The Royals trade Wil Myers and Jake Odorizzi to Tampa Bay for James Shields and Wade Davis

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UPDATE: Yes, this is much bigger. The Royals have made an official announcement:

My first take was that this was a “big, big gamble.” Now that we know we know that the Royals have thrown in Jake Odorizzi, it goes from “gamble” to “malpractice.”

Odorizzi pitched two games in Kansas City in 2012, but his work on the farm has been quite nice. In 145 total innings across Double and Triple-A in 2012, Odorizzi posted a 3.03 ERA and 135/50 K/BB ratio. And he’s just 22.

To sum up: the Royals gave up a top slugging prospect and a guy who figures to be a number three starter — each of whom are under team control for six years — for a veteran starter who is under team control for two years max, and a swingman who, one would assume, the Royals want to start again.

I think it’s quite possible that this trade makes the Royals better in the short term and, likewise, may make the Rays worse in the short term. But it’s not going to make the Royals good enough to seriously contend in that short term and really kills them in the long term.

Not liking this deal from the Royals perspective. Not liking it at all.

11:12 PM: This is just breaking and we don’t have all the details yet, but Mark Topkin of the Tampa Bay Times is reporting that the Rays have traded James Shields and Wade Davis to the Kansas City Royals for outfield prospect Wil Myers.  Jerry Crasnick of ESPN, however, is reporting that there is more to this deal than just those three players and it may involve several more players.

Not that it isn’t large already. Any trade involving Myers, who is one of the top prospects in all of baseball, is a big deal. Myers, who turns 22 on Monday, hit .314/.387/.600 with 37 homers and 109 RBI between Double- and Triple-A last season. He strikes out a lot, but is one of the stronger power prospects to come around in a long time.

Shields needs no introduction. He’s a seven-year veteran who went 15-10 this past season with a 3.52 ERA. While never a Cy Young caliber pitcher, he has tossed over 200 innings a year — sometimes a lot more than 200 in a year — every season since 2007.  Davis was once a starter but was moved to the pen last year and it did him wonders: 70 and a third innings in 54 appearances in which he posted a 2.43 ERA and struck out 11.1 batters per nine innings. He seems a way better bet as a reliever than being turned back into a starter, if Kansas City has that in mind.

Overall, though, this is a big, big gamble for the Royals. They are sending away a truly elite power prospect who has yet to log a day of major league service time for two veteran pitchers, neither of which is a real game-changer for them, even if it does make their pitching more respectable. It strikes me, though, that adding Will Myers to the lineup would do more to improve the Royals’ outlook than adding a reliever and a number two starter.

Report: Jose Ramirez close to four-year extension with Indians

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Yahoo Sports’ Jeff Passan reports that third baseman Jose Ramirez is finalizing a four-year extension with the Indians. The deal is said to be worth north of $30 million, and may crest $50 million if all options are exercised. While the extension won’t take effect until the 2018 season, it guarantees Ramirez a $26 million sum with two options worth $11 and $13 million and will give the Indians control of the infielder through the 2023 season.

Ramirez, 24, is entering his fifth season in the Indians’ organization. He posted career-high numbers during his first full season in the majors, slashing .312/.363/.461 with 11 home runs, 22 stolen bases and 4.8 fWAR in 2016. He’s projected to have a strong follow-up season at the plate and will likely see some time at second base as Jason Kipnis works his way back from a shoulder injury.

Although 2016 only showcased the beginning of Ramirez’s success with the club, FanRag Sports’ Jon Heyman says it’s a standard move for Cleveland to “sign their stars early,” and indicates that Ramirez was rumored to want the deal. Jeff Todd of MLB Trade Rumors adds that the extension will keep Ramirez under club control through three arbitration-eligible years and one year of potential free agency.

Diamondbacks return Rule 5 pick Tyler Jones to Yankees

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Diamondbacks’ right-hander Tyler Jones is headed back to the Yankees, the teams announced on Friday. The Diamondbacks had previously selected Jones in the Rule 5 draft last December, but elected to leave the 27-year-old off of their 40-man roster heading into the 2017 season. Rule 5 draft rules stipulate that when a player is not kept on the receiving team’s roster, the player must be offered back to his original team.

Jones signed a minor league contract with the Yankees prior to the 2016 season. He pitched to an impressive 2.17 ERA, 2.2 BB/9 and 13.2 SO/9 over 45 2/3 innings with Double-A Trenton, but was unable to make the leap to Triple-A or beyond during his stay with the organization.

Jones’ outlook with the Diamondbacks appeared slightly more promising. GM Mike Hazen described the righty as a power arm with a “good fastball and power curveball” after selecting him in the Rule 5 draft, and early reports indicated that Jones would be in the mix for a bullpen spot. A rough spring performance — underscored by his lack of experience at the Triple-A and major league levels — undid most of that confidence, however, and the Diamondbacks weren’t willing to keep him on the active roster throughout the entire 2017 season in order to acquire his control rights.

Jones is set to open the season with Triple-A Scranton/Wilkes-Barre, per a report from the Yankees.