July 25: Jackson has been unconditionally released, the Rangers announced.
July 23: The Rangers announced Wednesday that they’ve reinstated right-hander Jon Gray from the 60-day injured list. To make space on the active and 40-man rosters, reliever Luke Jackson has been designated for assignment.
Gray, 33, is in the final season of a four-year, $56MM contract signed in free agency. He’s been a solid if unspectacular presence in the middle of the Texas rotation, tossing a combined 387 1/3 innings of 4.16 ERA ball while fanning 22.4% of his opponents versus a 7.5% walk rate. Gray has yet to pitch this season after suffering a fracture when a comeback line-drive struck him in the forearm late in spring training.
It’s not immediately clear when or whether Gray will slot back into the rotation. The Rangers had given some thought to using him out of the bullpen over the winter, and the rotation in Texas has generally been strong. Kumar Rocker has been the least-effective Texas starter overall, but he’s rattled off a 3.34 ERA over his past six starts. Jack Leiter has pitched well of late as well. There were also plenty of trade rumblings about Gray in the winter, but his value isn’t exactly at a high point after missing the entire season to date.
At least for today, there’s no urgent rush to answer the question. Gray pitched on July 19, so his would-be turn in the rotation isn’t up yet. Texas is off tomorrow, too, affording them extra time to plan things out. Patrick Corbin gets the nod in tonight’s start against the visiting A’s. The Rangers have Rocker listed as probable for Friday, a TBD listed for Saturday and Leiter listed as Sunday’s probable starter. Gray’s return and tomorrow’s off-day could impact plans.
Jackson, 33, leads the Rangers with nine saves but hasn’t pitched especially well. He currently owns a 4.11 earned run average with rate stats that make even that number feel a bit fortunate. The right-hander’s 15.8% strikeout rate is the eighth-lowest mark among the 175 major league relievers to have tossed at least 30 innings this season. Only 17 of those 175 relievers have a higher walk rate than Jackson’s 12.5% clip, and he’s also plunked a pair of batters. Metrics like FIP (5.01) and SIERA (4.79) paint a rather unfavorable picture.
The Rangers signed Jackson to a one-year, $1.5MM deal in free agency. He’s already earned $450K of incentives based on appearances. He’s one game shy of a $175K bonus, but if the Rangers were truly concerned about him reaching those incentive milestones, they’d likely have made a move sooner. Jackson earned $75K for reaching 20 games, $100K for reaching 25 games, $125K for 30 games and $150K for 35 games.
Texas will have five days to trade Jackson, place him on outright waivers or place him on release waivers. He has enough service time to reject an outright and retain the remainder of his guaranteed salary anyhow, so it seems unlikely he’d accept an outright upon clearing waivers. A release is the most probable outcome, given that any team trading for Jackson would remain on the hook for the rest of his incentives (which continue in increasing increments up through 60 appearances). Upon clearing release waivers, he’d be free to sign anywhere for only the prorated league minimum, and the remainder of those incentives would become moot. Texas would be on the hook for the rest of his $1.5MM guarantee, minus the prorated minimum for any time he spends on another club’s roster.