One Billion Dollars

With the signing of NPB super-ace Yoshinobu Yamamoto (12 yrs, $325M) the LA Dodgers have purchased the services of the two best Japanese ballplayers on the planet. One of them is arguably already the best player in MLB. Shohei Ohtani's $700M takes the total outlay to over one billion dollars. If you laid one billion dollar bills end-to-end (a bill is about six inches in length) they would stretch 500,000,000 feet or about 95,000 miles or nearly four trips around the earth.

That's a lot of scratch!

MLB annual revenue is about $10B, and the total value of all 30 franchises is about $70B. TV rights for MLB games come in at a little under $2B annually. According to Forbes the Giants are in the top tier of wealthy clubs, rating fifth with a $3.7B valuation. The Yankees top the list ($7.1B), followed by the Dodgers( $4.8B), Red Sox ($4.5B), and Cubs ($4.1B). The hapless and unfortunate A's rate 29th ($1.1B) and the Marlins get the honor of the bottom spot ($1B).

The Giants have a lot of payroll flexibility if you assume that ownership is indeed willing to spend money. Only Logan Webb and Jung Hoo Lee have long-term deals. Mitch Haniger, Wilmer Flores, and Taylor Rogers are signed through 2025 and are free agents after that. FNG catcher Tom Murphy is signed through 2025 with a club option for 2026. The Giants have a club option on reliever Luke Jackson for 2025. That's it. Everyone else is either a free agent after the 2024 season or is still under team control (or in their arb-years).

This year's payroll is about $160M meaning they have about $47M to spend without topping the luxury tax threshold ($237M).

The Giants need a starter. I'm hoping they will still pursue Shoto Imagana. Also both Blake Snell and Jordan Montgomery are available. The Giants will need a shortstop. They'll have to work the trade market to upgrade at that position. I think they will have to trade some of their young pitching talent to make a meaningful improvement.

I really like the Lee signing but it won't be enough to compete for the Western Division title. They've still got some work to do if they want to win 90+ games.

Merry Christmas, everyone! Thanks for reading. I hope we'll have some fun news to talk about before January rolls around.

--M.C.

Backstops

The Giants signed a veteran free-agent catcher to a two-year deal with an option for a third. His name is Tom Murphy and he has just over a thousand plate appearances in the bigs (eight seasons) and over two thousand innings (261 games) behind the plate. Most recently he slashed .290/.335/.538 in 47 games (159 PA) with the Seattle Mariners. He's got some pop and is clearly going to back up youngster Patrick Bailey, the putative starter.

Blake Sabol, after surviving his rookie season and Rule 5 status, seems like the obvious backup to that tandem. Where does that leave Joey Bart? He can't stay in AAA forever. He has no options remaining either, while Sabol's three are still intact.

There's a rumor that the Giants are willing to deal some of their young arms. Will they include Joey Bart in such a deal? I'd rather they sign Shoto Imanaga or Yoshinobu Yamamoto but if they can pull off a trade for someone like Framber Valdez I won't complain. There's also talk of a reunion with Sean Manaea.

Regardless, the catcher position seems to be in good shape. The Giants have a trio of young players and added a seasoned, part-time slugger to the mix. We all know FZ likes to make lots of moves around the margins that aren't exciting but are necessary. They also added a minor-league righty named Devin Sweet to the 40-man roster.

--M.C.

Who is Lee?

Jung Hoo Lee is a left-handed outfielder from Korea. He's played for the Kiwoom/Nexen Heroes of the KBO for the past seven seasons. He's known for his glove and is a high-average/high-OBP hitter. His career line is .340/.407/.491 (884 G, 3947 PA) and he turns 26 in August.

The Giants signed Lee to a six-year, $113M deal. That should beef up the outfield!

Wikipedia lists him as Jung-hoo Lee but all the baseball sites list him as Jung Hoo Lee. I suppose rendering Korean names into American English could have a few quirks. His father is a famous Korean ballplayer as well.

This is all very exciting. Let's strike while the iron is hot! Sign Yamamoto!

--M.C.

Oh, it figures

Shohei Ohtani goes to the Los Angeles Dodgers where everyone expected him to go. The rumor about him signing in Toronto was very convincing, and it seemed like a bold move for him, but he took the safe path. (I-5 in this case.) It's a monster deal: $700 million for 10 years.

It figures. The Dodgers have the capital to blow away the competition, and that they did. The projections all said it would take a ten-year deal but they also settled on $500M. That narrowed the field to a handful of teams but LA would have none of it and simply went "all-in" to chase them away. It was Godzilla vs. a Bunch of Bambis at that point.

I was not expecting the Giants to sign Ohtani. The only thing I wanted for Christmas was that he wouldn't sign with LA. I should have expected the Dodgers to get their man all along, but I suppose I had blocked it out in hope of a better outcome.

Time for the Giants to start signing some new players, don't you think?

--M.C.