Rangers take $5 million gamble on Colby Lewis' return from Japan

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Colby Lewis was one of the game’s best pitching prospects while coming up through the Rangers’ farm system, with Baseball America ranking him as their No. 32 overall prospect in 2003, sandwiched between Adrian Gonzalez at 31 and Josh Hamilton at 33.
That season he made 26 starts for the Rangers as a 23-year-old rookie, posting a hideous 7.30 ERA while opponents batted .317 with a .952 OPS in 127 innings. Shoulder surgery followed in early 2004 and Lewis didn’t return to the majors for 27 months. Over the next two seasons he was let go by the Rangers, Tigers, Nationals, A’s, and Royals while posting a 6.20 ERA in 40.2 innings as a reliever. And then that was it.
Lewis headed for Japan, but after back-to-back dominant (and healthy) seasons for the Hiroshima Carp he returned to the United States last month and has re-signed with the Rangers. Lewis inked a two-year, $5 million deal with a $3.25 million team option for 2012, and yesterday Texas general manager Jon Daniels made it clear that he’s guaranteed a spot in the rotation going into spring training:

We expect Colby to be one of five in our Opening Day rotation. This was not the development program we had in mind. It may be a little different path, but he has had a lot of success and a lot of experiences that make us feel that Colby will be a strong addition to our staff.

Lewis has the seventh-worst ERA in baseball history among pitchers with at least 200 career innings, but the former first-round pick is still just 30 years old and went 26-17 with a 2.82 ERA and exceptional 369/46 K/BB ratio over 354 innings in Japan. Had a Japanese-born pitcher posted those same numbers he’d have little trouble finding a deal for more than $5 million. For example, Kenshin Kawakami got $23 million from the Braves last offseason and Hiroki Kuroda signed with the Dodgers for $35 million two winters ago.
MLB.com’s T.R. Sullivan notes that the Yankees, Twins, A’s, and Pirates were also interested in Lewis, but his familiarity with the Rangers and a guaranteed spot in the rotation no doubt led to a Texas return. Perhaps he’ll struggle again, but if you view Lewis as simply a pitcher who performed extremely well in Japan for two years rather than a former prospect bust it certainly makes sense for the Rangers to take a $5 million risk.

Report: Rockies haven’t discussed contract extension with Nolan Arenado

LOS ANGELES, CA - SEPTEMBER 23: Nolan Arenado #28 of the Colorado Rockies runs the bases after hitting a solo homerun in the sixth inning against the Los Angeles Dodgers at Dodger Stadium on September 23, 2016 in Los Angeles, California.  (Photo by Lisa Blumenfeld/Getty Images)
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In a mailbag published on Thursday, Patrick Saunders of the Denver Post says he has spoken with Arenado and his agent from the Wasserman Media Group. Based on that, he says the Rockies have not broached the subject of a contract extension with the All-Star third baseman.

Arenado will enter his second of four years of arbitration eligibility after earning $5 million for the 2016 season. He’s due to a hefty pay raise and will continue on that track into free agency after the 2019 season. It may behoove the Rockies to get extension talks started sooner rather than later. Saunders, however, thinks that Arenado wants to see if the Rockies become contenders in the next two seasons before signing the dotted line.

Arenado, 25, enters Thursday’s action batting .293/.361/.567 with 40 home runs, 130 RBI, and 112 runs scored in 678 plate appearances. His 40 homers is best in the National League and the 130 RBI are best in the majors. He has an argument for winning the National League Most Valauble Player Award.

Video: Scott Boras eulogizes Jose Fernandez

MIAMI, FL - SEPTEMBER 28: A detailed view of a memorial wall in honor of Jose Fernandez on September 28, 2016 in Miami, Florida. Mr. Fernandez was killed in a weekend boat crash in Miami Beach along with two friends.  (Photo by Rob Foldy/Getty Images)
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Agent Scott Boras eulogized client Jose Fernandez at his funeral on Thursday. Boras couldn’t even get through the first sentence without breaking down in tears. It was difficult to watch without wanting to sob myself, but it was a touching eulogy that spoke for a lot of people who were fond of Fernandez.