Aaron Loup
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Padres sign Aaron Loup to one-year deal

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Free agent lefty reliever Aaron Loup has been given a locker in the Padres’ clubhouse, AJ Cassavell of MLB.com reported Sunday. Per MLB Network’s Jon Heyman, Loup received a one-year MLB deal with a club option for 2020. The Padres will shift right-hander Garrett Richards to the 60-day injured list to make room on the 40-man roster.

Loup, 31, began the 2018 season with the Blue Jays and was traded to the Phillies for minor league right-hander Jacob Waguespack at the midseason deadline. The veteran left-hander pitched just two innings in Philadelphia before hitting the injured list with a forearm strain and returned for a handful of appearances at the end of the year, bringing him up to a 4.54 ERA, 3.2 BB/9, 10.0 SO/9, and 0.3 fWAR across 39 2/3 combined innings.

Assuming health issues don’t complicate his next campaign in San Diego, Loup will be added to the bullpen alongside fellow left-handers Matt Strahm and José Castillo (with the possible late addition of southpaw reliever Brad Wieck, who underwent surgery for testicular cancer earlier this year). There are worse places to be — according to FanGraphs, the Padres’ ‘pen jumped from second-worst in 2017 to second-best in the league with a cumulative 3.53 ERA, 3.31 FIP, and 8.7 fWAR in 2018.

Report: Gerrit Cole has seven-year, $245 million offer from Yankees

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Bob Klapisch of The New York Times reports that free agent starter Gerrit Cole has a seven-year, $245 million contract offer on the table from the Yankees. As Klapisch also notes, the deal would set a record for total value and average annual value for a pitcher, besting Zack Greinke‘s $34.4 million AAV and David Price‘s $217 million total.

While it is possible that Cole signs before the end of the Winter Meetings on Thursday, clients of Scott Boras have tended to sign later in the offseason, so this may be a protracted process with today’s report as a jumping-off point. Both the Yankees’ and Angels’ front offices have received clearance from ownership to break the bank to sign Cole.

Cole, 29, could not have timed having a career year any better. During the regular season, he led all of baseball with 326 strikeouts and led the American League with a 2.50 ERA while also posting a 20-5 record and walking only 48 batters across 212 1/3 innings. He performed brilliantly in the playoffs as well, holding the opposition to seven runs on 21 hits and 11 walks with 47 strikeouts over 36 2/3 innings of work as the Astros narrowly missed out on winning another championship.

Cole is entering his age-29 season, so a deal of at least seven years would take him well into his mid-30’s. Teams, especially lately, have been hesitant to commit to pitchers, but as the Nationals showed with Max Scherzer and Patrick Corbin, sometimes it leads to a championship.

For what it’s worth, Bob Nightengale of USA TODAY Sports says the Yankees haven’t made a formal offer to Cole yet, though the club plans to make one this week. During this time of year, both sides — front office personnel and player agents — leak details to the press to help establish leverage. What we can generally take from this is that the Yankees are hot for Cole and he’s going to get a record-setting contract from some team, even if it’s not the Yankees.