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Nine Teams Terminate Contracts With Main Street Sports

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The nine MLB teams who had contracts with Main Street Sports have terminated those contracts with the company. It’s possible that some of them eventually work out new deals with the broadcaster, which operates channels under the FanDuel Sports Network banner. The teams are the Braves, Reds, Tigers, Royals, Angels, Marlins, Brewers, Cardinals and Rays. Talks between the company and the teams are ongoing. Various elements of this developing story were reported by Evan Drellich of The Athletic, Alden González of ESPN, Ronald Blum of the Associated Press, Tom Friend of the Sports Business Journal and Barry Jackson of The Miami Herald.

The issue is due to the poor financial state of the company. They have recently missed payments to several teams, including the Cardinals and Marlins, but possibly others. The nine teams have cut ties with the company for now to keep them away from potential bankruptcy proceedings and explore other options, but it’s possible some teams will eventually sign new pacts with the company. Main Street is trying to find a buyer, though the reporting indicates talks with DAZN have fizzled out. Fubo TV might have stepped into the bidding but there are conflicting reports about that.

This is just the latest chapter in a saga that goes back quite a while, with cord cutting and streaming having chipped away the regional sports network (RSN) model. The company was previously known as Diamond Sports Group with channels marketed as Bally Sports. Going into 2023, 14 MLB clubs and many teams in other sports leagues had RSN deals with the company. But trouble emerged early that year when the company missed some payments. They filed for bankruptcy in March of 2023.

The company eventually emerged from bankruptcy in November of 2024 and then rebranded. Along the way, many of their deals with MLB clubs fell apart. In some cases, new deals were worked out. In other cases, the league took over broadcasting duties. The Rangers went a different route and launched their own RSN. Coming into 2026, Main Street has 29 deals with teams across MLB, the NBA and NHL.

The path of MLB handling the broadcasts will be available for all the clubs involved here. “No matter what happens, whether it’s Main Street, a third party or MLB media, fans are going to have the games,” commissioner Rob Manfred said Thursday, per Blum.

The MLB path is largely inconsequential for fans. If anything, it’s a better arrangement. MLB still puts the games on cable. For cord-cutters, they have the option of streaming the club by paying the league directly, with no local blackouts.

For the teams, however, it’s not a great situation. RSN deals have been a big source of revenue over the years. The bankruptcy of Diamond/Main Street put many of them in a tough position. Renegotiating with the company meant accepting lower fees than they had been receiving on their previous deals. Going with MLB would allow them to potentially reach more fans but the revenue in that path is both lesser and not guaranteed, as the money is contingent on how many people sign up to stream.

MLB handled the broadcasts of five clubs in 2025: the Padres, Diamondbacks, Rockies, Twins and Guardians. It was reported in September that the Mariners would go down this route in 2026. This week’s reporting suggests the Nationals will likely leave MASN and join with the league as well.

In the cases of at least a few of these teams, the situation seems to had on-field implications by reducing the club’s spending capacity when it comes to player payroll. The Padres and Twins, for instance, have been trying to strike a delicate balance of staying in contention while having less to spend on players than the front office may have once anticipated.

That’s obviously a disadvantage compared to some big-market clubs, many of whom are co-owners in RSNs which are relatively healthy in larger population areas. In July of 2024, it was reported that the league and the MLB Players Association had agreed to redirect some competitive balance tax money to teams impacted by the television situation. This week’s reporting indicates that arrangement was for 2024 alone. There was no such deal in place for 2025 and there’s currently nothing lined up for 2026 either.

“The clubs have control over the timing,” Manfred said this week. “They can make a decision to move to MLB Media because of the contractual status now. I think that what’s happening right now clubs are evaluating their alternatives. Obviously they’ve made significant payroll commitments already and they’re evaluating the alternatives to find the best revenue source for the year and the best outlet in terms of providing quality broadcasts to their fans.”

With this situation and other disruptive developments in terms of MLB’s broadcast landscape, the league’s preference has been to not sign any new contracts that go beyond the 2028 season. It has been reported that many of MLB’s broadcast deals expire after that season. Manfred hopes to put together a league-wide streaming service with no blackouts and/or have a big auction of rights to various games, with multiple broadcasters bidding against each other.

A mini version of this happened recently when MLB’s deal with ESPN fell apart. The league then split up ESPN’s previous package, selling some of it back to ESPN along with other elements. Netflix bought the rights to Opening Day, the Home Run Derby and some other special events. NBC/Peacock bought Sunday Night Baseball and the Wild Card round from 2026 to 2028, as well as other events. ESPN acquired the local rights for the Padres, Diamondbacks, Rockies, Guardians and Twins as part of their new deal.

All of this figures to hang over the upcoming collective bargaining agreement negotiations. The current CBA expires after the 2026 season. Another lockout, like the one in 2021-22, is widely expected. Manfred has essentially admitted that one will occur by speaking positively about the lockout process.

Whether that lockout extends long enough to cancel games in 2027 remains to be seen. The players and the union are already concerned by a lack of spending from some clubs and the RSN situation will likely only exacerbate that. Some of the impacted clubs would likely welcome more revenue sharing but the bigger clubs wouldn’t be as keen on that. The owners are expected to push for a salary cap but the players are strongly opposed to that.

Manfred has made plenty of unpopular moves in his time as commissioner but he can currently point to a legacy that includes no games missed due to labor strife. Baseball’s popularity is also on the rise, despite the aforementioned TV disruption. Game Seven of the 2025 World Series was the most-watched game around the world since 1991. The uptick in ratings and attendance has been attributed by many to recent rule changes, particularly the pitch clock.

Disrupting the 2027 season would impact that legacy and also cut into baseball’s recent surge, which would be inopportune timing with the aforementioned future broadcast plans. Manfred is signed through 2029 and does not plan to seek another term after that.

Photo courtesy of Ron Chenoy, Imagn Images

18 Players Exchange Filing Figures

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Teams and arbitration-eligible players had until 7:00 pm Central to agree to terms or exchange filing figures. The vast majority agreed to salaries, either this afternoon or before November’s non-tender deadline to ensure they were offered contracts at all.

There were 18 cases where team and player did not align — none bigger than the record $13MM gap between the Tigers and Tarik Skubal. Nothing formally prevents players and teams from continuing negotiations. However, virtually every team takes a “file-and-trial” approach to the process. Clubs will mostly refuse to continue talks about one-year deals after this date. They’ll often make exceptions for discussions involving multi-year contracts or one-year deals with a club/mutual option. It’s unlikely that all of these players will end up getting to a hearing, but the majority probably will.

If the sides go to a hearing, a three-person arbitration panel will either choose the player’s or the team’s filing figure. (Hearings will run between January 26 and February 13.) The arbitrators cannot pick a midpoint. That’s designed to prevent the parties from anchoring by filing at extremely high or low figures. Teams’ preferences for the file-and-trial approach follows a similar logic. The idea is to deter players from submitting a higher number from which they could continue to negotiate until the hearing begins.

Unless otherwise noted, Mark Feinsand of MLB.com and ESPN’s Jeff Passan reported all filing figures for those who didn’t reach agreements. The list of players who could go to a hearing this winter (service time in parentheses):

Angels

  • Reid Detmers (3.159): Filed at $2.925MM, team filed at $2.625MM

Astros

  • Isaac Paredes (4.160): Filed at $9.95MM, team filed at $8.75MM
  • Yainer Diaz (3.035): Filed at $4.5MM, team filed at $3MM

Blue Jays

  • Eric Lauer (5.091): Filed at $5.75MM, team filed at $4.4MM (first reported by Ben Nicholson-Smith of Sportsnet)

Braves

  • Dylan Lee (3.150): Filed at $2.2MM, team filed at $2MM

Brewers

Marlins

Mariners

  • Bryce Miller (2.153): Filed at $2.625MM, team filed at $2.25MM

Nationals

Orioles

  • Keegan Akin (5.083): Filed at $3.375MM, team filed at $2.975MM
  • Kyle Bradish (3.160): Filed at $3.55MM, team filed at $2.875MM

Rays

  • Edwin Uceta (2.150): Filed at $1.525MM, team filed at $1.2MM

Reds

Royals

Tigers

Twins

  • Joe Ryan (4.033): Filed at $6.35MM, team filed at $5.85MM

Reds, Brady Singer Avoid Arbitration

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The Reds and right-hander Brady Singer are in agreement on a $12.75MM salary for the 2026 campaign, reports Mark Feinsand of MLB.com. It’s the final year of arbitration for Singer, who is set to hit free agency next offseason. The contract is slightly above MLBTR contributor Matt Swartz’s projection of $11.9MM. Singer is represented by Excel Sports Management.

Cincinnati acquired Singer in a November 2024 trade that sent Jonathan India and Joey Wiemer to Kansas City. He had an up-and-down season in his first year with the club. Singer was bombed for seven earned runs in his first start out of the All-Star break, pushing his ERA to 4.84 on the year. He closed the season with a strong 12-start stretch, posting a 2.81 ERA with a 25.7% strikeout rate. The final result was a pretty standard Singer season, with an ERA just above 4.00 and slightly less than a strikeout per inning.

The Reds had a hefty 12 arbitration cases this offseason. Singer was easily the most expensive. Cincinnati agreed to a $5.525MM contract with Gavin Lux and a $4.725MM deal with Nick Lodolo today. None of the other cases settled by the club exceeded $4MM. Singer’s settlement was the second-highest of the day across the league, behind only Randy Arozarena ($15.65MM). As things currently stand, Singer will be the highest-paid player on the roster next season. Jeimer Candelario’s unfortunate deal is still on the books for $12MM, but no other active Red will make more than $10MM, barring a big free agent addition.

Singer will be joined by Lodolo, Hunter Greene, Andrew Abbott, and Chase Burns on the 2026 staff. Cincinnati also has youngsters Rhett Lowder and Chase Petty waiting in the wings, along with injury returnees Julian Aguiar, Brandon Williamson, and Carson Spiers. It’s a deep group, which led MLBTR’s Steve Adams to ponder whether the club would trade pitching for hitting this offseason. President of baseball operations Nick Krall has downplayed moving any of his starters, though maybe seeing the ample returns for Shane Baz and Edward Cabrera could cause the club to reconsider that stance.

Photo courtesy of Cary Edmondson, Imagn Images

Reds Outright Lyon Richardson

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The Reds announced that right-hander Lyon Richardson has been sent outright to Triple-A Louisville. That indicates he cleared waivers after being designated for assignment last month when Cincinnati acquired outfielder Dane Myers from the Marlins.

Richardson, 26 this month, was a second-round pick of the Reds back in 2018. Cincinnati added him to the 40-man roster in November of 2022 to keep him out of the Rule 5 draft. He spent the past three years as an up-and-down depth arm for the Reds, getting shuttled between Cincinnati and Louisville.

Over those three seasons, he tossed 55 innings in the majors, allowing 6.05 earned runs per nine. He averaged above 95 miles per hour with both his four-seamer and sinker while also throwing a slider, curveball and changeup. His 51.1% ground ball rate was good but his 16.7% strikeout rate and 14.3% walk rate were both well off league average. He also tossed 199 2/3 Triple-A innings in that span with a 4.19 ERA. His 12.7% walk rate was still rough but he did punch out 26% of batters faced.

He was kept in a relief role in 2025, after mostly working as a starter in prior years. The Triple-A results were decent, as he tossed 32 innings with a 4.22 ERA, 23.5% strikeout rate, 9.6% walk rate and 50% ground ball rate. It didn’t really translate to the majors, however, with a 17.4% strikeout rate and 12.2% walk rate in the show.

He exhausted his final option year in 2025, pushing him to the fringe of the roster. The Reds nudged him off December 27th. DFA limbo is normally capped at a week but the rules are different around the holidays, so Richardson spent close to two weeks in a liminal space but now has clarity on his situation. This is his first career outright and he does not have three years of big league service time. That means he does not have the right to elect free agency. He’ll stick with the Reds in a non-roster capacity and try to earn his way back to the big leagues.

Photo courtesy of Katie Stratman, Imagn Images

Rockies Claim Keegan Thompson

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The Rockies have claimed right-hander Keegan Thompson off waivers from the Reds, according to announcements from both clubs. Cincinnati had designated him for assignment last month. Colorado’s 40-man roster count climbs from 38 to 39. DFA limbo is normally capped at one week but there are exceptions around the holidays, so Thompson was out there for almost two weeks.

Thompson, 31, just signed with the Reds in November. He’ll be on a split deal this year, making a salary of $1.3MM in the majors. It might seem curious for a team to sign a pitcher and then cut him from the roster the next month but these types of transactions are becoming more common in baseball. The hope for the team is that the player clears waivers and then stays in the organization but without taking up a roster spot.

The best-case scenario is what the Orioles got from Ryan O’Hearn. They acquired him from the Royals in January of 2023 and designated him for assignment a couple of days later. He cleared waivers and stayed in Baltimore’s system. He later hit his way back onto the roster and was a productive member of the club for over two years.

Thompson has just over three years of big league service time. That means he has the right to reject an outright assignment and elect free agency. However, since he has less than five years of service, he would have to forfeit his remaining salary commitments in exercising that right. It would appear the Reds signed him to that $1.3MM deal hoping it would be enough for other teams to pass on claiming and also for Thompson to accept a Triple-A assignment.

The Rockies have spoiled that plan, which makes sense for them. They had a couple of roster spots open and have a huge need for arms. It’s always a challenge to pitch well in Coors Field but things have been especially rough lately. The Rockies had a collective 5.99 earned run average in 2025.

Thompson has primarily been with the Cubs in his career. He was drafted by that club in 2017 and was with them through the 2025 season. He tossed 227 1/3 innings from 2021 to 2024 with a 3.64 ERA. His four-seamer and sinker both averaged around 93 miles per hour as he also featured a cutter, slider, curveball and changeup. His 23% strikeout rate and 41% ground ball rate were around league average but his 11.3% walk rate was on the high side.

He exhausted his final option season in 2024. The Cubs ran him through waivers in March of 2025 and he stayed with the club in a non-roster capacity last year. He tossed 64 innings over 33 Triple-A appearances, including five starts, with a 4.50 ERA. His 41.4% grounder rate was around normal for him but his 8.9% walk rate and 29.5% strikeout rate were both intriguing improvements. His ERA likely would have been more impressive if not for a .367 batting average on balls in play. He wasn’t added back to the roster and became a free agent at season’s end.

The Rockies will bring Thompson aboard and have him compete for a spot. He has worked both as a starter and a reliever in his career and could potentially help in either department, or even oscillate between the two roles. General manager Josh Byrnes did say this week that they hoped to have some veterans eat some innings out of the rotation this year.

Photo courtesy of Darren Yamashita, Imagn Images

Reds, Yunior Marte Agree To Minor League Deal

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The Reds are in agreement with reliever Yunior Marte on a minor league contract with an invite to big league Spring Training, reports Francys Romero. The righty would lock in a $1.05MM base salary if he breaks camp.

Marte is back in affiliated ball after spending the 2025 season in Japan. The Dominican-born hurler signed with NPB’s Chunichi Dragons last winter. He divided his time between the top level and their minor league club. Marte managed a 1.95 earned run average with a pair of saves and 11 holds over 32 1/3 innings for the NPB team. That came with a modest 19.1% strikeout rate and was heavily reliant on a .213 average on balls in play against him.

The 30-year-old (31 in February) pitched in the big leagues each year from 2022-24. Marte made 39 appearances for the Giants as a rookie and spent the next two seasons as an up-and-down middle reliever for the Phillies. He has a big arm, sitting in the 96-98 MPH range with his sinker. Marte missed a decent number of bats in the minors but has a below-average 20.1% strikeout percentage over 102 big league appearances. He owns a 5.64 ERA in 113 1/3 career frames.

Cincinnati has a solid late-inning group led by re-signed closer Emilio Pagán, Tony Santillan, Graham Ashcraft, Connor Phillips and Caleb Ferguson. They have a few openings in the middle innings and don’t have a ton of minor league depth. Tejay Antone is their only other currently healthy non-roster invitee who has MLB experience, though they’ll presumably try to get Keegan Thompson through waivers after he was designated for assignment last week.

Reds Remain Open To Outfield Addition

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The Reds made a pair of depth additions to the outfield last week. They brought in glove-first center fielder Dane Myers in a small trade with Miami while signing JJ Bleday to a $1.4MM reclamation deal. Neither player should be locked into everyday roles, but they’ll each compete for playing time alongside TJ Friedl and Noelvi Marte. Both acquisitions have a minor league option remaining and can be sent to Triple-A Louisville without going on waivers.

Will Sammon and Katie Woo of The Athletic write that the Reds are open to acquiring another outfielder, which they suggest is likelier to come via trade than free agency. Their left field mix is likely to feature Bleday, Gavin Lux and Will Benson — each of whom hit from the left side. Friedl is also a left-handed hitter, leaving Marte and Myers as their top right-handed options. Marte is going to be the everyday right fielder. Myers has good career numbers against left-handed pitching (.297/.360/.456) but has been almost unplayable against righties.

The Reds have some flexibility in their positional alignment. They limited Spencer Steer mostly to first base this year after he suffered a shoulder injury in Spring Training. If they feel better about testing his arm after a healthy offseason, he could pick up a few more starts in left field. Playing Steer in the outfield against left-handed pitching would free more first base at-bats for Sal Stewart, who is coming off a .309/.383/.524 showing in Triple-A. Stewart reached the big leagues late in the season and connected on five home runs in 18 games. He’s one of the organization’s most exciting offensive players, though it remains to be seen if he can handle more than spot starts at a position other than first base or designated hitter.

Acquiring a center fielder could also push Friedl into a full-time left field role. That’s easier said than done given the limited supply of center fielders on the trade market. Houston dangled Jake Meyers for starting pitching before trading Jacob Melton as part of a package to acquire Mike Burrows from Pittsburgh. The White Sox have discussed Luis Robert Jr. with the Reds, among other clubs, but his $20MM salary is a significant obstacle. Even if Chicago might be willing to pay down a portion of the contract, that’d increase their prospect demand for their talented but inconsistent center fielder.

Sammon and Woo report that the Reds have not considered trading Friedl. He’s under arbitration control for three seasons and led the team with a .364 on-base percentage (min. 200 plate appearances). Friedl was at the top of Terry Francona’s batting order for the entire year. He has serviceable range in center field but a below-average arm that would make him a better fit in left if the Reds were able to land a clear upgrade in center.

Cincinnati’s payroll projection sits around $111MM, as estimated by RosterResource. The Reds opened the 2025 season at just under $116MM. President of baseball operations Nick Krall said at the beginning of the offseason that he anticipated a similar number next year.

Reds Acquire Dane Myers

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The Reds are acquiring outfielder Dane Myers from the Marlins in exchange for outfield prospect Ethan O’Donnell. The Reds are designating right-hander Lyon Richardson for assignment in a corresponding move, per Gordon Wittenmyer of the Cincinnati Enquirer. The Marlins’ 40-man roster now stands at 39, which opens a spot for the recently-signed Pete Fairbanks. The Marlins have officially announced the trade.

The 29-year-old Myers, a Ballengee Group client, was drafted by the Tigers as a pitcher in 2017. He was converted to a hitter in 2019 and spent a few more seasons in the Tigers’ system before the Marlins selected him in the minor league phase of the 2022 Rule 5 Draft. He made his major-league debut with Miami in July 2023. In 511 plate appearances over 172 games from 2023-25, Myers has batted .245/.299/.354 with a 25.8% strikeout rate against a 6.5% walk rate while providing serviceable outfield defense. However, that has come with a fair amount of injuries. He missed two months with a left ankle fracture in 2024. This year, he made two separate trips to the injured list for right oblique strains and finished the year on the IL with a right knee laceration.

When he was on the field this year, Myers made 333 PA and played 752 2/3 innings across all three outfield spots, mostly in center field. He cut his strikeout rate from 33.3% in 2024 to 23.1% in 2025 while also chipping in 18 stolen bases. However, that coincided with a drop in power. His slugging percentage fell from .442 to just .326, and his ISO similarly declined from .179 to .091. Altogether, Myers batted .235/.291/.326 with six home runs and just a 72 wRC+ this year, a disappointment considering he posted a 113 wRC+ in 2024 (albeit in a limited sample).

Defensively, Myers has improved year over year. He was worth -3 Defensive Runs Saved in 155 1/3 outfield innings in 2023 but 1 DRS in 222 innings in 2024. This year, he played 752 2/3 innings in the field and was worth 3 DRS, as well as 2 Outs Above Average. His arm strength is his true calling card, grading out in the 97th percentile according to Statcast. Myers also has excellent range thanks to his 76th-percentile sprint speed.

The trade for Myers gives the Reds a low cost defensive specialist who could fill a platoon role against left-handed pitching. TJ Friedl is the incumbent in center field. He had a 109 wRC+ this year and was worth 2.9 fWAR despite being a liability in the field (-10 DRS). His offense is enough to keep him as a starter up the middle. Meanwhile, a combination of Noelvi Marte, Will Benson, Gavin Lux, and the recently-signed JJ Bleday will occupy the outfield corners. Notably, Marte is the only one of that bunch who hits right-handed. Myers had a 119 wRC+ in 117 PA against southpaws this year, so he could help balance out the lineup from the right side.

Meanwhile, the 23-year-old O’Donnell was a sixth-round draft pick by the Reds in 2023. He joins the Marlins’ system after a 2025 season spent at the Double-A level. In 503 PA across 125 games for the Reds’ affiliate in Chattanooga, he had a line of .236/.327/.325 with a 90 wRC+. He struck out 25.6% of the time but showed good plate discipline with a 10.7% walk rate. O’Donnell has shown above-average speed and power in prior seasons, so he might improve with another year at Double-A.

As for Richardson, the 25-year-old was a second-round pick by the Reds in 2018. He made his big-league debut in 2023 and has compiled 55 innings with a 6.05 ERA in 39 appearances (four starts) from 2023-25. He got a somewhat bigger look this year, pitching to a 4.54 ERA in 37 2/3 innings out of the Reds’ bullpen. He got groundballs at an above-average 53.8% rate, but that was offset by a lack of strikeouts (only 17.4%) as well as a 46.2% hard-hit rate against him. Richardson has less than one year of service time but is out of options. If he goes unclaimed on waivers, he’ll need his contract to be selected in order to get another look in the majors.

Photo courtesy of Raymond Carlin III, Imagn Images

Reds Designate Lyon Richardson For Assignment

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The Reds have designated right-hander Lyon Richardson for assignment. Gordon Wittenmyer of the Cincinnati Enquirer was among the first to report the move, which will make room for Dane Myers on the 40-man roster. Myers was acquired from Miami via trade earlier today. It’s the second DFA of the day for Cincinnati, after Keegan Thompson met the same fate to free up a spot for free agent addition JJ Bleday.

Richardson earned his longest MLB look this past season. He made 34 appearances out of the bullpen for the Reds, pitching to a 4.54 ERA over 37 2/3 innings. Richardson posted a subpar 17.4% strikeout rate and an unsightly 12.2% walk rate. The young righty had a solid 53.8% ground ball rate, which helped him allow just two home runs despite his hitter-friendly home park.

Cincinnati selected Richardson in the second round of the 2018 draft. He routinely delivered strong strikeout numbers as he worked his way up the minor league ladder. Richardson ranked among the Reds’ top 10 prospects multiple times on MLB.com, reaching the No. 9 spot in 2021. He missed all of 2022 after undergoing Tommy John surgery.

Richardson compiled a 34.5% strikeout rate across three levels in 2023. He made his big-league debut that season, but it was a disastrous first stint in the majors. Richardson was hammered for 16 earned runs in 16 2/3 innings across four starts. The beginning of his career could not have gone worse, as he allowed home runs to CJ Abrams and Lane Thomas on the first two pitches he threw in a Reds uniform.

After working almost exclusively as a starter, Richardson moved into a relief role this past season. He did not experience the typical uptick in velocity that pitchers transitioning to the bullpen often see, as his fastball dropped about 1 mph compared to 2023 and 2024. Richardson did make an arsenal tweak as a reliever, pushing his changeup usage to 40.5%. He’d used the pitch around 30% of the time in his first two MLB seasons.

The changeup resulted in a Run Value of -5, so the increased usage might not have been the best approach. Richardson also ditched his slider and focused on the curveball as his primary breaking pitch last year. Finding a pitch mix that allows him to regain his strikeout ability will be key if he’s to get another shot with the Reds.

Photo courtesy of Katie Stratman, Imagn Images

Reds Designate Keegan Thompson For Assignment

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The Reds announced that right-hander Keegan Thompson has been designated for assignment.  The move creates a 40-man roster spot for outfielder JJ Bleday, whose signing is now official.

Thompson just signed a split contract with the Reds in early November, but since he is out of minor league options, Cincinnati has to first expose the righty to the waiver wire before he can be removed from the 40-man and sent to Triple-A.  Because Thompson has been outrighted off a 40-man roster in the past, he can opt for free agency if he clears waivers and the Reds outright him now, though Thompson would have to walk away from the money owed to him for the 2026 season.  The split contract will pay Thompson $1.3MM for his time spent on Cincinnati’s big league roster.

As he enters his age-31 season, Thompson is looking to return to the majors for the first time since the 2024 campaign.  His 3.64 ERA over 227 1/3 MLB innings is quite respectable, and working exclusively in a relief capacity with the Cubs in 2024 boosted Thompson’s strikeout rate to a personal best of 28.3%.  These numbers and Thompson’s ability to cover multiple innings seemingly made him a pretty interesting bullpen weapon for the Cubs, yet the team may have been disenchanted by Thompson’s lack of control.  The righty’s walk rate ballooned to 14.7% over 59 big league innings during the 2023-24 seasons.

Chicago designated Thompson for assignment last March and subsequently outrighted him off the 40-man, resulting in Thompson spending his 2025 season entirely with Triple-A Iowa.  Thompson had a 4.50 ERA over 64 innings in Iowa, but also a 29.5% strikeout rate and an 8.9% walk rate that failed to capture the Cubs’ attention for another look in the Show.

Teams in need of bullpen help could potentially claim Thompson off waivers, though a claiming team would also be absorbing the split contract’s potential $1.3MM price tag.  It might not be a huge price to pay if a rival club sees a benefit in Thompson’s ability to chew up bullpen innings, or if its coaching staff views Thompson’s control as a correctable issue.  In lieu of a claim, Thompson might pass on another trip to the open market and opt to remain in Cincinnati’s organization, as he likely anticipated a potential DFA at some point during the winter.

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