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Free Agency and Trades
Breaking Down the Roy Halladay, Cliff Lee Trade PDF Print E-mail
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Free Agency, Trades, and Signings
Written by Maury Brown   
Thursday, 17 December 2009 01:47
Roy Halladay
Cliff Lee

At its conclusion, the deal that brings Roy Halladay from the Blue Jays to the Phillies, and Cliff Lee from the Phillies to the Mariners, wound up involving four teams. How did the historic deal in which 2 Cy Young winners were swapped on the same day look? Here’s the breakdown:

Discussions Started Months Ago

According to The Associated Press, new Blue Jays GM Alex Anthopoulos began looking to move Halladay months ago. According to the report, Mariners GM Jack Zduriencik spoke to Phillies GM Ruben Amaro Jr. at last week's winter meetings -- and even in the Indianapolis airport as both GMs were leaving town.

Amaro reportedly said to Jack Z, "If I'm able to do Halladay, would you be interested in having Cliff Lee?"

Halladay + $ = Phillies

The trade starts in Toronto where the Blue Jays send, not only ace pitcher Roy Halladay to the Phillies, but $6 million in cash. The extra cash has extra weight further into the complex deal

Phillies Send Prospects to Blue Jays

In exchange for Halladay, the Phillies send top prospects in catcher Travis d'Arnaud, right-hander Kyle Drabek and outfielder Michael Taylor.

Blue Jays Flip Taylor for Wallace with A’s

The Athletics add the fourth dimension to the blockbuster deal when the Blue Jays immediately flip the newly acquired Michael Taylor for the A’s third baseman Brett Wallace.

Halladay’s Extension

As soon as Halladay was sent to Philly, the club offered him an extension that, based on the Joint Exhibit One, looks as follows:

  • $15.75 million for the 2010 season
  • $20 million annually from 2011-13
  • $20 million option for 2014 that becomes guaranteed if he meets all three of the following: pitches 225 innings in 2013, pitches 415 innings combined in 2012 and 2013 and is not on the disabled list at the end of the 2013 season.

Lee Sent to Seattle

A large part of the Phillies reasoning for sending Cliff Lee to Seattle involves the fact that he has one-year and $9 million remaining on his contract. The Phillies believed that Lee would look to test free agency next winter, and therefore, was looking to get prospects in return, as opposed to nothing, should he head for free agency.

The difference between the Lee’s $9 million and Halladay’s $15.75 million for next year gets almost completely absorbed by the $6 million in cash the Blue Jays send to the Phillies as part of the deal for Halladay.

Mariners Send Prospects to Phillies

In exchange for Cliff Lee, the Mariners send right-hander Phillippe Aumont, outfielder Tyson Gillies and right-hander Juan Ramirez to the Phillies.


Maury BrownMaury Brown is the Founder and President of the Business of Sports Network, which includes The Biz of Baseball, The Biz of Football, The Biz of Basketball and The Biz of Hockey. He is available for hire or freelance. Brown's full bio is here. He looks forward to your comments via email and can be contacted through the Business of Sports Network.

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Transaction Action: Juan Pierre traded to White Sox, Halladay Deal Completed PDF Print E-mail
Free Agency, Trades, and Signings
Written by Maury Brown   
Tuesday, 15 December 2009 11:49

MLBThe Hot Stove continues to burn at near white hot levels on Tuesday. Here’s what’s up before noon:

Dodgers Trade Juan Pierre to White Sox

Tim Brown of Yahoo! Sports is reporting via Twitter that Juan Pierre has been traded from the Dodgers to the White Sox for two minor-leaguers and cash. The deal has the Dodgers picking up a large chunk of the contract. ESPN.com’s Buster Olney reports via Twitter that Pierre will cost the White Sox $3 million in ‘10 and $5 million in ’11, with the Dodgers picking up $10.5 million of the last $18.5 million of Pierre’s contract.

Halladay Deal Complete. Will Get 3/$60M Extension

The blockbuster trade that sees Roy Halladay going to the Phillies continues to move toward completion. Buster Olney reports via Twitter that the deal with Halladay is complete, while Jon Heyman of SI.com also reports via Twitter that Halladay will receive a $60-million, 3-year extension with 2 vesting options from the Phillies.

 


Maury BrownMaury Brown is the Founder and President of the Business of Sports Network, which includes The Biz of Baseball, The Biz of Football, The Biz of Basketball and The Biz of Hockey. He is available for hire or freelance. Brown's full bio is here. He looks forward to your comments via email and can be contacted through the Business of Sports Network.

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Transaction Action: Matsui, Halladay, Lee, Lackey, More PDF Print E-mail
Free Agency, Trades, and Signings
Written by Maury Brown   
Monday, 14 December 2009 20:07

MLBThe Hot Stove was relatively cold last week at the Baseball Winter Meetings, but on the Monday after the meetings, things have kicked into high gear. Here’s what’s happening today, and what’s on the radar:

Angels Reach Agreement for Matsui

According to Jayson Stark of ESPN, The LA Angels have been in serious discussions with Arn Tellem for World Series MVP Hideki Matsui to serve as DH. Buster Olney reported via Twitter earlier today that the offer is reportedly for one-year, $6.5 million. Now, Tyler Kepner confirms via Twitter that an agreement has been reached. If the Matsui deal is completed, it would mark the end of the Vladimir Guerrero era with the Angels.

Halladay, Lee Involved In 3-Way Deal with Phillies, Mariners, and Jays

Last season, the Phillies were working to land pitching ace Roy Halladay from the Blue Jays. J.P Ricciardi nixed that deal, so the Phillies went after the Indians’ Cliff Lee. The deal turned out well for the Phillies, who got solid work out of the starter. Now, the Phillies will get the starter they wanted in the first place.

According to Rosenthal and Morosi of FOXSports.com, the three-way deal will send Halladay to the Phillies, Lee to the Mariners. The Mariners will send Phillipe Aumont — a Canadian right-hander — to Toronto, and “outfielder Michael Saunders and right-hander Brandon Morrow were also among the Seattle prospects in play.” It’s not clear how many total players the Mariners will throw into the deal to complete it. Rob Maaddi of The AP is reporting that Halladay is in Philadelphia for a physical to complete the deal.

Red Sox, Lackey Agree On 5-Year/$85 Million Deal

Jon Heyman of SI.com is reporting that the Red Sox have offered top free agent pitcher John Lackey a deal worth five years, $85 million. That deal would be inline with the 5/$82.5 million deal that A.J. Burnett got last year from the Yankees.

Lackey ranked 11th in the AL in ERA, 14th by WHIP, and 18th by BAA.

Rosenthal reports that Lackey has had his physical.

The Red Sox rarely give 5-year deals, especially for pitchers. It will be interesting to see how the deal plays out.

$29.75M Deal for Randy Wolf Completed by Brewers

The three-year, $29.75 million deal between Randy Wolf and the Brewers has been completed, according to Colin Fly of The AP. The contract details involve $9.25 million next year and $9.5 million in each of the following two seasons. The deal includes a $10 million club option for 2013 with a $1.5 million buyout. He can make an additional $250,000 a year in performance bonuses: $125,000 each for 190 and 200 innings. He has a limited no-trade clause and would get $250,000 each time he’s dealt.

In other news…

According to MLB.com, the Brewers plan to resign Claudio Vargas.

Alyson Footer reports via Twitter that the Astros have resigned Jason Michaels to a one-year, $800,000 contract, with a club option for ‘11

Tom Hardicourt tweets that the Brewers have signed Craig Counsell to a one-year deal with Brewers pays $2.1 million with another $500,000 in incentives for games played.

The AP reports that the Nationals and LHP Scott Olsen have reached a one-year deal for $1 million. The contract includes performance bonuses that allow Olsen to earn a total of $3,825,000 if he makes 33 starts next year.

Jorge Arangure of ESPN reports via Twitter that the Blue Jays have signed Ramon Castro to a one year deal worth near $1m


Maury BrownMaury Brown is the Founder and President of the Business of Sports Network, which includes The Biz of Baseball, The Biz of Football, The Biz of Basketball and The Biz of Hockey. He is available for hire or freelance. Brown's full bio is here. He looks forward to your comments via email and can be contacted through the Business of Sports Network.

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39 Players Non-Tendered, Now Free Agents PDF Print E-mail
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Free Agency, Trades, and Signings
Written by Maury Brown   
Sunday, 13 December 2009 14:17

MLBWith the midnight ET deadline passing, a total of 39 players were non-tendered this year, and therefore become free agents.

Clubs must offer contracts to players on its roster by December 12 for them not to become non-tendered. In general, an offer may not be less than 80% of the player’s salary and performance bonuses the previous year or less than 70% of his salary and performance bonuses from two years earlier.
If a club has no interest in keeping a particular player, the club may choose to non-tender him, or to not offer him a contract. A player generally becomes a candidate to be non-tendered when he is arbitration-eligible and his club determines he is not worth the salary he might command in arbitration. A player who is non-tendered becomes a free agent and may sign with any of the 30 Major League clubs, including his former team, at any price.

This year’s class of 39 players is an increase from 35 at last year’s deadline, and increase of 11 percent.

Key players that were non-tendered include Chien-Ming Wang, Garrett Atkins, Alfredo Amezaga, and Ryan Church.

The Mets had the most players non-tendered this year (4).

Select Read More to see the complete listing of non-tendered players for 2009

Read more...
 
Winter Meetings Buzz: Chone Figgins Officially with the Mariners PDF Print E-mail
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Free Agency, Trades, and Signings
Written by Maury Brown   
Tuesday, 08 December 2009 17:00

Baseball Winter Meetings

THIS IS BREAKING NEWS…

The Seattle Mariners have just officially announced the Chone Figgins deal at the Baseball Winter Meetings.

The deal is a four-year, $36 million deal that includes a vesting option for 2014 that could push the contract value to approx. $45 million.


Maury BrownMaury Brown is the Founder and President of the Business of Sports Network, which includes The Biz of Baseball, The Biz of Football, The Biz of Basketball and The Biz of Hockey. He is available for hire or freelance. Brown's full bio is here. He looks forward to your comments via email and can be contacted through the Business of Sports Network.

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MLB Free Agent Buzz: Blue Jays Resign McDonald, Now Get Alex Gonzalez PDF Print E-mail
Free Agency, Trades, and Signings
Written by Maury Brown   
Thursday, 26 November 2009 14:41

Blue JaysThe free agent market hasn’t been on fire, but the Toronto Blue Jays are making moves:

Wednesday, the club resigned free-agent infielder John McDonald to a 2-year, $3 million contract that will see annual payments of $1.5 million over the life of the contract.

Today, Ken Rosenthal of FOXSports.com reports that free agent shortstop Alex Gonzalez will not be returning to the Red Sox after reaching a one-year deal with the Jays. “The contract is worth $2.75 million dollars for the 2010 season with a club option for $2.5 million in 2011, the team announced Thursday.”


OTHER NEWS FROM THE BUSINESS OF SPORTS NETWORK

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Maury BrownMaury Brown is the Founder and President of the Business of Sports Network, which includes The Biz of Baseball, The Biz of Football, The Biz of Basketball and The Biz of Hockey. He is available for hire or freelance. Brown's full bio is here. He looks forward to your comments via email and can be contacted through the Business of Sports Network.

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Free Agent Buzz: Bay, Lackey, Holliday, Chapman PDF Print E-mail
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Free Agency, Trades, and Signings
Written by Matthew Coller   
Sunday, 22 November 2009 19:53
Matt Holliday
Matt Holliday is a key free agent this
off-season

Outfielder Jason Bay had until 11:59 p.m. Thursday to re-sign with the Boston Red Sox. To no one’s surprise, Bay didn’t budge, electing to test the market. SI.com’s John Heyman reported that the Sox offered Bay four-years, $60 million. Heyman predicted Bay to pull in around $85 million. We get the feeling that for awhile, it’s going to be all speculation. So, with that The Biz of Baseball takes a look at the free agent buzz on Bay and other top free agents:

Newsday reported that the New York Mets are “Big Name Hunting.” Here’s what Newsday writer David Lennon said about the Mets plans:

Despite the price, the Mets understand they can't afford to come up empty, not after three straight seasons of missing the playoffs and then watching the Yankees win the World Series this year. Other than Lackey, the only marquee names are Matt Holliday and Jason Bay, so the choices are limited.

It just remains to be seen how many teams are as desperate as the Mets, who are eager for a quick fix - or at least the appearance of one. The good news is that the Yankees seem uninterested in the same players and that could keep the prices reasonable. The bad? The Red Sox are likely to be the main competition instead.

St. Louis Post Dispatch columnist Bernie Miklasz offers solutions in negotiating with super-agent Scott Boras concerning outfielder Matt Holliday in his piece “It’s best to ignore Scott Boras’ bombast.” Miklasz says:

But this isn't really about winning — unless we're talking about the real Boras goal here, which is winning the biggest jackpot. Boras wants a Mark Teixeira deal — eight years, $180 million — for Holliday.

The Cardinals need to wait this out. Hold steady. There is no rush; Boras is in no hurry. Boras plans to slow-play these negotiations, calmly spinning a web until he can lure a GM or owner into his trap. Boras only needs one patsy to make this click.

All it takes is one nervous GM or owner to lunge for the Boras bait. And if that one sucker steps up, Boras will exploit their interest for every last dollar. And if Boras finds a malleable dupe, someone willing to wildly overpay, then the Cardinals are out of it.

The Sporting News reported that the Washington Nationals would like to take a shot at free agent pitcher John Lackey:

The team's Web site reports the Nats want Lackey to be their ace and to mentor the club's young starters, such as left-handers John Lannan and Ross Detwiler and right-hander Stephen Strasburg.

Washington will face stiff competition for Lackey. The Angels would like to re-sign him, and high-profile teams such as the New York Yankees, Boston Red Sox and New York Mets, among others, are expected to make offers. Teams other than the Angels can discuss financial terms with Lackey's agent beginning Friday.

Nationals general manager Mike Rizzo said during the season that he would look to acquire a veteran starter this winter, and he laid out what he's looking for in a staff leader.

Yahoo! Sports via the Los Angeles Times reported this week that John Lackey has a plethora of teams looking his way:

Lackey supposedly wants to sign a deal worth more than $100 million and has interest from the Seattle Mariners, Milwaukee Brewers, Boston Red Sox, New York Mets, and New York Yankees. Figgins is likely to sign a deal for half of that and his suitors supposedly include the Philadelphia Phillies, New York Mets, Chicago White Sox, and Chicago Cubs.

Another source of buzz has been Cuban pitcher Aroldis Chapman. The left-hander was named fourth best free agent by Yahoo! Sports. As expected, the usual suspects looking in his direction. So far, the Seattle Mariners have expressed interest, as have the Boston Red Sox, while the Chicago Cubs, White Sox and Atlanta Braves have denied any interest. The Detroit Tigers, St. Louis Cardinals and Baltimore Orioles are also in the mix.

Here are some links to stories about Chapman from the Seattle Times, MLB.com, Chicago Tribune

Unfortunately for those obsessed with the Hot Stove, it seems very little will be hashed out before Santa Claus shows up. Remember, it wasn’t until Dec. 23 of last year that Mark Teixeira signed with the Yankees. But, C.C. Sabathia signed on Dec. 10 and the Astros signed Carlos Lee on Nov. 24. So, even though we have no way of predicting, why not try?


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Matthew Coller is staff member of  the Business of Sports Network and is a freelance writer. He can be followed on Twitter

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Final Free Agent Count: 171 Players Elect, Market Opens at Midnight PDF Print E-mail
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Free Agency, Trades, and Signings
Written by Maury Brown   
Thursday, 19 November 2009 16:43

MLBAt midnight tonight, MLB's free agency market opens, albeit a market that by all accounts, will be slow and lack much punch.

The biggest reason is the lack of heavy interest by the Yankees, such as they did last year going after C.C. Sabathia, A.J. Burnett, and Mark Teixeira, which fueled the market. Throw in that fact that there are very few key that elected for free agency, and it may be a less than stellar class.

What will be interesting is seeing how the trade market goes, but that's for later.

Select Read More to see the complete listing off 171 players that elected for free agency in the 2009 off-season by Elias ranking, position, team, and the date that the player elected free agency.

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J.J. Putz, Carl Pavano Enter Free Agency PDF Print E-mail
Free Agency, Trades, and Signings
Written by Maury Brown   
Saturday, 07 November 2009 17:38

MLBOn the third day of MLB free agency filings, two more players have joined the ranks.

J.J. Putz, who the Mets declined their club option on Friday night, and the Twins Carl Pavano were officially added to the ranks today, it was announced by the MLBPA.

The two elected free agency pursuant to Article XX B (2) of the Basic Agreement. Today is the third day of the 15-day period in which eligible players may give notice of their election of free agency, which ends on Nov. 19. To date, 120 players have filed for free agency.

Here are the listings for the 79 players that filed on Day 1 the 39 players that filed on Day 2, as well as all 183 players that are potential free agents involved in the process when it started.


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Maury BrownMaury Brown is the Founder and President of the Business of Sports Network, which includes The Biz of Baseball, The Biz of Football, The Biz of Basketball and The Biz of Hockey. He is available for hire or freelance. Brown's full bio is here. He looks forward to your comments via email and can be contacted through the Business of Sports Network.

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Dye, Putz, Kearns Just Some Players in Free Agency as Clubs Decline Options PDF Print E-mail
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Free Agency, Trades, and Signings
Written by Matthew Coller   
Saturday, 07 November 2009 02:20

MLBOne day after a court denied Jamie McCourt’s request to be reinstated as Los Angeles Dodgers chief executive, left fielder Manny Ramirez decided he will not prolong comeback talks as he did last off season, announcing today he will return to the Dodgers in 2010. Ramirez’s agent Scott Boras informed Dodgers GM Ned Colletti that he would exercise his $20 million option. Last season, Ramirez hit .290 with 19 home runs and 63 RBI in 104 games. He missed 50 games due to a suspension for violating MLB’s drug policy.

Ramirez is one of few players who have the luxury of deciding whether they stay or go. Just days after the World Series, several players are already out of a job due to their club declining a 2010 option, here they are:

  • The Chicago White Sox declined their $12 million option on former World Series MVP Jermaine Dye.
  • The New York Mets declined a 2010 option on relief pitcher J.J. Putz. Putz receives a $1 million buyout.
  • The Washington Nationals declined a $10 million option on outfielder Austin Kearns. The Nationals will have to pay a $1 million buyout to end Kearns term with the team.
  • The Rockies got in on the declining action, turning down catcher Yorvit Torrealba and pitcher Alan Embree for 2010 options. Torrealba received a $500,000 buyout and Embree a $250,000 buyout.
  • The Kansas City Royals declined options on outfielder Coco Crisp, Miguel Olivo and pitcher Yasuhiko Yabuta
  • The Houston Astros declined option on pitcher Doug Brocail with $285,000 buyout
  • The Milwaukee Brewers declined option for pitcher David Weathers with $400,000 buyout
  • The Arizona Diamondbacks declined option on infielder Chad Tracy with $1 million buyout
  • The Cincinnati Reds declined catcher Ramon Hernandez 2010 option with $1 million buyout

Arizona pitcher Brandon Webb and Phillies ace Cliff Lee have been among the lucky ones, having their options exercised by the club. Webb will earn $8.5 million and Lee will make $9 million in 2010.

Several trades have taken place already this off season, here they are:

  • The Tampa Bay Rays traded second baseman Akinori Iwamura to the Pittsburgh Pirates for reliever Jesse Chavez
  • The Twins traded outfielder Carlos Gomez for Brewers shortstop J.J. Hardy
  • The Kansas City Royals traded infielder Mark Teahen to the Chicago White Sox for second baseman Chris Getz and third baseman Josh Fields

OTHER NEWS ON FREE AGENCY IN THE 2009-10 OFF-SEASON:

Vladimir Guerrero, Pedro Martinez Highlight 39 Players Filing for Free Agency on Friday

Holliday, Lackey, Highlight 79 MLB Players Opting for Free Agency

Matsui, Damon, Guerrero Highlight List of 183 Potential MLB Free Agents


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Matthew Coller is staff member of  the Business of Sports Network and is a freelance writer. He can be followed on Twitter

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