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This Date In Transaction History: Yankees Sign Nestor Cortes

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Every winter, every organization in baseball signs dozens of free agents to minor league deals, mostly in hopes of finding a useful bullpen or bench piece on the cheap or giving a veteran the opportunity to battle for a roster spot during Spring Training. Finding a true diamond in the rough through this process is exceedingly rare, but it happened for the Yankees four years ago to the day when they officially signed left-hander Nestor Cortes to a minor league deal. At the time, the southpaw was just one month removed from his 26th birthday and had a career 6.72 ERA across 79 innings of work at the big league level. Despite that brutal start to Cortes’s MLB career, the Yankees’ decision to bring him in as pitching depth for the 2021 season quickly proved to be one of the most fruitful minor league signings in recent memory.

The club was plenty familiar with Cortes when they signed him to the deal, as it was actually the lefty’s third stint in the Bronx. First drafted by the club in the 36th-round of the 2013 draft, Cortes was plucked from the club in the 2017 Rule 5 draft by the Orioles, but was returned just a few months later. He then threw 66 2/3 innings of work for the Yankees during his rookie season in 2019, though he struggled to a 5.67 ERA and found himself traded to the Mariners that November. Cortes made just five appearances in Seattle before electing minor league free agency and returning to the Yankees prior to the 2021 season.

The lefty’s return to the Bronx wouldn’t get underway in earnest until deep into May, when he was added to the club’s roster as a multi-inning relief option out of the bullpen. Cortes’s first appearance of the year came on May 30 against the Tigers, and he pitched somewhat unevenly with two runs (one earned) allowed in 3 2/3 innings of work that saw him strikeout three, give up three hits and walk four. Throughout the month of June, however, Cortes looked utterly dominant. He pitched to a microscopic 0.64 ERA across six appearances (14 innings) that month and struck out a whopping 42.3% of opponents.

That overpowering run of success earned Cortes a spot in the starting rotation when the calendar flipped to July, and he managed to keep a hold on that spot in the Yankees’ rotation throughout the remainder of the season. In 14 starts throughout the second half of the season, Cortes pitched to an excellent 3.07 ERA in 73 1/3 innings of work and struck out a respectable 25.4% of his opponents. His emergence helped the Yankees to weather injuries to Corey Kluber, Luis Gil, and Domingo Germán that tested their starting depth throughout the season. While Cortes didn’t pitch in the postseason that year as the Yankees fell to the Red Sox in the AL Wild Card game, he entered 2022 with a firm grip on a role in the starting rotation.

It turned out to be a career year for the left-hander. Cortes was among the very best pitchers in the sport in 2022, earning his first (and to this point, only) All-Star appearance and finishing within the top 10 of AL Cy Young award voting that year. While his 158 1/3 innings of work weren’t enough to qualify for the ERA title, he made a respectable 28 starts and his 2.44 ERA was the seventh-lowest in the majors among hurlers with at least 150 innings of work and left him sandwiched between Shohei Ohtani and Max Fried on that year’s leaderboard. His 26.5% strikeout rate, 3.13 FIP, and 3.7 fWAR all ranked in the top 20 among that group as well. The season to remember saw Cortes go on to make three key postseason starts for the Yankees that October. He cruised through two starts against the Guardians with a 2.70 ERA in ten innings but was ultimately on the mound for the Yankees’ final game of the season, when the Astros completed their sweep of the Bombers in Game 4 of the ALCS.

Following Cortes’s career year in 2022, the lefty saw his production take a bit of a downturn. 2023 was something of a lost season for Cortes, as he made just 12 starts due to a pair of rotator cuff strains and struggled to a below-average 4.97 ERA when he was healthy enough to take the mound. 2024 was a step in the right direction for the lefty as he was healthy for the majority of the year, but his results paled in comparison to what they had been in the first two years of his return to Yankee Stadium. In 174 1/3 innings of work for the Yankees last year, he pitched to a 3.77 ERA (109 ERA+) with a 3.84 FIP but struggled in the second half with a 4.41 ERA over his final 12 appearances.

Still, that’s solid mid-to-back of the rotation production overall and it was a worrying hit to the club’s depth when a late-season flexor strain seemingly endangered Cortes’s postseason in late September. The lefty made it back to the mound in time for the club’s World Series appearance against the Yankees, although some fans might wish he hadn’t done so after he surrendered a walk-off grand slam to Freddie Freeman in the tenth inning of Game 1. Cortes went on to throw 1 2/3 scoreless relief innings in Game 3, but had little impact during the rest of the series as the Yankees dropped the series to the Dodgers in five games.

New York traded Cortes for a second time last month when they packaged him with infield prospect Caleb Durbin and cash considerations to acquire star Brewers closer Devin Williams. At least for the time being, that trade has brought Cortes’s lengthy Yankees story to a close. With Cortes entering his age-30 season and just one year away from free agency, it’s anyone’s guess if he’ll find himself back in the Bronx at some point before his career comes to a close, but he leaves New York as one of the club’s most valuable signings in recent years.

Over the last four seasons, the lefty has pitched to a 3.33 ERA in 489 innings of work across 93 appearances (84 starts) while punching out 25.2% of his opponents. It’s a performance that was worth 9.4 fWAR and 10.3 bWAR, and even in 2025 the decision to bring Cortes back into the fold figures to be a gift that keeps on giving now that Williams and his career 1.83 ERA will spend his final year before free agency closing out games in the Bronx. Garnering that level of production out of a mid-20s minor league signing who has a career ERA north of 6.00 is something any club would be elated about, and the outcome stands as a clear win for Brian Cashman’s front office.

Yankees, Andrew Velazquez Agree To Minor League Deal

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The Yankees have brought back infielder Andrew Velazquez on a minor league contract with a non-roster Spring Training invite, reports Jack Curry of the YES Network. The CAA client is a Bronx native who appeared for his hometown team in 2021.

Velazquez, 30, has played for five teams over a big league career spanning parts of six seasons. Nearly half his playing time came as a member of the Angels in 2023. Velazquez appeared in a personal-high 125 contests that year. He hit .196 with a .236 on-base percentage but played great defense in more than 900 shortstop innings. His defensive grades slipped the following year and the Angels waived him that September.

Prior to his nearly two years in Orange County, he’d made brief appearances with the Rays, Cleveland, Orioles and Yankees. Velazquez hit .224 over 28 games in pinstripes four years ago. He played all of last season in Triple-A with the Braves after signing an offseason minor league contract. While he hit 16 homers and stole 33 bases, his overall offense was mediocre. Velazquez struck out nearly a third of the time while hitting .242/.298/.394 through 473 plate appearances with Atlanta’s highest affiliate.

The switch-hitting Velazquez is a career .189/.244/.293 hitter in 624 big league plate appearances. His glove is the selling point. He has logged nearly 1500 major league innings at shortstop. Velazquez played both middle infield positions and all three outfield spots in Triple-A last year. He’ll likely begin next season at Scranton/Wilkes-Barre as a versatile depth option.

Multiple Teams Showing Interest In Kyle Hart

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The Astros, Brewers, Orioles, Twins, and Yankees are among the teams that have shown interest in free agent southpaw Kyle Hart, according to The Athletic’s Will Sammon and Katie Woo.  Earlier this month, FanSided’s Robert Murray indicated that a whopping 18 teams had at least checked in on Hart’s services as he looks to return to North American baseball after a tremendous year with the NC Dinos of the Korean Baseball Organization.

Hart posted a 2.69 ERA, 28.8% strikeout rate, and six percent walk rate over 157 innings and 26 starts with the Dinos, winning the Dong-won Choi Award (the KBO League’s answer to the Cy Young Award).  Hart’s best pitch is his slider, but according to Fangraphs’ Eric Longenhagen, Hart used that slider less as a primary offering and more as a chase pitch to put batters away.  Longenhagen isn’t sure how Hart’s arsenal of this plus slider but only a 90mph fastball and an okay changeup will translate back in the big leagues, and thus Hart is projected as a fifth or sixth starter even if Fangraphs ranked him 48th on their list of the offseason’s top 50 free agents.

A somewhat limited repertoire might be less of an issue if Hart is working out of the bullpen, of course, and Sammon and Woo note that some interested MLB teams have considered Hart as a multi-inning reliever.  Whether working as a starter, long reliever, or perhaps both in a swingman role, there’s plenty of upside if the 32-year-old Hart can carry over even some of his KBO success back to the big leagues.

It isn’t known if Hart is specifically looking for a starting opportunity in the majors or if he’s willing to take on any role, though the five teams cited as suitors would seem to slot him as a reliever or swingman, in lieu of future injuries or trades to the incumbent rotation.  The Twins and Yankees are particularly thin on left-handed bullpen options, which could make Hart particularly appealing to those clubs.

Hart’s previous Major League experience consists of just four appearances and 11 innings with the Red Sox in 2020, when he was hit hard for a 15.55 ERA over his few cups of coffee in the Show.  A 19th-round pick for Boston in the 2016 draft, Hart pitched pretty well in his first taste of Triple-A ball in 2019, but has since struggled at the top minor league level, with an overall 4.36 ERA to show for 334 2/3 career Triple-A frames.  Hart spent his entire career with the Red Sox before pitching with the Mariners’ and Phillies’ Triple-A affiliates in 2023, and then jumping to the Dinos.

Managers & Top Front Office Executives On Expiring Contracts

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Several teams don’t publicize contract details for their top front office executives or even for their managers, so this list of skipper and execs (any head of a baseball operations department, whether titled as a president of baseball ops, general manager, chief baseball officer, etc.) entering the final year of their deals may not be entirely complete or accurate.  Still, since MLBTR so often focuses on players entering their “contract year,” this post provides a rough outline of which notable team personnel may be feeling some extra pressure as their own deals may be close to expiring.

It is quite possible some of these names may have already quietly signed extensions weeks or months ago, or will sign new deals during Spring Training once clubs turn their attention away from offseason roster-building.  A shorter-term extension may not necessarily indicate much extra job security, as some teams tack an extra year (or at least a club option) onto an executive or managerial contract just to avoid the appearance of that person entering a lame-duck year.  Of course, even a longer contract is no guarantee of job security, as a rough season can instantly put a manager or a front office on the hot seat.

As always, thanks to Cot’s Baseball Contracts for reference information on some of these contract terms.

Angels: Ron Washington is already heading into the final season under contract, as he signed only a two-year deal to manage the Halos in November 2023.  While the Angels were only 63-99 last season, it could hardly be considered Washington’s fault given the subpar state of the roster.  Expectations will be higher in 2025 since the team has been aggressing in adding talent this winter, and since GM Perry Minasian got a contract extension last August, Los Angeles might also look to add a year onto Washington’s deal to at least keep him on line with the guaranteed portion of Minasian’s new contract.  It should be noted that Washington turns 73 this coming April, so he might also prefer to just take things year-to-year if he has any thoughts about retirement.

Astros: Dana Brown is entering his third season as Houston’s GM, and the terms of his contract weren’t made public when he was hired in January 2023.  It is possible Brown might only be working on a three-year deal since his predecessor James Click also received just a three-year commitment, though Click was hired in the singular aftermath of the Astros’ sign-stealing scandal.  This probably isn’t a situation to monitor too closely since the Astros have kept winning during Brown’s tenure, with the caveat that owner Jim Crane and his advisors are known to weigh heavily on baseball operations decisions.  Click was let go within days of winning a World Series due to reported acrimony with Crane, but there hasn’t been any indication of any heat between Crane and Brown.

Athletics: Mark Kotsay’s initial contract covered the 2022-24 seasons, and the A’s picked up Kotsay’s 2025 club option over a year ago.  GM David Forst said in October that “there’s no one I would rather have managing this team,” and that Kotsay “wants to be here,” though there hasn’t been any public word about any extension talks.  As comfortable as Kotsay seems with the organization, it is possible he might be willing to let the season play out and then explore his options, if he has any uncertainty over continuing to manage the A’s through their stint in West Sacramento before their planned move to Las Vegas for the 2028 season.  While no public details were revealed about Forst’s latest contract, the GM has obviously signed some kind of extension since his last deal expired after the 2023 season, and said in November that “I’ve been here for 25 years.  There’s not a thought that I wouldn’t be in this for the long run.”

Blue Jays: Manager John Schneider is entering the last guaranteed season of his three-year contract, as the Blue Jays hold a club option on Schneider for 2026.  It is fair to guess that the Jays might not exercise that option too far in advance, as there is widespread speculation that another disappointing season (or even a slow start) will cost Schneider his job.  The same could be true of general manager Ross Atkins, even though Atkins is under contract through 2026.  Team president Mark Shapiro is also entering the final season of his five-year contract, and while Shapiro’s focus has been more towards bigger-picture projects like Rogers Centre’s renovations, his possible departure might also trigger a larger overhaul unless the Jays turn things around on the field in 2025.

Braves: Manager Brian Snitker is entering the last year of his contract, so the Braves might well look to tack at least one more season onto Snitker’s deal this spring.  Snitker has led Atlanta to the postseason in each of the last seven seasons, highlighted by the team’s World Series victory in 2021.  He has stuck to just shorter-term deals and extensions during his tenure, which is probably due more to his age (Snitker turned 69 in October) than any dissatisfaction on the organization’s part, so no change seems imminent in the Braves dugout.

Cardinals: John Mozeliak’s exit plan is already in place.  The longtime head of the St. Louis front office is stepping down after the 2025 season, with Chaim Bloom already inked to a long-term contract to become the Cardinals’ next president of baseball operations.

Cubs: The Cubs have posted 83-79 records in each of the last two seasons, but they still haven’t reached the postseason during Jed Hoyer’s four-year tenure as president of baseball operations.  2025 is the last year of Hoyer’s original five-year contract, and acquiring Kyle Tucker (who is a free agent next winter) in a big-ticket trade might indicate that Hoyer is feeling some heat to win as soon as possible.  It can be argued that Hoyer has been somewhat hamstrung by ownership’s reluctance to spend at the top of the market, but that might also indicate that ownership could be considering hiring a PBO with more experience in building contenders on limited budgets.

Dodgers: Reports surfaced earlier today that the Dodgers are planning to work out an extension with Dave Roberts, as the skipper is entering the last season of his last three-year extension with the club.  It comes as no surprise that L.A. wants to retain Roberts in the wake of the team’s second World Series title during his tenure, and it stands to reason that president of baseball operations Andrew Friedman is also a candidate for a new deal, perhaps regardless of the terms of his last agreement.  Friedman came to the Dodgers on a five-year deal in October 2014, then signed an extension of an unknown length in November 2019.  If that next contract was another five-year pact, Friedman is a technically free agent right now, but there has no zero indication that Friedman (who has been as busy as ever in bolstering the Dodgers roster this winter) is going anywhere.

Guardians: This is a speculative entry since it has been well over a decade since Chris Antonetti’s contract terms were publicly reported.  Even if he is approaching the end of his current deal, there hasn’t been any sense that the Guardians are planning a front office change, especially not in the wake of another AL Central crown and a trip to the ALCS.  Antonetti has been a member of Cleveland’s front office since 1999, and in his current role as president of baseball operations since October 2015.

Mariners: Jerry Dipoto has been extended twice since the M’s first hired him in September 2015, and his last extension in September 2021 was a multi-year deal of unspecified length.  It is therefore possible this could be Dipoto’s final season under contract as Seattle’s president of baseball operations, unless another extension has been signed in the last three-plus years.  Despite four straight seasons of 85 or more wins, the Mariners reached the playoffs just once in that span, as a lack of hitting has hampered the team over the last two years in particular.  It remains to be seen if ownership is okay with just being competitive (or, as Dipoto infamously put it, winning “54 percent of the time“) or if any impatience is growing over the Mariners’ difficulty in truly breaking through as a contender.  The Mariners were sparked to a 21-13 record down the stretch after manager Dan Wilson was hired last August, so it could be that the managerial change (and a change of hitting coaches) is what was needed to get the M’s back on track, but Dipoto and Wilson could both face pressure if Seattle again falls short of postseason baseball.

Orioles: Mike Elias has been Baltimore’s GM for six seasons, though his contract terms haven’t been made public at any point during his tenure.  Manager Brandon Hyde signed a three-year deal when first hired prior to the 2019 season, and he has signed at least one or perhaps two extensions since, leaving his contract status a bit of a mystery.  This is another situation where job security probably isn’t an issue, as the Orioles have come out of their rebuild to reach the playoffs in back-to-back years, even if the club has yet to record even a single postseason win in that span.  New owner David Rubenstein is eager to win but hasn’t shown any inclination to changing the leadership structure since he bought the Orioles earlier this year.

Pirates: Ben Cherington has now completed five full seasons as the Buccos’ general manager, so he either signed a somewhat unusually long contract when first hired, or he has already inked one extension that has escaped public attention.  Pittsburgh fans are impatiently waiting for the first winning season of Cherington’s tenure, as the team has flirted with contention in each of the last two years before finishing with identical 76-86 records.  Paul Skenes has at least emerged as the crown jewel of the Pirates’ lengthy rebuild process, so regardless of Cherington’s contract terms, it doesn’t appear as though he is in any danger of being fired.

Rangers: Bruce Bochy’s return to managing saw him sign a three-year contract with Texas, so 2025 represents the final year of that deal.  Bochy turns 70 in April but didn’t give any hints about retiring when speaking to reporters at the end of the season.  A second straight losing season might change the equation either on Bochy’s end or on the front office’s end, but the Rangers’ 2023 World Series title (to say nothing of Bochy’s three previous rings as the Giants’ manager) has naturally brought him a lot of leeway within the organization.  Both sides might prefer to go year-to-year just to maintain flexibility, but it wouldn’t be surprising if Bochy soon gets another year added to his contract.

Rockies: Bud Black has signed three straight one-year extensions to remain as Colorado’s manager, and past reports have indicated that Black is on something of an unofficial year-to-year rolling contract with the organization.  It is perhaps notable that Black’s most recent deal wasn’t finalized until this past October, whereas his previous two extensions were completed prior to the start of the seasons.  This might indicate that ownership and/or Black himself are starting to think harder about continuing the relationship in the wake of six straight losing seasons, even despite the Rockies’ well-known penchant for staying loyal to long-term employees.  The same logic could extend to GM Bill Schmidt, though Schmidt’s contract terms haven’t been known since he was elevated to the full-time general manager position in October 2021.

Royals: Matt Quatraro is entering the final guaranteed year of his initial three-year contract as manager, though the Royals have a club option on his services for the 2026 season.  J.J. Picollo has also completed two full seasons as the team’s general manager since being elevated to top of Kansas City’s baseball ops ladder in September 2022, though his contract status in the wake of that promotion wasn’t known.  Regardless, it doesn’t seem like either is going anywhere, and extensions could be in order since the Royals enjoyed an 86-win season and a return to the playoffs last year, including a wild card series win over the Orioles.

Tigers: Likewise, Detroit is also coming off a playoff appearance and a wild card series victory, as a magical late-season surge left the Tigers just one game short of the ALCS.  It is therefore safe to assume that president of baseball operations Scott Harris has plenty of job security, and while his contract terms aren’t known, it is probably safe to assume Harris received more than a three-year guarantee when he was hired in September 2022.

Twins: Some larger-scale changes could be afoot in Minnesota since the Pohlad family is exploring selling the Twins, and some shuffling in the front office has already taken place, with president of baseball ops Derek Falvey also becoming the president of business operations and Jeremy Zoll replacing Thad Levine as general manager.  Falvey’s previous deal was up after the 2024 season so obviously he signed an extension, but while manager Rocco Baldelli’s previous extension is known to have run through at least the end of the 2025 campaign, it is unclear if the coming season is the final year of that deal.  If Baldelli is indeed heading into a lame-duck year, the ownership situation might prevent the skipper from getting at least another season added to his deal, just so a new owner could potentially have a clean slate in evaluating things once they take over the team.

White Sox: This is more of a speculative entry, just because Chris Getz’s contract terms weren’t released when he was named Chicago’s general manager in August 2023.  A GM wouldn’t normally be considered to be on the hot seat so soon after being hired, nor are immediate results expected since the White Sox are quite obviously going through a hefty rebuild.  While nobody expected the Sox to contend in 2024, however, there’s a difference between just being a losing team and having a league-record 121 losses.  Another embarrassment of a season might give owner Jerry Reinsdorf second thoughts about Getz’s stewardship of the rebuild effort, or the possibility exists that Reinsdorf could sell the team, which should shake the organization up entirely.

Yankees: Aaron Boone quieted some of his critics when the Yankees both returned to the postseason, and captured the first AL pennant of Boone’s seven-year stint as the Bronx manager.  This result led the Yankees to exercise their club option on Boone’s services for 2025, and while no negotiations had taken place about a longer-term deal as of early November, it stands to reason that some talks will take place before Opening Day.  Then again, Boone’s current deal wasn’t signed until after he’d already completed the final season his previous contract, so it could be that the Yankees will again play wait-and-see.  There isn’t much sense that Boone is in jeopardy, and while expectations are always high in New York, ownership’s loyalty to Boone through some relative lean years would make it unusual if he was let go so soon after a World Series appearance.

Yankees Sign Paul Goldschmidt

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The Yankees officially announced the signing of Paul Goldschmidt to a one-year contract. The Excel Sports Management client is reportedly guaranteed $12.5MM.

Nightengale describes the Yankees’ pursuit of Goldschmidt this week as aggressive, though he notes they were also in talks with Christian Walker before he signed with the Astros. Carlos Santana was another first baseman New York reportedly considered. The Yankees had also been linked to Pete Alonso earlier in the offseason, but Ken Rosenthal of The Athletic reported that they were “increasingly likely” to opt for a less expensive first base signing.

Indeed, Goldschmidt’s $12.5MM salary is well below the three-year, $60MM guarantee Walker received from Houston and the five-year, $125MM deal MLBTR predicted for Alonso. It’s also below the one-year, $15MM pact we predicted for Goldschmidt when we ranked him at no. 35 on our Top 50 Free Agents list.

Goldschmidt, 37, was a free agent for the first time in his career. Drafted by the Diamondbacks in 2009, he made his big league debut with Arizona in 2011. After a strong start to his MLB career, he signed an extension with the D-backs that kept him under team control through the 2019 season. Upon being traded to the Cardinals in 2019, he signed another extension that ran through 2024. Through those years with Arizona and St. Louis, Goldschmidt was one of the best players in baseball. He made seven All-Star teams, won five Silver Sluggers, and earned NL MVP honors in 2022. Over 1928 career games, he has slashed .289/.381/.510 with 362 home runs and a 139 wRC+.

Since his MVP season in 2022, Goldschmidt has taken a few steps back. His .810 OPS and 122 wRC+ in 2023 were more good than great, while his .716 OPS and 100 wRC+ in 2024 were merely league average. That’s not an encouraging trend for a first baseman entering his late thirties. However, Goldschmidt’s underlying numbers in 2024 offer a little more promise. His .308 batting average on balls in play was well below his career average of .343. Similarly, his .310 wOBA was noticeably worse than his .329 xwOBA. A .329 wOBA still would have been the worst of his career, but it also would have been significantly better than league average. Finally, Goldschmidt’s second-half performance was vastly superior to his first-half effort. Through the All-Star break, he was slashing .230/.291/.373 with an 87 wRC+. From the break onward, he hit .271/.319/.480 with a 120 wRC+.

The Yankees are surely hoping Goldschmidt looks like his second-half self throughout the 2025 season. However, even his mediocre full-season numbers would be a big upgrade over what the Yankees got from their first basemen in 2024. Yankees first basemen ranked last in MLB in OPS (.619), second-to-last in wRC+ (76), and 26th in FanGraphs WAR (-1.1). If Goldschmidt can simply repeat his 2024 campaign, the Yankees would get a big boost over the combination of Anthony Rizzo, Ben Rice, and DJ LeMahieu. That will be especially true against left-handed pitching. Goldschmidt slashed .295/.366/.473 with a 134 wRC+ against lefties this past season. Meanwhile, New York’s offense was significantly worse against lefties than righties. Goldschmidt should be a big help in that department.

On the defensive side, Goldschmidt, a four-time Gold Glove winner, will undoubtedly play first base for the Yankees. That will push recent trade acquisition Cody Bellinger into the outfield. It always seemed likely that Bellinger would play the outfield in New York, but manager Aaron Boone suggested earlier this week that first base was still an option. It’s safe to say that option is now off the table.

If the Yankees are still looking to add another bat, third base could be the next avenue they turn to for improvement. Jazz Chisholm Jr. took over at the hot corner after the trade deadline in 2024, but second base is his natural position. By sliding back to second, he could give the Yankees more flexibility to seek an upgrade in the infield. Some intriguing options at third base include free agent Alex Bregman and trade candidate Nolan Arenado. The Yankees have already expressed interest in both players.

Adding either Bregman or Arenado would likely push the team’s payroll above last year’s final estimate of $303MM (per RosterResource). It would also put them above the highest tier of the luxury tax once again. Although it wouldn’t be surprising to see the Yankees run such a high payroll in 2025, it’s worth keeping in mind that even the Steinbrenner’s have their spending limits. Chairman Hal Steinbrenner said earlier this year that the team’s current payroll is “simply not sustainable for us financially.” The fact that the Yankees were outbid for Juan Soto and that they were seeking a less expensive first baseman like Goldschmidt further suggests that GM Brian Cashman is working under payroll constraints. Those constraints could impact how the team operates for the rest of the offseason.

Jack Curry of the YES Network first reported the Yankees and Goldschmidt had agreed to a one-year deal. Bob Nightengale of USA Today was first on the salary.

Image courtesy of Imagn.

Yankees Sign Brennen Davis To Minor League Deal

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The Yankees have signed outfielder Brennen Davis to a minor league deal, as reported by Aram Leighton of Just Baseball. It’s not clear whether or not the deal includes an invite to big league Spring Training.

Davis, 25, has not yet made his big league debut but was a consensus top-100 prospect for many years. A second-round pick by the Cubs in 2018, Davis broke out at the age of 19 in 2019 with a with a .305/.381/.525 slash line in 50 games at the Single-A level. Following the cancelled minor league season in 2020, Davis got the bump to High-A to start the 2021 season but lasted just eight games at the level before being promoted to Double-A. After hitting a solid .252/.367/.474 for the Cubs’ Tennessee affiliate in 76 games, Davis got his second promotion of the year with a late-season cup of coffee at Triple-A, where he impressed with a .268/.397/.536 slash line in 16 games.

After dominating at every level of the minors during his age-21 season, Davis became a consensus top-20 prospect in the sport and appeared to be on the verge of a Wrigley Field debut. Unfortunately, 2022 was not kind to the youngster as he struggled badly in 22 games at the Triple-A level before undergoing back surgery in May. He made it back to the club’s Iowa affiliate in September for the stretch run and managed a .361 on-base percentage down the stretch but hit just .188 and struggled to hit for power. Even after that disastrous 2022 campaign, Davis was still a consensus top-100 prospect in the sport and appeared poised for a rebound in 2023.

Unfortunately, that rebound never came. Davis’s 2023 and 2024 seasons have been just as injury plagued as 2022 as he contended first with core surgery and then a fractured ankle. The outfielder’s brutal 2023 numbers (.187/.296/.279 in 62 games at Triple-A) were enough to knock him off every top-100 prospect list, but he did manage to post strong numbers at Triple-A when healthy this season. In 47 games at Triple-A this year, Davis slashed .214/.359/.469 with 11 home runs in just 145 trips to the plate and a 12.7% walk rate, though his batting average was held down by a paltry .213 BABIP.

After years of injury struggles and given the club’s incredibly crowded outfield mix, the Cubs decided last month that they could no longer afford to use a 40-man roster spot on Davis and non-tendered him. That led to him hitting minor league free agency, and he’s now caught on with the Yankees. For New York, the youngster represents a low-risk, high-reward flier who if healthy could potentially contribute to the club’s big league outfield as soon as this year. Aaron Judge and Cody Bellinger are currently locked into two of the club’s three outfield spots, but if Davis can stay healthy and prove his strong power and discipline numbers from 2024 were a return to form it’s not hard to imagine him vying for playing time alongside fellow youngsters Jasson Dominguez and Everson Pereira, the latter of whom is currently rehabbing from elbow surgery he underwent last summer.

Yankees Did Not Make Offer To Gleyber Torres In Free Agency

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Second baseman Gleyber Torres saw his first foray into free agency come to a close yesterday when he landed a one-year, $15MM contract with the Tigers. According to a report from Chris McCosky of The Detroit News, however, Torres had multi-year offers on the table that he turned down in favor of signing with Detroit. McCosky goes on to note that Torres highlighted the Nationals and Angels as teams who made offers to him before he signed with the Tigers, while the incumbent Yankees did not make him an offer.

“I’ve got great friends there, great communication with the entire organization,” Torres said of his longtime club. “I feel proud of myself for being with the Yankees for seven years, but now I’m with Detroit and just really happy they gave me the opportunity to play next year. I think they have other priorities and I’m not on the list. I’m good.”

It’s not necessarily a major shock that the Yankees opted not to make an attempt to bring back Torres. The 28-year-old joined the club prior to his MLB debut as part of the trade that sent Aroldis Chapman to the Cubs at the 2016 trade deadline and debuted with the club back in 2018. After back-to-back All-Star seasons in 2018 and ’19, Torres’s production took a step backwards. He’s slashed just .261/.332/.411 (109 wRC+) while playing average to below average defense at second base. It’s solid enough production for a big league regular but a far cry from the numbers the Yankees surely hoped they were getting when their consensus top-5 prospect in baseball posted a 123 wRC+ in the first two seasons of his big league career.

Torres actually began to look something more like his early-career self in 2023, when he slashed a strong .273/.347/.453 (120 wRC+) and put up 3.6 fWAR. Unfortunately, though, he followed that up with a lackluster 2024 season that saw his wRC+ drop down to just 104, the second-lowest figure of his career. That weak overall number is thanks in large part to a slow start to the season, as Torres hit just .215/.289/.248 in his first 32 games of the season. From May 2 onward, however, he slashed a much more respectable .268/.341/.412 (115 wRC+), including an excellent .292/.361/.419 (124 wRC+) after the All-Star break.

That strong finish wasn’t enough to save his role with the Yankees, however, as the club had already traded for Jazz Chisholm Jr. at the trade deadline over the summer. While Chisholm shifted to third base in deference to Torres down the stretch, the Yankees have eyed potential third base additions such as Alex Bregman and Nolan Arenado rather than a reunion with Torres as they consider moving Chisholm back to his natural position. Even so, Torres’s excellent numbers late in the season grabbed the attention of a few clubs aside from the Tigers, with Torres himself highlighting the Nationals and Angels as teams who showed interest in him this winter.

Both clubs were previously reported to have interest in Torres this winter, so it’s hardly a shock that either club made him an offer. With that being said, Torres’s ability to remain at his natural position of second base with the Tigers may have made them a more attractive option than either D.C. or Anaheim. The Nationals were explicitly interested in Torres as a third baseman given the presence of Luis García Jr. at the keystone, while the Angels currently have Luis Rengifo penciled in as their everyday second baseman. It’s unclear whether Angels brass were hoping to move Torres to third base as well or if they’d have instead had Rengifo take up the super-utility role he’s handled often throughout his career, but the Tigers moving Colt Keith to first base in deference to Torres surely made it easy for the 28-year-old to feel comfortable that he would be able to put his best foot forward with the club this year before returning to free agency next winter.

With Torres now off the board, the Angels and Nationals will have to look elsewhere if they hope to upgrade their infield mix this winter. Washington already landed first baseman Nathaniel Lowe in trade with the Rangers earlier this week but could also stand to make an upgrade at the hot corner. The Angels, meanwhile, have been connected to several third base options ranging from known trade candidates like Nolan Arenado and Alec Bohm to more surprising options like Diamondbacks third baseman Eugenio Suarez. Aside from those trade market possibilities, the third base market in free agency is led by Bregman but also includes lower-tier options like Yoan Moncada and Josh Rojas.

Third Base Rumors: Bregman, Arenado, Yankees, Tigers, Astros

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With the Yankees in need of infield help, both Alex Bregman and Nolan Arenado have been linked to the club this offseason, with the idea being that one would become New York’s new third baseman and Jazz Chisholm Jr. would become the full-time second baseman.  However, during an edition of the YES Network’s “Yankees Hot Stove” show earlier this week, Jack Curry said that the Bronx Bombers weren’t in on either Bregman or Arenado, and pushed back on the idea that the Yankees ever had interest in trading for Arenado.

This runs counter to last week’s report (from MLB.com’s Mark Feinsand, John Denton, and Bryan Hoch) that the Yankees offered Marcus Stroman to the Cardinals as part of a trade package for Arenado, though St. Louis rejected the deal.  As always with seemingly contradictory offseason reports, the truth could lie somewhere in the middle.  Hypothetically, it could be that New York’s interest in Arenado was limited to this scenario that would’ve seen Stroman’s salary moved off the team’s books.

Whatever the depth of the Yankees’ interest in Arenado might be, it could be a moot point if Arenado himself isn’t interested in joining the team.  The Yankees aren’t one of the six clubs (the Angels, Dodgers, Padres, Phillies, Mets, Red Sox) Arenado is reportedly willing to waive his no-trade protection to join, and Arenado has already vetoed a proposed deal to the Astros.  There was speculation that New York’s deal with Paul Goldschmidt was made in part to entice Arenado to accept a trade to the Bronx to join his old teammate, yet Curry’s report seems to close the door on that possibility.

In addition to signing Goldschmidt and Max Fried, the Yankees have also traded for Cody Bellinger, Devin Williams, and Fernando Cruz, as GM Brian Cashman has aggressively reloaded the roster after Juan Soto left to sign with the Mets.  Even with some holes left to be addressed, New York is projected (by RosterResource) for a luxury tax number of $303.2MM, and thus the team is already over the maximum penalty threshold of $301MM.

The Yankees could reduce their tax bill by trying to move Stroman or another unfavorable contract, yet the payroll situation might hint at why Arenado or Bregman aren’t (or no longer are) on the radar.  Signing Bregman would require a far higher investment than taking most or all of Arenado’s contract in a trade, plus since Bregman rejected Houston’s qualifying offer, the Yankees would need to give up two draft picks and $1MM in international bonus pool money.  Since the Bombers already paid that extra penalty to sign another qualified free agent in Fried, the club would very likely prefer to avoid further depleting its draft pool and bonus pool by adding Bregman.

If the Yankees are indeed out on Bregman, that leaves the Phillies, Blue Jays, Red Sox, Mets, and Tigers as teams known to have some level of interest in Bregman’s services this winter.  Evan Petzold of the Detroit Free Press shed a little more light on the Tigers’ link in the latest edition of the Days of Roar podcast, noting that “there has been an increase in the Tigers’ prioritization of Bregman” as the offseason has developed, with “more dialogue, more conversation” between the club and Bregman’s camp.

Heading into the offseason, Detroit was viewed as a logical landing spot for Bregman for multiple reasons — his past history with manager A.J. Hinch, the lack of long-term money on the Tigers’ books, and the perception that the Tigers were going to be aggressive in the wake of their Cinderella run to the ALDS last season.  The latter point hasn’t played out to date, as Alex Cobb’s one-year, $15MM deal represents the Motown team’s only major investment of the winter.

Bregman’s reported asking price of at least $200MM appears to be the hold-up, as the Tigers aren’t willing to spend to that level.  What remains unclear is if Detroit is willing to at least approach Bregman’s demands, or if the team is aiming lower overall.  Most of the free agents or trade targets publicly linked to the Tigers in rumors this winter (i.e. Goldschmidt, Carlos Santana, Walker Buehler, Kirby Yates, Erick Fedde, Steven Matz, Andrew Heaney, Kyle Gibson) are either already under contract on short-term deals, or would likely require only one- or two-year investments.  Apart from Bregman, Jack Flaherty and Ha-Seong Kim are the other free agents on the Tigers’ list of targets that would require bigger contracts, and even Kim’s situation is fluid due to the lingering uncertainty surrounding his shoulder surgery.

Bregman already turned down a reported six-year, $156MM offer from the Astros earlier this winter, which was the first step towards what now looks like the end of a reunion possibility between the third baseman and his longtime team.  Acquiring corner infielder Isaac Paredes in the Kyle Tucker trade left open the possibility that Bregman could still be re-signed and Paredes could play first base in Houston, but the Astros’ three-year, $60MM deal with first baseman Christian Walker has now addressed the team’s needs in the corner infield.

While not officially stating that the Astros were now out on Bregman, GM Dana Brown left things pretty clear by stating “Paredes is going to play third and Walker is going to play first” when speaking with reporters (including the Houston Chronicle’s Matt Kawahara) earlier this week.  Brown felt “the negotiations stalled” with Bregman’s camp, leaving the Astros in search of an alternative.

“I thought we made a really competitive offer and showed that we wanted [Bregman] back,” Brown said.  “But we had to pursue other options, we couldn’t just sit there.  We locked in Paredes early in that trade knowing that he could play third or first. And then when the opportunity to add another bat [Walker] came up, we just jumped on it.”

Yankees Showing Interest In Andrew Chafin

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The Yankees have interest in Andrew Chafin, reports Jon Heyman of the New York Post. New York is looking for a left-handed bullpen arm. Heyman reported earlier this week that a reunion with Tim Hill was also a possibility.

Both players are natural targets for a team that doesn’t have a single left-hander in its projected bullpen. The Yankees only have two left-handed pitchers on their 40-man roster: Max Fried and Carlos Rodón. New York has yet to add an experienced southpaw on a minor league contract either, so they’ll probably look for multiple lefties over the coming weeks.

Chafin, 34, has been a durable and generally reliable middle innings arm for a decade. He’s coming off another decent season, turning in a 3.51 earned run average across 56 1/3 innings between the Tigers and Rangers. Most of the positives came during his first few months in Detroit, however. Chafin carried a 3.16 ERA with a near-31% strikeout rate into late July. Things went downhill after a deadline deal sending him to Texas. He allowed a 4.19 ERA with the Rangers. His strikeout rate fell to 24% while his walk percentage nearly doubled to an untenable 17.9% clip.

While it wasn’t a great finish, Chafin has an extended track record. Despite middling velocity, he has fanned around 28% of batters faced in three straight years. He missed bats on a huge 15.4% of his pitches this year — the second-highest rate of his career. Chafin has walked more than 12% of opponents in consecutive seasons, reflecting command that comes and goes. He can handle hitters of either handedness, though, so he shouldn’t have an issue finding another big league contract. Chafin has been a bullpen workhorse, topping 50 innings in seven of the last eight full seasons. (He threw 49 1/3 frames in 2018.) His only injured list stint in the last four years was a two-week stay in April ’22 for a groin strain.

Chafin has signed one-year contracts — respectively valued at $6.25MM and $4.75MM — in the last two winters. Texas declined a $6.5MM club option at the beginning of the offseason. Chafin will be limited to one year and could land a base salary in the $3-5MM range.

Yankees Interested In Tim Hill

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Starters Max Fried and Carlos Rodon are the only left-handed pitchers on the Yankees’ 40-man roster, leaving the Bronx Bombers in clear need of some southpaw depth for the bullpen.  Jon Heyman of the New York Post reports that the team is considering a few left-handed relief options, including a possible reunion with Tim Hill.

After posting a 5.87 ERA in 23 innings with the White Sox, Hill was released by Chicago in June and quickly scooped up by the Yankees on a new contract.  The change of scenery worked wonders for Hill in terms of bottom-line results, as he posted a 2.05 ERA in 44 frames with New York during the regular season and then a tiny 1.08 ERA over 10 appearances and 8 1/3 innings in the playoffs.

Hill’s status as an extreme groundball pitcher can lead to such big swings in performance, as one often needs to look behind just the ERA to fully gauge the veteran lefty’s effectiveness.  Hill had an enormous .436 BABIP with the White Sox and then a .238 BABIP with the Yankees, perhaps explaining why the gap in SIERA (3.33 with New York, 4.04 with Chicago) isn’t quite as large as Hill’s ERAs would suggest.  The biggest change was improved control, as Hill had an 8.5% walk rate with the Sox and then only a 5.2% walk rate in the Bronx.

Now entering his age-35 season, Hill has a 3.99 ERA over 322 1/3 career innings across seven MLB seasons, with a 61.8% grounder rate helping overcome only a 17.3% career strikeout rate.  Those numbers naturally include a lot of success against left-handed batters, as Hill has held same-sided hitters to a .614 OPS (while right-handed hitters have a .788 OPS).  The home run ball has been an issue for Hill in the past, though he allowed just two homers over his 75 1/3 total frames in the regular season and postseason in 2024.

It was almost exactly a year ago that Hill signed a one-year, $1.8MM contract with the White Sox, on the heels of being non-tendered by the Padres.  His late-season success in the Yankees very likely means that Hill will land another guaranteed deal this winter, though his age and somewhat inconsistent track record will limit him to a one-year pact.  This limited price tag is surely a plus for a Yankees team already projected to be over the highest level of luxury tax penalization.  From Hill’s perspective, one would imagine he would also have interest in returning to the Yankees given his post-trade success, and getting another crack at winning a World Series ring.

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