Archive for December, 2008

Yankees sign Burnett to 5-year, $82.5M deal

Friday, December 12th, 2008

Free-agent right-hander A.J. Burnett has reached a preliminary agreement with the Yankees on a five-year, $82.5 million contract, joining lefty CC Sabathia in the team’s revamped rotation.

The Braves were the other team making a strong run at Burnett. It is not known whether they increased their offer to include a guaranteed fifth year.

The best news for Yankees fans? Burnett is 5-0 with a 2.56 ERA in eight career starts against the Red Sox.

Burnett signed a five-year, $55 million free-agent contract with the Blue Jays after the 2005 season, then exercised his right to opt out of the deal and become a free agent again after three years. Between the two deals, he will end up earning $113.5 million over an eight-year span.

His contract with the Yankees, unlike Sabathia’s, will not include an opt-out clause.
At one point in his career, Burnett would have not been a good candidate to pitch in New York; he was too emotional, too mercurial.

From a physical standpoint, Burnett is also in a better place. After battling elbow and shoulder problems throughout his career, he seems to have gained a greater awareness of what he needs to do to stay healthy — and what it takes to win games.

The signing of Burnett means that the Yankees will drop their pursuit of right-hander Derek Lowe, who could end up with Boston.

Meanwhile, the Yankees have given lefty Andy Pettitte a take-it-or leave-it one-year, $10 million offer to remain with the club, according to the New York Post. If Pettitte declines, the Yankees likely will pursue a pitcher at a comparable price on the open market. They have had discussions with righty Ben Sheets

IF Lopez, Diamondbacks agree to deal

Friday, December 12th, 2008

Free-agent infielder Felipe Lopez and the Arizona Diamondbacks reached a preliminary agreement on a $3.5 million, one-year contract. The deal was pending a physical, a person with knowledge of the negotiations told The Associated Press on Thursday. The person spoke on condition of anonymity because the agreement had not been finalized.

The 28-year-old Lopez, who has spent eight seasons in the majors, split this year between Washington and St. Louis. He batted .283 with six homers and 46 RBIs in 143 games.

A switch-hitter, Lopez was an All-Star shortstop in 2005 with Cincinnati. He broke into the big leagues with Toronto in 2001.

Lopez has spent most of his career at shortstop, but he played 101 games at second base last season.

The Diamondbacks agreed Wednesday with Augie Ojeda on a $712,500, one-year contract to keep the utility infielder around for a third season.

Ibanez reaches deal with Phillies

Friday, December 12th, 2008

The World Series champion Phillies have found their replacement for departing left fielder Pat Burrell. Free-agent outfielder Raul Ibanez has reached preliminary agreement with the Phillies on a three-year, $30 million contract, according to major-league sources.

The deal, pending a physical, was reached early Friday morning at the winter meetings in Las Vegas. Phillies executives and Ibanez’s agents stayed an extra day to complete the contract.
The Mets, Cubs, Nationals and Angels also were interested in Ibanez, who batted .293 with 23 homers and 110 RBIs last season for the Mariners while playing his home games at pitcher-friendly Safeco Field.

The Phillies’ preference was for a right-handed hitter to go with their two left-handed sluggers, Chase Utley and Ryan Howard. Ibanez, 36, is a left-handed hitter, but actually hit left-handers better than righties last season.

His free-agent value seemed to diminish after his previous team, the Mariners, offered him salary arbitration, thus forcing any team that signed him to forfeit a first-round draft pick.

Ibanez’s age also figured to be an obstacle in the open market; few players in their late 30s receive three-year contracts. However, Ibanez has averaged 26 homers and 113 RBIs the past three seasons, and teams value his professionalism and character.

Red Sox getting closer to Teixeira deal

Thursday, December 11th, 2008

The Red Sox are making progress in their quest to sign free-agent first baseman Mark Teixeira, according to a major-league source. A rival general manager whose plans could be affected by the Red Sox’s addition of Teixeira also indicated that a deal was getting closer.

Teixeira is the Red Sox’s No. 1 offseason target. They view him as the perfect fit for the middle of their order.

Teixeira is seeking a 10-year contract for at least $20 million per season. The Red Sox preference would be to sign him to a deal between six and eight years. He hit 33 home runs and had 121 RBIs as a member of the Braves and Angels last season. Teixeira has never hit less than 26 homers in his six major-league seasons.

Tigers to aqcuire Edwin Jackson

Thursday, December 11th, 2008

The Detroit Tigers are set to acquire right-hander Edwin Jackson from the Tampa Bay Rays for outfielder Matt Joyce, according to a major-league source.

Tampa Bay, with David Price on the way, had a surplus of starting pitching. Jackson, 25, was 14-11 this year with a 4.25 ERA.

In exchange the Rays get a 24-year-old, left-handed-hitting corner outfielder who hit 12 homers in 242 at-bats. — Ed Price

Mets acquire Putz from Seattle

Thursday, December 11th, 2008

The Mets have acquired a setup man for new closer Francisco Rodriguez — and that setup man is another closer from the American League West. Though the Mets just acquired J.J. Putz, he may not be happy going from a closer’s role to being a setup man, Ken Rosenthal says.

J.J. Putz is headed to New York in a three-team trade with the Mariners and Indians, according to major-league sources. Under terms of the deal, the Mets get Putz, outfielder Jeremy Reed and reliever Sean Green from Seattle.

The Mariners receive reliever Aaron Heilman, outfielder Endy Chavez, first baseman Mike Carp, and minor leaguers Maikel Cleto, Jason Vargas and Ezequiel Carrera from the Mets. They also get Franklin Gutierrez from the Indians.

The Indians get reliever Joe Smith from the Mets and infielder Luis Valbuena from Seattle.
From the Mets’ perspective, the deal is Heilman and Smith for Putz. Chavez and Reed are simply an exchange of backup outfielders, Smith and Green are an exchange of right-handed groundball specialists.

Putz, 31, suffered through an injury plagued season for the M’s. He worked 46.3 innings after going 71.2 in 2007 and 78.1 in ’06. Putz recorded 15 saves in 2008, but combined for 76 the two seasons prior.

Yankees trade Cabrera for Cameron

Thursday, December 11th, 2008

The Yankees are on the brink of getting his pal Mike Cameron, as well. The Yankees would trade at least Melky Cabrera to obtain Cameron, a speedy, defensively elite center fielder who hits homers, but strikes out at a high rate. A source close to the situation described a trade as “close,” but not done.

Cameron was due to make $10 million next season and the deal, according to a source, might be contingent on how much the Brewers are willing to pay of that. The source said the more that Milwaukee pays the better the pitcher they could receive in addition to Cabrera. The Post first reported that possibility of a Cameron-Cabrera swap on Nov. 6 from the GM Meetings.

Since the offseason began, Yankees GM Brian Cashman has said he plans on having Brett Gardner play center next season. But he used a similar ploy after the 2005 season by stating that Bubba Crosby would be the center fielder in 2006. However, he waited for the free-agent price to fall and then signed Johnny Damon to a four-year contract.

Cameron could make Sabathia’s transition to New York easier. He played with the Mets in 2004-05, so he knows the city. And he quickly became Sabathia’s pal in Milwaukee after the Brewers obtained him last July from the Indians. For weeks, there was a belief that Sabathia might shun the Yankees because he did not want to play in New York. But the Yankees gave him $160 million to reconsider and also will probably now give him a friend, as well.

Yankees Increase Offer to Burnett

Wednesday, December 10th, 2008

The Yankees have increased their offer to A.J. Burnett to include a fifth year, according to a major-league source. That development was first reported by ESPN.com. The offer is for $91 million, according to a major-league executive.

The team is apparently not content to stop at CC Sabathia and is in active discussions with Burnett, Derek Lowe, and Andy Pettitte.

A source told Gerry Fraley earlier Wednesday that Burnett, who is seeking a five-year deal, has an $80 million offer from the Braves. He presumably would want more from the Yankees.

The Yankees are “progressing” in their discussions with Lowe, according to a major-league source. Another source, however, says reports that the team is close with Lowe are overblown.
Lowe is expected to receive a deal for between three and five years with an average of around $17 million per year.

The Yankees could possibly sign two out of those three, though it is unclear what exact direction they will go

Braves make $80M offer to Burnett

Wednesday, December 10th, 2008

Talks between the Braves and free-agent right-hander A.J. Burnett “progressed through the night,” but the Yankees remain a factor in the Burnett discussions, major-league sources say.

The Braves are pushing hard to land Burnett, the second-most desirable starter on the market after lefty CC Sabathia, who has a preliminary agreement in place with the Yankees. The Braves made an offer of $80 million over five years, a major-league source told Gerry Fraley.

The Yankees have shown interest in every quality free-agent starting pitcher, and could opt for a three- or four-year deal with right- hander Derek Lowe or a shorter deal with Ben Sheets rather than give Burnett the five-year contract he is seeking.

Burnett, who turns 32 on Jan. 3, could benefit from a return to the National League, where he began his career with the Marlins.

Burnett is coming off an injury-free season in which he went 18-10 with a 4.07 ERA, striking out 231 in 221 1/3 innings. The 221 1/3 innings marks a career high for Burnett, who has dealt with injuries off and on throughout his 10-year career. Burnett came on strong in the second half of the season, and went at least six innings in all five of his September starts with a scant 1.82 ERA in the season’s final month.

Sabathia signs biggest deal in history for a Starting Pitcher

Wednesday, December 10th, 2008

Free-agent left-hander CC Sabathia has reached preliminary agreement on terms with the Yankees on a seven-year contract worth approximately $161 million, according to a major-league source.

Sabathia will receive an opt-out clause after three years, which was a prerequisite for him to sign with any team, not just the Yankees, according to a source. The deal is all cash and will include no deferrals. Such a clause would give Sabathia the chance for another monster payday in free agency at age 31 — and provides him with an escape if he finds the New York experience unappealing.

The deal has an average annual value of $23 million. Johan Santana’s previous record contract for a pitcher — six years, $137.5 million — had an average annual value of approximately $20.5 million after accounting for deferrals.

The contract is the largest ever awarded to a starting pitcher and the fourth-largest in major-league history, behind Alex Rodriguez’s two free-agent contracts and Manny Ramirez’s original deal with the Red Sox.

The Yankees’ first offer to Sabathia was for six years, $140 million. They added the seventh year to further distance themselves from the Brewers and other clubs interested in Sabathia.

The Brewers made the only other known offer to Sabathia — five years, $100 million with deferrals. But the Giants, Angels and Red Sox all showed varying degrees of interest in signing the pitcher.

News of an agreement between Sabathia and the Yankees was first reported by the New York Post.