Baltimore has declined its $11 million team option on Mark Reynolds after he set a career-low in slugging percentage while being moved from third base to first base.
However, because he’s still an arbitration-eligible player Reynolds does not simply become an outright free agent. Instead, as Brittany Ghiroli of MLB.com reports, the Orioles have until November 30 to decide if they want to offer him arbitration.
If they do that, he’d likely get a raise on this year’s $7.5 million salary, but perhaps to a lesser amount than the $11 million option. If instead they non-tender Reynolds the 29-year-old slugger will hit the open market with a $500,000 buyout.
Reynolds would be an interesting free agent because despite hitting just .213 during the past three seasons and striking out as much as any hitter in baseball he’s never posted an OPS below .750 and has 35-homer power. In a weak year for first basemen it wouldn’t be surprising to see him get a multi-year deal from a team in need of right-handed power.
Yankees starter Luis Severino and Phillies starter Aaron Nola both signed contract extensions within the last week. Severino agreed to a four-year, $40 million contract with a 2023 club option. Nola inked a four-year, $45 million deal with a 2023 club option.
While the deals both represented significant raises and longer-term financial security for the right-handed duo, some feel like the players are selling themselves short. It has become a more common practice for players to agree to these types of deals in part due to how stagnant free agency has become. Get the money while you can.
Mets starter Noah Syndergaard is in a similar situation as Severino and Nola were. He and the Mets avoided arbitration last month, agreeing on a $6 million salary for the 2019 season. He has two more years of arbitration eligibility left. A contract extension with the Mets would presumably cover both of those years plus two or three years of what would be free agent years. As Tim Britton of The Athletic reports, however, Syndergaard plans to test free agency when the time comes.
Syndergaard said, “I trust my ability and the talent that I have. So I feel like I’m going to bet (on) myself in free agency and not do what they did. But if it’s fair for both sides and they approach me on it, then maybe we can talk.” He clarified that he would be open to a conversation about an extension, but the Mets thus far haven’t approached him about it. In his words, “There’s been no traction.”
Syndergaard, 26, has been one of baseball’s better starters since debuting in 2015. He owns a career 2.93 ERA with 573 strikeouts and 116 walks in 518 1/3 innings. Among pitchers to have logged at least 400 innings since 2015 and post a lower ERA are Clayton Kershaw (2.22), Jacob deGrom (2.66) and Max Scherzer (2.71). Syndergaard made only seven starts in 2017 yet still ranks seventh among pitchers in total strikeouts since 2015.
If Sydergaard doesn’t end up signing an extension, he will be entering free agency after the 2021 season. The collective bargaining agreement expires in December 2021 and a new one will likely be agreed upon around that time. Syndergaard will hopefully have better prospects entering free agency then than players do now.