Dodgers Considering $250MM+ Offer To Yamamoto
The Dodgers are considering presenting an offer in the $250-300MM range to Yoshinobu Yamamoto, reports Jack Harris of the Los Angeles Times. Reports from yesterday indicated that teams are likely to put forth contract proposals to the NPB star this week, with a decision perhaps coming by Monday.
Yamamoto's Potential Landing Spot
Yamamoto’s landing spot and price point are perhaps the biggest remaining story of the offseason. The 25-year-old righty has emerged as the clear top free agent after Shohei Ohtani came off the board. It is believed the field has narrowed to seven teams: the Dodgers, Yankees, Mets, Giants, Red Sox, Phillies, and Blue Jays.
This morning, Ken Rosenthal of the Athletic indicated Philadelphia and Toronto are more on the outside of the market and could be longer shots. Sportsnet’s Ben Nicholson-Smith echoes that with regards to the Jays, reporting that Toronto is less likely to be one of the top finalists on Yamamoto than they were on Ohtani.
Teams' Meetings with Yamamoto
Meanwhile, Alex Speier of the Boston Globe writes that the pitcher’s visit to the East Coast last week only consisted of a stop in New York to chat with the Yankees and Mets. While the Red Sox and Phils conducted in-person interviews with Yamamoto, officials from both teams met with the pitcher and his representatives in Los Angeles.
The Cost of Signing Yamamoto
In recent weeks, there has been increasing speculation the price tag could exceed $300MM. That’s particularly true when considering the accompanying posting fee that would be owed to his former team, the Orix Buffaloes. An MLB club would owe the Buffaloes 20% of the contract’s first $25MM ($5MM), 17.5% of the next $25MM ($4.375MM), and 15% of additional spending.
An offer of $250MM to Yamamoto, which seems a conservative estimate of his earning power at this point given the robust interest, would require a $39.375MM posting fee. That’d put the total commitment a little north of $289MM. If a team were to offer Yamamoto $300MM, that’d come with a $46.875MM posting sum that pushes their spending to nearly $347MM.
Of course, that’s even before getting to luxury tax implications — which would come into play for the known suitors aside from Boston and San Francisco. The Dodgers have a competitive balance tax projection around $256MM, as calculated by Roster Resource. That places them right on the border of the $257MM second threshold of penalization.
Other Options for Dodgers
Los Angeles certainly isn’t the only team weighing an offer in this range for the three-time Sawamura Award winner. If Yamamoto signs elsewhere, Harris suggests that L.A. is likelier to turn to the trade market for pitching help as opposed to pivoting to another top free agent like Blake Snell or Jordan Montgomery. The Dodgers already struck for Tyler Glasnow on the trade front but remain on the hunt for starting pitching behind their top three of Glasnow, Walker Buehler, and Bobby Miller.
