With the Cardinals viewing next season as an opportunity to transition to a younger core, various St. Louis players jumped out as logical trade candidates. Ryan Helsley was chief among them, as the hard-throwing righty is one year from free agency. Helsley is one of the best relievers in baseball and would surely get a lot of attention on the trade market.
Nevertheless, Ken Rosenthal of the Athletic reports that teams in contact with the Cardinals expect St. Louis to hold their closer into next season. President of baseball operations John Mozeliak supported that notion. “(A trade is) something we will always remain open-minded to, but our plan is to have him be part of our organization,” Mozeliak told Rosenthal. That aligns with reporting from Derrick Goold of the St. Louis Post-Dispatch, who wrote last month that the Cards were inclined to keep Helsley unless blown away by the offers.
That stops a little short of taking him off the market entirely. It’s not quite as definitive a declaration as, say, A’s GM David Forst flatly stating they were going to keep designated hitter Brent Rooker last month. Still, it’s notable that the team’s front office leader went on record to downplay the possibility of a trade.
Helsley has had a dominant three-year run at the back of the bullpen. He broke out with a 1.25 earned run average across 64 2/3 innings in 2022. A forearm strain wiped out a few months of his ’23 campaign, but he posted a 2.45 ERA through 36 2/3 frames when able to take the mound. Helsley’s arm held up over a completely healthy season this year. He fired a career-best 66 1/3 innings with a 2.04 mark over 65 appearances.
After beginning his career in a setup role, Helsley proved himself an elite closer this past season. He led the majors with 49 saves while surrendering only four leads. He paced the National League with 62 games finished. Helsley punched out nearly 30% of opposing hitters against a tolerable 8.6% walk rate. Going back to the start of the ’22 season, he carries a 1.83 ERA with a huge 34.6% strikeout percentage through 167 2/3 innings.
That level of production behind a triple-digit fastball and wipeout slider would’ve made Helsley arguably the best reliever on the trade market. (One can debate whether he’s better than Milwaukee closer Devin Williams, who could be dealt before his final season of team control.) MLBTR contributor Matt Swartz projects Helsley for a $6.9MM salary during his final trip through the arbitration process. That’s well below market price for a lockdown closer.
Carrying Helsley into next season would be a frankly puzzling decision. The Cardinals surely feel they’d get a ton of interest at next summer’s deadline, though there’s always the possibility of an early-season injury tanking his trade value. An offseason trade would also keep open the chance for an acquiring team to recoup draft compensation if Helsley walks in free agency. Teams can only make a qualifying offer to players they’ve had on the roster for the whole season. A team that acquires Helsley before Opening Day could make him a QO next winter; one that lands him at the deadline could not.
Qualifying offers for relievers are rare but not unheard of. Raisel Iglesias and Josh Hader declined QOs before their trips to free agency. Edwin Díaz would’ve received a QO had he not re-signed just before hitting the market. A typical Helsley season could put him in that tier. There’s enough volatility with relievers that he certainly wouldn’t be a lock for the QO, but that possibility could hold some value to other teams now and would not exist over the summer.
The Cardinals themselves could make Helsley a qualifying offer if they don’t trade him at all. Speculation about a full teardown has quieted in recent weeks. Willson Contreras and Sonny Gray, both of whom have no-trade clauses, are unlikely to be dealt after expressing their preference to stick around. The Cards are expected to entertain trade possibilities on Nolan Arenado. Beyond that, they could run things back with most of last year’s roster. Paul Goldschmidt, Kyle Gibson, Andrew Kittredge and Lance Lynn were their free agents of note.
Perhaps the Cardinals feel they can hang in the NL Central mix if they get a few internal improvements. There’s still a decent amount of talent on a roster that finished above .500 at 83-79 this year. Winning the division would be a long shot unless they’re active in free agency, but they seem to be willing to at least see how things play out in the season’s first couple months.
