The Rangers announced this afternoon that they’ve assigned right-hander Alexis Diaz outright to Triple-A. Diaz had previously been designated for assignment by Texas on Friday to make room for Jalen Beeks on the 40-man roster.
Diaz, 29, is a one-time All-Star and the younger brother of Dodgers closer Edwin Diaz. The younger Diaz was a 12th-round pick by the Reds back in 2015 who made his big league debut during the 2022 campaign. He made an immediate splash upon reaching the majors with a 1.89 ERA in 59 appearances, and made his lone All-Star appearance the following year after settling in as Cincinnati’s closer. An up-and-down 2024 season saw Diaz struggle to maintain his previous success, and while he did manage to get his ERA down below 4.00 by the end of the year thanks to a strong second half (2.83 ERA from July onwards), even those stronger months came with lackluster peripherals. His strikeout rate on the year plummeted from over 30% in both 2022 and ’23 all the way down to 22.7% in 2024.
By the time the 2025 season rolled around, Diaz’s uneven performance and shaky peripherals had gotten the better of him. The right-hander’s strikeout rate dropped further to just 20.0% last year, while his walk rate reached a career-high 14.1%. He ended up bouncing between the Reds, Dodgers, and Braves throughout the 2025 season, but was shelled to the tune of an 8.15 ERA and an 8.51 FIP across 18 appearances in the majors. That made it hardly surprising when Atlanta opted to outright Diaz off their roster, and he elected free agency shortly thereafter.
He wound up signing in Texas on a $1MM MLB guarantee. The decision to bring Diaz into the fold was a relatively low-risk one given the low cost of the deal, and the right-hander entered Spring Training competing for a spot in the Rangers bullpen with the upside of a potential set-up man or even closer if he managed to rediscover his early career form with the Reds. That’s not how Spring Training has gone so far, however. Diaz has allowed eight runs while recording just five outs across three spring appearances. He’s walked four batters and hit another while striking out just one opponent. He’s look entirely lost on the mound and, as a result, it was hardly a shock when passed through waivers unclaimed following his DFA.
Diaz has the requisite service time to decline his outright assignment, but in doing so would forfeit the $1MM salary he’s owed for the 2026 season. That makes it all but certain that Diaz will accept his outright assignment and stick with the Rangers at Triple-A Round Rock going forward. That gives the Rangers the opportunity to continue working with Diaz in hopes of helping to get him back on track. If their efforts are successful, the right-hander can be controlled via arbitration through the 2028 season. In the meantime, the Rangers will turn to Robert Garcia, Chris Martin, Jakob Junis, and Beeks for veteran help in their bullpen.
