Fantasy Baseball Offseason Tracker: Yuki Matsui fuels Padres’ closer intrigue; Tyler Glasnow joins Dodgers

The Dodgers have so far dominated the offseason, signing both the biggest free agent bat (Shohei Ohtani) and the biggest free agent arm (Yoshinobu Yamamoto), but there are plenty of other trades and signings still to come. Wouldn’t it be great if there was a place you could go for quick-hitting Fantasy Baseball analysis on all the biggest moves?

Well, there is, and it’s right here. Through the long, dark winter, you can count on the Offseason Tracker to keep the embers of anticipation burning, right up to the point where pitchers and catchers are reporting and Draft Prep season begins anew.

Here’s what to make of what’s happened so far …

Yoshinobu Yamamoto signs with Dodgers

2023 NPB: 17-6, 1.16 ERA, 0.86 WHIP, 171 IP, 28 BB, 176 K

Winner of Japan’s version of the Cy Young (not to mention MVP) each of the last three years, Yamamoto will earn $325 million over the next 12 years, making it the biggest contract ever for a pitcher. So is he deserving of it? Well, during that dominant three-year period, he put together a 1.42 ERA, 0.88 WHIP and 9.5 K/9, and we have a pretty good idea how his arsenal will play based on data collected during the World Baseball Classic. I’m inclined to rank him as a top-10 starting pitcher right away. Check out my full-length article for further explanation as to why.

Yuki Matsui signs with Padres

A highly successful closer in Japan, Matsui has a chance to factor into the saves mix for the Padres, who are expected to lose Josh Hader to free agency. The scouting reports are mixed. Matsui stands only 5-feet-8, struggles with control at times and sits in the low 90s with his fastball, but judging by his 1.42 ERA and 12.7 K/9 in NPB over the past three years, there must be something here. His main secondary offering is a splitter, and the contrasting movement between it and his fastball, which plays well at the top of the zone, perhaps make up for his shortcomings.

2023 NPB: 39 SV, 1.57 ERA, 0.89 WHIP, 57 1/3 IP, 13 BB, 72 K

The terms of the deal — four years, $21 million — suggest that the Padres are valuing Matsui in a high-leverage role, possibly even as closer, though it could be that he forms the left-handed component of a closing tandem with Robert Suarez, who signed a three-year, $30 million deal last offseason. As things currently stand, the 28-year-old Matsui figures to get late-round looks in leagues where saves are scarce.

The analysis for this one is almost too easy. Gurriel is remaining with the same team to fill an obvious need. The Diamondbacks were facing the prospect of starting both Alek Thomas and Jake McCarthy in the outfield with Gurriel and Tommy Pham testing the open market, but now at least one is back for 2024. Gurriel himself wasn’t a certainty to find full-time work given his right-handedness and subpar on-base skills, so by that measure, this signing is good for his Fantasy value. He also did his best work at Chase Field, batting .261 with 15 homers and an .830 OPS there compared to .262, nine and .715 on the road. He’ll make for a fine fourth or fifth outfielder in Rotisserie leagues if you’re looking for power at that stage.

Wacha’s ERA has defied projections each of the past two years, beating xFIP by more than half a run and xERA by more than a run, and venue probably had something to do with it. His ERA in San Diego this past year was 2.69 compared to 4.11 everywhere else. He should enjoy pitching in Kansas City just as much, but what he won’t enjoy is the lineup backing him, which is a far cry from what he had in San Diego. Asking Wacha to repeat a low-threes ERA was already a tall order, but mid-threes in this new environment is certainly possible. As with Seth Lugo, who preceded Wacha in going from San Diego to Kansas City this offseason, the reduced win potential lowers Wacha’s overall Fantasy appeal, dropping him outside my top 75 at starting pitcher.

The Dodgers made this deal and then immediately signed Glasnow to a five-year, $135 million deal, so they are fully bought in. Pitch for pitch, he’s as good as any starter in baseball, his 2.75 xFIP ranking first among those with at least 120 innings and his 12.2 K/9 ranking second. But there’s a reason I use 120 innings as the threshold, and that’s because the 30-year-old just set a career high with that number in 2023. Most of the time he missed last year was due to an oblique injury, but he has a history of elbow troubles, including Tommy John surgery in 2021. Pitching for the Dodgers will only further ensure he’s an ace for the time that he’s healthy — such that I’m willing to rank him in my top 10 — but it’s an upset if he makes even 25 starts.

As for the Rays, they’ve perfected the art of spinning off a soon-to-be free agent for an up-and-comer who turns out to be nearly as good, if not better. That they considered Ryan Pepiot (along with platoon bat Jonny Deluca) to be an acceptable return for a pitcher of Glasnow’s caliber speaks well of his upside. I was already fond of the right-hander, having seen him turn his biggest weakness into a genuine strength in 2023. Pepiot went from averaging 4.4 BB/9 between the majors and minors in 2022 to 1.4 BB/9 just a year later, and you see what it did for his other numbers.

Clearly, the Rays were impressed, and given their reputation for maxmizing pitcher outcomes, this trade does even more for Pepiot’s Fantasy value than Glasnow’s. His one issue during his trial last year was home runs, and Tropicana Field is better than Dodger Stadium for preventing those. More than anything, though, Pepiot is likely a rotation mainstay for the Rays while the Dodgers might have brought in other arms to compete with him. He’s RP-only in CBS Sports leagues to begin the year, but he’s worth targeting in the middle-to-late rounds of every Fantasy draft.

As Flaherty battled injuries in the years following his fourth-place Cy Young finish in 2019, when he emerged as a Fantasy ace, there was reason to hope he could return to that form if he could just hold it together long enough. Well, he basically did in 2023, and … yikes. A year of struggles split between the Cardinals and Orioles left him to sign a one-year deal with the Tigers, and while there are few better places to pitch than Detroit, venue hasn’t been Flaherty’s issue. Evan Petzold of the Detroit Free Press suggests that pitching coach Chris Fetter and assistant Robin Lund already have a plan to fix him — and it’s true Flaherty’s velocity has held pretty steady throughout his injuries — but I’ll need to see real results this spring before I think of investing draft capital in him.

Jung Hoo Lee signs with Giants

2023 KBO: .318 BA (330 AB), 6 HR, 6 SB, .860 OPS, 49 BB, 23 K

Among the stars coming out of East Asia this offseason, Lee ranks a distant second to Yoshinobu Yamamoto, but he’s the biggest bat even though he doesn’t meet the modern conventions of a “big bat.” By that, I mean he’s not really a power hitter, which is reassuring in a way since power doesn’t always translate from Japan and Korea. Lee is from the latter, where we haven’t seen as many success stories as from the former, but he’s a career .340 hitter with about twice as many walks as strikeouts over the past three years. The Luis Arraez path leaves little margin for error in Fantasy, meaning anything short of a .300 batting average will have limited appeal, but Lee should at least be of use in points leagues, particularly if he bats leadoff.

The good news is Lugo signed with a team that won’t be the least bit tempted to shift him back to the bullpen. The bad news is that team is the Royals, who won’t help him to win much. Of course, he won only eight times this past year with the Padres and was still pretty viable for Fantasy, proving that his deep arsenal of pitches (with a 3,200 rpm curveball being the highlight) could work just as well over six-inning stretches. His plus control and above-average ground-ball rate should keep his ERA respectable, particularly with where he’ll now be pitching his home games, which should ensure he’ll be slightly better than a streaming option in 12-team leagues. But this destination likely prevents him from being a trendy sleeper.

You may have thought you had seen the last of Will Smith as a closer, but you weren’t counting on him signing with the Royals, one of the few teams without a favorite to close or even a viable candidate. “Finishing games is definitely why I think Will was so attracted to us, and there’s opportunity here to do that,” GM J.J. Picollo said of the signing. Of course, Smith hasn’t actually pitched at the caliber of a closer since a two-year stint with San Francisco that ended in 2019. He’s vulnerable to the long ball and has seen his strikeouts dwindle the past couple years. He offers some clarity to a bullpen without any, but if things go too well, he’ll just get traded out of the closer role, in all likelihood. Treat him as a bottom-of-the-barrel source of saves.

Shohei Ohtani signs with Dodgers

Six years ago, Shohei Ohtani was coming to Los Angeles. Now, he’s going to … Los Angeles, this time minus the Anaheim, agreeing Saturday to a 10-year, $700 million deal with the Dodgers. As is generally the case for the biggest free agents, the implications of this signing are greater for real life than for Fantasy. Players this good aren’t subject to a role change with a new team, and their skills would typically translate anywhere. But if we were to rank the best destinations for Ohtani’s Fantasy value, the Dodgers would have been near the top of the list. For more on his new team and what matters even more for Ohtani’s 2024 value, check out Scott White’s full-length article.

O’Neill showed the extent of his upside in 2021, when he hit .286 with 34 homers, 15 steals and a .912 OPS, but he’s been a bust since then. Injuries have likely played a part — he’s gone on the IL with shoulder, hamstring, back and foot injuries during that time — but that’s hardly cause for reassurance and possibly a consequence of his stout and muscular build. For as strong as he is, he hasn’t replicated the exit velocities from that 2021 season, whether we’re talking averge or max. Fenway Park can have a transformative effect on hitters, which gives O’Neill some late-round what-if appeal, but the glut of outfielders in Boston likely also gives him a short leash. Presumably, Ceddanne Rafaela begins the year in the minors now, with Wilyer Abreu getting the bulk of the playing time in right.

While this move is clearly good for Candelario’s Fantasy value, him being a prolific doubles hitter going to the majors’ most homer-friendly park, it’s a major annoyance to anyone who’s invested in the Reds’ youth movement. Their infield was already overloaded after graduating Spencer Steer, Elly De La Cruz, Matt McLain, Christian Encarnacion-Strand and Noelvi Marte to the majors last year. If you counted five names there, you counted correctly, and that’s before factoring in holdover Jonathan India. Only one, Steer, has shown the ability to play the outfield, but unless he moves there permanently, with Encarnacion-Strand becoming a full-time DH, there wasn’t a road map for playing all six every day. Add Candelario, and whew, what a mess.

Maybe a couple of those infielders become trade bait for Dylan Cease or someone else, but if not, I’d be worried about the playing time for India, Encarnacion-Strand, Steer and Marte, in that order. And even if India and Steer are traded, their power may not translate so well to another ballpark. Kind of feels like there’s another shoe yet to drop, in which case I’m reluctant to commit to any major moves in the rankings, but those four are in a precarious spot right now. As for Candelario, Statcast estimates he would have had 30 home runs if he played every game at Great American Ball Park last year. He won’t play every game there, of course, but a possible 25-homer outcome is enough for me to move him past Alec Bohm at an already loaded third base.

There aren’t any venues more pitcher-friendly than Comerica Park, which Rodriguez is now departing, but Chase Field is closer than you think. His home/away splits were virtually identical last year anyway. The supporting cast improves with this deal, but then again, you can’t expect him to deliver much better than the 13-9 record he had in 2023. Early in the year, it looked like something might have clicked for Rodriguez — he was throwing a bit harder and using his cutter more — but then after he missed all of June with a ruptured finger pulley, it was business as usual with a 4.24 ERA over his final 15 starts. He’ll eat some innings and pile up quality starts for the Diamondbacks, but he’s still basically a back-end starter for Fantasy — more than a streamer, but not by much.

It’s clear now that San Diego wasn’t a great fit for Soto. He’s a career .231 hitter with a .783 OPS there, including .240 and .827 in what was his one full season with the Padres. Of his 35 homers in 2023, 23 came on the road, where he hit a more Soto-like .307 with a 1.026 OPS. The question is how much better he’ll get at Yankee Stadium, because he will get better — the splits tell us that much. For a complete breakdown, along with what this deal means for Michael King and the Padres, check out Scott White’s full-length article.

GM Mike Elias has already confirmed that Kimbrel will serve as the Orioles closer in 2024, calling him “one of the best closers in baseball history,” and the 35-year-old makes for a nice stopgap measure with Felix Bautista expected to spend all of 2024 recovering from Tommy John surgery. The Orioles seemed like they already had a pretty good closer alternative in Yennier Cano, but he’s not as much of a bat-misser and was pretty shaky when he stepped into the role late last August.

Cano’s Fantasy value plummets with this signing, but the Orioles would likely fall back on him if Kimbrel implodes, which isn’t an insane thought given his inconsistencies over the past few years. His stuff is still closer-caliber, but there are times when his location breaks down, and the results can be ugly, as happened in the NLCS last year. Still, given the certainty of his role, the strength of his supporting cast, and the likelihood of a big strikeout total, Kimbrel figures to be one of the top 15 relievers off the board in 2024.

This reads like the Red Sox ridding themselves of a headache since none of the three pitchers they got back is a notable name in prospect circles, but Verdugo is a player of some consequence in Fantasy. Going to Yankee Stadium is always a good thing for a left-handed hitter, but maybe less for him since he tends to hit balls more on the ground and up the middle. His xHR at Yankee Stadium the past two years is 32 vs. the 24 he actually hit, but the entire disparity is from 2022 (it was actually negative in 2023). It’s reason to hope for closer to 20 homers than 15 (not that he’s ever quite achieved that lesser mark) and puts Verdugo in consideration to be one of the top 40 outfielders drafted in 2024

Fedde was a pretty good prospect back in the day, but he got enough chances for the Nationals from 2017 through 2022 that it hardly seems relevant now. What is relevant is how he lit up the Korean league in his one year there, going 20-6 with a 2.00 ERA, 0.95 WHIP and 10.4 K/9 to win the league’s equivalent of both Cy Young and MVP. It’s a lesser league, of course, but it’s the same one where Merrill Kelly revitalized his career with numbers that weren’t nearly as impressive as Fedde’s.

It may be that the league was more a backdrop to showcase Fedde’s changes rather than instill them. He spent last offseason at the PUSH Performance workout facility remaking both his mechanics and arsenal, adding a sweeper and split-change that White Sox pitching advisor Brian Bannister compared to Logan Webb’s. More than anything, Webb stands out for his 62.1 percent ground-ball rate, tops among qualifiers last year. Fedde’s rate in Korea was 70 percent. It’s anybody’s guess how those changes will translate to the majors, but make no mistake: they are considerable changes. And given the precedent of pitchers like Kelly, whose time overseas was a total game-changer, I’d be surprise if Fedde lasted into the late rounds on Draft Day.

The Braves also acquired left-hander Marco Gonzales (later flipped to the Pirates) and first baseman Evan White in what was mostly a salary dump for the Mariners, who received right-hander Jackson Kowar and pitching prospect Cole Phillips in the deal. The big name here, though, is Kelenic, who was regarded as one of the top prospects in baseball just a couple years ago. His stock is obviously down after three years struggling to make contact at the big-league level, but the 2023 version was the best we’ve seen so far — one who wasn’t an automatic out against left-handers and sliders.

Joining the Braves lineup takes some pressure off, and it’s too early to say the 24-year-old is a finished product. Braves GM Alex Anthopoulos has already confirmed that the Braves plan to play Kelenic in left next year, possibly in a platoon with Vaughn Grissom. The deal may renew interest in Kelenic as a late-round flier in five-outfielder leagues, though the burnout the Mariners experienced with him is shared by many Fantasy Baseballers.

Jackson Chourio signs long-term deal

Chourio of course doesn’t change teams with his eight-year, $82 million deal with the Brewers, but it’s no less worth mentioning here for the impact it has on his 2024 value. The 19-year-old (he’ll turn 20 before opening day) is now a near shoo-in to make the team out of spring training. There are no longer any service time ramifications to consider, and if he’s not with the Brewers from the start of his rookie season, no amount of hardware he wins will score the team extra draft picks.

It’s a big leap for a player his age and likely won’t come without growing pains, but his strikeout rate dropped from 26.9 percent in 2022 to 17.8 percent in 2023 even as he ascended to the upper minors for the first time. His power/speed combo gives him superstar potential, and with outfield in a weakened state, it’s not crazy to regard Chourio as a top-20 option there right away

Severino remained in our good graces even as he threw a combined 18 innings from 2019 through 2021, and that patience seemed to be rewarded when he delivered a 3.18 ERA, 1.00 WHIP and 9.9 K/9 across 102 innings in 2022. But boy was 2023 a different story, the kind of out-and-out disaster that begs the question “why even bother?” Are the Mets the organization to change our minds? Certainly, they’re not known for performing magic tricks, but they’re willing to pay the guy $13 million for a year. And a deeper dive reveals that the characteristics of Severino’s pitches — from the velocity to the spin rate to the movement — didn’t actually change that much. He’s no more than a late-round flier at this point, but one who retains intriguing upside.

Sonny Gray signs with Cardinals

The Cardinals continue their rotation overhaul with one of the biggest prizes on the free agent market, AL Cy Young runner-up Sonny Gray. Of course, in Fantasy, Gray has long been regarded as second-tier, his occasional flashes of brilliance too often undermined by injury and inconsistency. Then again, he was pretty stable during his two-year stint with the Twins, compiling a 2.90 ERA, 1.14 WHIP and 8.9 K/9. He led all qualifiers with a 2.83 FIP in 2023 and also unveiled a new sweeper that Eno Sarris of The Athletic considers a game-changer. Still, between his past fake-outs, his so-so strikeout rate, and the fact that 2023 represented his first time crossing the 180-inning threshold since 2015, you’re better off thinking of Gray as a rotation stabilizer than a true standout in Fantasy, targeting him as your No. 3 or 4 in 12-team leagues.

Maeda’s high ERA and low innings total will likely make him an afterthought in most Fantasy drafts, but there’s upside for the Tigers to dream on. His 10.9 K/9 ranked 12th among pitchers with at least 100 innings, which is a good place to start when talking upside, and his 12.8 percent swinging-strike rate ranked 23rd. His penchant for hard contract did yield some troubles with the long ball, but moving to the venue that Statcast rates dead last for home runs over the past three years should help to mitigate that. More than anything, it’s health that will determine Maeda’s fate in 2024, and with him turning 36, there will be some bumps along those lines. But for a reminder of how good it can be, he had a nine-start stretch after returning from a triceps injury last June in which he put together a 2.36 ERA, 0.95 WHIP and 11.2 K/9.

T-Mobile Park was the single worst venue for right-handed hitters last year, according to Statcast, so at first glance, this would seem to be an upgrade for the four-time 30-homer man. But his power production was better at home than on the road the past two years, and Chase Field actually rates worse for home runs specifically. No, Suarez’s issues have less to do with his surroundings than his profile. A strikeout rate over 30 percent basically condemns him to a low batting average, and his fly-ball and pull tendencies, while allowing for big home run totals at times, only make it worse. He’s best used as a corner infielder in Rotisserie leagues. His arrival at third base does close one potential path to at-bats for prospect Jordan Lawlar, but the 21-year-old’s future is likely at shortstop anyway.

Normally, the signing of a middle reliever — even one of Lopez’s ilk — wouldn’t merit a mention here, but word is that the Braves plan to stretch him out as a starter this spring. It’s unclear whether it’s a contingency measure or Plan A for Lopez — the rest of the Braves’ offseason maneuvering may ultimately determine which — but it’s a noteworthy development for a pitcher who hasn’t been a full-time starter since 2020. The will-be 30-year-old struggled in his years as a starter before finding success in relief, gaining a couple ticks on his fastball while doing away with his changeup and curveball. The Braves must see some untapped potential here, though, and if he indeed holds down a rotation spot for them, the win potential alone would make him a potential Fantasy asset.

Lynn has had a nice career and goes back to where it all started in St. Louis. Unfortunately, he’s clearly on the downside of it now, having struggled to get his ERA below 6.00 last year. A move to the Dodgers at the trade deadline didn’t do much to improve his standing, and if they can’t straighten him out with all they’ve done to reclaim other veteran pitchers, then it’s hard to imagine the Cardinals will. Lynn can still deliver a decent strikeout total on occasion, but given how susceptible he was to blowups in 2023, you should think of him as more of a risk/reward streamer than a staple for your Fantasy staff in 2024.

This seven-year deal ensures the status quo for a player who, frankly, could have done with a change. Nola is coming off his second year in three with an ERA around 4.50, and a new team might have offered more reason for optimism in 2024. Of course, there are other reasons to believe he could bounce back. A look at the game log shows no shortage of brilliant starts — the kind only accessible to aces, more or less — and he showed improvement in the postseason, apparently making a mechanical adjustment to help him locate on the edges of the plate better. We know now his home runs issues are recurring, though, which should discount him slightly on Draft Day despite his ace potential.