Feel the Chill
The Kansas City Royals have signed recently-released RHRP Justin Grimm to a major league contract ($1.25M base salary with another $300K in potential performance bonuses).
But because Grimm was signed to a non-guaranteed contract and was released by the Cubs prior to MLB Opening Day, there is no salary offset for the Cubs. The $530K termination pay Grimm got from the Cubs is - NOT - offset by the $1.25M Grimm gets from the Royals. They are considered two unrelated deals, so Grimm ultimately could make upwards of $2M+ in 2018 (close to the $2.2M he was scheduled to make if he had not been released) if he reaches all of the performance bonuses (the $530K termination pay he got from the Cubs + the $1.25M base salary he gets from the Royals + the $300K in potential performance bonuses).
If Grimm had been released by the Cubs after MLB Opening Day, he would have received the entire $2.2M salary he got from the arbitration panel as termination pay, and then the Royals could have signed him for just the MLB minimum salary ($555K) and the Cubs would have been on the hook for the remaining $1.645M.
The Cubs have released veteran RHRP Justin Grimm.
Because he was released 15 or fewer days prior to MLB Opening Day, Grimm will get 45 days salary as termination pay (which is about $530K of the $2.2M 2018 salary that he was awarded by an arbitration panel last month). Note that the Cubs would have saved themselves about $180K if they had released Grimm prior to yesterday (Wednesday), because players with non-guaranteed contracts receive only 30 days salary as termination pay if released more than 15 days prior to MLB Opening Day.
So the Cubs MLB Reserve List now stands at 39 (one slot is open), and 39 players are assigned to the Cubs Spring Training Active List (including ten NRI).
3/11 ORIGINAL POST:
A player on an MLB Reserve List (40-man roster) signed to a non-guaranteed contract who is released more than 15 days prior to Opening Day receives 30 days salary as termination pay (paid at the "minor league rate" if the player is signed to a "split contract"), and a player on an MLB Reserve List signed to a non-guaranteed contract who is released 15 or fewer days prior to Opening Day receives 45 days salary as termination pay (all players paid at the "Major League rate"). A player on an MLB Reserve List signed to a non-guaranteed contract who is released during the MLB regular season receives 100% of his salary as termination pay (paid at the "minor league rate" for players on Optional Assignment to the minors). An unsigned player on an MLB Reserve List released during the off-season receives no termination pay.
So this coming Tuesday (3/13) is the last day a club can release a player on its MLB 40-man roster who is signed to a non-guaranteed contract and pay the player only 30 days salary (which is about 1/6 of the player's salary) as termination pay - AND - at the "minor league rate" if the player is signed to a split contract (meaning the player's salary varies depending on whether the player is on the club's MLB 25-man roster or is on Optional Assignment to the minors).
What this means is that if (for example) RHRP Shae Simmons (who has had shoulder issues recently and a long history of arm problems throughout his career) is signed to a non-guaranteed contract and then is released by this coming Tuesday, the Cubs would only have to pay him about $20,000 (30 days pay based on his minor league split salary of $120K) as termination pay. If the Cubs were to wait until after Tuesday but still release Simmons prior to MLB Opening Day, he would get 45 days pay based on his major league salary (1/4 of $750K, or about $187,500, a difference of about $165K). What the Cubs CANNOT do is send Simmons to the minors by optional or outright assignment while he is injured, because a club (in most cases) cannot option a player to the minors while he is injured and also cannot place a player on Outright Assignment Waivers unless and until a player is able to immediately render service to whatever club might claim him.
If Simmons has a shoulder injury and the Cubs do not release him prior to MLB Opening Day, the only other choice the Cubs would have would be to place him on the club's MLB 10-day (or 60-day) DL by MLB Opening Day and owe him the full $750K but with the possibility that he might be able to pitch later in the season, or possibly release him a a later date (but still owe him 100% of his 2018 salary as termination pay).
These two release deadlines (30 days salary -- with a variance if the player is signed to a "split" contract" -- as termination pay if the player is released more than 15 days prior to MLB Opening Day, and 45 days salary -- paid at the "major league rate" for players signed to a "split contract" -- as termination pay if the player is released 15 days or fewer prior to MLB Opening Day) apply to all players on a club's MLB 40-man roster who are signed to non-guaranteed contracts, which would include ALL pre-arbitration (auto-renewal) players as well as any player who is awarded a contract by an arbitration panel (even if the player loses in the hearing), which would include RHRP Justin Grimm.
So look for the Cubs to possibly release one or more players currently on their MLB 40-man roster prior to MLB Opening Day, perhaps even by this coming Tuesday.
crunch 5 hours 38 min ago (view)
side note...k.wong is on 1st putting on one of those "baserunning mitts" (hand protection for sliding) that's extending past the length of his hand/fingers by at least 2-3 inches.
they're going to have to start regulating this piece of equipment if this keeps up...
crunch 7 hours 44 min ago (view)
Q with LAA in his debut for them...HBP, a wild pitch, and BB through 7 pitches...then 3 pop-outs to follow.
blah blah spring training...
baseball on TV...neat.
First.Pitch.120 10 hours 59 min ago (view)
We just traded for Maddux!!! ......... nope, the other one.
crunch 23 hours 30 min ago (view)
yeah, i'm just saying i did consider piling onto it with a troll-level post about the trade...it's practically asking to be written that way.
jeff passan did it quite well... https://twitter.com/jeffpassan/status/136577746706...
that said, i had no idea zach bryant existed before today, but his early numbers looked oddly good (which means nothing without context that early in his career).
Charlie 1 day 9 min ago (view)
Oh, I mean the trade. You were quite diligent in posting!
crunch 1 day 3 hours ago (view)
i contemplated writing the post totally trolled out as hell with "zach" coming after a wall of text.
i decided the cubs being cheap was enough pre-season punishment without piling on.
Charlie 1 day 4 hours ago (view)
This is a straight up troll
crunch 1 day 5 hours ago (view)
rsox aquiring ZACH bryant from the cubs.
ptbn from the josh osich deal.
totally useless trade...hopefully not a terrible loss.
Hagsag 2 days 7 hours ago (view)
Chase Strumpf and Andy Weber invited to the ML camp.
Dolorous Jon Lester 2 days 12 hours ago (view)
Ryan Tepera returns. Major League deal
crunch 3 days 10 hours ago (view)
spring training TV is usually fluid...adding and subtracting broadcast games...
first cubs TV (as of now) is March 3 (wednesday) on ESPN at 3pm EST.
radio broadcasts available for almost every game that's not televised. the cubs get going on monday and some other teams will start the day before.
crunch 4 days 7 hours ago (view)
dj snelton's left elbow is screwed up...6 weeks rest then re-evaluate.
looks like he's going to try to avoid having surgery.
Arizona Phil 4 days 22 hours ago (view)
AAA leagues really need to play through the month of September, because with September rosters being limited to 28 instead of 40, players will need to be moved back & forth between MLB and AAA throughout the month of September instead of just through the month of August.
Mike Wellman 6 days 6 hours ago (view)
I get you, SW. Here in Des Moines, Cardinal fans flocked to I-Cub games when Memphis Redbirds were in town. That won't happen in '21 and even if it does in '22 & beyond it won't be as frequent as when they were in the same division. Not that I'll miss seeing Cardinal gear @ our ballpark...
Dolorous Jon Lester 6 days 7 hours ago (view)
Ervin claimed by Braves. So we lose a potential future (and also current) asset in exchange for one year of a very mediocre Jake Marisnick.
This team has no direction at the moment.
Sonicwind75 6 days 8 hours ago (view)
As a midwest kid now living in Texas, new scheduling is a bummer. Only get a chance to drive and see Cubs once every 3 years with interleague. Really looked forward to those games in Round Rock and the one season in San Antonio. I understand it makes more sense in the big picture, just selfishly disappointed.