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  • Still Free: LHP Dallas Keuchel


    Seth Stohs

    After Bryce Harper, Manny Machado and Craig Kimbrel, Dallas Keuchel was arguably the top free agent on the market after the 2018 season. The 31-year-old left-hander certainly assumed that he would be signed and making spring starts by now. He likely assumed he would have a four or five year contract for $80-100 million. Instead, he remains on the sidelines, waiting for a team to meet his likely much-reduced contract expectations.

    Image courtesy of © Troy Taormina-USA TODAY Sports

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    Should the Twins be interested in signing free agent lefty Dallas Keuchel? What factors should go into that decision?

    What Should The Front Office Like

    When healthy, innings pitched:

    Three times in the last five years, Keuchel has made at least 29 starts and threw at least 200 innings.

    Control/Command:

    Keuchel has pitched in seven major-league seasons. He has typically not hurt himself by issuing walks. In his past six seasons, he has walked no more than 3.0 batters per nine innings and averaged just 2.5 walks per nine innings.

    2015 Cy Young

    In 2015, Keuchel went 20-8 with a 2.48 ERA. He received 22 of the 30 first-place votes for AL Cy Young Award. He also pitched in a career-high 232 innings.

    Four Gold Gloves

    Keuchel also fields his position well. He has been awarded the American League Gold Glove in four of the last five seasons. Jose Berrios and Kyle Gibson are both very good athletes who field their position well.

    What Should Scare The Front Office

    Already 31

    Keuchel turned 31 years old on January 1st. On its own, that is not a big deal. However, it would certainly be a deterrent to a four or five year deal.

    Lack of Velocity

    Keuchel rarely touches 90 mph with his fastball. But as you can see from the chart below, it’s not like his velocity has diminished. He has never thrown hard.

    https://twitter.com/SethTweets/status/1102061747341611010

    Health

    I have already and will again write the all-important phrase “if healthy.” That’s obviously an unknown and can’t be predicted with exact science (yet?). But Keuchel has had a variety of issues physically. He acknowledged after the 2016 season that he fought shoulder pain the whole year. He had a minor foot injury that cost him some time. He also had a neck injury.

    Draft Pick Compensation

    The Astros made a Qualifying Offer to Keuchel, so the team that signs him will have to give up a draft pick.

    What Signing Him Would Do For the Twins

    There is little question that, assuming Keuchel is healthy, he would improve the Twins rotation. Essentially Keuchel would take a spot in the Twins rotation and either Martin Perez or Michael Pineda would be moved to the bullpen.

    That’s not to say that Keuchel would fit in as the Twins fifth starter. But I also think it’s important to realize that he is not an ace, by any means. He would be a 2/3 in the Twins rotation. His 2018 numbers were very similar to those of Kyle Gibson. Again, assuming health, that would give the Twins a pretty solid 1-2-3 in their rotation for a potential playoff rotation with Odorizzi, Pineda and Perez (and all that minor league depth) getting their opportunities.

    Length of Ideal Contract

    To be honest, I would prefer a one-year deal between the Twins and Keuchel. Frankly, the (lack of) velocity scares me. If he loses another tick or two in velocity or if he loses even a little bit of command, his productivity could drop dramatically, and quickly.

    However, if he’s going to sign just a one-year deal, why wouldn’t he return to the Astros? Justin Verlander and Gerrit Cole are their top two starters. They added Wade Miley this offseason via free agency. Top prospect Forrest Whitley is likely close. Lance McCullers will miss the full season after undergoing Tommy John surgery. Collin McHugh and Brad Peacock could return to their rotation as well.

    Would you be willing to give Keuchel a second year? I probably would, especially because the Twins don’t have a lot of funds tied up on 2020 yet. But a third year? No, thank you. And a fourth year? Just no.

    Why Might Keuchel Have Interest in the Twins

    Keuchel has won and experienced a lot of success. He will want to be part of a team that has a chance to compete for a playoff spot. The Twins certainly fit that category. Keuchel certainly has seen the moves that the Twins have made this offseason. They added Nelson Cruz, Jonathan Schoop, CJ Cron and Keuchel’s long-time teammate Marwin Gonzalez. The lineup also includes several mid-20s players who he knows have the potential to add even more offense.

    Keuchel’s best years came with Jason Castro as his catcher in Houston. He also has to look at the Twins outfield and know that hits turn into outs, especially when Byron Buxton is out there.

    Like Marwin Gonzalez, Dallas Keuchel is represented by Scott Boras. Boras and the Twins front office seem to have a solid working relationship, and top prospects Royce Lewis and Alex Kirilloff are also Boras clients.

    What Would be a Reasonable Offer at this Point

    So, with all of that in mind, I think the following offers would be fair:

    Ideally, I would prefer a one-year, make-good contract. One year, $16 million.

    I would guess that Boras and Keuchel would like to get a second guaranteed season (and probably a third and fourth too), again, similar to the Gonzalez contract. So how about Two Years, $30 million deal?

    Summary

    As you read earlier in the week, LaVelle Neal wrote that the Twins will not sign Keuchel (or Kimbrel) unless something drastic changes. There are enough red flags around Keuchel that the Twins (and clearly most MLB teams) have shied away. Personally, I agree with that assessment.

    For a guy who rarely touches 90 mph with his fastball, Dallas Keuchel has put together a really strong free agent resume with his work in Houston the past six seasons. However, some of his peripheral numbers, understandably, could give teams reason for pause. Clearly they have.

    The Twins are currently about $12 million below where they started the 2018 season, so the proposed deals above would put them just over those numbers.

    The front office has to ask themselves which they prefer:

    1. A 31 year old lefty with no velocity but a great track record of success.
    2. A 27 year old lefty who is hitting 95-97 mph this spring but whose numbers have never matched his stuff.

    Note that if the Twins signed Keuchel, Perez wouldn’t be lost, just moved to the bullpen.

    What makes sense to you?

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    Wish him well and maybe Boras and his clients need to understand that teams aren't going overboard with expensive long-term contracts to older players.  Baseball has changed, for the better in my book.

     

    Personally, I am very happy with the starting rotation the Twins have half way thru spring training...Berrios, Gibson, Odorizzi, Pineda and Perez.  Add Mejia in the bullpen as an immediate replacement should any of the five get injured or falter. 

     

    Then there is a flock of young talent at Rochester.  Hell, the Red Wings rotation may be better than the Twins rotation was a few years ago.  Come to think of it, it very likely is.  So there are lots of arms down on the farm waiting for the chance to prove themselves on the big stage.

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    You see that WHIP of 1.3 in 2018 and you think .500 pitcher. Why spend multi millions? Probably why Houston isn’t shelling out $100 million. He will probably sign with someone desperate.

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    No need to overspend on him. The Twins never should have signed Perez to a major league contract and guarantee him $5M for a year. 

     

    Gio Gonzalez is the pitcher that would have made more sense if they wanted to add a starter.

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    Length of Ideal Contract


    Frankly, the (lack of) velocity scares me. If he loses another tick or two in velocity or if he loses even a little bit of command, his productivity could drop dramatically, and quickly.

     

     

    It could result in a drop in productivity.  Or he'll be a clone of Mark Buerhle.  

     

    Excellent soft-tossing lefties have always existed and, even in the age of velocity, some of them can and will continue to thrive.  Given his track record, I'd be willing to bet that Keuchel is far more likely to be Mark Buerhle than Tommy Milone. 

     

    I'd be willing to take up to 4 years if the price was right.  3/$50-55M would seem reasonable given the market.  A steal, really, for a team that is staring into the abyss when it comes to starting pitching depth.

     

     


     

     

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    I know he has draft pick compensation tied to him but isn't there a dollar limit he has to sign for? I thought I remember seeing that last year someone (possibly Chatwood) could have signed for something like $48 million and the signing team didn't have to give up as high of a pick? Maybe I am not remembering that right.

    No. The $50 mil threshold only applies to what level of comp pick his old team receives. The signing team gives up the same pick regardless.

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    Twins have a ton of young guys coming up and little on the books going forward. Even with signing a close to $20 million per year deal enough wiggle room exists to make a mid season trade. It would be nice to have Keuchel around as an Ervin type of anchor for the rotation. 3/$50? The guy has a Cy Young in the not too distant past and a winning resume.

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    I'd be ok with a three year deal with a 4th year tapped on if he met certain inning incentives in year three. Obviously, he's a risk but the team needs more horses in the rotation and I don't see many on the horizon.

     

    What about at the trade deadline? Could the Twins win out a 2 year contract? Would .500 be acceptable.
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    I would say get him if available after the QO expires.... but we have had horrible luck with late signing of players that missed all of part of spring training. Seems they are working out, but it doesn't help much.

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    Risk vs. Reward -

     

    A one or two year signing doesn't seem to be a huge risk. You get a HISTORICALLY reliable pitcher that can give you a lot of innings and some consistency.  The potential payback for the Twins after two years looks to me like more risk than they need to take.

     

    I would prefer they stick with and nurture the young arms.

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    You can't make a QO to a player you had for less than a full season. Hence why the Dodgers couldn't extend a QO to Machado this winter.

     

    Thanks -- either didn't know that or forgot it. Both of which happen frequently.

     

    But the point about not losing a pick with a rental still stands.

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    I don't know, I think the Twins would be better with Keuchel, but the Twins have some depth in the rotation. It's the bullpen that really worries me and with Reed getting shelled the other day again it would seem to me that the most pressing need would be Bullpen help. There is a stud out there.

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    Renting Rendon would likely cost you one of your top 3-5 prospects and another 1 or 2 top 10-15 type guys so that's something to take into consideration. And I believe they changed the rule and you no longer pick up draft picks for rental players, but maybe I'm wrong on that. That being said, I don't think Rendon will be available as I think the Nats want to build around him. Maybe someone like Donaldson if the Braves don't live up to expectations, though. And then you're talking much lower prospect loss as well. I think you need to take the prospect cost into account as well.

     

    Yeah, I was just using Rendon because he was the only infielder on the list of the top eight or so potential free agents. My point was more about the advantage of having half the season to know what your need REALLY is (and whether one person can make a difference), rather than having to make an educated guess.

     

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    Signing Keuchel would cost theTwins their third highest pick in the rule 4 draft as a revenue sharing receiving club.

     

    Source is AZ Phil of the Cub Reporter

     

    https://www.thecubreporter.com/compensation-loss-article-xx-b-qualified-player

    Quote:

    NOTE: Prior to the post-2017 off-season, a player had seven days to decide whether to accept a QO.

     

    If a Qualified Player subsequently signs a Major League contract with another (different) MLB club on or before the day prior to the MLB Rule 4 Draft (MLB First-Year Player Draft), the player's former club (the club that lost the Qualified Player) normally will receive a compensatory draft pick in the MLB Rule 4 Draft between the 2nd & 3rd rounds (after Competitive Balance Round "B").

    EXCEPTIONS: An MLB club that receives revenue sharing funds would receive a compensatory draft pick immediately after the conclusion of the 1st round (prior to Competitive Balance Round "A") - IF - the Qualified Player signs a contract worth at least $50M (the club would receive a compensatory draft pick between the 2nd & 3rd rounds and after Competitive Balance Round "B" if the Qualified Player signs a contract worth less than $50M), and an MLB club that is a Competitive Balance Tax (CBT) payor (club's payroll from the previous season exceeded the CBT threshold) would receive a draft pick between the 4th & 5th rounds.

    NOTE: If more than one club receives the same type of compensatory pick, the draft order for the comp picks is the same as it is for all other rounds in that draft (clubs select in inverse order of league standings from the previous season, and in the case of two clubs finishing with the same record the previous season, league standings from two seasons back will be used to break the tie, and if the clubs are still tied, league standings from three seasons back, four seasons back, etc, will be used to break the tie).

     

    If a Qualified Player signs a Major League contract with another (different) club on the day of or anytime after the MLB Rule 4 Draft, or if a Qualified Player signs a minor league contract with another (different) club and either remains in the minor leagues or is later added to that club's MLB 40-man roster, the player's new club does NOT forfeit a Rule 4 Draft pick, and the player's former club does NOT receive Rule 4 Draft pick compensation. However, MLB clubs are not permitted to sign a Qualified Player to a minor league contract just to avoid losing a draft pick.

     

    An MLB club that signs a Qualified Player (not including its own Qualified Players) to a Major League contract prior to the Rule 4 Draft deadline forfeits its 2nd highest selection in the next MLB Rule 4 Draft and $500,000 is subtracted from its assigned International Signing Bonus Pool (ISBP) in the next full International Signing Period (ISP) for each Qualified Player signed.

    EXCEPTIONS: An MLB club that receives revenue sharing funds would surrender its 3rd highest selection in the draft but nothing is subtracted from the club's ISBP in the next full ISP, and an MLB club that is a CBT payor (club's payroll from the previous season exceeded the CBT threshold) would forfeit its 2nd & 5th selection in the draft and have $1,000,000 subtracted from its ISBP in the next ISP for each Qualified Player signed.

    NOTE: The Competitive Balance Tax threshold will be $195M in 2017, $197M in 2018, $206M in 2019, $208M in 2020, and $210M in 2021.

     

    The next highest Rule 4 Draft pick (or draft picks) will be forfeited if a club signs more than one Qualified Player (one draft pick forfeited for each Qualified Player signed).

    NOTE: A CBT payor (club's payroll from the previous season exceeded the CBT threshold) would forfeit its 3rd & 6th highest selections if the club signs a second Qualified Player, its 4th & 7th selections if the club signs a third Qualified Player, and its 8th & 9th highest selections, 10th & 11th highest selections, etc, for additional Qualified Players signed.

     

    End Quote

    Edited by Sconnie
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    I would rather have Kimbrel. I think he helps this team more and has less downside.

     

    Me too, no hashtag. There really is not reason not to have both, though.

     

    The idea that it would be horrible to lose a draft pick, a draft pick that probably will never make the bigs anyway, is just silly. Just think if we would have lost a Levi Michael, or a Tyler Jay for a top line pitcher. It would just crush me. 

    Edited by h2oface
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    It's crazy to see guys like Keuchel still available on March 8th. The season starts in just 2 weeks - back in the "old days" (ie: 4 years ago) guys like this would have been scooped up and signed for big multi-year deals.

     

    What I think is happening in today's market is a bit of an overcorrection to the contracts that guys like Pujols received. Nobody wants to be stuck paying $20 million per year to an aging superstar with no skills. Teams like the Twins shouldn't feel bullied into paying guys like Keuchel for 5 years because he won a Cy Young Award 3 years ago with another team. Players, on the other hand, think guys like Keuchel deserve "back pay" for overachieving years ago.

     

    In the end, I think the agents (like Boras) are primarily to blame for what's going on today. I think the second major factor is advanced analytics and high-tech scouting and development. The Twins' brainiacs seem to think that Martin Perez has 10 wins in him this season. I'm all for testing out this theory and letting Falvine run the team their way.

     

    Regardless, I'm sure when Keuchel eventually does sign, everyone will be watching his numbers this season to see if he was worth it.

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    Me too, no hashtag. There really is not reason not to have both, though.

     

    The idea that it would be horrible to lose a draft pick, a draft pick that probably will never make the bigs anyway, is just silly. Just think if we would have lost a Levi Michael, or a Tyler Jay for a top line pitcher. It would just crush me.

    I probably agree, but keep in mind that Jose Berrios was the pick we would have lost had we signed a QO player that year.

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    I would rather have Kimbrel. I think he helps this team more and has less downside.

     

    I also think, should things not go well for the team, that he has more value as a trade target.

    Edited by TheLeviathan
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    JC: Kimbrel would have a team by now if his agent wasn’t trying to convince teams his 2018 & 2016 didn’t exist & price accordingly
    Keith Law: Agreed. Also, the last time we saw the guy pitch he couldn’t throw a strike, and his manager used a starter to close out the last game.

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    Nice presentation Seth. I'd take a two-year deal in a heartbeat as long as he is physically sound. I don't see any comparisons to Lance Lynn.

     

    The rotation would suddenly look very formidable indeed. (He wasn't awful last year; and he's one year removed from going 14-5.)

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