Meanwhile, on the cold, cold Hot Stove . . .

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It’s Hot Stove Season baby! You know what that means! Yep: time to watch some teams sign a few relievers to minor league deals and then wait everyone out until February while talking about the need to maintain financial flexibility! FEEL THE BURN.

In more specific news:

We’ve talked a lot about Betts this winter already, and that seems like madness. Bryant’s career with the Cubs began with business-side acrimony, it’s still simmering, and there is no sense that either side is amenable to a long-term deal before he hits free agency. The Indians have been signaling for some time that they have no interest in keeping Lindor long term.

It’s quite the thing when three teams who are supposed to be contending are, instead, looking to deal recent MVP award winners and candidates who are 27 and 26 years old, but these are the times in which we are living.

  • Joe Sheehan wrote an excellent column for Baseball America last week analyzing the attendance drop MLB experienced in 2019. Which is just the latest in a series of attendance drops. As Joe notes there is a very, very strong connection between teams (a) signaling to fans during the offseason that they are not interested in signing or retaining players or otherwise being competitive; and (b) teams suffering attendance losses.

As I wrote last offseason, there is an increasing disconnect between attendance and other proxies of broad fan interest and revenue. Which is to say that, as long as teams continue to get fat on long-term TV deals, side businesses like real estate development, and soaking a smaller and wealthier segment of the fan base with higher and higher prices, they really have no reason to care if several thousand common or casual fans become alienated by their teams’ lack of desire to compete.

Sullivan doesn’t offer ideas about how that can happen, but over the past couple of seasons we’ve seen a number of proposals, some broad, some specific, about how MLB can turn its free agency/trading period into frantic, 1-3 day scrambles-to-sign like we see in both the NBA and NFL. I’m sympathetic to that desire — it’s exciting! — but any attempt to do that in Major League Baseball, at least as things are currently set up, would be a disaster for the players.

In the NBA and NFL you have salary caps and floors and, in the NBA, you have max contracts. As a result, teams both have a set amount of money to spend and an incentive to spend that money. We can quibble with whether those incentives are the best ones or if they benefit the players as much as other systems might, but there’s at least something inherent in their systems which inspires teams to sign free agents.

In Major League Baseball, there is no such incentive. May teams want to keep payrolls as low as possible under the guise of rebuilding or tanking and there is no effective mechanism to keep them from doing so. Even nominal contenders — see the Cubs, Indians and Red sox in item 1 above — spend more time thinking about how to cut payroll rather than add talent. This is bolstered by the stuff in item 2 above in which attendance and even winning has less of an impact on the bottom line than it ever has.

So, why scramble to sign players by a set deadline? Under most of the scenarios I see floated — like the laughably horrible one MLB reportedly suggested to the MLBPA — teams would just wait out free agents until deadline day, give them crappy take-it-or-leave-it offers and then leave them all scrambling to sign one-year deals or to sit the season out.

For such a thing to happen — or for teams to want to keep their bright young stars or for the league to want to maintain fan interest and keep attendance from continuing to slide — there must be incentives put in place to make them want to sign and retain players. To make them want to win. To make them want to excite the fan base.

At present, such incentives are not there. And, as such, we are faced with yet another winter with a cold, cold stove.

MLB free agent watch: Ohtani leads possible 2023-24 class

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CHICAGO – The number will follow Shohei Ohtani until it is over. No, not Ohtani’s home runs or strikeouts or any of his magnificent numbers from the field. Nothing like that.

It’s all about how much. As in how much will his next contract be worth.

Ohtani is among several players going into their final seasons before they are eligible for free agency. There is still time for signatures and press conferences before opening day, but history shows a new contract becomes less likely once the real games begin.

There is no real precedent for placing a value on Ohtani’s remarkable skills, especially after baseball’s epic offseason spending spree. And that doesn’t factor in the potential business opportunities that go along with the majors’ only truly global star.

Ohtani hit .273 with 34 homers and 95 RBIs last season in his fifth year with the Los Angeles Angels. The 2021 AL MVP also went 15-9 with a 2.33 ERA in 28 starts on the mound.

He prepared for this season by leading Japan to the World Baseball Classic championship, striking out fellow Angels star Mike Trout for the final out in a 3-2 victory over the United States in the final.

Ohtani, who turns 29 in July, could set multiple records with his next contract, likely in the neighborhood of a $45 million average annual value and quite possibly reaching $500 million in total.

If the Angels drop out of contention in the rough-and-tumble AL West, Ohtani likely becomes the top name on the trade market this summer. If the Angels are in the mix for the playoffs, the pressure builds on the team to get something done before possibly losing Ohtani in free agency for nothing more than a compensatory draft pick.

So yeah, definitely high stakes with Ohtani and the Angels.

Here is a closer look at five more players eligible for free agency after this season:

RHP Aaron Nola, PHILADELPHIA PHILLIES

Nola, who turns 30 in June, went 11-13 with a 3.25 ERA in 32 starts for Philadelphia last year. He also had a career-best 235 strikeouts in 205 innings for the NL champions.

Nola was selected by the Phillies with the seventh overall pick in the 2014 amateur draft. There were extension talks during spring training, but it didn’t work out.

“We are very open-minded to trying to sign him at the end of the season,” President of Baseball Operations Dave Dombrowski said. “We’re hopeful that he’ll remain a Phillie for a long time.”

3B Matt Chapman, TORONTO BLUE JAYS

Chapman hit 36 homers and drove in 91 runs for Oakland in 2019. He hasn’t been able to duplicate that production, but the three-time Gold Glover finished with 27 homers and 76 RBIs in 155 games last year in his first season with Toronto.

Chapman turns 30 on April 28. Long one of the game’s top fielding third basemen, he is represented by Scott Boras, who generally takes his clients to free agency.

OF TEOSCAR HERNÁNDEZ, SEATTLE MARINERS

Hernández was acquired in a November trade with Toronto. He hit .267 with 25 homers and 77 RBIs in his final year with the Blue Jays. He was terrific in 2021, batting .296 with 32 homers, 116 RBIs and a .870 OPS.

The change of scenery could help the 30-year-old Hernández set himself up for a big payday. He is a .357 hitter with three homers and seven RBIs in 16 games at Seattle’s T-Mobile Park.

OF Ian Happ, CHICAGO CUBS

The switch-hitting Happ is coming off perhaps his best big league season, setting career highs with a .271 batting average, 72 RBIs and 42 doubles in 158 games. He also won his first Gold Glove and made the NL All-Star team for the first time.

Chicago had struggled to re-sign its own players in recent years, but it agreed to a $35 million, three-year contract with infielder Nico Hoerner on Monday. The 28-year-old Happ, a first-round pick in the 2015 amateur draft, is on the executive subcommittee for the players’ union.

LHP JULIO URÍAS, LOS ANGELES DODGERS

Urías, who turns 27 in August, likely will have plenty of suitors if he reaches free agency. He went 17-7 with an NL-low 2.16 ERA in 31 starts for the NL West champions in 2022, finishing third in NL Cy Young Award balloting. That’s after he went 20-3 with a 2.96 ERA in the previous season.

Urías also is a Boras client, but the Dodgers have one of the majors’ biggest payrolls. Los Angeles also could make a run at Ohtani, which could factor into its discussions with Urías’ camp.