Free agent right-hander Luis Severino is drawing plenty of attention around the league, reports Brendan Kuty of The Athletic. As many as eight teams have made their interest known, though Kuty says the Yankees aren’t believed to be one of them.
Severino will be an interesting bounceback candidate in this winter’s market since he previously was one of the best pitchers in the game but his recent struggles should significantly hamper his market. Over 2017 and 2018, he made 63 starts and logged 384 2/3 innings with a 3.18 earned run average. He struck out 28.8% of batters faced and walked just 6.2% of them, while also keeping 45.8% of balls in play on the ground. FanGraphs calculated him as worth 11 wins above replacement over that two-year span, with only four pitchers ahead of him in that category: Max Scherzer, Chris Sale, Jacob deGrom and Corey Kluber.
Going into 2019, the Yankees locked him up with a four-year, $40M contract with a $15M option for 2023. Unfortunately, he was injured for most of the next three seasons. In 2019, he was only able to make three starts due to shoulder and lat injuries, then Tommy John surgery wiped out his 2020 and most of his 2021 season. In 2022, he again dealt with lat issues but was able to throw 102 innings over 19 starts with a 3.18 ERA, then a couple more starts in the postseason.
The Yanks felt good enough with that return to trigger the option but 2023 didn’t go well. Another lat strain kept him out of action until May and an oblique strain ended his season in September. In between, he tossed 89 1/3 innings with a 6.65 ERA. His strikeout rate dropped to 18.9%, after being at 27.7% last year, which was pretty close to his peak.
Despite that rough season, it’s understandable that teams would still be intrigued, though it appears the Yankees may not be one of them. They will likely pursue some kind of starting pitcher, based on their current rotation. Gerrit Cole is likely to grab a Cy Young next week based on his excellent campaign, but there’s little certainty beyond that. Both Carlos Rodón and Nestor Cortes are coming off injury-marred seasons. Michael King showed promise in his move from the bullpen to the rotation but he’s still fairly inexperienced as a starter. Clarke Schmidt could be in the back end after posting a 4.64 ERA this year. The Yanks aren’t likely to be satisfied with that group and could perhaps circle back to Severino later but he may not be the first name on the list.
This winter’s market has some less risky pitchers to bank on, but guys like Blake Snell, Jordan Montgomery, Aaron Nola and Yoshinobu Yamamoto will likely require nine-figure guarantees. Sonny Gray, Eduardo Rodriguez and Shota Imanaga might come in just under the nine-figure line. Not every team will be willing to shop on Main Street and some will be combing the beach looking for buried treasure.
MLBTR’s Top 50 Free Agents predicted a contract of one year and $14M for Severino this winter. Assuming his market is indeed in that range, plenty of teams will be willing to take the risk, particularly if they have a plan of how to get the best results out of him. Despite the injuries, Severino’s fastball averaged 96.5 mph in 2023. That’s a bit down from 2018, when he was at 97.6, but not by much. It’s also higher than the 96.3 mph he averaged in 2022, when he was still quite effective. His slider saw a bigger drop, averaging 84.6 mph in 2023 whereas it would sit 88-89 prior to his lengthy injury absences. But again, he was still getting good results in 2022 with a slider averaging 85.1 mph.
Kuty relays that Severino is back to throwing, having rehabbed from the oblique strain that ended his most recent campaign. His recent track record makes him a significant wild card, but one that will surely be played at some point in the coming months.
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