22:42: The Yankees actually made Rodon an offer, Heyman writes. Obviously, there’s still work to be done to close a deal, as Heyman says there’s a notable gap between New York’s proposal and Rodon’s asking price.
2:55 p.m.: Carlos Rodon is the clear top pitcher remaining on the open market, and despite a high asking price reportedly in the neighborhood of $200 million, several clubs continue to pursue the left-hander. Jon Heyman of the New York Post reported yesterday that the Yankees are preparing a formal offer for NJ.com’s Rodon and Brendan Kuty tweets that the Yankees seem to be Rodon’s favorite landing spot. However, Kuty adds that both the Twins and Cardinals remain “in serious play” for the southpaws as of this afternoon. Meanwhile, Susan Slusser of the San Francisco Chronicle tweets that even after agreeing to identical two-year, $25 million deals with both Ross Stripling and Sean Manaea This week, the Giants are still involved in Rodon’s market.
The twins’ interest in Rodon may depend on the upcoming decision Carlo Correa who, like Rodon, is represented by the Boras Corporation. The Athletic’s Dan Hayes suggests Correa remains the Twins’ top priority, although he adds that the team pitched to Rodon earlier in the month (Twitter thread). Given that the Giants are viewed as Minnesota’s main rivals for Correa, it’s fair to ask whether both clubs are prioritizing Correa with the intention of turning to Rodon should Correa spurn them. Having both players share the same agent makes simultaneous negotiations a smoother process.
After agreeing to a three-year deal with Free Agent Catcher Christian Vazquez As of yesterday, Minnesota expects total commitments of about $107 million for the upcoming season. That’s far less than the more than $140 million they spent on last year’s opening day roster, but not so far south of the mark that it becomes easy to imagine a scenario where both Correa and Rodon sign on to call Target Field’s home address. The twins have sparked interest in right fielder Max Kepler This winter, but even in the case of a Kepler deal, a Correa/Rodon combo would take Minnesota well over $150 million in total payroll for the first time in franchise history and likely put them in the $75-80 million range in annual commitments bind to the trio of Correa, Rodon and Byron Buxton.
The Giants, on the other hand, are about $43 million off their franchise-record opening-day payroll even after their deals with Stripling and Manaea. Equally, though, it’s difficult to see both players end up in San Francisco. The Giants are already a little north of $180 million in luxury commitments, and this pairing would likely push them into tax territory for the first time. However, the Giants have previously surpassed $200 million in wages and the only player currently signed beyond the 2024 season is Mitch Hanigerwho signed until 2025. The Giants were averse to long-term contracts under baseball operations president Farhan Zaidi, despite making hefty bids for both Aaron Richter and Bryce Harper under his guard.
As for the Cardinals, they were linked to Rodon last weekend and Kuty paints them as quite a prominent player in the bid. The cards would make for a surprise bidder as they’ve already spent $87.5 million bringing them Willson Contreras to St. Louis on a five-year contract. Signing Rodon would likely mean dishing out the biggest engagement in franchise history and boosting payroll to a level never before seen in St. Louis. The Cardinals’ current record for opening-day payroll is a little north of $163 million in 2021, but they’re already at that rough level now. It could well take Rodon over $190 million.
Back to the Yankees, they reportedly hoped to limit Rodon deals to four or five-year terms, although that probably won’t get them on the ballpark. With Judge and Cole both tied to annual commitments totaling $76 million through the 2028 season (2029 in Judge’s case), adding Rodon to the mix would require an annual budget of more than $100 million for one Require trio of players for at least the next six years. Gian Carlo Stanton is also under contract until 2027, further complicating the long-term scenario for Rodon.
Currently, Roster Resource is projecting a $266 million luxury tax book for the Yankees. They’re already willing to pay the tax for a second straight season, so they owe $6 million for the first $20 million by which they exceed the $233 million threshold and 8.5 million dollars for the next $20 million. Once they reach $273 million in luxury obligations, they would be taxed at a 75% rate, and they would be taxed at 90% on any dollars above the $293 million mark.
If one were to speculate on an AAV of as much as $30 million (which, of course, could be off a few million dollars one way or another), the Yankees would go from their currently projected $11.74 million in penalties to about $32.65 million dollars in penalties jump . In other words, they would pay approximately $21 million in taxes on top of Rodon’s actual salary for the 2023 season. Exceeding the luxury threshold by more than $40 million would also drop the Yankees’ top pick in the 2023 draft by 10 spots, and any Rodon deal would make it pretty difficult to drop below the tax limit (and third to avoid even steeper tax rates). -temporary offenders) in 2024.