Cardinals chairman Bill DeWitt Jr. spoke with reporters on Monday afternoon to conclude the organization’s Winter Warm-Up weekend. Unsurprisingly, he touched on the team’s biggest offseason storyline: the Nolan Arenado trade discussions.
Most notably, DeWitt said that the team wasn’t motivated to cut payroll in another area if they can’t line up an Arenado deal. “No, I don’t think so,” he replied when asked if a failure to trade the third baseman meant they needed to slash spending elsewhere (link via Katie Woo of The Athletic). President of baseball operations John Mozeliak made similar comments over the weekend, suggesting that ownership was supporting a higher payroll than the front office initially expected “because we haven’t been able to accomplish what we thought we would by now (on the trade market).”
Much of that is due to the no-trade rights of the Cards’ most expensive players. Willson Contreras and Sonny Gray each indicated they preferred to stay in St. Louis rather than waive their no-trade clauses. Arenado was more open to a trade in theory, though he nixed a deal to the Astros. That confirmed he’d be particular about his next destination if he were to move.
The Cardinals are on the hook for $64MM of the $74MM owed to Arenado over the next three seasons. The Rockies are responsible for $5MM annually over the next two years. A combined $12MM in salary over the next two seasons is deferred, reducing the Cardinals’ portion of the contract’s remaining net present value to around $60MM.
St. Louis has primarily focused on salary relief. The Astros were reportedly set to assume at least $45MM of the remaining money had Arenado not vetoed the trade. With Houston quickly moving on, talks have quieted over the past month. Mozeliak made clear over the weekend that the Cardinals are still trying to line up a trade that makes sense for everyone involved. That has been more challenging than the organization anticipated.
Nevertheless, there’s still a chance for a late-offseason deal. Derrick Goold of the St. Louis Post-Dispatch writes that there are multiple teams that would be open to circling back on Arenado if the Cardinals are open to paying down a bigger portion of the contract. It remains to be seen whether St. Louis will eventually be willing to do that, but they’re generally downplaying the need to make trades to cut spending at this point. There’s also the matter of free agency delaying the trade market. Alex Bregman remains unsigned and there’s surely some overlap between the teams involved on the two players.
Goold adds that some teams have called the Cardinals to see whether they can talk Gray off his opposition to waiving the no-trade clause. There’s nothing to suggest the righty is reconsidering that stance, though there’s no harm for other teams in trying to change his mind. Gray is owed $65MM over the next two seasons on his backloaded three-year free agent deal. He turned in a 3.84 ERA over 28 starts during his first season with St. Louis.