With the deal that sends Chicago White Sox reliever Sergio Santos to Toronto for Blue Jays prospect Nestor Molina, the Jays trade maybe their sixth-best pitching prospect for a very effective short reliever (whom they had previously when he was still a position player). This should take Toronto out of the market for free-agent closers, most of whom end up overpaid thanks to the winner's curse and the short peaks of most relievers' careers. The White Sox, on the other hand, get an extreme control right-hander without much of a breaking ball who could be a dominant two-pitch reliever, but is probably a year away from seriously contributing in the majors.
Santos was a shortstop (and not a good one) as recently as 2008, but converted to the mound in 2009 and raced to the majors even though he was mostly just an arm-strength guy at the time he switched roles. He's much more than that now, getting ahead with a mid-90s fastball but putting hitters away with a hard, extremely late-breaking slider that looks like it drops off a cliff at the last second. Santos threw 174 sliders in two-strike counts this year, according to Bloomberg Sports, and 57 percent of them resulted in strikeouts. The White Sox didn't use him much in number of games or within the games he pitched, with 80 percent of his outings comprised of one inning or less, so between that and his time as a position player, he's about as lightly used a reliever as you'll find in the big leagues. As long as Santos is healthy, he'll provide excellent value to the Blue Jays either on the field or in a trade a year or so from now, when he's a more "proven" closer.
Molina, also a converted infielder, has outstanding control, walking 16 batters in 130 innings in 2011 across two levels, most of it in high Class A. He has a solid-average fastball at 90-92 with a plus splitter, a pitch that made him more effective against left-handed batters than right-handed by more than 100 points of OPS this year. His breaking ball is a work in progress, to say the least, and he doesn't offer much projection, so there's still an open question of whether he can remain a starter with a midrotation ceiling or a late-game reliever. He should have a significant role in the 'pen even if he ends up exclusively a fastball/splitter guy. Molina is a good prospect, probably the best now in a fallow White Sox system, but the return seems a little light for a major league reliever signed to a very affordable three-year deal.
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