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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

Royals Exploring Trade Market For Relievers

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The Royals are still in the market for relief help and appear likelier to find another bullpen arm via the trade market than via free agency, Anne Rogers of MLB.com reports. Kansas City’s preference is to add another lefty, per the report. Leaning toward the trade market rather than free agency is due to a desire to create some roster flexibility that the current group lacks.

None of Carlos Estevez, Matt Strahm, John Schreiber, Nick Mears or Bailey Falter can be optioned to Triple-A. Lucas Erceg has a full slate of options but isn’t going to be sent down, given his status as one of the team’s top bullpen arms. Daniel Lynch IV and offseason signee Alex Lange are the only relievers who could plausibly be optioned right now. Since players with more than five years of service cannot be optioned without their consent, signing a free agent would further restrict the team’s moves with regards to shuffling pitchers between Kansas City and Triple-A Omaha.

Kansas City currently has three lefties projected for its Opening Day bullpen: Strahm, Lynch and Falter. Only Strahm, whom they acquired from the Phillies earlier this winter, seems like a lock for leverage innings. While Lynch pitched to a tidy 3.06 ERA in 67 2/3 frames this past season, he did so with the third-lowest strikeout rate among all qualified relievers in MLB (leading only grounder specialist Tim Hill and swingman Kolby Allard). Metrics like SIERA (4.62) and FIP (4.76) are far more bearish on the former top prospect. Falter, meanwhile, was rocked for 15 earned runs in 12 innings after coming over from the Pirates in a July trade.

Those are the only three left-handed relievers on Kansas City’s 40-man roster. The rotation contains three southpaws in Cole Ragans, Kris Bubic and Noah Cameron, but they’re all ticketed for starting gigs. Angel Zerpa has been one of the team’s go-to options from the left side, but he was traded to the Brewers in the swap that netted both Collins and Mears.

It can be difficult to identify obvious trade targets when it comes to controllable relievers. Jose A. Ferrer had been one such lefty, but the Nats already shipped him to the Mariners this offseason. The Cardinals have a left-handed reliever who’s clearly available in trade, but JoJo Romero has five years of big league service and can’t be sent to Triple-A without his consent. He doesn’t fit the mold of controllable, optionable reliever the Royals are seeking.

Speculatively speaking, Dylan Dodd doesn’t have a clear path to innings in Atlanta’s bullpen. The Brewers are deep in lefties (Jared Koenig, Aaron Ashby, DL Hall) and are typically willing to engage in conversation on anyone. The Cubs have signed five free agent relievers this offseason, leaving a trio of lefties on the 40-man roster ticketed for Triple-A work (Luke Little, Jordan Wicks, Riley Martin).

As shown with the Lange signing, the lower tiers of free agency tend to offer bullpen possibilities with options still remaining. John King, non-tendered by the Cardinals, might be a sensible depth lefty, although he’ll hit five years of service with just 24 more days on a big league roster, at which point he’d no longer provide the flexibility apparently sought by Kansas City. He would, however, be a potential multi-year option, given that he’d have an extra year of arbitration control remaining.

There’s a broad range of possibilities to consider, but it seems fair to expect that the Royals could look to put together a trade for an under-the-radar lefty or at the very least try to actively work the waiver wire or DFA market to bring in some additional depth in the next few weeks.

Royals, Josh Rojas Agree To Minor League Deal

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The Royals have agreed to a minor league contract with infielder/outfielder Josh Rojas, Mark Feinsand of MLB.com reports. The MVP Sports client will receive a non-roster invitation to major league camp this spring.

Rojas, 31, will compete for a bench spot in camp. He’s a left-handed hitter who has experience at second base, third base, shortstop and in the outfield corners, although metrics like Defensive Runs Saved and Outs Above Average have heavily panned his glovework at shortstop and at third base.

A former 26th-rounder out of the University of Hawaii who signed just a $1000 bonus in the draft, Rojas climbed to the majors with the 2019 D-backs and had a couple seasons as a solid regular in Arizona. From 2021-22, he totaled 1060 plate appearances and slashed .266/.345/.401 (106 wRC+) while splitting his time between second base, third base and left field.

Rojas got out to an awful start in 2023 and wound up being traded to Seattle alongside Dominic Canzone and Ryan Bliss that summer in the trade sending Paul Sewald from Seattle to Arizona. He hit .236/.308/.351 during a season and a half with the Mariners before being non-tendered last offseason. The White Sox then signed Rojas to a one-year deal, but his .180/.252/.259 output in 211 plate appearances was poor enough that the Sox designated him for assignment and released him in August.

Kansas City has been on the lookout for a utility player to deepen its bench mix, and while Rojas isn’t going to be viewed as a definitive answer in that regard, he can compete for that sort of role in spring training if the Royals don’t wind up landing a veteran on a guaranteed deal or bringing someone in via trade. Kansas City has Jonathan India at second base, Maikel Garcia at third base, Isaac Collins in left field and will hope for a Jac Caglianone breakout in right field this year. Rojas can provide some depth at all those spots, but he’ll have to hit his way onto the club once Cactus League play commences in a couple months.

Royals, Jorge Alfaro Agree To Minor League Deal

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The Royals and veteran catcher Jorge Alfaro are in agreement on a minor league contract, reports Aram Leighton of Just Baseball. Presumably, there’s an invitation to major league camp included in the CAA client’s deal.

Now 32 years old, Alfaro was one of the top catching prospects in the game when the Phillies sent him to Miami alongside right-hander Sixto Sanchez in the trade that sent star backstop J.T. Realmuto to Philadelphia. Alfaro had a decent run between the Phils and the Fish from 2017-19 when he slashed .269/.322/.429 with 33 homers in 956 plate appearances. That output came with a sky-high 34% strikeout rate, however.

While the bloated strikeout rate made it hard to imagine Alfaro continuing his success at the plate, his plus raw power and accurate rocket of an arm gave him a chance to stick around in at least a part-time role, but Alfaro has slipped into journeyman status as his strikeout woes have escalated and his framing/blocking grades have dwindled. Over his past 736 MLB plate appearances dating back to 2020, Alfaro is a .237/.277/.352 hitter. He’s walked in just 3.6% of his plate appearances during that time and fanned nearly 10 times as often. Even in Triple-A with the Brewers in 2025, Alfaro swatted 15 homers and slashed .244/.285/.430 … but did so with a 36.5% strikeout rate.

The Royals don’t need immediate help behind the plate. Alfaro is likely being viewed as a depth option for Triple-A Omaha, but injuries or trades could always impact the depth chart. Team captain Salvador Perez, of course, isn’t going anywhere and will again see plenty of time behind the plate.

That said, Perez has seen more time at first base and at designated hitter in recent seasons, and with prospect Carter Jensen looking ready for a real audition, Perez could spend even less time behind the dish. Blake Mitchell is another well-regarded catching option in the upper minors, and 20-year-old Ramon Ramirez gives them a third catching prospect of note (although he’s yet to play above High-A).

Royals Extend Matt Quatraro

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The Royals announced this afternoon that they’ve signed manager Matt Quatraro to a three-year extension. Quatraro was already under contract through 2026 but now has signed on for the 2027-29 seasons as well. The announcement notes that the deal includes a club option for the 2030 campaign.

Quatraro, 52, took over managing the Royals after the 2022 season, replacing Mike Matheny. Prior to taking his current role with the Royals, Quatraro served as a bench coach and third base coach for the Rays, as well as an assistant hitting coach in Cleveland. Quatraro’s first year at the helm in Kansas City was a disastrous one, as his team lost 106 games. That’s a record that can’t fairly be attributed to Quatraro in full, however, seeing as he inherited a franchise coming off a 97-loss campaign that last finished above .500 in 2015. After an aggressive push towards contention during the 2023-24 offseason, Quatraro managed to lead the Royals back into the playoffs as they posted a respectable 86-76 record.

That was good for second place in the AL Central that year and earned Kansas City a Wild Card spot. They ultimately swept the Orioles out of the playoffs that year before falling to the Yankees in a four-game ALDS. That season earned Quatraro a second place finish in AL Manager of the Year voting, just behind Guardians manager Stephen Vogt. After another busy offseason last year, the Royals were hoping to repeat that performance and return to the playoffs. Things didn’t go quite so well the second time around, as the team finished with an 82-80 record that left them five games back of the final Wild Card spot.

Disappointing as that outcome was, however, extensions for Seth Lugo and Maikel Garcia have suggested that the front office and ownership feel things are still trending in the right direction, and deals to bring in pieces like Isaac Collins and Matt Strahm further indicate that the Royals enter 2026 with postseason aspirations once again. That’s exceptional for a Royals club that had enjoyed just four season above .500 in the 30 years preceding Quatraro’s ascension to the manager’s chair. Given the team’s relative success under Quatraro compared to their recent history (the club’s back-to-back World Series appearances in 2014-15 notwithstanding), it’s hardly a shock that the Royals decided to work out a new deal with their skipper rather than have him enter the 2026 campaign as a lame duck.

With Quatraro now under contract for at least the next four seasons, the Royals will enter what could prove to be a pivotal season for the club with some stability in the dugout. As Kansas City looks to maximize it’s years with superstar and franchise face Bobby Witt Jr. under franchise control, they’ve aggressively added players to the team who figure to come off the books in the coming years. Lugo, Jonathan India, Michael Wacha, Carlos Estevez, Kris Bubic, and Salvador Perez could all reach free agency either this offseason or next. Another disappointing season could leave the team in a difficult spot given ownership’s apparent hesitance to add more to a payroll that’s already at franchise record levels. By contrast, a return to the playoffs could cement this as one of the franchise’s best stretches in recent history.

Will The Royals Trade A Starter?

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Early in the offseason, Royals president of baseball operations J.J. Picollo said the team was open to trading a starting pitcher for offense. That would have been focused on the outfield, which has been a problem for the club for years.

Kansas City has acquired a pair of outfielders in the month since Picollo’s comments. They signed Lane Thomas to a reclamation $5.5MM free agent deal, then swapped lefty reliever Angel Zerpa to Milwaukee for Isaac Collins and middle reliever Nick Mears. Those moves raised the floor relative to where the outfield stood at the end of the 2025 season, yet it remains one of the weaker on-paper groups in MLB.

Kyle Isbel is a low-end regular in center field. Collins had a strong season but was a 27-year-old rookie whose results outpaced mediocre batted ball metrics. The Royals probably don’t expect him to be more than an average regular in left field. Jac Caglianone has the highest ceiling of the group, but MLB pitchers exploited his aggressive plate approach in his first 62 games. Caglianone so thoroughly dominated the minor leagues that the Royals might feel he has little to learn by going back to Triple-A. Still, there are sure to be peaks and valleys even if he takes a step forward in his first full MLB season. Thomas battled injuries and was mostly unproductive after being traded from the Nationals to the Guardians at the ’24 deadline.

Depth options John Rave, Dairon Blanco, Drew Waters and Kameron Misner (acquired in a DFA trade with Tampa Bay) have shown very little at the big league level. That makes it unsurprising that the Royals continue to monitor the outfield market after the Collins/Thomas deals. Working with seemingly limited payroll space and a weak farm system, trading a starter could still be on the table — even if it seems less likely than it did a month ago.

Picollo has strongly downplayed the chance of moving Cole Ragans. He’s controllable for three seasons and has shown ace upside but is coming off a significant rotator cuff injury. They extended Michael Wacha last offseason and Seth Lugo before the trade deadline. It’s hard to see either veteran righty going anywhere.

Left-hander Kris Bubic is headed into his final season of arbitration control. He pitched at a top-of-the-rotation level but suffered a season-ending rotator cuff strain not long after the All-Star Break. Southpaw Noah Cameron had a sub-3.00 ERA over his first 24 career starts despite a below-average 20.5% strikeout rate. Controllable depth arms Ryan Bergert and Stephen Kolek have drawn interest but have minor league options and could be key injury insurance in Triple-A. They’re presumably open to moving Bailey Falter, but he’d have minimal trade value. Alec Marsh has gotten interest in the past but underwent labrum surgery in November and will likely miss the entire season.

Will anyone from that group be on the move before Opening Day?

 

Yankees, Royals Interested In Austin Hays

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The New York Post’s Jon Heyman reports this morning that the Royals “remain interested” in signing Austin Hays, despite having recently acquired outfielders Isaac Collins and Lane Thomas. This lines up with previous reporting suggesting that president of baseball operations J.J. Picollo is still searching for upgrades after his outfielders finished last in MLB in runs scored, RBI, on-base percentage, OPS, wRC+, and FanGraphs WAR in 2025. Heyman first connected Hays and the Royals earlier this month.

Heyman also notes that the Yankees have “checked in” on Hays, although they might only be interested in adding him if they can’t re-sign Cody Bellinger, whom the New York Post reporter describes as their top target. In contrast to the Royals, the Yankees led the majors in most offensive categories from the outfield this past year, including runs scored, home runs, RBI, all three triple-slash metrics, wRC+, and fWAR. Bellinger was a key contributor to that effort, and it’s no surprise the Bronx Bombers would love to team him up with Aaron Judge and Trent Grisham once again. Their interest in retaining Bellinger is hardly breaking news.

This is, however, the first time the Yankees have been linked to Hays. Heyman reported a month ago that Kyle Tucker could be their “backup plan” if they missed out on Bellinger, and needless to say, Hays would not be the same kind of outfield upgrade. In fact, it’s less clear if Hays would be an upgrade at all. The young switch-hitter Jasson Domínguez certainly has a higher ceiling, while Amed Rosario, though limited in his outfield experience, is already on the roster to fill a righty-batting utility role. Whether the Yankees’ reported interest in Hays suggests a lack of faith in Domínguez to become an everyday player, a lack of faith in Rosario to play the outfield, or simply GM Brian Cashman doing his due diligence remains to be seen.

Yesterday, Heyman reported that the Mets’ front office had engaged in conversations about signing Hays. Considering the Mets lost several outfielders to free agency this winter and traded away two more, they could certainly find playing time for the veteran in 2026. Of course, he might be more of a plan B in Queens as well, with the Mets having also expressed interest in signing Bellinger and trading for White Sox center fielder Luis Robert Jr.

Hays, 30, is coming off a solid season for Cincinnati. In 103 games and 416 PA, he slashed .266/.315/.453 with 15 home runs and a 105 wRC+. He also went 7-for-7 on the bases while playing capably in left field. As usual, he was particularly effective against left-handed pitching (.949 OPS, 155 wRC+). While Hays is unlikely to be an everyday player, at least not on a contending team, he has proven he can be a valuable role player over his eight MLB seasons with the Orioles, Phillies, and Reds.

Details On Matt Strahm Trade

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The Phillies traded lefty Matt Strahm to the Royals on Friday in exchange for righty reliever Jonathan Bowlan. Philadelphia has two other solid lefty relievers in Jose Alvarado and Tanner Banks, to say nothing of Jhoan Duran and the recently-signed Brad Keller from the right side. With a strong late-inning mix in those four, it made sense to clear Strahm’s $7.5MM salary for 2026 to help with other additions, such as a J.T. Realmuto reunion.

According to Matt Gelb of the Athletic, Strahm was outspoken in his opinions on how the bullpen and clubhouse were managed, which clashed with coaches and other team officials. Meanwhile, Phillies president of baseball operations Dave Dombrowski framed the matter as a more of a question of contractual control, telling reporters, “(Strahm is) a year away from free agency. We were able to get a guy that we liked who has six years of (club control) and we think can help us right away. So you have to give to get. And we still feel good with our left-handers in the bullpen.”

For his part, Strahm released a statement following the trade in which he spoke positively of the organization and of his now-former teammates. “It was an honor to wear this uniform alongside you and compete every day with a group that truly cared about winning and about each other,” said Strahm. “I’ll miss every single guy in that clubhouse. I’ve never experienced anything like it.” In any case, whether the trade resulted from tension with his teammates or with the coaching staff, the club felt it was the right time to move on.

Strahm came to the Phillies in December 2022 on a two-year, $15MM deal. In March 2024, the two sides agreed on a one-year extension for 2025 at a $7.5MM salary, which contained a $4.5MM club option for 2026. Strahm vested that option at a higher rate of $7.5MM by reaching 60 innings in 2025 (he finished with 62 1/3 innings over 66 appearances) and passing a physical in September. Indeed, while he was injury-prone during his years with the Royals, Padres, and Red Sox, Strahm was healthy from 2023-25 with the Phillies, avoiding the injured list entirely.

The combination of good health and performance made his $7.5MM annual salary an excellent value. In 212 2/3 innings across 188 appearances from 2023-25, Strahm had a 2.71 ERA and struck out 30.5% of hitters against a 6.2% walk rate. Excluding his 33 1/3 innings as a starter in 2023, his 2.46 ERA in 179 1/3 innings was 10th-best among qualified relievers, just ahead of Edwin Diaz and Josh Hader. His 24.1% K-BB rate as a reliever was 12th-best.

His 2025 was more of the same, if a slight step down from his All-Star 2024 season. He pitched to a 2.74 ERA while seeing his strikeout and walk numbers trend slightly in the wrong direction. He struck out 33.3% of hitters in 2024, though that slipped to 27.3% this year. That is still excellent, ranking in the 81st percentile according to Statcast. Similarly, his walk rate increased from 4.6% to 7.8% in 2025, which graded out in the 53rd percentile. Both of those metrics suggest that Strahm is still a capable high-leverage arm. That said, there were some signs of decline under the surface. His four-seam velocity dropped to 92.2 mph this year after sitting at 93.4 mph from 2023-24. His 21.2% groundball rate in 2025 was worst among qualified relievers, while his 59.0% flyball rate was third-worst.

Given these trends and the tension with the coaching staff, the Phillies may have simply been content to move on and enter 2026 with Alvarado and Banks as their lefty relievers. Meanwhile, Strahm will get a fresh start with the Royals, whose bullpen is quite strong heading into 2026. The additions of Strahm and outfielder Lane Thomas bring the club’s projected payroll to $150MM, up from $138MM in 2025, according to RosterResource.

Photo courtesy of Jayne Kamin-Oncea, Imagn Images

Royals Acquire Matt Strahm

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The Royals and Phillies announced a one-for-one reliever swap on Friday morning. Left-hander Matt Strahm heads to Kansas City with righty Jonathan Bowlan going to Philadelphia.

It’s a reunion for Strahm and the Royals, as Kansas City drafted the lefty in the 21st round of the 2012 draft. Strahm made his big league debut for the Royals in 2016 and spent parts of two seasons with the club before being shipped to the Padres in a six-player trade alongside Travis Wood and Esteury Ruiz in order to acquire Trevor Cahill, Brandon Maurer, and Ryan Buchter. Strahm had a career 3.81 ERA and 4.12 FIP in 56 2/3 innings at the time of the trade. He’ll now return to Kansas City nearly a decade later with more than 500 MLB innings and an All-Star appearance under his belt.

Much of Strahm’s tenure with the Padres was fraught with injuries and ineffectiveness, but a solid season with Boston back in 2022 convinced the Phillies to bring him into the fold. Since arriving in Philadelphia, the lefty has emerged as one of the league’s most effective relievers. He has a 2.71 ERA in 212 2/3 innings of work over the past three years with a 2.82 FIP and a 3.01 SIERA. That’s the eighth-most innings of any pitcher with ten starts or fewer over the past three seasons, and among qualified relievers his ERA ranks 10th, his FIP ranks 15th, and his SIERA ranks 21st.

That’s an elite combination of quality and quantity that virtually any bullpen would benefit from adding, and the Royals are no exception. Strahm figures to join closer Carlos Estevez and righty Lucas Erceg at the back of the Kansas City bullpen to create the best late-inning trio the Royals have had since the 2015 club’s “three-headed monster” of Greg Holland, Wade Davis, and Kelvin Herrera. With solid arms like Nick Mears, John Schreiber, and Daniel Lynch IV set to cover the middle innings, it’s not hard to imagine the Royals entering 2025 with one of the stronger top-to-bottom bullpens in the American League thanks to this trade. Mears just came over in the same trade that netted Isaac Collins for the Royals but sent lefty Angel Zerpa to the Brewers. Sending out Zerpa cut into Kansas City’s lefty relief group but they have quickly pivoted to Strahm to restock in that department.

The loss of Strahm will surely sting for the Phillies somewhat, but the club remains fairly well set up in terms of their late-inning mix. Jhoan Duran remains one of the league’s top closers, and the recently-acquired Brad Keller was one of the top setup men in the majors last year with the Cubs. From the left side, Jose Alvarado and Tanner Banks should form a quality duo, and Alvarado in particular has offered elite production in the past. Strahm’s name has long been in trade rumors this winter, and clearing his $7.5MM salary off the books could help the Phillies in the pursuit of a reunion with catcher J.T. Realmuto or help them to afford the addition of another outfielder, who could help contribute alongside Brandon Marsh, Adolis Garcia, and top prospect Justin Crawford.

Aside from the financial incentive to make the trade, the Phillies will also receive the services of Bowlan, a 29-year-old righty who made his big league debut in 2023 but just got his first extended look in the majors last year. Bowlan pitched quite well across 44 1/3 innings for Kansas City in 2025, posting a 3.86 ERA with a 3.97 FIP in that time. He struck out 25.6% of his opponents with a 9.4% walk rate and a solid 48.7% ground ball rate.

That ability to generate both strikeouts and grounders should make Bowlan an effective, low-cost addition to a Phillies pen that has plenty of solid options in the late innings but has plenty of spots still fairly unsettled. With less than one year of service time under his belt, Bowlan can be controlled through the end of the 2031 season, affording Philadelphia the opportunity to bring in an arm that could be part of their relief mix for years to come.

Robert Murray of FanSided first reported that Strahm was being traded to Kansas City. MLB.com’s Mark Feinsand had Bowlan going the other way.

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