As the offseason continues to trundle along, here are three things we’ll be keeping an eye on around the baseball world throughout the day today:
1. Imanaga contract to be finalized:
Left-hander Shota Imanaga reached an agreement with the Cubs last night, as first reported by USA Today’s Bob Nightengale, but there’s still plenty of information surrounding the deal that’s yet to come to light. The deal is pending a physical, which is expected to happen today. In addition to Imanaga’s physical, today could bring clarity regarding the specific terms of the arrangement between the sides. Reporting has indicated that the deal guarantees Imanaga just $30MM over two years and involves a complex series of options as well as incentives that could bring the total guarantee to around $80MM over a longer term.
More complex contract structures have become more commonplace in recent years with examples ranging from San Diego’s arrangement with right-hander Michael Wacha last year to superstar outfielder Julio Rodriguez’s extension with the Mariners. Even so, it’s something of a surprise to see Imanaga agree to a two-year commitment. Many in the industry believed he’d surpass Kodai Senga’s five-year deal with the Mets, and ESPN’s Jeff Passan wrote just last week that some executives around the sport expected the left-hander to top $100MM. MLBTR predicted a five-year, $85MM deal for the left-hander heading into the offseason.
2. Jordan Hicks’ market:
Right-hander Jordan Hicks is perhaps the best right-handed relief option on the market and arguably the market’s second-best bullpen arm behind relief ace Josh Hader. It appears the bidding for the flamethrowing righty’s services may be gaining steam, as Jon Heyman of the New York Post indicated yesterday evening that the market for Hicks has begun to pick up. Hicks has been connected to plenty of teams this offseason including the Yankees, Astros, Rangers, Red Sox, and Angels. Hicks, whom MLBTR predicted would land a deal worth four years and $40MM this offseason, combined a 28.4% strikeout rate with a 58.3% groundball percentage and would be a strong addition to virtually any club’s late-inning mix. Will the movement on his market lead to a signing in the near future?
3. Llovera exiting DFA limbo:
Red Sox right-hander Mauricio Llovera was designated for assignment back on January 3 to make room for fellow righty Lucas Giolito on the club’s 40-man roster. Today marks one week since Llovera was DFA’d, meaning a resolution is expected sometime today. The right-hander, 28 in April, made his big league debut with the Phillies back in 2020 and since then has spent time in the Giants and Red Sox organizations with a career 5.80 ERA and 5.29 FIP in 59 career big league innings.
While those numbers are nothing to write home about, it’s worth noting that he’s excelled in Triple-A in recent years, with a 2.82 ERA and 25.9% strikeout rate at the level since the start of the 2021 season. If a team is sufficiently intrigued by that performance, they could claim him on waivers and add him to their own 40-man roster. Should the Red Sox manage to sneak him through waivers, they’ll have the opportunity to assign him outright to the minor leagues where he can act as non-roster depth for Boston headed into the 2024 campaign. Llovera has previously been outrighted, however, giving him the right to reject a second outright assignment in favor of free agency.