The story is still developing, but according to FOXSports.com’s Ken Rosenthal, the top relievers left on the market will not require draft-pick compensation once the new CBA goes into effect next week.
Ryan Madson, Heath Bell and Francisco Rodriguez are among the relievers to be affected by the change.
Rosenthal says the Phillies will still have to surrender their first-round pick for signing Jonathan Papelbon. Also, top free agents like Albert Pujols, Prince Fielder, Jose Reyes, Jimmy Rollins and David Ortiz will continue to cost a first-round pick to sign. However, lesser former Type A free agents will no longer cost a pick. Instead, new draft picks will be created to provide compensation for the teams losing free agents.
This would seem to rate as very good news for the Red Sox, Blue Jays and anyone else who might be looking to pick up a closer. Certainly Madson and Bell are going to be more attractive to Boston and Toronto now that neither will cost a first-round pick.
It’s also good news for those players, as well as fellow Type A free agents Francisco Cordero, Matt Capps and Octavio Dotel. Now, neither Capps nor Dotel was likely to be offered arbitration anyway, so they weren’t really going to cost their signing teams a free agent. But at least this means they have the opportunity to sign with teams now rather than waiting until the arbitration deadline.
According to Rosenthal, this winter’s effort is primarily a stopgap measure. For 2012 and beyond, the Elias Rankings will be abolished and teams will have to make qualifying offers (reportedly north of $12 million per year) in order to receive compensation for free agents who leave.