Ryan Pressly Announces Retirement
Two-time All-Star reliever Ryan Pressly has decided to retire after 13 Major League seasons. In a statement to The Athletic’s Chandler Rome and Ken Rosenthal, Pressly said his decision is “bittersweet, but what a ride it’s been….The friendships — from bullpen brothers to vets who mentored me along the way — those bonds last a lifetime. I’ll miss the banter in the ‘pen, the inside jokes that kept us loose on those high-leverage nights. But I’m fired up for this next chapter with my family, and chasing whatever adventure comes next.”
Pressly retires with a 3.33 ERA, 25.2% strikeout rate, 48.5% grounder rate, and 7.2% walk rate over 691 1/3 career innings with the Twins, Astros, and Cubs. Since the start of the 2013 season, only six pitchers have appeared in more games than Pressly, who made 667 trips from the bullpen to the mound.
Never a big velocity pitcher, Pressly succeeded thanks to an excellent slider-curveball combination, and a ton of spin on both his curve and fastball. From 2017-25, Pressly ranked in no less than the 99th percentile of all pitchers in curveball spin, and no less than the 95th percentile in fastball spin rate. These fantastic spin rates helped Pressly miss a lot of bats, and turn a lot of hard contact into easy outs on the ground.
Originally an 11th-round pick for the Red Sox back in the 2007 draft, Pressly never pitched for Boston at the MLB level, as the Twins plucked him out of Boston’s farm system in the 2012 Rule 5 Draft. Pressly had never even pitched at the Triple-A level before making his big league debut with Minnesota in 2013, but he hit the ground running with a 3.87 ERA over 49 games and 76 2/3 frames, immediately establishing himself as a multi-inning bullpen workhorse.
Injuries and a couple of stints in the minors interrupted Pressly’s time with the Twins, but his solid work saw him receive more high-leverage opportunities. By the time Minnesota dealt Pressly to Houston at the 2018 trade deadline, the right-hander was acting as the Twins’ set-up man, and he continued that role in the Astros’ relief corps. Pressly was outstanding down the stretch for the Astros in 2018, and his excellent work as a set-up man in 2019 earned Pressly his first All-Star nod.
This led to another promotion to the closer’s job in 2020, kicking off a four-year stint that saw Pressly record 102 saves in 118 chances while recording a 2.99 ERA, 31.5% strikeout rate, and 6.2% walk rate. Despite this high-profile role on a playoff regular, Pressly’s success flew somewhat under the radar — perhaps because he never received many free agent headlines since the Astros kept (wisely) extending him.
Pressly inked a two-year, $17.5MM deal in advance of the 2019 season that became a three-year, $27.5MM deal after he reached enough appearances to trigger a vesting option for the third year. In April 2022, Pressly signed another extension that ended up paying him $42MM over a three-year span (2023-25) once he hit another vesting threshold. While it’s possible Pressly might’ve banked a bit more money if he’d tested the open market, he was very happy playing close to home (Pressly hails from Dallas and his wife is from Houston) and playing for a frequent contender.
The Astros’ regular trips to the postseason allowed Pressly the chance to shine on the biggest stages in baseball, and he delivered with a 2.78 ERA over 45 1/3 career playoff innings, including a streak of 22 2/3 innings without allowing an earned run. Pressly’s run in Houston was highlighted by the team’s World Series title in 2022, and he threw the final inning of the Astros’ combined no-hitter in Game 4, and he picked up the save in both Game 5 and the clinching Game 6.
Despite Pressly’s continued success at closer, the Astros chose to double down on their relief depth by acquiring Josh Hader during the 2023-24 offseason, which resulted in Pressly’s return to a set-up role. While he continued to pitch well, his $14MM price tag got a bit too hefty for an Astros team trying to limit its luxury tax bill, and Pressly agreed to waive his no-trade protection to approve a deal to the Cubs last winter. Unfortunately for Pressly, he struggled in what ended up being his final MLB season, and Chicago released the reliever in August.
It was a little surprising that Pressly didn’t catch on anywhere following the release, and both the Twins and Astros were reportedly considering reunions. Retirement was apparently an option for Pressly even over the summer, however, and after some time to weigh the decision, he has decided to walk away from the game at age 37.
We at MLB Trade Rumors congratulate Pressly on an excellent career, and we wish him the best in his post-playing endeavors.
Cubs, Yacksel Rios Agree To Minor League Contract
The Cubs are in agreement with reliever Yacksel Ríos on a minor league deal, reports Francys Romero. The MAS+ Agency client had elected minor league free agency at the beginning of the offseason.
Ríos is a 32-year-old righty who has logged parts of six seasons in the majors. The Puerto Rico native got the majority of his work early in his career as a member of the Phillies. He saw more limited action with the Pirates, Mariners, Red Sox and Athletics between 2019-23. Ríos has spent the last two seasons in the Mets organization without getting a look at the MLB level.
That’s in large part due to health concerns. Ríos had a 3.30 ERA over 30 Triple-A innings in 2024 before suffering an injury towards the end of June. He missed the remainder of the season and essentially all of 2025. Ríos pitched in the low minors on a rehab assignment but didn’t make it back to Triple-A until the middle of September. He gave up four runs in his first appearance, then tossed a perfect frame with a strikeout to close his season.
Ríos owns a 6.32 ERA in a little less than 100 innings at the big league level. He has tossed 200 1/3 frames of 4.13 ERA ball with a 24.5% strikeout rate in his Triple-A career. Ríos averaged 97 MPH on his fastball during his brief Triple-A work last year. He’s unlikely to get serious consideration for an Opening Day job but should work as a hard-throwing depth piece for Triple-A Iowa.
Cubs Could Use Matt Shaw In Outfield
The Cubs made a big addition to their infield this week by signing Alex Bregman to a five-year deal. That has led to speculation about the club then pivoting to a trade of another infielder, such as Nico Hoerner or Matt Shaw. At Bregman’s introductory press conference today, president of baseball operations Jed Hoyer admitted that they have received more calls from other clubs about Hoerner and Shaw this week, per Bruce Levine of 670 The Score. But that doesn’t mean they plan to trade either and Hoyer said Shaw could spend some time in the outfield this year, per Jesse Rogers of ESPN, which would help him get into the lineup more.
The Cubs came into the winter with a projected infield alignment of Shaw at third, Dansby Swanson at short, Hoerner at second and Michael Busch at first. Adding Bregman at third blocks Shaw from a regular role. He has primarily been a third baseman but has dabbled in the middle infield as well. That has contributed somewhat to the Hoerner trade speculation. Since Hoerner is an impending free agent, there’s an argument for flipping him now and putting Shaw at second base.
But Hoerner is far more established as a useful big leaguer than Shaw. The latter just made his debut last year and has 126 big league games under his belt. In that time, he produced a subpar batting line of .226/.295/.394, leading to a 93 wRC+. He was better in the second half, with a .258/.317/.522 line and 130 wRC+, but in a fairly small sample of 205 plate appearances.
Hoerner, on the other hand, has been a regular for years. He played in at least 135 games in each of the past four campaigns. He doesn’t have huge power but is tough to strike out and has consistently been an above-average hitter with that contact approach. He also has excellent defense and speed. The combination has been worth at least 3.9 wins above replacement for four straight years, per FanGraphs.
Subtracting Hoerner and subbing in Shaw would run the risk of noticeably downgrading the team in 2026, a year in which the Cubs clearly want to compete. They just made the postseason in 2025 and have been aggressively adding to the club this winter via their Bregman signing and the Edward Cabrera trade.
If some team gives them a strong offer, they would naturally have to consider the pros and cons. Just in the past week, the Giants, Mariners and Yankees have been connected to Hoerner in rumors. But it also appears the club could be leaning towards using Shaw in a utility capacity this year. If Hoerner is not extended, he would depart after 2026, opening up second base for Shaw to have a more regular role.
Shaw doesn’t have outfield experience as a professional. Since being selected 13th overall in 2023, he has played third base and the two middle infield spots in the minors. In the big leagues last year, he mostly played third with just six innings at the keystone and none at shortstop. He did play a bit of outfield in the early parts of his collegiate career but was mostly kept in the middle infield as time went on.
During his major league time last year, Shaw’s sprint speed was ranked in the 90th percentile of major leaguers. That athleticism gives him a nice head-start in terms of being a viable outfielder but the Cubs will presumably want to get him reps in spring if they plan to follow through on using Shaw as a super utility guy.
Teams love that kind of versatility and there could be clear benefits for the Cubs in terms of playing matchups. Shaw hits from the right side and had noticeable platoon splits in his first big league season. He had a .218/.287/.362 line and 82 wRC+ against righties but a .250/.318/.490 line and 125 wRC+ with the platoon advantage.
The Cubs project to have a few lefty bats in their regular lineup, with Pete Crow-Armstrong in center, Busch at first base and Moisés Ballesteros likely doing some catching and serving as the designated hitter. They all have fared better against righties in their respective careers, with Crow-Armstrong having particular struggles against southpaws. Ian Happ is also a switch-hitter who has had more success as a lefty bat in his career.
There’s also the fact that Seiya Suzuki could spend more time in the outfield with the way the roster is currently constructed. He was largely the designated hitter last year but the departure of Kyle Tucker means he is slated to take more time on the grass. Outs Above Average has ranked Suzuki as six outs below par in his career and Defensive Runs Saved has put him at negative five. Even if he gets a lot of starts, the Cubs could look to replace him defensively late in games. Having another viable outfielder on the roster naturally helps there.
This is all contingent on everyone being healthy, as one injury quickly changes the whole picture, but that also underscores the importance of having some versatility. If Shaw is able to viably play the outfield, then it makes it easier to rotate players around based on health and matchups. Currently, the bench projects to have backup catcher Miguel Amaya and first baseman Tyler Austin alongside Shaw and outfielder Justin Dean. The latter is a strong defender and baserunner but has bigger questions about his bat. He is also still optionable.
Getting into the lineup regularly would also be good for Shaw from a developmental perspective. As mentioned, he only just made his major league debut last year. He was subpar at the plate overall but seemingly got better as the season progressed. Going into a part-time role and missing reps wouldn’t be ideal for the long term, especially if he’s to take over for Hoerner at second base a year from now. Finding a way for him to take 400 to 600 plate appearances, even though he doesn’t have a clear position, would be good for both him and the club.
Photo courtesy of Michael McLoone, Imagn Images
Cubs Claim Ben Cowles
The Cubs have claimed infielder Ben Cowles off waivers from the White Sox, per a team announcement. The Sox designated Cowles for assignment one week ago when they claimed catcher Drew Romo off waivers from the Mets.
Cowles lands back with the Cubs, who designated him for assignment back in September. They originally acquired the former Yankees tenth-rounder as part of the trade sending Mark Leiter Jr. to the Bronx. The White Sox claimed him a few days later, but it’ll just be a stay of a few months with the South Siders before heading north back to the Cubs.
The 25-year-old Cowles has yet to take a plate appearance in the majors. He split 2025 between the Triple-A clubs for the two Chicago teams, slashing a combined .235/.300/.371 with nine homers, 18 steals, a 7.2% walk rate and a 28.8% strikeout rate. He’s viewed as a serviceable defender at shortstop who can also handle second base and third base, giving him a chance to carve out a role as a utility player.
Although his 2025 numbers were ugly, Cowles hit .286/.372/.457 with nine homers, 14 steals, a 10.4% walk rate and a 17.7% strikeout rate in 92 Double-A games during the 2024 season. He still has a pair of minor league option years remaining, so he’ll give the Cubs some depth around an infield that became more crowded with this week’s signing of Alex Bregman. That signing already pushed Matt Shaw into a utility role, meaning Cowles will likely open the season with the Cubs’ Triple-A club in Des Moines — if he sticks with the organization until Opening Day.
Cubs Promote Garrett Chiado To Assistant General Manager
The Cubs announced a series of internal promotions within their baseball operations department yesterday, as relayed by Jordan Bastian of MLB.com. Among them, Garrett Chiado is now an assistant general manager.
Chiado was first hired by the Cubs in 2016 in the research and development department. He subsequently served as director of pro strategy and director of pro analytics. Now he gets a bump up the chain to the assistant general manager position.
Chicago’s front office is headed by Jed Hoyer, who is the president of baseball operations. Just beneath him is general manager Carter Hawkins. With Chiado’s promotion, they now have three assistant general managers. Ehsan Bokhari was hired away from the Astros in October of 2021. Jared Banner was promoted from the vice president of player development role in November of 2023.
Hoyer took over in November of 2020 and the club has largely been focused on player development in his time. The big league team hovered around .500 from 2021 to 2024 but took a big step forward in 2025 by winning 92 games and beating the Padres in the Wild Card round, before falling to the Brewers in the NLDS. They have recently made some aggressive moves to build out the 2026 roster, trading for Edward Cabrera and signing Alex Bregman.
Photo courtesy of David Banks, Imagn Images
Latest On Mariners’ Trade Targets
This week’s trade sending Nolan Arenado from St. Louis to Arizona and the Cubs’ weekend signing of Alex Bregman figure to accelerate the market surrounding various trade and free agent scenarios. One club that could directly be impacted is the Mariners, who’ve spent the bulk of the winter trying to add another infielder after re-signing Josh Naylor on a five-year contract early in the offseason.
Seattle’s interest in Cardinals second baseman Brendan Donovan is no secret. They were linked to him last offseason and have been reported to be one of his most prominent suitors this winter. Jeff Jones of the Belleville News-Democrat reports that in addition to Donovan, the Mariners have had “ongoing” discussions with the Cardinals about left-handed reliever JoJo Romero throughout the winter. Seattle already added one southpaw arm for the bullpen, acquiring Jose A. Ferrer from the Nationals in December, and they have a second outstanding option in Gabe Speier, who enjoyed a breakout year in 2025 (and was just added to the Team USA roster for the upcoming World Baseball Classic).
Adam Jude of the Seattle Times reports that Donovan is the Mariners’ top target on the trade market but adds that the M’s also have interest in Cubs second baseman Nico Hoerner. The veteran Hoerner’s name has come up in trade speculation since the Bregman signing, though it seems unlikely a deal will actually come together. Chicago appears willing to listen as a matter of due diligence but would presumably need to be overwhelmed and receive substantial big league talent to trade Hoerner coming off a .297/.345/.394 season that saw him swipe 29 bases, win his second Gold Glove and finish sixth in the National League with 6.2 wins above replacement, per Baseball-Reference (or 15th with 4.8 fWAR, for those who prefer FanGraphs’ version of the statistic).
[Related: Giants Aggressively Pursuing Second Base Upgrade]
At this point, the fit between Donovan and the Mariners has been explored at length. He’s an affordable ($5.8MM in 2026) high-contact bat with good on-base and defensive skills who can handle either of the two currently unsettled positions in the Seattle infield: second base or third base. The M’s have plenty of highly touted prospects who could emerge at those positions — Colt Emerson, Cole Young, Michael Arroyo among them — but Donovan could also move to an outfield corner if those promising young players force the issue. He’s under control through the 2027 season via arbitration.
Romero was previously linked to the Mariners, but that was before the team acquired Ferrer. It’s notable that Jones implies there have been talks even after that swap. The 29-year-old lefty has been a mainstay in the Cardinals’ bullpen for three-plus seasons now and has steadily shown year-over-year improvement. In 2025, he tossed a career-high 61 innings with a career-best 2.07 earned run average. Romero saved eight games, tallied 24 holds and blew only one opportunity. He fanned a slightly below-average 21.6% of his opponents against a bloated 11.4% walk rate that stands as a major outlier relative to the career 7.7% walk rate he carried into the ’25 season. The lefty also kept a hefty 54.5% of batted balls on the ground.
The Cardinals signed Romero to a $4.26MM contract for the upcoming season — his final year of club control. While last year’s hiccup in terms of command is of at least some concern, the broader track record is quite strong. Since joining the Cardinals, Romero boasts a flat 3.00 ERA (3.61 SIERA) with a 23.4% strikeout rate, 9.1% walk rate, 53.7% ground-ball rate, 57 holds and 12 saves. The Orioles and Yankees are among the others to show interest in Romero, though it’s a veritable certainty that the field of interested clubs is much larger than just these three.
Echoing previous reporting from The Athletic’s Katie Woo, Jude suggests that at least a pair of top-100 prospects — switch-pitcher Jurrangelo Cijntje and outfielder Lazaro Montes — have been discussed in talks with the Cardinals. The exact permutations of those talks remains murky. There’s no firm indication that St. Louis has sought both in the same package for Donovan, just as there’s no certainty that Seattle has offered both. It’s certainly possible that Romero’s name has come up as part of a package talk involving one or both those ballyhooed young players. Whatever shape those negotiations have taken, they (obviously) have yet to culminate in a deal.
Hoerner, much like Donovan, is a straightforward fit for the Mariners. The previously mentioned Cole Young is currently in line to open the season at second base for the M’s. He’s a former first-round pick and top-50 prospect, but Young hit just .211/.302/.305 in his first 77 MLB games last year. He won’t even turn 23 until late July, so there’s plenty of time for him to develop into a quality regular, but the Mariners are built to win right now. Hoerner, a free agent next winter who’s signed for $12MM in 2026, would give the Mariners an immediate upgrade while affording them the luxury of additional development time for Young. As a bonus, Seattle could extend a qualifying offer to Hoerner next November, netting them a compensatory draft pick in the event that he signs elsewhere.
Again, the Cubs are not outright shopping Hoerner but are willing to hear other clubs out. They’re almost certainly not going to trade him for prospects who are years from MLB readiness; doing so would offset most or even all of the wins gained by bringing Bregman into the fold. It’s hard to come up with a direct exchange that would benefit both parties equally, but the Mariners are nothing if not aggressive and creative on the trade front.
At present, RosterResource projects the Mariners for just under $157MM in 2026 payroll. That’s a bit shy of the franchise-record $158MM Opening Day payroll and a ways south of the roughly $167MM figure at which they ended the 2025 campaign. Given the win-now push in Seattle and the extra revenue from a deep playoff run that saw the Mariners advance to Game 7 of the American League Championship Series, it stands to reason that ownership is willing to push payroll beyond those marks.
Cubs Sign Alex Bregman
The Cubs have made their third-largest signing in franchise history official, announcing Wednesday that they’ve signed third baseman Alex Bregman to a five-year contract that’ll reportedly guarantee him $175MM. Bregman, a client of the Boras Corporation, receives a full no-trade clause. Unlike his prior contract with the Red Sox, there are no opt-out opportunities. The deal reportedly includes $70MM of deferred money, dropping the net present value from a $35MM average annual value to something in the $30-31MM range. A full breakdown of the deferrals can be found at the bottom of this post. He’ll be introduced in a press conference tomorrow morning at 10:30am CT.
When last offseason’s proposals fell short of Bregman’s expectations, he pivoted to a heavily-deferred three-year, $120MM deal with the Red Sox. The quality of his 2025 season, plus his ineligibility for a qualifying offer this time around, led to this long-term deal.
MLBTR projected a six-year, $160MM contract for Bregman back in November. He ultimately landed a bit shy of that on a five-year term, when accounting for deferrals. It’s still the largest average annual value in Cubs franchise history, and the total guarantee trails only Jason Heyward ($184MM) and Dansby Swanson ($177MM). The inclusion of deferrals is a notable departure for the Ricketts family ownership group; just last offseason, they appeared staunchly against utilizing deferred money in free agent negotiations.
For the Cubs, the addition of Bregman is the biggest splash in an active offseason. The club acquired young starter Edward Cabrera from the Marlins three days ago, adding upside to the rotation at the expense of a top-50 prospect in Owen Caissie. The Cubs have largely rebuilt their bullpen with a quintet of free agent signings: Phil Maton, Hunter Harvey, Caleb Thielbar, Hoby Milner, and Jacob Webb. They also retained swingman Colin Rea and starter Shota Imanaga.
Bregman gives the Cubs a major offensive upgrade without the loss of a draft pick, as he rejected a qualifying offer from the Astros in 2024. His salary brings the team’s projected 2026 payroll to $231MM, a full $25MM over last year’s $206MM figure, according to RosterResource. Meanwhile, their CBT payroll stands around $243MM for 2026, putting the Cubs just shy of the first luxury tax threshold. The Cubs did not exceed the CBT in 2025, so they’ll reside in the lightest tax bracket if they go over in ’26.
Bregman, 31, played in 114 games with Boston this year, making 495 plate appearances. Although he missed a month and a half with a right quad strain, he continued to excel on offense, batting .273/.360/.462 and grading out 25% better than average by wRC+. After posting a career-low 6.9% walk rate in his final year with the Astros, Bregman bumped that up to 10.3% in 2025. He maintained his reputation as a high-contact hitter, with his 14.1% strikeout rate grading out in the 88th percentile. His 90.1 mph average exit velocity and 44.4% hard-hit rate were both career bests. He also continued to perform well defensively, earning 3 Outs Above Average for his work at third base. Overall, Bregman’s 2025 contributions were good for 3.5 fWAR and his third career All-Star nomination.
A lot of that came from his red-hot first two months. At the time of his injury, Bregman had a 156 wRC+ through 226 PA. His production following his return was more uneven. He posted a 128 wRC+ in July, followed by a 108 wRC+ in August and just a 76 wRC+ in September. In the first half, Bregman was 52% better than average by wRC+. In the second half, he was right around average.
Though he wasn’t his usual self in the last two months of the year, Bregman’s lengthy track record still made him one of the top free agents in this year’s class. Since debuting with the Astros in 2016, he has batted .272/.365/.481 with 209 home runs and a 133 wRC+. His first two All-Star appearances came in 2018-19. Bregman averaged 8.1 fWAR and finished in the Top 5 in AL MVP voting in both years, finishing as the runner-up in 2019.
While he hasn’t reached those heights in the years since, Bregman has still been a well-above-average hitter. He has posted a wRC+ between 117 and 137 in every year from 2020-25. Bregman’s defense has also held firm. Since the start of 2020, he has been worth 10 DRS and 17 OAA. He ranks eighth among qualified third basemen in that span by OAA.
That track record, Bregman’s excellent clubhouse reputation, and his still-excellent 2025 drew ample interest in free agency. The Red Sox were clearly keen on a reunion, with recent reports indicating they had made him an “aggressive” offer. Outside of them and the Cubs, his known suitors included the Tigers, Diamondbacks, and Blue Jays (before they signed Kazuma Okamoto). The Tigers and Cubs were interested in Bregman last offseason as well. Detroit reportedly offered him six years and $171.5MM, albeit with significant deferrals. Chicago’s offer was in the four-year, $115MM range. One year later, the Cubs put forth more than $40MM more to lock him up, even when considering the surprising deferred money.
Bregman likely sought a $200MM guarantee during the 2024-25 offseason. He got to $215MM on paper in total, though deferred money on both contracts probably puts him a little short of a true $200MM. Regardless, returning to the market after opting out of a short-term deal is a strategy we’ve seen Boras execute successfully with Bregman, Carlos Rodon, Blake Snell, Matt Chapman, and Pete Alonso in recent years, with Cody Bellinger serving as the next test case.
With Bregman slotting in at third base, the most impacted player on the Cubs’ roster is incumbent third baseman Matt Shaw. As a rookie, Shaw posted a .226/.295/.394 line in 437 plate appearances, good for a 93 wRC+. Factoring in his serviceable defense (-1 DRS), Shaw was worth 1.5 fWAR in 2025. That was acceptable production for the rookie and former top prospect, though there are clear areas for improvement heading into his sophomore season. Shaw’s average exit velocity and hard-hit rate ranked in the third and seventh percentiles, respectively. He also struggled against fastballs, with a -6 run value against sinkers and a -1 value against four-seamers.
Shaw came up through the system as a middle infielder before shifting to third base in earnest in 2024. At present, Swanson and Nico Hoerner occupy the shortstop and second base spots on the big-league roster. Swanson is under contract through 2029 and won’t be moving off short any time soon. Hoerner has been an above-average hitter and excellent defender in the past four seasons, tallying 17.5 fWAR. Hoerner moved to second base in 2023 in deference to Swanson.
With the 28-year-old Hoerner eligible for free agency after 2026 – with earning power likely to get a boost from his ability to play shortstop – his name has surfaced in trade rumors this winter. The best 2026 Cubs team has Hoerner at second base and Shaw in a utility infield role, but it’s at least conceivable that either player could be dealt this offseason.
For Red Sox fans, the past seven months have provided a painful sequence of events at third base. Rafael Devers was dealt to the Giants in a surprise June blockbuster, and now Bregman has departed as well. According to Peter Abraham of the Boston Globe, the Red Sox “did not come close financially and were not willing to give Bregman a full no-trade clause.”
The Red Sox, the only team yet to have signed a Major League free agent this winter, could turn to Bo Bichette to play second base. Bichette will likely require a long-term deal of his own, however, and chief baseball officer Craig Breslow has yet to sign a free agent for more than Bregman’s three years (which only lasted one).
Jon Heyman of the New York Post first broke news of the signing, with ESPN’s Jeff Passan adding terms and Bob Nightengale of USA Today providing further details. Ken Rosenthal of The Athletic reported that the deal includes deferred money.
The full details of the deferrals were reported by Jay Cohen of The Associated Press. $15MM is deferred in 2026 and 2029, $10MM in 2027 and 2028, then $20MM in 2030. He will be paid the deferred money via eight annual instalment each July 31st from 2034 to 2041.
MLBTR Podcast: The Cubs Land Cabrera And Bregman, Remaining Free Agents, And Skubal’s Arbitration Filing
The latest episode of the MLB Trade Rumors Podcast is now live on Spotify, Apple Podcasts, and wherever you get your podcasts! Make sure you subscribe as well! You can also use the player at this link to listen, if you don’t use Spotify or Apple for podcasts.
This week, host Darragh McDonald is joined by Anthony Franco of MLB Trade Rumors to discuss…
- The Cubs acquiring Edward Cabrera from the Marlins for Owen Caissie, Cristian Hernández and Edgardo De Leon (1:55)
- The Cubs agreeing to a deal with Alex Bregman (13:10)
- The Red Sox coming up short on Bregman and where that leaves them now (27:35)
- The game of musical chairs with the remaining top free agents (35:40)
- The Tigers and Tarik Skubal going into arbitration $13MM apart (41:45)
- The Orioles and Ryan Mountcastle avoiding arbitration with a unique deal (57:25)
Check out our past episodes!
- Contracts For Imai And Okamoto, And Thoughts On The Pirates And Giants – listen here
- Three-Way Trade, Murakami’s Short-Term Deal, And Willson Contreras To Boston – listen here
- The Mets Sign Jorge Polanco, And The Braves, Blue Jays And Royals Make Moves – listen here
The podcast intro and outro song “So Long” is provided courtesy of the band Showoff. Check out their Facebook page here!
Photo courtesy of Kamil Krzaczynski, Imagn Images
Poll: Will The Cubs Trade From Their Infield?
The Cubs made a major splash over the weekend by landing star third baseman Alex Bregman on a five-year deal. As a multi-time All-Star who reliably offers Gold Glove defense at third base and posts offense in the 125 wRC+ range, Bregman is sure to provide a major lift to the club headed into 2026. Strong as the signing is for the team, however, it also creates questions about the future of some of their other players. The 2025 Cubs ended the season with regulars all around the infield. Dansby Swanson and Nico Hoerner handled shortstop and second base for the third consecutive season, while Matt Shaw entered 2025 as the team’s top prospect and had taken over third base on a regular basis by the end of the year.
The addition of Bregman leaves the club with four infielders for three positions. The designated hitter spot could help. With Kyle Tucker not expected to re-sign with the Cubs, Seiya Suzuki could spend more time in the outfield in 2026. However, Moises Ballesteros is currently the favorite for the DH spot, as he had a strong debut with the bat in 2025 but is considered a work in progress as a catcher.
Having too many guys is a good problem to have but it’s still worth considering whether the Cubs will do something to break up that logjam in the short-term. If they don’t, Shaw is likely to be the odd man out. He has options remaining and could certainly be sent to Triple-A Iowa to open the season, though he could also be carried on the club’s bench in a utility capacity. Hoerner is set to hit free agency following the 2026 season, so perhaps the likeliest option is Shaw taking a depth role for this year before taking over at second base when Hoerner reaches free agency next winter.
That’s a plan that comes with flaws in the short- and long-term, however. For one, Shaw losing the opportunity to get consistent, major league at-bats could have an adverse effect on his development. The 24-year-old turned in a decent rookie season in 2025, slashing .226/.295/.394 (93 wRC+) overall in 126 games. Those overall numbers are hardly exceptional, but he improved as the season went on. After the All-Star break, Shaw slashed a very impressive .258/.317/.522 with a wRC+ of 130 as he crushed ten doubles, three triples, and 11 homers in just 205 trips to the plate.
That considerable power potential Shaw flashed is certainly enticing, but it could be difficult for Shaw to build on that success if faced with either inconsistent playing time in a bench role or minor league competition at Triple-A. As noted by The Athletic’s Keith Law in the aftermath of the Bregman signing, Shaw went through several mechanical changes throughout 2025 and at times resisted help from the Cubs’ coaching staff. The youngster’s numbers took a turn for the worse during the final weeks of September and into the postseason, so it’s possible there’s more tweaks left for him to make as well.
That could make trading either Hoerner or Shaw himself a viable outcome. Hoerner’s name has popped up semi-frequently as a trade candidate over the past two offseasons, and it’s certainly easy to see why rival teams would have interest. The 28-year-old is coming off a career year in 2025. He posted a 109 wRC+ and struck out at a microscopic 7.6% clip in 154 games for Chicago. Over the past four years since becoming an everyday player, Hoerner has slashed .284/.339/.389 (105 wRC+) with an above-average wRC+ in every season. He’s paired that solid bat with elite defense at second base and also demonstrated the ability to be a above-average defensive shortstop before being bumped to the keystone by the team’s signing of Swanson back in 2023.
Taken together, Hoerner has been worth 19.6 bWAR and 17.5 fWAR over the past four seasons. That consistent four-to-five win production up the middle is certainly attractive, especially with Hoerner set to make an affordable $12MM salary this year.
The Mariners, Giants, and Yankees are among the teams that have been connected to him in trade to this point. Even as teams have come calling after Hoerner, however, the Cubs seem unlikely to deal him. Signing one impact infielder just to trade another would undercut the improvement offered by signing Bregman, and so it’s not a shock that The Athletic’s Sahadev Sharma has suggested that the Cubs would have to be “blown away” in order to deal Hoerner.
Perhaps, then, trading Shaw to a team where he could get consistent playing time in a bid to either add more impact to the roster or beef up a flagging farm system could be the best course of action available to the Cubs. Shaw still has six years of team control remaining and will make the league minimum in 2026, meaning that he could be a fit for a number of teams that might want to upgrade their offense on the cheap. The Pirates, Guardians, Royals, Athletics, Angels, and Nationals are all teams that struggled to find production at either second or third base last year and could appreciate Shaw’s years of control and affordable price tag.
Even that comes with risks, however. Shaw’s value is arguably down relative to this time last year, when he was a consensus top-30 prospect in baseball. Additionally, Hoerner’s status as a pending free agent would make trading Shaw a big risk if not paired with an extension for Hoerner. The upcoming free agent class is reasonably deep in middle infield talent (Ha-Seong Kim, J.P. Crawford, Jazz Chisholm Jr.) but successfully landing one of those players is no guarantee. The team’s internal options behind Shaw are lackluster, as well. James Triantos was once one of the team’s better prospects but had a disastrous season at Triple-A last year that calls into question his prospect status. Jefferson Rojas had a solid year in 2025 but may not be big league ready by 2027.
How do MLBTR readers think the Cubs will handle their infield logjam? Will they work out a trade involving Shaw or Hoerner prior to Opening Day, or will they simply carry both players into the season despite the lack of playing time available? Have your say in the poll below:
Will The Cubs Trade An Infielder This Offseason?
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No, they'll keep both players. 56% (3,078)
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Yes, they'll trade Nico Hoerner. 26% (1,443)
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Yes, they'll trade Matt Shaw. 17% (937)
Total votes: 5,458
Cubs Claim Justin Dean
The Giants announced that outfielder Justin Dean has been claimed off waivers by the Cubs. San Francisco had designated him for assignment last week to open a roster spot for Tyler Mahle. Chicago had multiple 40-man vacancies and doesn’t need to make a corresponding move. Susan Slusser of the San Francisco Chronicle was among those to relay the transaction.
Dean, 29, just made his major league debut with the Dodgers last year. He was mostly used as a pinch runner and late-game defensive replacement. He appeared in 18 games for the Dodgers but only made two plate appearances. He then appeared in 13 postseason games as part of the Dodgers’ World Series run, but without making a plate appearance in any of those.
His speed gives him a decent floor as a guy who can steal some bases and run the ball down on the grass. From 2021 to 2025, he swiped 176 bags in 213 attempts in the minors, an 82.6% success rate.
His offense is more questionable but his 2025 was encouraging. Throughout his minor league career, he has drawn free passes but also been punched out at hefty rates. From 2021 to 2024, he had a nice 12.2% walk rate but an ugly 29.6% strikeout rate. In 2025, he was only struck out 23.6% of the time while keeping his walk rate at a healthy 11.2%. The result was a .289/.378/.431 line and 110 wRC+ in Triple-A, though that was propped up by a .380 batting average on balls in play.
The Dodgers bumped him off their 40-man at the end of the season. The Giants grabbed him off waivers and held him for a couple of months but ended up putting him back on the wire. For the Cubs, he’s a fine depth add, especially since they had multiple roster spots open. Dean still has a full slate of options and doesn’t need to be on the big league roster.
Chicago’s outfield alignment projects to feature Ian Happ, Pete Crow-Armstrong and Seiya Suzuki in starting roles. Kevin Alcántara, James Triantos and Pedro Ramírez are on the 40-man roster and could be candidates for bench roles. Triantos and Ramírez have no big league experience and still have options, so the Cubs would likely prefer them to be getting regular reps in the minors as opposed to sitting in the big league dugout. Alcántara has been optioned for extended stretches in each of the past three years but could qualify for a fourth option.
Since Dean is himself optionable, he could either be getting regular playing time in the minors or he could be in the majors, providing speed and defense off the pine. He has just 52 days of service time, so he can be cheaply controlled for the foreseeable future, as he won’t qualify for arbitration for at least three years.
Photo courtesy of Jayne Kamin-Oncea, Imagn Images