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Red Sox trade John Lackey to Cardinals for Allen Craig and Joe Kelly

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Not satisfied with adding Justin Masterson to the rotation yesterday, the Cardinals have added another veteran starter by acquiring John Lackey from the Red Sox. And, much like Boston’s deal to get Yoenis Cespedes from Oakland for Jon Lester, the Red Sox have prioritized the present by getting veterans Allen Craig and Joe Kelly in exchange.

[MORE: Trade deadline tracker]

Not only has Lackey bounced back from a lost 2012 season with two consecutive solid years as a mid-rotation starter in Boston–posting a 3.55 ERA in 50 total starts since last season–he’s under contract for 2015 at the bargain price of $500,000 thanks to an odd wrinkle in his original deal with the Red Sox.

In return the Red Sox get a rotation replacement for Lackey in the 26-year-old Kelly, who has a 3.25 ERA in 38 career starts. However, his modest 6.5 strikeouts per nine innings in the National League are reason for skepticism that he’ll thrive long term, especially in the American League.

[MORE: Breaking down the Jon Lester-Yoenis Cespedes trade]

Craig had three straight excellent seasons for the Cardinals, hitting a combined .312 with an .863 OPS in 328 games from 2011-2013, but he’s collapsed this year at age 29 with a .638 OPS and has three years and $25 million left on his contract. St. Louis has stud prospect Oscar Taveras ready to replace Craig in the outfield and in the lineup.

Boston is betting on a big bounceback from Craig and Kelly’s ability to step into Lackey’s rotation spot with similar results. St. Louis is betting on Taveras developing into a star, Lackey being better than Kelly for the next one-and-a-half seasons, and Craig staying on the decline heading into his thirties. It’s a helluva interesting deal.

Jose Bautista and the Blue Jays nearing a two-year, $35-40 million deal

Toronto Blue Jays Jose Bautista flips his bat after hitting a three-run homer during seventh inning game 5 American League Division Series baseball action in Toronto on Wednesday, Oct. 14, 2015. (Nathan Denette/The Canadian Press via AP) MANDATORY CREDIT
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It was first reported that the Blue Jays and Jose Bautista were close to a deal last night. Now Ken Rosenthal reports that the deal is near completion. It will likely a two-year contract in the $35-40 million range.

Bautista had a tough 2016, hitting .234/.366/.452 with 22 home runs and 69 RBI, and some clubs likely considered a long-term deal for the 36-year-old too risky, this leading to the relative lack of reported interest in Bautista by other clubs. But back-to-back ALCS appearances by the Jays and the success and popularity Bautista has experienced in Toronto make his re-signing there a pretty sensible move for all involved.

The Jays, who already lost Edwin Encarnacion to free agency, get their slugger back on a short term deal. Unlike anyone else, they don’t have to give up the draft pick attached to him via the qualifying offer. Bautista, in turn, will make, on average, more than he would’ve made on the qualifying offer if he would’ve accepted it and a raise over the $14 million he made in 2016.

Padres sign Trevor Cahill

Chicago Cubs relief pitcher Trevor Cahill (53) during the seventh inning of Game 3 in baseball's National League Division Series against the St. Louis Cardinals, Monday, Oct. 12, 2015, in Chicago. (AP Photo/Paul Beaty)
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The Padres have signed Trevor Cahill to a one-year, $1.75 million contract.

As recently as the middle of the 2015 season it looked like Cahill’s career would meet a premature end, but after being released by the Braves and signing with the Cubs in August of that season he has been a remarkably effective reliever. He has posted a 2.61 ERA in 61 games in Chicago and has posted a strikeout rate far above his career norms.

He’s not someone you necessarily want taking the hill when the leverage is high, but in San Diego the leverage won’t be all that high all that often.