Nick Nelson

Last weekend, I traveled down to Nashville to see one of my best friends get married. The fantastic event took place at the Gaylord Opryland Resort and Convention Center, which coincidentally is where general managers and other key executives from around baseball will congregate next week for the annual Winter Meetings. Rather than flying, we elected to drive down to Tennessee for the wedding. It was a slow, dull, 14-hour road trip that involved staring into endless cornfields and finding ways to pass the time. Actually, it was somewhat remindful of the Twins' offseason up until yesterday[PRBREAK][/PRBREAK], when the club finally broke the ice by trading Denard Span to the Nationals for pitching prospect Alex Meyer. While a good move, it's geared toward the long-term and does nothing to benefit the 2013 team. To that end, the Twins still haven't made any splashes in free agency, and even the faint rumors we've been privvy to – those involving names like Francisco Liriano, Carl Pavano and Brett Myers – have hardly provided jolts of excitement for the fan base. As a result, there's been consternation amongst fans anxious to see some motion from the front office, but the truth is that things have been quiet all around the league. Typically we see at least a couple of the top dominoes fall in November, but here on the final day of the month, top-tier names like Zack Greinke, Josh Hamilton and Anibal Sanchez are still out there, along with the vast majority of their free agent counterparts. B.J. Upton is basically the only player we've seen sign a major deal. My theory is that this slow-developing market relates to the upcoming TV revenue boosts that will affect all 30 major-league teams. Agents who are looking ahead to the financial windfall on deck for next year – and the league-wide spending increases that will surely come along with it – are reluctant to settle for long-term contracts that adhere to established baselines. Certainly, this would help explain the inflated deals we've seen early on. We're in a transitional period right now, perhaps the early stages of a market shift, and it seems everyone is still trying to work through that dynamic. At some point, however, the action will pick up. There's a good chance it will be next week. We encourage everyone to stay tuned to Twins Daily, where we'll have news, analysis and discussion of any breaking news as it relates to the local nine.

With as many as four spots needing to be filled in the rotation, it figured that Terry Ryan – with his traditionally risk-averse nature in free agency – would target low-cost pitchers with upside who could be acquired on one-year deals. This strategy makes sense for a couple reasons: it adds multiple options to the starting pitching mix without requiring huge commitments, and hurlers looking for the one-year make-good deal ought be more apt to sign with a club that offers such wide-open opportunity in the rotation. If that was indeed Ryan's intended tack, he can't be pleased to see the Cubs aggressively following the same course. Already, Chicago has snatched up two of the most intriguing pitchers in this category. [PRBREAK][/PRBREAK] A few weeks ago, it was Scott Baker. And yesterday, the Cubs announced that they had inked Scott Feldman to a one-year deal. Much like Baker, Feldman is a pitcher with stretches of past success who is coming off a down year and looking to recoup some value. And much like Baker, Feldman hauled in more guaranteed cash than expected at $6 million. Yes, six million bucks for a guy who posted a 5.09 ERA last year, owns a 4.81 career mark, and has only once thrown more than 151 innings in a major-league season. Feldman offers some appeal as a guy who can operate in a swingman role and generally posts pretty decent peripherals, but he's nothing close to a reliable bet. His ERA has been above five in four of the past six seasons. The total seems somewhat extreme, at least from the perspective of an organization with less money to throw around than the Cubs, but perhaps only by the preset standards we entered this offseason with. As early names have come off the board, the numbers have ranged from eyebrow-raising to jaw-dropping. Purported reclamation projects are commanding as much as established mid-tier guys have in the past. We're to the point where Feldman's deal is actually being lauded by some as a value signing. If the trend continues, the Twins' money isn't going to go very far in free agency even if they hold steady with their budget, which is hardly assured. The inflated prices on the open market will also surely have an auxiliary effect on the trade market, where clubs with cost-controlled pitching can now increase their demands. At one point I thought a player like James Shields might come at a relative discount given that he's owed $21 million over the next two years, but now his contract is starting to look like a real bargain that many general managers could be competing to acquire. This environment leaves a team with finite funds and few palatable internal pitching options in an extremely tough spot. Even if Ryan has the green-light to spend, it's not clear that he should be splurging on the kind of deals that may be required to lock up adequate starters unless ownership is willing to commit to long-term payroll increases that will enable him to continue to build around large contracts for aging players. Yet, if Ryan shies away from the market, he's most likely submitting to at least another year of lousy on-field performance and the inevitable revenue drains that will come along with it. Additionally, he'd be doubling down on the ability of his own personnel to identify and develop young pitching talent for a rebuild, something they simply haven't done in recent years. The Cubs' signings of Baker and Feldman are bad news for the Twins, and not necessarily because Minnesota should have signed those players. The financial terms are highly troubling and indicative that there's going to be no such thing as a low-risk signing on the pitching market this winter. That will leave Ryan and Co. with almost no room for error.