If you're wondering why there continues to be a whole lot of talk and little action on baseball's Hot Stove front this week, circle Dec. 1 on your calendar.
That's the deadline for clubs offering salary arbitration to any of their own free agents.
Most importantly, of course is this: If arbitration is offered, the signing team must compensate the player's old team with a draft pick. Now that might not be of concern to clubs chasing the biggest free-agent prizes this winter -- Mark Teixeira, Manny Ramirez, CC Sabathia, et. al. -- it definitely comes into play with the next-tier guys.
Consequently, many clubs are in wait mode until after Monday. Maybe San Francisco is interested in shortstop Edgar Renteria if Rafael Furcal signs elsewhere, but the Giants surely would wait until after Monday to see whether Detroit offers him arbitration (which the Tigers aren't expected to do).
And maybe Cleveland will make an offer to a free-agent closer -- Trevor Hoffman? Kerry Wood? -- but from where the Indians sit right now, in a market saturated with closers, it makes a whole lot more sense for them to wait and see who might be available that wouldn't cost them a draft pick.
While Dec. 1 is the date by which clubs must offer their free agents salary arbitration or cut bait with them for good, the players have until Dec. 7 to decide whether or not to accept.
Which is why a couple of executives with whom I've spoken this week said they think the winter meetings -- which begin Dec. 8 in Las Vegas -- will be where the action is this year.
The economy continues to be on the minds of front-office executives and may wind up affecting this winter's player market more than we thought.
"It's pretty treacherous for us," says Cleveland GM Mark Shapiro, whose needs include a closer and an infielder (second or third base or shortstop). "The economic situation is a real factor here. We're seeing it in season-ticket renewals. Some of our city issues pre-date the international and national economic issues, and those are amplifying our city issues.
"It's a challenge. We're trying to get our arms around it and see how it affects our revenues."
In Toronto, meanwhile, the Blue Jays already are resigned to not filling every item on their winter wish list (starting pitching, big bat in the middle of the lineup).
"The Canadian dollar isn't as strong, and we're taking a hit with the United States' dollar with the exchange rate," Blue Jays GM J.P. RIcciardi says. "The world in general is being affected by this, and to stick our head in the sand and say it's not affecting us is crazy.
"We're talking about people's discretionary spending, and they might not spend it."
Things have changed in Toronto, even from season's end to now.
"What we thought at the end of the season and what we think now is different," Ricciardi said.
Random other items:
-- The Los Angeles Angels' sudden turn toward CC Sabathia, explained here by colleague Danny Knobler, should really rattle the Yankees' cage. Even with Milwaukee offering five years and $100 million, until the Angels decided to get so aggressive, most executives with whom I've spoken figured the ace would sign with the Yankees.
"I've heard talk of this guy wanting to do this and do that, but you know what? They all follow the money," one National League executive said. "It's just the facts of life."
"I don't think the Yankees will allow him to go anywhere else," one AL GM said, referring to the enormous contract the Yankees reportedly have offered. "Wherever he goes, it's going to have to be to someone who has a giant payroll and can absorb it if he gets hurt."
The Yankees qualify in that department. So, too, do the Angels.
-- Toronto GM J.P. Ricciardi says the Blue Jays don't have an offer out to pitcher A.J. Burnett right now and have not spoken with agent Derek Braunauer about the length of a potential deal.
-- One National League executive on pitcher Jeremy Affeldt's two-year, $8-million deal with San Francisco: "I think Affeldt might be the smartest free agent out there. He had a deal on the table and said, 'Screw it, I'm taking it.'"
-- Clubs looking for infield help are not seeing any quick fixes in a free-agent market that includes Rafael Furcal (the most sought-after, by far), Orlando Hudson, Ray Durham, Edgar Renteria, Orlando Cabrera, Casey Blake and Joe Crede. Hudson and Crede are coming off of injuries, Blake and Durham are into their upper-30s and Renteria is coming off of a miserable season in Detroit during which scouts were alarmed at both his lack of defensive range and his lack of arm. "Extremely thin market," one GM says. "A lot of it is flawed."
-- Minnesota, the Los Angeles Dodgers and Cleveland continue to be the most aggressive suitors for Casey Blake, though his agent, Jim McDowell, did say Tuesday that there is a small group of four or five other clubs that have "stayed close." "I don't expect anything to happen this week," McDowell said. "We've had good discussions with several teams." Blake's versatility -- he can play the outfield and first base in addition to third, and the Dodgers even used him at second base in a playoff game this fall -- may wind up being his strongest selling point.