Who are the Yankees' bullpen targets?

The Yankees are primarily focused on bullpen additions at this stage of the offseason and have been tied to various free agents over the past few weeks. Right-hander Hector Neris has been among the most oft-cited potential targets for the Yanks, and while SNY’s Andy Martino writes that the team has indeed spoken to the 34-year-old Neris, he also has “serious” interest from teams outside New York. 

The YES Network’s Jack Curry, meanwhile, hears that Neris isn’t likely to land in the Bronx as of this moment (video link). Reunions with southpaw Wandy Peralta and/or righty Keynan Middleton seem likelier than signing Neris, according to Curry.

Neris, 34, has been eyeing a one- or two-year deal worth $7M-11M annually, per Martino. For a Yankees club that’s well into the final tier of luxury tax penalties and is a third-time CBT offender, that’d mean effectively paying Neris between $14.7M and $24.2M in 2024; any additional free-agent spending at this point will come with a 110% luxury hit. As such, it’s not particularly surprising to see the Yankees looking at lower-cost alternatives.

The 32-year-old Peralta has been a fixture in the Yankees’ bullpen for the past three seasons. From 2021-23, he logged 153 innings of 2.82 ERA ball with a 21% strikeout rate, 10.2% walk rate and a huge 56.5% ground-ball rate. In addition to keeping the ball on the ground at a strong clip, Peralta manages hard contact quite well. He’s been in the 88th percentile or better in opponents’ average exit velocity in each of the past four seasons, per Statcast. The Mets have also spoken to Peralta in recent weeks, though they face the same CBT status and probably feel less urgency to get into any sort of bidding war, as they’re in more of a transitional state than the clearly win-now Yankees.

Middleton, 30, was a deadline pickup by the Yankees and pitched to a 1.88 ERA with a 30.4% strikeout rate and 12.5% walk rate in 14 1/3 innings down the stretch. Inflammation in his right shoulder cost him most of September, but he did make it back to the mound for one final appearance on Sept. 29.

That nice showing with the Yankees capped a fine rebound season for the former Angels hurler. In 50 2/3 innings between the White Sox and Yankees, Middleton notched a 3.38 ERA, 30.2% strikeout rate, 10.8% walk rate and career-best 56.6% ground-ball rate that was 24 percentage points higher than the career mark he carried into the season. The right-hander threw his four-seamer at a career-low 26.3% clip and tossed his changeup at a 42.9% clip that was far and away the highest of his career, which likely accounts for the stark uptick in grounders. Middleton threw more changeups in 2023 (367) than he had in his entire career combined (237). Opponents beat the offering into the ground at a hefty 64.6% clip and managed only a .209 average when putting it in play.