The Royals and Michael Lorenzen are reportedly in agreement on a one-year, $7MM contract. The deal, which is pending a physical, comes with a $5.5MM salary for next season. There’s a $12MM mutual option for 2026 that would come with a $1.5MM buyout if the Royals decline their end of the option. The contract also contains $1MM in performance bonuses for the CAA client.
Lorenzen heads back to Kansas City after finishing the ’24 campaign with the Royals. Kansas City acquired him from the Ranges in a deadline deal that sent reliever Walter Pennington to Texas. Lorenzen made a strong first impression, turning in a 1.57 ERA across 28 2/3 innings while starting six of his seven outings.
That capped off one of the better seasons of his decade-long MLB career. Lorenzen finished the year with a combined 3.31 earned run average over 130 1/3 innings. He started all but two of his 26 appearances. It was the third straight solid year since Lorenzen moved to the rotation. He’d turned in a 4.24 ERA over 18 starts for the Angels in 2022 and combined for a 4.18 mark in 153 innings between the Tigers and Phillies in ’23.
In each of those seasons, Lorenzen has found bottom line success despite an unimpressive strikeout and walk profile. That was particularly true last year. His 18.1% strikeout percentage and 11.2% walk rate are a few points worse than the respective league averages. Lorenzen has missed bats on fewer than 10% of his pitches in consecutive seasons. Last year’s 9.1% swinging strike rate was his lowest mark since 2018.
Lorenzen nevertheless carries a 3.90 ERA across nearly 400 innings over the last three seasons. While he has outperformed his peripherals in each season, teams seemingly remain skeptical about his chances of doing so yet again. Lorenzen has been limited to one-year contracts with base salaries below eight figures in each of the last four offseasons. He reportedly sought a two-year deal last winter. Lorenzen lingered in free agency deep into Spring Training before heading to Arlington on a modest $4.5MM guarantee with $2.5MM in performance bonuses.
The 33-year-old jumped on a deal earlier in the winter this time around. Lorenzen earns a slight pay bump relative to last season. He’ll also get the benefit of sticking with the same organization with which he ended the previous year. This is the first time since Lorenzen’s early-career run in the Cincinnati bullpen that he’ll stick with the same team over an offseason.
Kansas City lost some mid-rotation stability when they swapped Brady Singer for Jonathan India early in the offseason. That vacated a rotation spot for Kyle Wright, who is coming back from shoulder surgery that cost him the entire 2024 season. Lorenzen could compete with Wright and Alec Marsh for the fifth rotation spot behind Cole Ragans, Seth Lugo, Michael Wacha and Kris Bubic. Skipper Matt Quatraro could also turn to a six-man rotation or keep Lorenzen in long relief with the flexibility to move back into the rotation as injuries arise or workload management necessitates.
Previous reporting had indicated that Lorenzen, who had a bit of outfield experience with Cincinnati early in his career, could sign with a non-contender to take some at-bats. The idea would’ve been to reach the 20 games as a hitter necessary to qualify as a two-way player. That would’ve meant he would not have counted against a team’s 13-pitcher limit. There is no indication that the Royals — a team that made the Division Series last year and certainly intends to reach the playoffs again — is planning to do that.
Lorenzen’s salary brings the Royals’ payroll to roughly $121MM, according to the RosterResource calculations. They’d been around last year’s spending level before this signing, their first MLB contract since they re-signed Wacha shortly before free agency officially opened. It’s not clear how much room remains in the budget. Kansas City has reportedly looked for a middle-of-the-order bat after acquiring India to hit atop the lineup. Corner outfield and bullpen help are the biggest needs on paper.
ESPN’s Jeff Passan first reported the Royals and Lorenzen had agreed to a one-year, $7MM deal that included a $12MM mutual option. Anne Rogers of MLB.com reported the salary and the option buyout. Ken Rosenthal of the Athletic was first to mention the $1MM in bonuses. Image courtesy of Imagn.