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Wacha, Renfroe to Royals, Glasgow extended

More hot and heavy hot stove action this morning

San Diego Padres v Chicago White Sox Photo by Quinn Harris/Getty Images

The Kansas City Royals continue to be active this offseason, reportedly agreeing to deals with free agent starting pitcher Michael Wacha and free agent outfielder Hunter Renfroe. And on a separate hot stove note, the Los Angeles Dodgers and Tyler Glasnow have reportedly agreed to a contract extension.

Earlier this week, it had been reported that the Royals had agreed to deals with free agent starter Seth Lugo and former Texas Rangers relievers Chris Stratton and Will Smith. Earlier in the offseason, Kansas City acquired pitchers Kyle Wright and Nick Anderson from the Atlanta Braves, and signed free agent infielder Garrett Hampson.

Wacha, 32, spent his career with the St. Louis Cardinals prior to becoming a free agent after the 2019 season. After one year deals with the New York Mets, Tampa Bay Rays, and Boston Red Sox, he signed a one year deal with a pair of club options and a pair of player options with San Diego for 2023. Although Wacha had a solid season for the Padres — 3.22 ERA in 134 innings over 24 starts — the Padres declined their two $16 million team options, and Wacha declined his two $6 million player options.

Wacha has ended up coming out ahead in the deal, as he gets $32 million guaranteed from the Royals — the same he would have gotten if the Padres had picked up their options — but also gets an opt out after 2024. So he could be on the free agent market once again after the 2024 season, for the sixth year in a row.

Renfroe, meanwhile, is getting $5.5 million from the Royals, with a $7.5 million player option for 2025 and $500,000 in potential annual performance bonuses. Renfroe, who turns 32 next month, is coming off a season where he put up a -0.6 bWAR between the Angels and the Reds, and ended up getting waived as part of the Angels late-August salary purge. He slashed .233/.297/.416 last year, but over the course of his career has generally been a 2-3 win per year guy. Renfroe slashed .257/.315/.497 in 2021-22, so the Royals are betting on a bounceback year, knowing they’ll be stuck with him for 2025 if he has a repeat of 2023.

Finally, as we discussed last night, there was an agreement in place for a trade between the Tampa Bay Rays and the Los Angeles Dodgers that was conditioned on the Dodgers and Glasnow working out a contract extension. That extension has reportedly been finalized, with the Dodgers and Glasnow agreeing to a 5 year, $135 million deal that runs through 2028, replacing his current one year, $25 million deal.