Report: Yankees make new offer for AL Central ace

The Yankees are still in the process of gathering information on Gerrit Cole’s elbow after he reported difficulty recovering between starts and underwent an MRI on Monday. In the meantime, USA Today’s Bob Nightengale reports that they’ve made a new offer to the White Sox regarding right-hander Dylan Cease. 

Prior reporting on the talks between the two teams have indicated that the Yankees have refused to include outfield prospect Spencer Jones in any package for Cease, and Nightengale notes that Jones once again is not included in the new offer.

Trade talk surrounding Cease has died down in the latter stages of the offseason. White Sox GM Chris Getz has steadfastly held his asking price in negotiations throughout the offseason — an ask that other teams have deemed exorbitant.

If the Yankees indeed go outside the organization to bolster their staff, there’s some sense to preferring a trade to, say, signing a free agent like Blake Snell or Jordan Montgomery. Snell and Montgomery would come with huge annual salaries that are magnified by the 110% luxury tax the Yankees would pay for any additions at this point, given the current state of their payroll. Snell, in particular, would cost the Yankees their second-highest draft pick and $1M of space from next year’s international amateur free agency pool, as he rejected a qualifying offer from the Padres. 

Cease has been in camp with the White Sox, pitching in spring training games and building up for the season. Snell and Montgomery are surely working out on their own in preparation for the season, but that’s not necessarily the same as working in game settings. Cease wouldn’t come with any questions about whether he’d be ready for Opening Day, whereas a free-agent pickup at this point in the offseason calendar very much could.

Cease, the 2022 American League Cy Young runner-up, is earning $8M this season and is controllable through the 2025 season via arbitration. He’s coming off a down year, having posted a pedestrian 4.58 earned run average in 177 frames with somewhat diminished averaged fastball velocity (96.9 mph in ’22, 95.8 mph in ’23). But Cease maintained strong strikeout numbers, missed bats at a plus level and was to some extent hampered by a .330 average on balls in play that was 46 points higher than his career mark entering the season. 

Other teams clearly view him as a playoff-caliber starter — evidenced by the widespread demand for him this winter — and the White Sox don’t seem likely to lower their asking price substantially, knowing they can extract a substantial trade return for Cease this summer as long as he remains healthy.

Holding Cease with an eye toward the deadline presents the Sox with an obvious risk. That’s underscored by the very reason the Yankees have apparently reengaged the White Sox on Cease. Cole and Cease have been the game’s two most durable starters for the past four years. Since 2020 (Cease’s first full season in MLB), Cease leads all big league pitchers with 109 starts. Cole’s 108 rank second, tying him with Aaron Nola and Jose Berrios. Even the most durable pitchers eventually break down, and if Cease incurs any kind of notable injury in the season’s first half, holding him will go down as a major setback in the White Sox’ rebuilding efforts.

Risk notwithstanding, the Sox have held firm in their asking price and seem prepared to wait until July if that price is not met. With regard to the Yankees, that includes Jones, a towering 6’6″ outfielder who’s drawn comparisons to Aaron Judge due to his physical size and his immense raw power. It’s unfair to expect any hitter to develop to Judge’s level, but the pure physical traits are similar. Baseball America credits Jones with plus power (60 on the 20-80 scale), while FanGraphs gives him a plus-plus rating (70-grade) in that department. Jones, who hit .267/.336/.444 between High-A and Double-A in his age-22 season last year, currently ranks 15th among all prospects at FanGraphs, 33rd at Baseball Prospectus, 46th at BA, 56th at ESPN and 84th at MLB.com.

Even if the Yankees remain unwilling to include Jones in an offer for Cease, the farm system is stacked with top-100 talents and with quality names behind that high-end contingent. Each of outfielder Jasson Dominguez, outfielder Everson Pereira, catcher Austin Wells, righty Chase Hampton, righty Will Warren and shortstop Roderick Arias has drawn top-100 fanfare on multiple lists. The overall depth of the system is considered strong as well, ranking sixth at ESPN, seventh at The Athletic, ninth at Baseball America and 11th at MLB.com.

The White Sox, who fired longtime baseball operations leaders Rick Hahn and Kenny Williams last summer, have been working to reshape the organization since shaking up the top end of the front office. Getz flatly stated that he “didn’t like our team” at the beginning of the offseason. Since taking the GM reins, he’d traded relievers Aaron Bummer and Gregory Santos, moved on from shortstop Tim Anderson and made a series of acquisitions to improve the club’s pitching depth and defense — two longstanding issues. Trading Cease would be his most significant transaction to date.