11:32am: The two teams have announced the trade.
11:11am: The Dodgers and White Sox are in agreement on a trade sending outfielder AJ Pollock to Chicago in exchange for reliever Craig Kimbrel, reports Mark Feinsand of MLB.com (Twitter link).
It’s a fairly stunning blockbuster involving two high-profile and highly paid veterans. Pollock is earning $10MM this season and is owed at least a $5MM buyout on a $10MM player option for the 2023 season. Kimbrel, meanwhile, is slated to earn $16MM this coming season after the ChiSox picked up a 2022 club option despite a poor performance following the trade that sent him from Chicago’s north side to the south side last summer.
ESPN’s Jeff Passan tweets that there is no money changing hands in the deal, which means the Dodgers are effectively adding an extra million dollars in financial commitments (assuming Pollock declines his player option at a net $5MM and tests free agency next winter). The Dodgers will also see their luxury ledger tick upward a bit as a result of the trade. Pollock’s contract was a four-year, $55MM deal but counted as five years and $60MM for luxury tax purposes, as the player option on the end of the contract was considered guaranteed money. Thus, the contract carried a $12MM luxury hit. As Matt Gelb of The Athletic recently reported, the new CBA stipulates that a traded contract’s remaining actual dollars will count toward the luxury tax. As such, Kimbrel will now represent a $16MM luxury hit for the Dodgers (rather than the $14.5MM he’d have represented under previous rules).
Setting aside the financial component of the blockbuster swap, the trade fills a need for both teams. The Dodgers’ bullpen was lacking a shutdown option late in the game, and Kimbrel restored his credibility as a dynamic ninth-inning option through the first four months of the 2021 season while closing games for the Cubs. He’ll now join Blake Treinen, Daniel Hudson and young flamethrower Brusdar Graterol at the back of the Los Angeles bullpen.
Meanwhile, the White Sox have yet to address a glaring hole in right field all offseason. The closest the Sox had come to bolstering the right field position was a recent trade for the Phillies’ Adam Haseley, but the Sox announced that Haseley was optioned to Triple-A just minutes before word of today’s trade broke. Pollock will now step right into the outfield mix, giving the Sox a quality option to pair with center fielder Luis Robert and left fielder Eloy Jimenez. The Sox went much of the 2021 season with first basemen Andrew Vaughn and Gavin Sheets masquerading as corner outfielders, so bringing Pollock into the fold will give them a true outfielder — and a solid defensive one at that.
More to come.