Let The Games Begin

Well the first domino fell on Thursday when Atlanta signed LHRP Will Smith for 3 years and $40MM.  It is a little less than Craig Kimbrel $$$, but not much.  The Braves are in a position to sign multiple FA and still be well south of the CBT threshold.  I expect them to make a run at MadBum and Yasmani Grandal, and maybe Josh Donaldson.  Some prognosticators have suggested with their farm system, they will make a play for Mookie Betts.  Certainly not all of them, but I do not expect Atlanta to stop after Will Smith.

For the past several weeks, I have been stating that the Dodgers are $45MM below the CBT threshold before they make any trades involving any of their salaried or arbitration eligible players.  Cots has the best information when it comes to player contracts and their AAV for CBT purposes and MLB Trade Rumors (MLBTR) is the best source for projected arbitration figures.  Combined I have forecast the Dodgers to be currently at $162.7MM in AAV.  Broken down:

Currently Under Contract (6 Players):

Clayton Kershaw                                             $31.00MM

Justin Turner                                                        16.00MM

Kenley Jansen                                                     16.00MM

AJ Pollock                                                              12.00MM

Joe Kelly                                                                   8.33MM

Kenta Maeda                                                         3.13MM

Total Contract                                                  $86.46MM

Arbitration (12 Players):

Cody Bellinger                                                 $11.60MM

Pedro Baez                                                             3.30MM

Enrique Hernandez                                            5.50MM

Joc Pederson                                                         8.50MM

Yimi Garcia                                                              1.10MM

Chris Taylor                                                             5.00MM

Corey Seager                                                         7.10MM

Ross Stripling                                                         2.30MM

Austin Barnes                                                        1.30MM

Scott Alexander                                                    1.10MM

Max Muncy                                                            4.60MM

Julio Urias                                                                1.70MM

Total Arbitration                                             $53.00MM

Remainder of 26 Man Roster

Choose 8 From:

Walker Buehler

Alex Verdugo

Will Smith

Matt Beaty

Dustin May

Tony Gonsolin

Gavin Lux

Dylan Floro

Casey Sadler

Adam Kolarek                   

Projected 8 Players                                         $  6.00MM

Estimated Player Benefits                           $15.00MM

40 Man Player/Minors                                   $  2.25MM

Total Projected CBT Payroll                        $162.7MM

Amount in Excess of CBT Threshold        $  45.3MM

This is what the Dodgers can spend without exceeding the CBT threshold before any trades.  I cannot see any of the arbitration players not being tendered offers, but I would expect 1-5 could be traded. Players who have been discussed as most likely to be traded include:

Joc Pederson

Ross Stripling

Austin Barnes

That is another $12.1MM that could be used to offset players acquired in trade, or if traded for prospects then those dollars could then be available for other FA.  Certainly many Dodger fans would like to see Pollock moved and some would be more than fine if Corey Seager was traded.  That is another $19+MM. 

In addition, we have been advised that AF is not under any luxury tax cap for this season.  This is important also because if Kenta Maeda remains with the team, they will not have to be careful with his  starts or IP and the bonuses thus earned.

JT comes off after next season, and Kershaw and KJ the year after.  I would expect JT and Kershaw to continue to be Dodgers but at considerably less rates than currently enjoyed.

Compare the Dodgers financial situation with the team that went for it all in 2019 with the trade for Zach Greinke.  The Astros have spent like drunken sailors for the past couple of years and now find themselves in a bind.  They continue to say they will be in on retaining Gerrit Cole, but you be the judge.

Currently Under Contract (8 Players):

Justin Verlander                                              $  33.00MM

Zach Greinke (Houston’s share)                  24.08MM

Jose Altuve                                                             23.36MM

Alex Bregman                                                        20.00MM

Michael Brantley                                                  16.00MM

Josh Reddick                                                          13.00MM

Ryan Pressley                                                          6.80MM

Total Under Contract                                   $145.74MM

Arbitration or Option (10 Players):

George Springer                                               $  21.40MM

Brad Peacock                                                           4.60MM

Jake Marisnick                                                         3.00MM

Aaron Sanchez                                                        5.60MM

Lance McCullers                                                     4.10MM

Carlos Correa                                                           7.40MM

Roberto Osuna                                                      10.20MM

Joe Biagini                                                                 1.50MM

Aledyms Diaz                                                           2.40MM

Chris Devinski (Option)                                       2.83MM

Total Arbitration                                               $  63.03MM

Remainder of 26 Man Roster:

Josh James

Kyle Tucker

Jose Urquide

Framber Valdez

Joe Smith

Hector Rondon

Yordan Alvarez

#26 (Forrest Whitley?)

Projected 8 Players                                         $    5.50MM    

Estimated Player Benefits                            $  15.00MM

40 Man Player/Minors                                   $    2.25MM

Total Projected CBT Payroll                        $230.60MM

Amount in Excess of CBT Threshold        $  22.60MM

Thus, before any roster manipulation, the Astros are significantly beyond the CBT threshold.  I have read that the Astros could non tender as many as six players saving them $25.5 MM:

Jake Marisnick

Aaron Sanchez

Roberto Osuna

Joe Biagini

Aledyms Dias

Chris Devinski

Regardless, unless there are players moved with large salaries, I would not expect Houston to be looking at any of the elite free agents.  I can see one player who is one year from reaching FA status that could save them significant dollars…George Springer.  Mookie Betts has been discussed as possible trade consideration for LAD (and others).  Might George Springer also get that consideration?  As a Dodgers fan and a huge fan of a former LSU SS, I wouldn’t be upset if the Astros decided to trade Alex Bregman.  I have been a fan of Bregman’s since his junior year at LSU, knowing LAD would never get him.  But he would look great in Dodger Blue. I know it will never happen, but I can dream can’t I?

Using the same approach, some of the other potential high spenders this year:

Boston – $221.925 – $13.925 in excess of CBT Threshold

NYY – $212.316 – $4.316 in excess of CBT Threshold

Cubs – $211.683 – $3.683 in excess of CBT Threshold

Phils – $189.277 – $18.723 short of CBT Threshold

Nats – $125.997 – $82.003 short of CBT Threshold

Boston is making if a point to get below the threshold, and one scenario has them non-tendering Jackie Bradley Jr. and saving $11.000.  There are other potential non-tenders that could conceivably get them below the threshold.  I would also expect them to look to move Nathan Eovaldi and his $17.0 MM contract.  Eovaldi has 3 more years at $17.0MM per year or $51MM.  That is just a bad contract.  As is Chris Sale’s.  The Red Sox have two more years of Dustin Pedroia, who may never play again, at $13.75 each.  Moving Mookie Betts gives them a lot of breathing room financially, but how do they replace him.

NYY has a good farm system and has options at the ML level to get below the CBT Threshold.  I doubt NYY is concerned with the tax, but they will still try to get underneath it.  I would expect Giancarlo Stanton to be shopped.  Regardless of where they are contractually, I fully expect them to be in on Gerrit Cole and perhaps Zach Wheeler.  They have also shown interest in MadBum, but I doubt that the interest is reciprocated.

The Cubs can get under the threshold by non-tendering Addison Russell which is very much expected.  They are also considering moving Wilson Contreras.  But that is more of a move for additional prospects as his arbitration projection is $4.5MM.  I see no possibility that they will move Kris Bryant, but if they did, that would go a long way in helping with their farm pipeline.

The Nats are not close, but they certainly have the financial strength needed to re-sign either or both of Anthony Rendon and Stephen Strasburg.  I think Strasburg is the most likely to re-sign, but they are going to try and re-sign both.

The Phillies continue to say they want to spend stupid money.  They need top of the rotation starting pitching but are currently $18.723 short of the CBT threshold.  I fully expect Philadelphia to non-tender Cesar Hernandez, and that will give them an approximate additional $11.8MM.  They are going to have to trim additional personnel to be able to even consider Gerrit Cole.  But Zach Wheeler and MadBum are definite possibilities.

I still expect to see MadBum in Atlanta.  And I see no reason why they cannot outbid Brewers or Reds for Grandal. 

I was wondering why so many pundits were linking Ryu to Texas, and then read that Shin-Soo Choo was lobbying the ownership group hard for Ryu.  In addition, Chan Ho Park left LAD and signed a FA contract with Texas.  The Rangers organization has been very accommodating and inviting for Korean ball players.  Ryu said it would be awesome to be able to play with Choo.  I also expect to see either Rendon or Donaldson sign with Texas.  Texas is currently at a $104.7MM CBT payroll, and they have been as high as $166MM 2 years ago.  Rendon and Ryu will help them to fill that new stadium and will not hurt them financially.

This figures to be a very fun hot stove league, and I expect a lot of teams to be looking to improve themselves via FA and/or trade, including our very own LAD.  AF has been pointing to this winter to make some significant upgrades, and has the financial wherewithal to make it happen.  But he will not be stupid.  He has a value for each of the FA candidates, and a value for any significant player that could be acquired via trade.  He will not deviate much from those values.  Fans may not like it, but he will be in on Gerrit Cole, Stephen Strasburg, Anthony Rendon, and Josh Donaldson, and he will walk away if the price gets out of control.  I would think that his best chance to score a significant upgrade would be Anthony Rendon who has said he wants a shorter term, higher AAV contract, exactly what AF prefers.

Now that Will Smith the Pitcher has opened the Hot Stove League, let the games begin.

This article has 36 Comments

  1. Great article! Good info w/o goofy prognostications . A very fair assessment, especially if the approach AF will take. Personally I find traded far more compelling than just purchasing a free agent , especially when one trade leads to another.

  2. Interesting column. Kenta Maeda certainly qualifies as an unhappy player. It’s not about money, according to his agent, but his role. He wants to be a starting pitcher. Apparently the Dodgers attempted to resolve the money issue, but it was rejected. His best role for the Dodgers is absolutely out of the bullpen. Depending on how the winter goes (will Ryu and Hill return or another free agent starter join the rotation), Maeda could be looking at a long stint in the bullpen. Julio Urias will enter spring training as a starter with Dustin May, Ross Stripling and Tony Gonsolin competing for starts. Does that make Maeda a prime trade piece?

    He would no doubt bring a fair return since he would be a number three on most teams
    and his salary adds to his value. I’m sure the Dodgers would like to keep him for those reasons, but they also don’t need a disgruntled player, one who is making noise in November. At this point, would anybody be surprised if he was traded?

    1. He doesn’t want to redo his contract, he doesn’t want to be traded and he doesn’t want to pitch in the pen at the end of the year, but he’s still under contract for 4 years.

      I’m wondering if he’s a little disgruntled because Hill was given the start in the Post-Season last year and sucked. Maeda was probably thinking WTF?

      The Dodgers should consider getting that front line pitcher, RH Bat, and trade guys to get a couple of relievers. If Maeda is one of the guys traded, so be it.

    2. AF said recently, the starting rotation will be Buehler, CK, Urias, & Maeda. May & Gonsolin , and maybe Stripling, will vie for the #5 spot. Of course, this doesn’t preclude any FA acquisition(s) they may decide upon for the starting rotation. To my mind, this might lead to a trade of Kenta if he chooses not to go to the BP. The idea of Maeda in the BP seems correct, but that may not come to pass if he insists on starting.

      As I’ve said before, if Ryu’s cost and term of contract is reasonable, I see no reason the Dodgers wouldn’t sign him. Then, it would be amazing to sign Rendon and move JT to 1B.

  3. The Dodgers are one of the very few teams that can take on the type of payroll the Red Sox are looking to shed. Between Mookie Betts and Jackie Bradley Jr. the Red Sox could potentially be in line to spend $40M in 2020 on both players. The Dodgers are in a very unique situation where they possess the financial resources and prospects to make a deal like this happen. Obviously, acquiring two outfielders would likely require the Dodgers to trade AJ Pollock, unless Betts is moved back to second base. Perhaps, the Dodgers could offer AJ Pollock, Alex Verdugo, Tony Gonsolin, Jeter Downs and Matt Beaty.

    The Dodgers would be giving up a lot of cheap major league ready talent, but a chance to potentially field an outfield of Mookie Betts, Jackie Bradley Jr and Cody Bellinger should make this one of the top defensive outfields in the game.

    1. My opinion, way too much for Betts and Bradley, both of whom will be free agents after 2020 season.

    2. I’m going to say “no thanks” on your proposed trade. In my mind, that’s just too much to give up for one year of control over Betts and, although Bradley is considered a good outfielder, even those numbers went down last year and he’s not a very good hitter, so we’d be doing the Sox a favor to take him and his $11MM salary off their hands.
      I’d give them Gonsolin, Downs and Joc for Betts alone and would add another prospect in our 10-20 range if necessary. That would save them about $20MM. With Betts here, I would move Pollock, although that might not be easy. Then I’d go out and try to sign Wheeler or bring back Ryu, which would seal Maeda’s fate and I would also trade him. I’d offer him to the Indians for Kluber and add a piece to the deal if necessary. Buehler, Ryu/Wheeler, Kluber, Kershaw, Urias, May. Six very good starters. Since Ryu, Wheeler and Kluber are all injuries waiting to happen, we need at least six starters.

      1. I’d have a trade centered on Maeda going to the Sox’s for Betts. If Betts went to second, Muncy could go to third with Turner moving to first. Then sign Cole/ Wheeler to replace Maeda.

        1. Not sure exactly what your definition of “centered” is but if that means he’s the most important piece, I don’t think Mr. Bloom is going to bite.
          Also, I don’t think Muncy is a good third baseman. Would rather see him at second, first or maybe even in left before I’d make him the every day third baseman.
          Not saying my opinion is worth any more than yours and that’s what makes this blog worth visiting every day.

          1. Agree with you about Muncy at third/defense. Just throwing out a possible Betts option. Personally I wouldn’t trade to much for one year of Betts. Maeda along with some MiL prospects that don’t fit with the Dodgers long term plans is as far as I would go.

      2. Keep in mind that under the proposed scenario the Red Sox would be taking on Pollock’s contract; however, the Dodgers would either have to entice the Red Sox with prospects or money to take on Pollock. AJ appears to be better suited for the AL at this stage of his career where he could spend sometime at DH from time to time. In a perfect world, I would take Pollock over Bradley, but AJ can’t seem to be able to stay healthy. Needless to mention his days in center field are likely a thing of the past.

        With exception of Betts, next year’s free agent class looks weak. Ridding ourselves of Pollock’s contract would put us in better position to pursue an elite bat like Betts; especially if we miss out on Rendon this year.

        In order of priority I would say the Dodgers should:

        Option A – sign Anthony Rendon
        Option B – trade for Francisco Lindor; thus, prompting the Dodgers to move Corey Seager to the hot corner
        Option C – trade for Mookie Betts

  4. This is the beginning of the end for the Astros. Nice run, a little cheating and one trophy. Losing their best pitcher, another really good starting pitcher, stuck with two old expensive starting pitchers, losing 275 innings of relief pitching. They’re screwed. No tears you cheating bastards!

    The Yankees are right up against the CBT. I can’t imagine how they’re gonna get those starting pitchers they desperately need.

    The Nats have a ton of space, but they also don’t have any players. It seems like half of their 40 man are free agents.

    With 45M of our own cap space, Donaldson and Wheeler’s projected salaries would fit nicely. Cole OR Rendon would certainly fit, both of them with some creativity. Let’s hope AF hits a homer.

  5. This is off the subject matter of the well done article by AC, as usual, but with the holidays coming up, I wanted to dedicate this to everyone who lost someone.

    The First Christmas After You Lose Someone Is Hard from Pinterest

    You won’t feel like celebrating, but you’ll go along with it for the kids, for the family. It will hurt. The presents not bought. The chair not sat in. The memories of past Christmases that threaten to suck the joy out of the day.

    But you will get through it. You may even raise a smile between the tears. If you can, thank God for the Christmases you had with them. Light a candle. Cry. Start a tradition in their memory. And remember, the love you shared through the holidays.

    1. Thanks for posting this DB Mom. Holidays are always the toughest part of the year when you’ve lost someone and it’s the time of year we should be extra sure to reach out to someone who is going through that pain.

  6. Betts and Lindor are both thinking $300M contracts are in their future.

    To get righty bats:
    Maeda to Mariners for Hanager (yep, still want him)
    Sign Rendon.

    To get relievers:
    Trade Verdugo to Mets for Diaz.

    For salary relief:
    Trade Pollock, Gonsolin, $$ to Pirates for Archer

    1. 1) OK, if the Mariners do that deal I’m in.
      2) Diaz is a total crap shoot at this point. I’m not willing to risk umpteen good years from Verdugo for a guy who may not wind up better than a fringe bullpen guy. I realize he could make the All Star team next year also. Just saying which way I’m coming down on this one.
      3) Not sure what you want Archer for. He hasn’t been very good for the last 4 years. I’m more than happy to trade Pollock, but I’m not willing to throw in Gonsolin and take Archer to get it done.

        1. Gonsolin was included just to aid the offloading of Pollock’s contract.

          I would be curious if Archer could close. I like his personality.

          Maybe Gonsolin is our closer.

  7. Interesting article on Nicholas Castellanos:

    ://www.mlb.com/news/nicholas-castellanos-rumors

    The Dodgers are the most successful team in employing the shift and I believe they could “hide” him in LF. He costs nothing in the terms of talent, does not require a forfeited draft pick and would dramatically improve the RH balance of the team.

    This leaves Joc Pederson, Kenta Maeda, Ross Stripling and Kike Hernandez or CT3 as trade material and you could get a couple of pretty good relievers for them.

    How about Maeda and Hernandez for Edwin Diaz? The Mets could use another starter and they need a CF’er.
    If they prefer CT3, so be it. Maeda is going to be a malcontent if he is not starting and I am frankly tired of seeing that silly little grin he exhibits when he gives up a gopher ball. Diaz is worth trying to “fix.” Shoot, I’d throw Sprip or Joc in the deal if I had to.

    Next, trade Joc and chicken Strip for another reliever… LeClerc, Iglesis, Lorenzon, et al.

    Then, if you wanted to sign Cole as your dope-fiend move you could.

    Rotation:
    1. Cole
    2. Buehler
    3. Urias
    4. Kershaw
    5. May

    Lineup:
    1. Verdugo RF
    2. Bellinger CF
    3. Turner 3B
    4. Muncy 1B
    5. Castellanos LF
    6. Seager SS
    7. Smith C
    8. Lux 2B

    Bench: Pollock, Beaty, Kike or CT3, Rios, Barnes

    Diaz and another reliever compete with Jansen and then there are Gonsolin and de Geus and Baez and all the rest!

  8. I’m kind of neutral on Casty, but something inside of me is rooting for it to happen just so we can see if you were right. On the other hand, having to listen to you tell us how you were right ……………………………………………. 🙂

    I think we’re more or less on the same page with regard to guys we think are expendable and who could bring us value back in trades: Joc, Strip, Maeda, Kike (I’d prefer to keep CT3 and trade Kike). I would also add Rios to the list and, although I’m a Beaty fan I would trade him in the right deal if Joc is still here. If Joc is traded, I think Beaty is a valuable piece off the bench.

  9. It’s fun spending other people’s money! Clearly, the Dodgers have some money to spend, and I hope they do. As AC has pointed out several times in the past, there have been times when it appeared the Dodgers could have pulled the trigger on a trade or free agent and the didn’t (Cole, Sales, Yelich, among others), for reasons known only to the front office. I hope this off season is different, but my hopes are not particularly optimistic. Let’s go bold, and let’s do it quickly.

  10. I just don’t see the Dodgers trading Verdugo, a really good contact hitter with developing power and a pretty good defensive outfielder with a big time arm. Still think AJ Pollock is a pretty good outfielder. He can still run and has power. Had a really good second half. Not sure they would want to trade him. Dodgers outfield is not really an issue. Betts? Only one year and Boston probably thinks he has more value than most potential trading partners. We bailed them out with the Punto trade and all those bad contracts. I wouldn’t do that again. That was an ownership generated deal, not sure Friedman would have done that. Plus circumstances have changed. If the Dodgers outfield had a position or two open, Castellanos in left would make perfect sense. But right now it’s overcrowded and there is a possibility that Gavin Lux plays some outfield if the Dodgers sign Rendon or Donaldson and move Turner to first. I definitely like Mark’s rotation, but would Cole’s signing mean the Dodgers doing something stupid? Will need to wait for Friedman to determine that. Stupid or not, I like the idea of signing Cole, but it comes with high risk and obviously a lot of money. But if he stays healthy and maintains his current form, wow. Stupid becomes off them charts brilliant. No idea who Díaz has become so it’s a tough call on any trade for him. Just can’t see the Indians trading Lindor. They’re still very competitive.

  11. Part of the reason the Dodgers did not trade for Sale, Yelich, Realmuto, Cole, Hamels, and others is that AF was loathe to include Seager, Urias, Bellinger, and Verdugo in any potential deals.

    To think that somehow he is now going to trade Verdugo is silly.

  12. Verdugo is not in the same class as Seager, Urias or Bellinger. Alex Verdugo has shown good bat to ball skills at the major league level, but lacks the power to justify a corner outfield position on a team like the Dodgers. A player with Verdugo’s offensive skillset needs to handle centerfield to merit a spot on a top shelf team like the Dodgers.

    I sincerely hope I am wrong about Verdugo, but once it is all said and done I foresee a Josh Reddick type threshold or an Eric Hosmer type ceiling for this kid.

    1. Not sure how much credence you give to WAR Dfan but last year Verdugo’s WAR (Baseball Reference) was 3.1, Reddick was 1.2 and Hosmer was -0.3. Meanwhile Reddick earned 25 times as much as Verdugo and Hosmer earned 40 times as much. I’ll take Verdugo every day of the week. Sure, 2019 could turn out to be his best season, but I’ll take that gamble. Because of his bat to ball skills I would expect him to have a much more even career, results wise than Reddick or Hosmer.

    2. I believe a better Verdugo comparison is Christian Yelich. In Yelich’s second full season (age 23) his OPS was .782, OPS+ 118, with 7 home runs; Verdugo’s first full season (age 23) his OPS was .817, OPS+ 114, with 12 home runs AND he did not play after August 4. No way of telling if Verdugo will develop as Yelich, but I think that is a good comparison.

  13. With all due respect Dfan, I like SCB’s comps better, although I don’t ever see Verdugo becoming the home run hitter that Yelich has turned into.

    1. I think it is impossible to predict what type of hitter a player will develop into when he is only 23. I really like Yelich and hoped that Dodgers would trade for him before the Brewers made their deal with the Marlins. Yelich did not put up big home run numbers until he moved to the Brewers home park — last season he hit 27 of his 44 home runs at home.

  14. If we are looking at WAR as a predictor, at age 23, Eric Hosmer also posted a 3.1 WAR.

    I’m digging the optimism with the Yelich comp.

    1. Fair point. Let’s hope that Dugo’s career path is a more upward trajectory than Hosmer’s which has been pretty much of a zig zag chart.

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