https://www.usatoday.com/story/sports/mlb/columnist/bob-nightengale/2024/03/03/nick-ahmed-san-francisco-giants-arizona-diamondbacks/72820141007/
Nightengale (IYKYK). MLBTR got a whole post out of that one sentence!
â» MLB team executives widely believe that two-time Cy Young winner Blake Snell will ultimately sign with the Los Angeles Angels or possibly the San Francisco Giants, while Texas Rangersâ postseason hero Jordan Montgomery will wind up with the Boston Red Sox.
â» The Philadelphia Phillies have interest in Blake Snell, but only on a one-year or short-term contract.
Even as a short-term signing, however, Snell has its drawbacks for the Phillies. The club would have to give up $1MM in international bonus pool funds and its second- and fifth-highest picks in the 2024 draft, because Snell rejected a qualifying offer and because Philadelphia was a luxury-tax payor in 2023. In fact, the Phils have crossed the Competitive Balance Tax threshold in each of the last two years and are poised to make it a trifecta in 2024, with a projected CBT number of $261MM (as per RosterResource).
This figure is already over the second-highest penalty threshold of $257MM, and adding Snell would surely put Philadelphia over the third tier of $277MM. Teams who cross that third tier face the further penalty of a ten-slot drop for their first selection in the following seasonâs draft, as well as even steeper financial costs. As a three-time tax payor, the Phillies would be taxed at a 95% rate for every dollar spent above the $277MM mark.