M’s Re-Sign Iwakuma

Dave · November 2, 2012 at 8:18 pm · Filed Under Mariners 

As expected, the Mariners have re-signed Hisashi Iwakuma to a two year deal with an option for a third year. Financial details aren’t out yet, but it’s not going to be a ton of money. He wanted to stay, he knew Safeco helped him out last year, and the free agent market isn’t super kind to starters with a history of shoulder problems who gave up a lot of homers while pitching in a homer suppressing park. Expect somewhere between $6-$8 million per year.

That knocks one rotation spot off the list, and leaves the team with just one starting spot left behind Felix, Iwakuma, Vargas, and Ramirez. I wouldn’t be surprised if they brought in another starter to replace Millwood/Beavan, but don’t expect it to be a big ticket guy. Most of the spending this winter — after this move, anyway — is going to be on the offense.

Update: Jon Heyman has the financials – $14 million guaranteed, with annual salaries of $6.5 million in 2013/2014, then a 2015 option for $7 million with a $1 million buyout. So it’s either 2/14 or 3/20. Basically, right in line with what we expected.

Comments

37 Responses to “M’s Re-Sign Iwakuma”

  1. jamieandjoe1997 on November 2nd, 2012 8:23 pm

    Great move. Good start to the offseason!

  2. Westside guy on November 2nd, 2012 8:25 pm

    A good first move of this offseason, I’d think!

    Now let’s hurry up and get some news about an extension for Felix being finalized…

  3. 9inningknowitall on November 2nd, 2012 8:25 pm

    That is good to hear. Not a huge move but important.

  4. Westside guy on November 2nd, 2012 8:26 pm

    When will they be announcing the straight-up Chone Figgins for Prince Fielder trade?

  5. Slats on November 2nd, 2012 8:51 pm

    Great! Bring on some offense now.

  6. sexymarinersfan on November 2nd, 2012 8:55 pm

    Great job Z! Even if they do bring back Beavan, that’s not a horrible thing considering he’d be a bridge to get to Paxton or Hultzen. I’d rather allocate that money into the offense then going looking for another 4-5 back end starter, unless it was a Kevin Millwood type contract situation. There aren’t a lot of those out there. Beavan is cheap. The Big Three isn’t far off. Let’s focus on offense now first.

  7. californiamariner on November 2nd, 2012 9:00 pm

    Finally, some good, relevant news!

  8. Dave on November 2nd, 2012 9:00 pm

    Beavan is terrible. You shouldn’t be satisfied with terrible. You should want to upgrade on terrible.

  9. californiamariner on November 2nd, 2012 9:21 pm

    What do you guys think about the Angels letting Haren go? They must be re-signing Grienke now one would think?

  10. bookbook on November 2nd, 2012 9:32 pm

    Furbush? I thought Vasquez was terrible, thereby making Beaven terrible plus…

  11. thurston24 on November 2nd, 2012 9:49 pm

    Great news. Do we know for sure that Vargas will be resigned?

  12. sexymarinersfan on November 2nd, 2012 9:55 pm

    Agreed. Beavan was pretty bad. He was also pretty cheap too. I would like to see the Mariners definitely upgrade the back end of the rotation. Let’s see if they actually do.

  13. Typical Idiot Fan on November 2nd, 2012 10:03 pm

    Great news. Do we know for sure that Vargas will be resigned?

    Vargas is in Arb-3 status. He’s a Mariner next year unless the team gets rid of him. The question is going to be how much they sign him for, or if they non-tender him.

  14. lailaihei on November 2nd, 2012 11:04 pm

    Good signing. He has a chance to be worth more than that, and the option is very team-friendly.

  15. Thirteen on November 3rd, 2012 1:11 am

    Beavan is replacement level and as such is the biggest hole on the roster. If you think Carp can make 1.0 WAR at 1B, and Casper can put up 1-2 WAR in a corner, the M’s have no replacement level position players who figure to get starting time. Beavan right now figures to get starting time.

    I actually wouldn’t object at all to a big acquisition to replace Beavan. In fact, I outright desire it. That SP slot being the biggest hole on the roster means that, for any given amount of cash, the Mariners can get a bigger upgrade by spending it on a starter than by spending it on a hitter. We should all want the Mariners to get big upgrades, right?

    If Baker and Johns are right and Z is going to have more payroll in 2013 than in 2012, he’s got around $20M left. Bump it up a little, or trade Gutierrez, and you could pretty easily fit both a big ticket hitter like Swisher and a mid-upper range starter like Jackson. Haren actually interests me as a buy-low candidate; I’m shocked that the guy posted 6 WAR just last year and now no one’s willing to part with a reliever to get him for one year at $15M.

    If we’re playing the “no big trades, free agents only” game, which I think is silly but whatever, the Mariners very reasonably have the payroll space to add Swisher, Cabrera and Haren (or Jackson, or McCarthy, or any $10M starter) presuming they can find someone to take Guti’s contract.

  16. Thirteen on November 3rd, 2012 1:11 am

    Beavan is replacement level and as such is the biggest hole on the roster. If you think Carp can make 1.0 WAR at 1B, and Casper can put up 1-2 WAR in a corner, the M’s have no replacement level position players who figure to get starting time. Beavan right now figures to get starting time.

    I actually wouldn’t object at all to a big acquisition to replace Beavan. In fact, I outright desire it. That SP slot being the biggest hole on the roster means that, for any given amount of cash, the Mariners can get a bigger upgrade by spending it on a starter than by spending it on a hitter. We should all want the Mariners to get big upgrades, right?

    If Baker and Johns are right and Z is going to have more payroll in 2013 than in 2012, he’s got around $20M left. Bump it up a little, or trade Gutierrez, and you could pretty easily fit both a big ticket hitter like Swisher and a mid-upper range starter like Jackson. Haren actually interests me as a buy-low candidate; I’m shocked that the guy posted 6 WAR just last year and now no one’s willing to part with a reliever to get him for one year at $15M.

    If we’re playing the “no big trades, free agents only” game, which I think is silly but whatever, the Mariners very reasonably have the payroll space to add Swisher, Cabrera and Haren (or Jackson, or McCarthy, or any $10M starter) presuming they can find someone to take Guti’s contract.

  17. californiamariner on November 3rd, 2012 2:07 am

    Beavan is so bad. Sure, it might not be the end of the world if he is the 5th starter, but seriously, I sure as hell am not hoping for it. If I get the option to have a horrible 5th starter or a not so bad 5th starter, well I don’t want Beavan. Every time Beavan starts a game I will complain on the internet!

  18. Mzen on November 3rd, 2012 6:32 am

    —— Beavan is terrible. You shouldn’t be satisfied with terrible. You should want to upgrade on terrible.

    Yeah, but he is in the best shape of his life and working on a new pitch.

    Snarky condescension.

  19. The Ancient Mariner on November 3rd, 2012 6:59 am

    Wilhelmsen and Figgins for Haren? It would be more value than Marmol would give the Angels, and I think less money.

    . . . OK, no, I missed that Haren’s now a FA.

  20. RaoulDuke37 on November 3rd, 2012 8:47 am

    That’s a lot of money for a guy who wasn’t even good enough to start at the beginning of last season.

  21. Sports on a Shtick on November 3rd, 2012 9:17 am

    Moving in the Safeco fences? Check.
    Signing Iwakuma to an extension? Check.

    So far so good M’s!

  22. Shawnuel on November 3rd, 2012 12:14 pm

    The Twins non-tendered Scott Baker. I’d be very interested in him if Jack could get him at a low guaranteed money (maybe with incentives) to see if he can shake off his injury bug. He is mighty effective when right.

  23. Longgeorge1 on November 3rd, 2012 1:24 pm

    Tom Whilhelmsen should get a look for SP#5. If he masters the change like he has the curve he would easily be a mid – rotation guy. We have a lot of young arms in the pen and even one or two of the ” BIG THREE” could be brought up to be eased into the show by getting some time as a reliever.

  24. ScottBrowne on November 3rd, 2012 2:37 pm

    I love this move.

  25. 300ZXNA on November 3rd, 2012 2:58 pm

    I echo Longgeorge’s question. Could Wilhelmsen be CJ Wilson part 2? With all of the cheap bullpen talent, it seems like it would be worthwhile to try and transfer some of that talent to SP . . .

  26. Typical Idiot Fan on November 3rd, 2012 3:59 pm

    We have lots of options for the fifth starting position. There’s not much reason to fiddle with Wilhelmsen at this point in his career. Changing him to a starter would require time and would disrupt our current bullpen situation. Plus there’s no guarantee he could pull it off. Better to just leave things as they are and not Morrow the situation.

  27. Mariners35 on November 3rd, 2012 5:48 pm

    I know bullpens are fluid, fungible things, and straightforward to build quickly and cheaply… but I do not for the life of me understand the turn-Bartender-into-a-starter thing. He’s a perfectly good closer. 5th starter options are abundant.

    Actually, lots of starter options are abundant in general. I’d love to see the M’s invest in some premium starting pitching along with the expected offense upgrades. Injury, suckiness or opportunistic trading could make plenty of room for part of Cerberus, or whoever else is promising, when the time’s right for them later.

    I’d be the most dismayed to see another Millwood type brought in. No more bargain basement shopping, please, Z. You can do better than Beavan easily… but you can do better than Millwood too.

  28. shorthopt on November 3rd, 2012 6:20 pm

    I understand that transitioning Wilhelmsen back to an SP leaves a a question mark at closer, but he seems to have so much more to offer (as far as pitch options) than the avg. closer comes with and Jack Z seems to find quality relievers everywhere.

    Re: our offense, it would be nice to find some guys who know how to get on base. Our OBP as a team is ridiculous. The Giants didn’t have a bunch of big offensive numbers but they had 6 guys with OBP over .330 (seven if you count Cabrera). The Mariners had one….John Jaso….who wasn’t even a regular starter because Wedge couldn’t figure out the value he had in Jaso until the year was half over.

  29. Westside guy on November 3rd, 2012 7:06 pm

    Jack Z has already started to address the team OBP situation – he declined Olivo’s option.

  30. californiamariner on November 3rd, 2012 7:08 pm

    Looks like Oliver Perez is resigned. Should be nice to have in the bullpen again.

  31. 300ZXNA on November 3rd, 2012 7:46 pm

    I agree that Wilhelmsen should be left in the BP if his upside as a SP is a 5th starter. The hope is that with his pitch repertoire he could be a legitimate #3 type, which should have more value than an elite closer. Duly noted on the concerns to not turn this into another Morrow situation.

  32. bookbook on November 3rd, 2012 9:14 pm

    I wouldn’t have spent 1.5 million on Oliver Perez. No way, no how. Valuable scrap heap pickups don’t make good bets when you’re paying retail. Especially not for the eleventh guy on a pitching staff.

  33. 300ZXNA on November 3rd, 2012 9:44 pm

    At $1.5 mil all he has to do is put up about 1/5 of a WAR. Hardly a huge loss if he doesn’t reach it . . .

  34. Dave on November 3rd, 2012 10:51 pm

    League minimum is $500K. You really think $1 million over the minimum is “retail” for a left-handed reliever who throws 94 and was good last year? Did you just see what Brandon League signed for?

    Complaining about Oliver Perez’s contract is the height of absurdity.

  35. bookbook on November 3rd, 2012 11:06 pm

    Okay. I’m wrong. Not the first time.

    My reasoning, flawed as it may be:
    1) Perez is not a particularly good bet going forward. Was good last year, for the first time in several…
    2) Arguably, Perez isn’t one of the several best relievers the M’s control. Wilhelmson, Capps, Pryor, Furbush, Kelley, Luetge, etc. (I probably overrated Luetge because his success was a surprise).
    3) The M’s need to marshall every dollar for Offense. maybe they don’t – budget flexibility is an unknown to outsiders.

    It’s also hard to remember that a million dollars extra is a rounding error for these guys. It was enough to get Iwakuma last year!

  36. Typical Idiot Fan on November 4th, 2012 7:30 am

    I don’t think you think believe you’re wrong, bookbook. Call it a hunch.

  37. bookbook on November 6th, 2012 11:51 am

    Actually, Typical, the point that $1 million is nothing to get worked up about in this context is valid and important. I overreacted.

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