out not to be the case. The Yankees quickly assured us it was a triceps injury, abating some of the fear. About a month later he was back on the roster, pitching out of the bullpen. Apparently, something clicked for him between the injury and the return.
Able to air it out in shorter appearances, Nova let loose with fastballs that, for the only time in his career, consistently exceeded 95 mph. Even more impressive was how he kept the velocity up for a five-inning relief appearance against the Mets, allowing just one run while striking out six. Unfortunately, due to the returns of Mark Teixeira and Kevin Youkilis, the Yankees had to option Nova. It seemed like poor timing for the move, given his resurgence.
Nova didn’t let the demotion get him down, and his persistence paid off. After about two weeks in the minors he got the call again to make a spot start against the Rays. It went well enough, as did his follow-up appearance, a 5.2-inning mop-up job against the Orioles. That earned him a spot in the rotation, wherein he produced one of the best second halves in the majors.
In 87.1 post-ASB innings Nova produced a 2.78 ERA, seventh best in the American League and good enough to bring his season-long ERA down to 3.10. His velocity had dipped back to normal levels, and actually took a further hit in his final four starts. And his peripherals looked a lot like his career numbers. So we must ask the question, was Nova actually good or did he merely get lucky?
Part of the answer is that Nova’s second half peripherals are a bit deceiving, in that they’re arbitrary end points. If you look at his peripherals from the time of his return from the DL, a bit less arbitrary in nature, his peripherals look a bit better. Then there’s the issue of peripherals not being a true measure of a pitcher’s ability. Some pitchers are better at inducing poor contact, meaning they’ll out-perform their peripherals. Other issues play roles, including focus and recovery.
All of that is a long way of saying that it’s incredibly difficult to judge whether a pitcher is lucky or good based on a single season, never mind a portion of a season. Add in Nova’s inconsistent performances for the last few years, and he becomes even more of a mystery. We’ve seen him pitch like one of the best in the league, and we’ve seen him pitch like a guy who will scramble for minor league deals in his late 20s. How could we possibly know which Nova pitches for the Yankees in 2014?
We can leave that speculation for another time, when we’re bored in January and February. For now we can reflect on Nova’s 2013 and how his resurgence helped make the season enjoyable for that much longer. The pitching staff, considered a strength before the season, broke down as CC Sabathia and Phil Hughes got knocked around start after start. Nova stepped up mid-season and gave the Yankees quality innings every fifth day. Without him, they wouldn’t have remained in contention for as long as they had, and they could have been staring down their first losing season since 1992.
Instead Nova did answer the challenge, not only salvaging some respectability in 2013, but giving the team hope for 2014 and beyond. In a season when so many things went wrong, Nova was one of the bright spots.
The offseason has yet to really get underway, but there has already been talk of the Yankees going on a big spending spree to address their many needs this winter. I’m not sure where that money is coming from after putting together my most recent payroll breakdown, but that’s besides the point. New York has been connected to a ton of free agents so far, both big names like Brian McCann and Shin-Soo Choo and secondary players like Eric Chavez and Omar Infante. Needless to say, they’re getting around.
Free agency is the easiest way to address needs but it’s not the only way. The Yankees could also explore the trade market, a trade market that will reportedly feature high-end starters like Max Scherzer and David Price, young middle infielders like Jurickson Profar and Elvis Andrus, and pretty much everything in between. The trade market is like free agency — there’s a solution for every roster problem available if you’re willing to meet the asking price.
Therein lies the rub: the Yankees can’t meet too many asking prices these days. Not won’t meet asking prices, can’t. They don’t have many tradeable commodities either on the big league roster or in the farm system, and last winter’s Justin Upton trade talks showed how that can handicap them. The Diamondbacks reportedly did not like the prospects New York had to offer, so the young, power-hitting outfielder signing to a reasonable contract went to the Braves instead.
“I just don’t see it,” said one rival executive to Andy McCullough when asked whether the Yankees had the prospect inventory to swing a major trade this offseason. “I’m not excited about any of them making an impact next year,” added another evaluator while discussing the team’s top prospects while describing them as “solid guys, but not stars.”
The Yankees do have limited trade commodities right now but they aren’t completely devoid of marketable players. Some are just more marketable than others, or, as Brian Cashman likes to say, no one is unavailable but some are more available that others. Here’s a highly subjective rundown of New York’s best trade chips. Remember, at the end of the day, a player’s trade value is only as great as the other team’s evaluation of him.
Best Chip: Ivan Nova
In my opinion, Nova is the team’s best trade chip at this point in time. He turns 27 in January and has shown flashes of brilliance over the last three years. Ivan has not yet put together a full, productive season from start to finish, but he’s had stretches that make you think he could be very good if things ever completely click. It’s also worth noting Nova has thrown at least 150 innings every year since 2010 and at least 130 innings every year since 2008. Teams do value the ability to take the ball every fifth day.
Nova’s trade value is not as great as it was a year or two ago because he’s entering his arbitration years and is no longer dirt cheap, like league minimum dirt cheap. His projected $2.8M salary in 2014 is still a relative bargain, but trading for a guy owed $15M or so over the next three years isn’t as desirable as trading for the same guy when he is owed $16M or so over five years. This isn’t Nova’s fault obviously and getting three cheap years of a durable right-hander is still pretty awesome, but his years of team control are ticking away and he’s yet to really establish himself as … anything. He’s still a question mark.
Rentals: Brett Gardner and David Robertson
Both Gardner and Robertson are due to become free agents next winter, meaning they’re just rental players. Both will earn reasonable salaries next year — Gardner is projected for $4M, Robertson for $5.5M — and they both have their limitations on the field. Gardner is a defense-first outfielder who doesn’t hit for power and doesn’t steal as many bases as people think he can. Robertson is a late-inning reliever, meaning you’re only get 65 or so innings out of him. He’s a very good late-inning reliever of course, but one year of a reliever usually doesn’t fetch a huge package in return. The Yankees could flip these two for solid prospects or a similar rental player, but they’re not going to get that elite prospect or young big leaguer with several years of control remaining.
Warm Bodies: David Phelps and Adam Warren (maybe Vidal Nuno)
There will always be a market for cheap and young pitching. Phelps and Warren have four and five years of team control remaining, respectively, and they’ve had varying levels of success in the show. They’re far from established but have shown they belong in some capacity, either as back-end starters or relievers. Nuno has six full years of control left but is basically a complete unknown at the big league level. He is as close to ready as a pitcher can get, however. Every team needs cheap young arms to fill out a staff, but these guys are okay second and good third pieces in a significant trade, not centerpieces. Far from it.
Prospects: Gary Sanchez, Slade Heathcott, J.R. Murphy and Rafael DePaula
Baseball has become a young player’s game these last five or six years or so, but I think we’ve reached the point where prospects and (especially) draft picks are being overvalued. Don’t get me wrong, they’re important and you need them to succeed, but they’re being valued higher than established big leaguers and that isn’t always the case. Not even close.
Anyway, Sanchez and Murphy are probably the Yankees’ two best prospect trade chips because a) Sanchez is their very best prospect, and b) Murphy is a big league ready-ish catcher. Quality young catchers are very hard to find and teams have consistently shown they will overpay — either in trades or by reaching in the draft — to get their hands on one. DePaula is the team’s best pitching prospect but he’s still in Single-A ball. Heathcott had an up-and-down season in Double-A but has a lengthy injury history. High ceiling but also high risk. Sanchez and Murphy could headline a package for a non-star player, but Heathcott and DePaula are closer to throw-ins in the grand scheme of things.
Suspects: Tyler Austin, Mason Williams, and Jose Ramirez
Injury of ineffectiveness — Austin, Williams, and Ramirez all had down 2013 seasons for one of those two reasons. Sometimes both. They’re basically buy low candidates, prospects with considerable ceilings who either need to get healthy or fix their mechanics or have their attitude adjusted. If I was another club and talking trade with the Yankees, these are the guys I would be asking for as the final piece in a trade package. Take a shot on one without the deal hinging on their success. There are too many question marks for any of them to be the top guy in a deal for an established big leaguer at this point. I just don’t see how another club would go for that.
As we spend far too much time trying to figure out how the Yankees will rebuild themselves into a contender while staying under the $189M luxury tax threshold next season, there has always been one great big unknown throwing a wrench into things: arbitration salaries. These go to players with more than three years but fewer than six years of service time; the guys who have been in the league long enough to earn a decent salary but not long enough to qualify for free agency.
Arbitration salaries are very tough to pin down (or estimate, for that matter) but can be substantial in some cases, especially as the player moves closer to free agency. Thankfully, Matt Swartz developed an insanely accurate model — it’s been within 5% or so overall — for projecting arbitration salaries, and the information has been available at MLBTR these last three years. Projections for the Yankees’ seven arbitration-eligible players were released over the weekend:
Arbitration Eligible Players (service time in parentheses)
Update: Here are the updated projections. Only Robertson’s changed.
Nova ($2.22M raise), Robertson ($2.4M), and Gardner ($1.15M) are all projected to receive healthy raises from last season. The other four guys are projected to receive $640k salary increases or less. Nova is arbitration-eligible for the very first time, meaning he’s coming off what amounts to a league minimum salary in 2013. I have to think that’s a pretty great moment for a young-ish player — that first year of arbitration, when your annual salary goes from mid-six-figures to several million bucks.
Anyway, at the projected salaries, I think both Nix and Stewart are obvious non-tender candidates, meaning the Yankees should cut them loose and allow them to become free agents rather than pay that salary. Nix is a perfectly fine utility infielder who played way too much this past season, when he earned $900k. The projected $1.4M is a real stretch for me. If he’s willing to re-sign with the team for $1M or so, great. If not, move on. There are better ways to spend $1.4M, especially considering the team’s self-imposed budget constraints. Same goes for Stewart. No way should the Yankees pay him a seven-figure salary in 2014. That’s madness.
So, assuming the Yankees non-tender Nix and Stewart but keep everyone else, their arbitration class projects to cost $14.8M next season. They currently have six players under contract with a combined $84.9M “tax hit” for 2014 and that includes Alex Rodriguez, who may or may not be suspended. It doesn’t include Derek Jeter, who figures to pick up his player option. So, between the guys under contract and the arbitration-eligible players, the Yankees have eleven players slated to earn $99.7M in 2014, pending decisions by Jeter and the arbitrator overseeing A-Rod‘s appeal.
That leaves the team with roughly $77.3M to spend on the 29 remaining 40-man roster spots (plus leaving space for midseason additions) when you factor in ~$12M or so for player benefits, which count against the tax. If A-Rod is suspended for the entire season, it’ll be $104.8M for 30 remaining roster spots. That sounds like a lot, but remember, Jeter and the inevitable Robinson Cano contract will soak up about $35M of that leftover money all by themselves. Without A-Rod but with Cano and Jeter, it’s more like $70M for 28 roster spots plus midseason additions. Doable, certainly, but that $300M spending spree might be more myth that reality.