Orioles general manager expects club to flex financial muscles

The Orioles were eliminated from the postseason by the Royals Wednesday, sending them into offseason mode. General manager Mike Elias spoke to the members of the media Thursday to address various topics related to the club. Most notably, he said that manager Brandon Hyde would return in 2025, though he was noncommittal about the rest of the coaching staff. Additionally, he said that he was “pretty confident” that payroll will be going up next year. Details were relayed by Andy Kostka of the Baltimore Banner and Roch Kubatko of MASNsports.com.

It was another good season for Baltimore this summer, in a sense, as they won 91 games and made the playoffs for a second consecutive year. It was also disappointing for many fans, though. The O’s won 101 games in 2023 and had a seemingly endless supply of young talent, which set expectations fairly high coming into 2024. The club was strong for much of the 2024 season but limped to the finish line with 10 fewer wins than the year before, settling for a wild-card berth. For a second straight year, they were quickly swept out of the postseason.

The disappointment will naturally lead to some finger pointing, though it seems Elias isn’t placing blame at Hyde’s feet. It’s always tough to discern whether a manager deserves credit and/or blame for a team’s performance and there were certainly things that were beyond the skipper’s control this year.

Rotation injuries were a key storyline for the O’s during the campaign as each of Kyle Bradish, John Means and Tyler Wells each required UCL surgery in June. The club tried to address the rotation at the deadline by acquiring Zach Eflin and Trevor Rogers. The Eflin pickup worked out well, but Rogers struggled after the jersey swap and was optioned down to the minors. The rotation issues were further compounded when Grayson Rodriguez hit the shelf with a lat injury in August, which eventually ended his season. Some players also just struggled as the season wore on, with Craig Kimbrel and Adley Rutschman being two prominent examples.

While Hyde’s contributions to the 2024 results can be debated, it seems Elias and the franchise have decided that a new skipper won’t be necessary. The club hasn’t been forthcoming about Hyde’s contractual status. It was reported in April 2022 that Hyde was under contract beyond that season as part of an extension that was quietly worked out in 2020, but with few details available apart from that. He eventually won American League Manager of the Year honors for the 2023 season and stuck around for 2024. It’s unclear if that 2020 extension is still going or if the two sides have done another deal away from prying eyes, but it seems Hyde will be back in the dugout next year regardless.

Elias and his front-office team will be tasked with building a roster that gives Hyde a chance to have a better finish in 2025. There will be some notable subtractions, as the O’s are set to lose ace Corbin Burnes and slugger Anthony Santander to free agency. The departure of Burnes will deprive them of a star who posted a 2.92 ERA over 32 starts, plus eight innings of one-run ball in the playoffs, while Santander’s exit takes a 44-homer bat out of the lineup.

The fact that Elias expects to have more financial resources to supplement the roster is good news, though it’s also not surprising. The Angelos family wasn’t investing much in the club during the final years of their reign. Per Cot’s Baseball Contracts, 2024 was the sixth straight year in which the club ran a bottom five payroll.

New owner David Rubenstein’s purchase of the club was officially approved by the league at the end of March and it’s generally been expected that he would ramp up spending from those recent low points. The aforementioned Eflin trade was perhaps a positive omen in that regard, as the righty is owed $18M next year. As shown in MLBTR’s Contract Tracker, Kimbrel’s $13M one-year pact is the largest deal given out since Elias took over as GM in November of 2018. Adding $18M to next year’s budget, plus the roughly one third of Eflin’s $11M salary in 2024 that was still to be paid out, could have been a signal that Rubenstein had signed off on giving Elias more spending power.

That doesn’t necessarily mean that Elias is going to go out and spend like the proverbial drunken sailor, though.

“We’ll see what happens,” the GM said in regards to the payroll question, per Jake Rill of MLB.com on X. “We’re going to be smart about it. And if it doesn’t happen for some reason, it’s not going to be because the financial support wasn’t there. It’s going to be because the people running this team thought it was the right thing to do from a number of levels on a case-by-case basis. But I want to reiterate that I don’t expect that to be the case.”

Ultimately, it may be something of a fresh start for Elias and his team. They have seemingly had very little financial resources to work with, which was fine for much of his tenure. He and the club were primarily focused on building a pipeline of young prospects and have succeeded. Just about every outlet has ranked them as having one of the top farm systems in recent years — if not the very top — which has allowed them to fill out their roster with young talent like Rutschman, Bradish, Rodriguez, Gunnar Henderson, Colton Cowser, Jackson Holliday and many more.

Some have argued that Elias should have had more willingness to trade that young talent as the club became competitive in recent years, particularly for more pitching depth that could have helped them overcome their injury woes this season, though perhaps the uncertainty around the club’s future payrolls led to some hesitation to give up cheap and controllable players.

How the new environment will change the club’s behavior will be an interesting offseason storyline. The free-agent market will feature a number of big names, with Burnes the top pitcher while star position players like Juan Soto, Alex Bregman, Pete Alonso and others will be available. Suddenly splurging on one of the top names would be a surprise but it should be possible for the O’s if the will is there. Per Cot’s, the club had a payroll as high as $164M before their recent rebuilding period. They were only at $93M in 2024 while RosterResource has them committed to just $37M next year. Arbitration raises and some club options will bring that number up but there should be lots of powder dry if the club decides to be aggressive.

The club still has a fairly strong position player group, even with Santander set to depart, so pitching would be the obvious place to spend. Felix Bautista is expected to return after missing 2024 recovering from Tommy John surgery. That will bolster the bullpen, but further reinforcements wouldn’t hurt. The rotation without Burnes could feature Eflin, Rodriguez and Dean Kremer. Young pitchers like Cade Povich and Chayce McDermott could work their way into the mix, while Rogers could get back on track after his disappointing season. Bradish and Wells could get back into the mix by midseason, but Means is slated for free agency.

It seems like Albert Suarez will be an option as well. Though he has far less than six years of service time, players who return from pitching in Japan or Korea often get provisions in their new contracts that allow them to become free agents regardless of service time considerations. That doesn’t appear to be the case with Suarez, even though he pitched in the KBO in 2022 and 2023. Per Matt Weyrich of the Baltimore Sun, Elias said this summer that the O’s would be able to keep him beyond 2024.

There are a number of options there but there’s still an argument for trying to bring back Burnes or another talented starter. Blake Snell is likely to opt out and join Burnes as a former Cy Young winner on the market. Max Fried, Jack Flaherty, Yusei Kikuchi, Luis Severino and plenty of other notable names will be out there as well. As recently as a year ago, the idea of connecting the Orioles to free agents of that caliber would have been a stretch, but it will seemingly be more plausible going forward.