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Baseball Primer Newsblog— The Best News Links from the Baseball Newsstand
Thursday, December 22, 2022
The New York Mets traded catcher James McCann to the Baltimore Orioles, it was announced, and signed infielder Danny Mendick to a one-year, $1 million major league contract on Wednesday, sources told ESPN.
The Mets will send $19 million of the remaining $24.3 million on McCann’s contract to the Orioles and receive a player to be named later. The deal saves the Mets more than $5 million in cash and $650,000 for each of the next two years toward the team’s competitive balance tax payroll.
New York entered the day with three catchers—McCann, Tomas Nido and top prospect Francisco Alvarez—on the 40-man roster, and they also signed free-agent catcher Omar Narvaez, whose deal is expected to be announced officially on Thursday.
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1. JRVJ Posted: December 22, 2022 at 08:49 AM (#6110505)(Even superstar young phenoms need backup catchers).
I'm kind of amused by the characterization of paying the Orioles $19M to take him as savings.
With a 90% luxury tax for overages his contract was costing the Mets $45.6M over the next 2 years.
Can someone explain to me whether McCann's luxury tax number is entirely owned by the Orioles or whether the Mets are on the hook for the $19M in cash they sent the Orioles. If it's the former the Mets save $26.6M (more than McCann will earn).
The money sent is included in the Mets payroll number. So they save the $5.3 million plus the $4.77 million in overage they would've paid on that $5.3 million
Escobar: Not needed and owed $10 M (so nearly $20 M in total costs)
Carrasco: I assume they want to keep him but owed $14 M
If the season turns to custard (unlikely) then Carrasco and Robertson will be gone (if healthy and effective), maybe Canha and Quintana too and they'd probably like to get out from Scherzer's player option.
They might not need to eat any money on Escobar (or maybe $2 M or so) as long as they'll take nothing in return.
Now why does anybody want Guillorme, why would you think you'll get anything useful in return and why didn't that team just sign Mendick for 1/$1 when they had the chance?
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