The Minnesota Twins have agreed to extend right-hander Phil Hughes, they officially announced today. Mark Feinsand of the New York Daily News first reported the deal early this morning.
Hughes will make a guaranteed $42 million over his three-year extension, which covers 2017-2019, which previously would be free agent seasons for him. He was scheduled to make $8 million over the next two years, but now will make a $1.2 million raise, making $9.2 million in 2015 and 2016. Then, Hughes will make $13.2 million through the rest of his contract in 2017, 2018, and 2019.
Essentially, this contract works out to be a five-year, $58 million. Hughes will also have a limited no-trade clause that allows him to block trades to three teams each season. Hughes' new deal includes a $200,000 bonus every year for reaching 200 innings pitched.
The Twins have been busy this offseason, as they already added to their rotation by signing Ervin Santana not too long ago. As it stand right now (according to the depth chart on the team's official site), Minnesota's rotation includes Hughes, Santana, Kyle Gibson, Ricky Nolasco, Mike Pelfrey, Tommy Milone, and Trevor May. Their staff posted the worst ERA in the bigs in 2014.
Hughes, 27, was drafted by the New York Yankees with the 23rd overall pick (1st round) in the 2004 MLB Draft. He was signed by the Twins to a three-year deal last season, making them his second team in eight seasons. He has a career 4.32 ERA in 264 games (164 starts).
Hughes lived up to his first round potential for the first time last season. He pitched in 32 starts, tossing 209.2 innings, and went 16-10 with a 3.52 ERA and a 2.65 FIP. He posted a 186 to 16 strikeout-to-walk ratio, which set the record for most strikeouts per walks in a single-season ever (one inning pitched per team game played minimum). He was worth 6.1 fWAR.
The San Diego Padres have acquired outfielder Justin Upton from the Atlanta Braves, Ken Rosenthal of FOX Sports first said on Friday.
In return, the Braves will receive a boatload of prospects. Young lefty Max Fried, second base prospect Jace Peterson, third base prospect Dustin Peterson, and outfielder Mallex Smith will go to the Padres, according to Jon Heyman of CBS Sports and Jim Bowden of ESPN. Heyman reports that the Padres will also receive a low-level prospect along with Upton.
The Padres have been really busy this offseason, acquiring Upton, Matt Kemp, and Wil Myers for their outfield, acquiring catcher Derek Norris, and signing the likes of Josh Johnson and Brandon Morrow to beef up their rotation. They have wanted right-handed power in their outfield, and the acquisitions of Upton, Kemp, and Myers represent that. At Petco Park, righty power is a weapon.
The 27-year-old Upton becomes a free agent at the end of next season, so the price the Padres paid for him may be an overpayment. They, without a doubt, will try to extend him, but he will likely test the open market for the first time in his career. Last season, Upton won a Silver Slugger, hitting .270/.342/.491 with 29 home runs and 102 runs batted in over 641 plate appearances. Upton registered a 133 wRC+.
In 192 plate appearances out at Petco Park, the power-hitting Upton has posted some really promising numbers. He has hit .291/.359/.541 with 10 homers and 19 runs batted in over that stretch. That could mean that Upton has a real good year out in San Diego this season.
But the Padres didn't get Upton for nothing. They gave up one of their top prospects, Max Fried, in order to acquire him. Fried, ranked as baseball's 55th-best prospect prior to this season (by Baseball America), posted a 0-1 record with a 5.06 ERA in 10.2 innings pitched this season. His season ended due to Tommy John surgery on August 20, as he missed most of the year with the injury.
Jace Peterson is a former 1st round pick in 2011, Dustin Peterson was their second round pick last year, and Mallex Smith was their fifth round pick in 2012. Jace Peterson appeared in the major leagues last season, while Dustin and Mallex Smith are still in the lower levels of the minor leagues.
The Braves got themselves a nice return for Upton, as they look to be in between a rebuilding phase and a contending phase. They signed Nick Markakis earlier this year, but also dealt Jason Heyward along with Upton. They seem to be in an interesting spot right now.
The San Francisco Giants have agreed to re-sign right-handed starter Jake Peavy, according to Ken Rosenthal of FOX Sports.
Peavy's deal is over two years and is worth $24 million guaranteed, ESPN.com's Jerry Crasnick reports. The deal includes a full no-trade clause. Peavy will be paid a $4 million signing bonus, making $7 million in 2015 and $13 million in 2016, according to Crasnick.
The Giants acquired Peavy this past July from the Red Sox for Heath Hembree and Edwin Escobar, where he proved to be a real valuable weapon down the stretch for them. Peavy won his second World Series in two years with the Giants this past season, after winning with the Red Sox the year prior. He is known to be a competitor and a great player to have in the clubhouse.
The 33-year-old Peavy is a 13 year MLB veteran and a two-time All-Star, being selected to the National League's squad in 2005 and 2007, and being selected to the American League's team in 2012. He won the pitching Triple Crown in 2007, while also winning the Cy Young award. Peavy went 19-6 with a 2.54 ERA and 240 strikeouts over 223.1 innings pitched.
After being traded to the Giants, Peavy completely turned around his season. He started off 1-9 with a 4.72 ERA in 124 innings with the Red Sox, but finished out 6-4 with a 2.17 ERA in 78.2 innings pitched with the Giants to finish out the season. Overall, he was 7-13 with a 3.73 ERA and 158 strikeouts in 202.2 innings pitched. Peavy registered a 1.9 fWAR this season.
Peavy re-joins a rotation that includes Madison Bumgarner, Matt Cain, Tim Hudson, Yusmeiro Petit, and perhaps Tim Lincecum. The Giants attempted to sign Jon Lester this offseason, but finished third in the sweepstakes, behind the Cubs (the eventual winner) and the Red Sox.
The San Diego Padres have acquired All-Star catcher Derek Norris from the Oakland Athletics in four player deal, reports said on Thursday.
The Padres will receive young right-hander Seth Streich and an international signing slot from Oakland to accompany Norris, while the A's are getting two right-handers, Jesse Hahn and R.J. Alvarez from San Diego. The #117 international slot is worth $144,100, via Baseball America.
The Padres have been moving a lot of catching around lately, as they have dealt Yasmani Grandal and Rene Rivera, and netted themselves Tim Federowicz and Ryan Hanigan, in those deals, respectively. (Hanigan has since been dealt, however.) While the Padres have never had a true starting catcher, Norris fills that bid quite nicely, but not without a price.
The 25-year-old Norris is under contract through the 2018 season and is still pre-arbitration eligible, as he will not be arbitration eligible until 2016. Norris posted his best season offensively in 2014, which earned him a spot on the American League's All-Star team.
Norris slashed .270/.361/.403 with 10 home runs and 55 runs batted in over 442 plate appearances last season. He registered a 122 wRC+ and a 2.5 fWAR in his 127 games played. He may have been considered a just below-average fielder, but overall, Norris is a great addition to the Padres.
The Athletics have received two good prospects in Hahn and Alvarez for Norris. Hahn posted a 3.07 ERA in 73.1 innings pitched with San Diego this past season, seeing his first big league action since being drafted in the sixth round of the 2006 MLB Draft by the Rays. Alvarez already ranks as the Athletics' 18th-best propect (as ranked by MLB.com) and posted a 1.13 ERA in eight innings with San Diego last year.
The Padres have been busy this offseason, as they look to make the postseason for the first time since winning the National League West in back-to-back years in 2005 and 2006. General manager A.J. Preller has been busy to solidify his team to get them back. Although he had to pay a medium-sized price for him, the acquisition of Norris is definitely a big one for San Diego.