The Marlins are among the teams that have shown interest in free-agent righty Michael King, per Ken Rosenthal and Evan Drellich of The Athletic. Miami has frequently been linked to prominent bullpen arms in the offseason’s early stages as well, and the Fish are apparently planning to spend more heavily in free agency than in recent years (although that’s a pretty low bar to clear).
Skeptics will presume that the Marlins, like the A’s last offseason, are wary of running into a grievance pertaining to their allocation of revenue-sharing funds. Optimists will look at Miami’s hot finish to the 2025 season and the steps forward from young core pieces like Kyle Stowers, Jakob Marsee and Edward Cabrera as the driving factor behind the ostensible spending push. In reality, some of both are likely to be true.
Rosenthal and Drellich write that the Marlins are believed to be pulling in around $70MM annually in revenue-sharing. Teams that allocate under 150% of the revenue-sharing funds they receive to the roster (in terms of CBT obligations) can draw the union’s ire and fall subject to a grievance. That’s not true in every instance. Miami’s CBT ledger in 2025 came in around $85MM, per RosterResource. The Fish are projected for about $70MM of CBT considerations right now, however.
It seems that falling shy of that 150% threshold in consecutive seasons is what truly triggers the risk of a grievance. The A’s were the only perennial payroll cellar-dweller who seemed to be subject to a potential grievance last offseason. (They responded by signing Luis Severino and Jose Leclerc and extending Brent Rooker and Lawrence Butler.) None of the Pirates, Marlins or Rays seemed to face the same pressure.
However, each of Pittsburgh, Miami and Tampa Bay had been well over $100MM in CBT considerations in each of the preceding seasons. The A’s trotted out CBT numbers between $68MM and $84MM from 2022-24 before finally opening the wallet a bit to avoid that potential grievance. Rosenthal and Drellich also suggest that the Marlins may want to avoid any in-fighting with other clubs during the upcoming CBA talks, where luxury tax payors could argue that the Marlins aren’t using their funds properly. Readers are encouraged to check out the piece for full, more granular details on the matter and thoughts from other club officials and agents who weight in when chatting with The Athletic duo.
Regardless of the motivation, the fact that King is on Miami’s radar is notable. He’s a former Marlins draft pick, though that came under prior ownership and a different front office regime, so those ties are minimal at this point. King would step into a rotation that also includes the previously mentioned Cabrera, Sandy Alcantara, Eury Perez, Braxton Garrett and Ryan Weathers — with prospects Thomas White, Robby Snelling, Dax Fulton and Max Meyer (on the mend from surgery) all factoring in as possible options as well.
King, 30, has been excellent since moving from a swingman role with the Yankees — who acquired him in 2017’s Garrett Cooper swap — into the rotation late in the 2023 season. His 2025 campaign was shortened by a nerve injury in his shoulder and a knee injury late in the season, but King boasts a terrific 2.93 ERA (3.50 FIP, 3.66 SIERA) with a 27.4% strikeout rate and 8.3% walk rate in 53 starts since moving to a rotation role full-time.
Adding King would give Miami a playoff-caliber starter to pair with arms like Alcantara, Cabrera and Perez. He’d also make it easier for the Fish to entertain offers on young pitching, whether that be Cabrera, Weathers or some of those vaunted prospects (headlined by White). The Marlins could also give stronger consideration to dealing Alcantara if they add a veteran starter, but they’d still be selling somewhat low on him (and trading Alcantara would offset much of the payroll gains they’d obtain by signing King).
The Marlins are on the lookout for meaningful offensive upgrades, but the free agent market is generally thin on impact hitters this offseason. If the Fish instead choose to further deepen an organizational strength, they could use their stock of quality young arms to explore the trade market in search of more meaningful upgrades at the infield corners, designated hitter and/or in right field.
King rejected a $22.025MM qualifying offer from the Padres. The Marlins would pay the lightest of three penalty tiers for signing him, due to their status as a revenue-sharing recipient. Signing King would require Miami to its third-highest pick in the 2026 draft.
The Mets are therefore taking on a slightly bigger tax hit while reducing the amount of overall dollars owed, while the Rangers are reducing their tax number but adding more overall money to their books. That adds an interesting wrinkle for a Texas club that was expected to reduce payroll this winter, though it is worth noting that the Rangers cleared a good chunk of money off the books (a projected $21.1MM) on Friday 
2023 was Semien’s last year as a premium hitter, as he hit .276/.348/.478 with 29 homers over 753 PA for the Rangers’ World Series team. Semien delivered a 128 wRC+ that year, and his key role in Texas’ first championship will forever make him a beloved figure in Arlington. After that dream season, however, Semien dropped to a 101 wRC+ in 2024, and then a subpar 89 wRC+ in 2025. A .251 BABIP over the last two seasons is a partial explanation, yet the bigger culprit is a sizeable decline in power.