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Aaron Judge Wins AL MVP Award

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Aaron Judge has repeated as the American League MVP. The Yankees star edged out Cal Raleigh and easily cleared third-place finisher José Ramírez to claim his third MVP in four seasons. He’s the thirteenth player in league history to win the award on three occasions.

It was about as tightly contested a race as possible. Judge and Raleigh were 1-2 in some order on all 30 ballots. Judge received 17 first-place votes against Raleigh’s 13. Had two of the Judge voters gone the other way, there would have been co-MVP winners for the first time since Keith Hernandez and Willie Stargell split the NL award in 1979.

That’s a testament to the remarkable seasons turned in by both players. Judge was yet again the best offensive player in baseball. He hit .331/.457/.688 to lead the majors in all three slash stats. Judge paced the AL with 124 walks and 137 runs scored. He finished second behind Raleigh with 53 homers and 114 runs batted in. While Raleigh had the edge in the power counting statistics, Judge’s offensive rate metrics were far better. He walked more, struck out less, and had much better results on balls in play that didn’t clear the fences. Judge had a near .100 point advantage over Raleigh in OBP and more than .080 points above him in average. He won the AL batting title by .020 points over Bo Bichette and Jacob Wilson.

There’s no question that Judge was the more valuable hitter. The case for Raleigh rested on the difficulty of putting up that kind of production as a catcher. The Seattle backstop had one of the greatest seasons ever at the position. He not only became the first catcher in MLB history to reach 50 homers, he cruised to an MLB-high 60 bombs. Raleigh tied for the ninth-most home runs in a season at any position and is tied for third (behind ’22 Judge and 1961 Roger Maris) among hitters who were not connected to performance-enhancing drugs. Raleigh also led the American League with 125 RBI while hitting .247/.359/.589 across 705 plate appearances.

It left voters with a difficult choice: reward the superior hitter or the player who turned in an historic season at the sport’s most demanding position? FanGraphs credited Judge with 10.1 Wins Above Replacement, while Raleigh was at 9.1 WAR. They were easily the top two players in MLB by that metric. Baseball Reference had a slightly bigger gap in Judge’s favor (9.7 to 7.4). Both players were instrumental in getting their teams to the postseason — the Yankees as a Wild Card, Seattle as winners of the AL West.

In the end, voters went with Judge by the narrowest of margins. This was the only of the major awards that was especially close. Shohei Ohtani (NL MVP), Paul Skenes (NL Cy Young), and Nick Kurtz (AL Rookie of the Year) all won unanimously. Tarik Skubal (AL Cy Young) and Drake Baldwin (NL Rookie of the Year) each received more than two-thirds of the first place votes in those categories. The AL MVP was at least somewhat in doubt until the announcement.

Judge has three MVPs and has finished in the top five on five occasions. He’s already a lock for the Hall of Fame and can put himself in truly rarified air if he wins the award once more. Ohtani became only the second player in league history to win a fourth career MVP tonight. Barry Bonds is the record holder with seven such honors. Judge is headed into the fourth season of the nine-year, $360MM free agent deal that he signed to stay in the Bronx over the 2022-23 offseason.

Raleigh has received MVP votes in three straight seasons. He was already one of the sport’s best catchers coming into the season, but this year elevated him to an inner circle of superstars. The M’s signed him to a six-year, $105MM extension just before Opening Day. He’s under contract through 2030 and should remain the face of a wide open competitive window in Seattle. This was his first top three MVP finish.

While Ramírez never stood a chance of winning the award this year, this was his sixth career top five finish. Ramírez has finished in third-place three times and was the runner-up behind José Abreu in 2020. Cleveland’s star third baseman hit .283/.360/.503 and reached 30 homers for the fourth time. He’s putting together a Hall of Fame career and led the Guardians on a late-season run to a second straight AL Central title. Ramírez took a significant hometown discount on a $124MM extension early in the 2022 season. He’s signed for another three years.

It was obvious that every voter would have Judge and Raleigh in the top two. The ballot opened up with the third-place spot. Ramírez led the way with 19 third-place votes and was the only other player who was in the top five on every ballot. Last year’s runner-up Bobby Witt Jr. received nine third-place selections and finished fourth overall. Skubal earned his highest career placement with a fifth-place finish. He and Junior Caminero (who finished ninth overall) received one third-place vote apiece. Julio Rodríguez, George Springer, Garrett Crochet and Jeremy Peña rounded out the top 10. Kurtz was the only other player who received any fourth or fifth place votes. Twenty players appeared on at least one ballot.

Image courtesy of Wendell Cruz, Imagn Images. Full voter breakdown available via BBWAA.

Yankees Notes: Chisholm, Lombard, Rice

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Yankees infielder Jazz Chisholm Jr. is one year away from free agency. He has expressed his desire to stay with the club via an extension. However, general manager Brian Cashman told Brendan Kuty of The Athletic at the general managers meetings this week that he has yet to approach Chisholm’s reps about extension talks.

“Not sure how that would play out,” Cashman said. “But we have not had any conversations outside of he’s looking forward to playing next year, he loves playing here, and, if we’re open (to), if you want to have a legitimate conversation about value, (he’s) open to a longer-term conversation as well.”

The Yankees don’t do many extensions in general. According to MLBTR’s Contract Tracker, which has data going back to the start of 2006, the Yankees have done six extensions in that almost-20-year time frame. There have been none since 2019, when they did three deals for Luis Severino, Aaron Hicks and Aroldis Chapman. None of those three deals worked out especially well for the club, so it’s perhaps not surprising that they haven’t gone back to that well.

Chisholm is coming off a good season. His 27.9% strikeout rate was on the high side but he increased his walk rate to 10.9%, the best of his career. He also hit 31 home runs and stole 31 bases. His .242/.332/.481 batting line translated to a 126 wRC+. His third base defense wasn’t strong but the Yankees acquired Ryan McMahon and moved Chisholm to second, where he graded out better. Put it all together and FanGraphs credited him with 4.4 wins above replacement.

It’s possible the Yankees are content to let Chisholm play his final arbitration season, with MLBTR contributor Matt Swartz projecting a $10.2MM salary, and then let him walk. Assuming he has another season like he did in 2025, he would easily turn down a qualifying offer in search of a strong multi-year pact beginning with his age-29 season.

By that time, it’s possible that prospect George Lombard Jr. has arrived and pushed his way into the middle infield conversation. Lombard, 21 in June, was the club’s first-round pick in 2023. He has been climbing the minor league ladder and reached Double-A in May. He got into 108 games at that level this year and should reach Triple-A in 2026, maybe even right out of camp. He only hit eight home runs and had just a .215 batting average at that level, but he drew walks at a strong 13.6% clip. His .215/.337/.358 line translated to a 111 wRC+.

Though that offense isn’t overwhelming, Lombard was young for the level. He’s still regarded by most outlets as one of the top 50 prospects in the league. His defense is considered strong enough for him to stick at shortstop. Per Kuty, Cashman said this week that Lombard could reach the majors in 2026 but 2027 is more likely. “Defensively, he’s ready to go,” the GM said. “And offensively, it looks like he needs more time, and we’re looking to drive that time and those reps. So I wouldn’t think ’26 is on the horizon, but I wouldn’t (rule out) ’26 at the same time.”

The Yankees can control Anthony Volpe via arbitration through 2028 and José Caballero through 2029. Perhaps they feel that Chisholm’s departure and Lombard’s arrival can sync up fairly nicely so that the middle infield can be addressed internally, allowing them to commit their resources towards pitching or the outfield. Then again, it’s also possible they could circle back to Chisholm later, especially with the uncertainty surrounding Volpe’s shoulder injury and poor performance in 2025. The most common time for extension talks is in the spring, after a club has spent the offseason focusing on external additions.

As for Ben Rice, his fit isn’t locked down but he’ll be in there one way or another. As relayed by Gary Phillips of the New York Daily News, Cashman didn’t firmly declare whether Rice would be catching or at first base, but he said first base was more likely. One way or another, Cashman confirmed he would be be an everyday player.

That’s not surprising, as Rice hit 26 home runs this year, helping him produce a .255/.337/.499 slash line and 133 wRC+. He did a bit of catching but spent more time at first. With Paul Goldschmidt now a free agent, it’s possible Rice could just take up that spot on an everyday basis. Like most lefty hitters, he was better against righties in 2025, but his work against southpaws was passable. His batting average wasn’t great in the split but he hit seven homers in 119 plate appearances without the platoon advantage, leading to a .208/.271/.481 slash and 104 wRC+.

Phillips also notes that Cashman spoke of a desire to add a catcher who swings from the right side, since each of Austin Wells, Rice and J.C. Escarra are lefty bats. Cashman described the market as “very thin” but there are righty bats out there. J.T. Realmuto is too good for a short-side platoon job and the same is likely true of Victor Caratini, but guys like Danny Jansen, James McCann, Luke Maile, Mitch Garver and old friend Gary Sánchez are available.

Photo courtesy of Albert Cesare, Imagn Images

Royals, Guardians Among Teams Interested In Brendan Donovan

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Cardinals infielder/outfielder Brendan Donovan figures to be one of the most sought after trade candidates this offseason. Derrick Goold of the St. Louis Post-Dispatch reports that the Royals and Guardians are two of the clubs interested in acquiring him. Goold also mentions that the Yankees and Dodgers had interest prior to the deadline, which perhaps indicates they would be interested again.

Donovan, 29 in January, has a strong major league track record. He has appeared in 492 games and stepped to the plate 2,006 times. His 9.1% walk rate is solid while his 13.5% strikeout rate is much better than par. He has slashed .282/.361/.411 for a 119 wRC+, indicating he’s been 19% better than league average overall. He has also bounced around the diamond, having played all four infield positions as well as the outfield corners.

He is now two years from free agency. MLBTR contributor Matt Swartz projects him for a $5.4MM salary in 2026. He’ll be due a raise in 2027 before hitting the open market. The Cards are reportedly planning to engage in a multi-year rebuild and likely won’t be competitive in Donovan’s window of control.

Today, a report from Ken Rosenthal, Will Sammon and Katie Woo of The Athletic says the Cards are willing to entertain offers on many of their players but would prefer to hold Alec Burleson and Iván Herrera. Burleson is controlled for three more seasons and Herrera four. That perhaps gives some insight into what the Cards are envisioning as their rebuilding timeline.

That situation alone makes Donovan a trade candidate but there’s also the club’s broader infield picture to consider. Infielder JJ Wetherholt is one of the top prospects in the sport and is knocking on the door of the majors. Masyn Winn, controlled for four more years, is a strong glove-first shortstop. Wetherholt is also a shortstop but his defense is not at Winn’s level, so he’s likely to be moved to second or third base. The Cards also have Donovan, Nolan Arenado, Nolan Gorman and Thomas Saggese in the mix for playing time at those spots.

Arenado and Gorman are coming off some poor seasons and don’t have huge trade value right now. That’s especially true for Arenado, considering his contract, which features a large salary and a no-trade clause. Trading Donovan is the best path for the Cards to both recoup some meaningful young talent, likely on the pitching side, while also freeing up more playing time for others.

President of baseball operations Chaim Bloom admitted to Goold this week that he would likely be focused on acquiring rotation options. That could be controllable young guys or even veterans to eat innings. That will be especially true if they trade Sonny Gray, who is getting interest.

“We’ve definitely been listening on him,” Bloom said. “And definitely, as you would imagine, any time you have a good player, you’re probably going to get some attention and people who are interested. That’s not a surprise. He’s still one of the better pitchers in the league. We value him very highly. Just where we are and thinking long term, we’ve talked to him and we feel there might be something that makes sense. We’ll continue to explore that.”

Without Gray, the projected rotation includes Andre Pallante, Matthew Liberatore, Michael McGreevy and Kyle Leahy. Even a rebuilding club will want to do better than that. Bloom also spoke of a desire to add a veteran or two to the bullpen, though that would likely come via free agency rather than trade.

Given Donovan’s defensive flexibility, he could make sense for almost any contending club, but the Royals are certainly a good fit. “Right now we don’t have somebody who can play infield and right field, and that’s something we’ve got to look at,” Royals president of baseball operations J.J. Picollo said to Goold, speaking generally, not of Donovan specifically. “If we had somebody who could go from the infield to the outfield that’s very beneficial.”

The Royals have had problems in the outfield for years. In 2025, they got a collective .225/.285/.348 line from their outfielders. That resulted in a wRC+ of 73, dead last in the majors. Second base was also a problem this year. Jonathan India and Michael Massey were the primary options at the keystone. India hit .233/.323/.346 on the year for a wRC+ of 89. Massey was even worse, with a .244/.268/.313 line and 57 wRC+. India is going into his final arbitration season, with a projected $7.4MM salary. Massey is projected for just $2MM and can be controlled through 2028.

The payroll appears to be tight in Kansas City but moving on from India and replacing him with Donovan would actually save money. It would, however, require the Royals to give up something of value to the Cardinals. Thankfully, the Cards need controllable pitching more than anything and that’s something the Royals have. Kansas City currently projects to have a rotation of Cole Ragans, Seth Lugo, Kris Bubic and Michael Wacha. That leaves just one spot for Noah Cameron, Stephen Kolek, Ryan Bergert, Luinder Avila or Ben Kudrna.

Since pitching injuries are inevitable, the Royals would presumably prefer to hang onto that depth. However, without a lot of money to spend, there’s an argument for using those arms on the trade block to address their needs on the position player side. Mark Feinsand of MLB.com reports that they are also looking for a left fielder and righty-swinging guy to platoon with Jac Caglianone.

Donovan swings from the left side and wouldn’t help with the latter need, though he could help in left field if he is acquired and either Massey, India or someone like Nick Loftin takes hold of the second base job. Some righty platoon bats who wouldn’t break the bank include Lane Thomas, Miguel Andujar, Randal Grichuk, Austin Hays, Rob Refsnyder and Austin Slater .

The Guards are also a sensible fit. Similar to the Royals, they have been struggling to get strong production from their outfield. As mentioned, the Royals had the worst outfield production in the league in 2025. The Guards were barely above them on that list with a .225/.288/.341 line and 77 wRC+. Second base was also a weak spot, with Brayan Rocchio and Daniel Schneemann getting most of the playing time this year. Rocchio finished the season with a .233/.290/.340 line and 77 wRC+, with Schneemann posting a .206/.283/.354 line and 79 wRC+.

For both the outfield and second base, there are some potential in-house solutions. Travis Bazzana, one of the club’s top prospects, is a second baseman who is closing in on his major league debut. In the outfield, Chase DeLauter and George Valera both got late promotions in 2025. Given Donovan’s versatility, he could move around the field depending on which of those young guys are healthy and productive. His modest projected salary is also an obvious highlight for a low-spending club like the Guardians.

There’s often an abundance of controllable pitching depth in Cleveland but that’s less the case than usual right now. Their rotation was middling in 2025, but they did just bolster their pipeline by adding Khal Stephen in the Shane Bieber trade.

For the Yankees and Dodgers, their situations have changed since their reported interest in Donovan in July. The Yanks grabbed Ryan McMahon from the Rockies ahead of the deadline, moving Jazz Chisholm Jr. to second. They could still fit Donovan in the outfield but they will probably try to reunite with Cody Bellinger and/or Trent Grisham, while perhaps pursuing Kyle Tucker as well.

The Dodgers, they had Max Muncy on the injured list in July and Tommy Edman was banged up as well. Muncy got healthy by the end of the year. Edman recently underwent surgery to address his ankle and should be good to go by spring training. Both Edman and Donovan are capable of playing both second base and the outfield, so perhaps there’s a way they can co-exist. Donovan’s two-year window of control would line up with recent reporting that the Dodgers might look for a short-term outfield solution since they have so many prospects on the way. Donovan could fit into that plan but the Dodgers could also target more of a straightforward outfielder.

Photo courtesy of Jeff Curry, Imagn Images

MLBTR Podcast: Surprising Option Decisions, Qualifying Offers, And Paul DePodesta

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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 Steve Adams of MLB Trade Rumors to discuss…

Check out our past episodes!

The podcast intro and outro song “So Long” is provided courtesy of the band Showoff.  Check out their Facebook page here!

Photo courtesy of Kiyoshi Mio, Imagn Images

Yankees To Promote Dan Fiorito To Major League Coaching Staff

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The Yankees have a new first base coach, reports Greg Joyce of The New York Post. Dan Fiorito, the club’s minor league outfield/infield coordinator, will be promoted to the big league staff. The club hasn’t yet announced the hiring.

It was reported last month that the Yankees would be moving on from a few coaches, including first base and infield coach Travis Chapman. Per Joyce, Fiorito has been hired to replace Chapman at first and is expected to take over the infield coaching duties as well.

Fiorito, 35, played in the Yankees’ minor league system from 2013 to 2016. After his playing days were done, he make the move into coaching. He managed the Gulf Coast League Yankees in 2019, then moved up to manage High-A Hudson Valley in 2021 and Double-A Somerset in 2022.

Photo courtesy of Patrick Oehler, Imagn Images

Blue Jays Interested In Bo Bichette Reunion, Rotation Upgrades

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Blue Jays president Mark Shapiro and general manager Ross Atkins met with the media this week to discuss various topics on the heels of the club’s 2025 season, which was mostly sweet but ended bitterly. Ben Nicholson-Smith of Sportsnet rounded up some of the pertinent details. Most notably, the Jays are interested in reuniting with infielder Bo Bichette and are also on the hunt for pitching. Some trade talks involving starting pitching have already taken place.

Neither detail is a big surprise. The Blue Jays are the only team Bichette has ever known. He has expressed a willingness to return and continue playing alongside Vladimir Guerrero Jr., as the two have done for years. The Jays would surely love to have Bichette back.

The Jays were able to get through the ALDS and ALCS without Bichette, running out an alignment that usually featured Guerrero at first and Andrés Giménez at short, while Ernie Clement, Addison Barger and Isiah Kiner-Falefa split the second and third base duties.

They could run most of that crew back, though Kiner-Falefa is now a free agent. Davis Schneider could factor in at second base at times. But the Jays are surely a better team with Bichette in the lineup, especially when he’s fully healthy. He has a career .294/.337/.469 batting line and had an even better .311/.357/.483 showing in 2025.

Now that Bichette is a free agent, other clubs will come calling. Teams like the Giants, Tigers, Yankees, Dodgers, Red Sox and Mets are logical landing spots, among others. MLBTR predicted Bichette to land an eight-year, $208MM contract. The Jays have never given that kind of money to a free agent, though they did more than double that on Guerrero’s $500MM extension. With the recent revenue generated from the club’s World Series run, perhaps they make an aggressive push to bring Bichette back.

Even if the Jays do have the money to get it done, there will be the question of positioning. Bichette has largely been a shortstop in his career. As he was shelved with a knee injury late in 2025, Giménez took over that spot. Bichette got healthy enough to be activated for the World Series but was clearly not 100%. The Jays kept him at second base and put him in the designated hitter spot a few times when George Springer was hurt.

Bichette has never been a great defensive shortstop but Giménez seems to be strong there, despite being mostly a second baseman in recent years. While Bichette was willing to play second in the World Series and while still hurt, would he be willing to make a permanent move to that spot? If he would like to stick at shortstop for a few more years, would the Jays accommodate him? If not, how much would that impact his signing decision?

The non-Bichette part of the free agent market includes players such as Alex Bregman, Eugenio Suárez, Gleyber Torres, Ha-Seong Kim and others. Guys like Brendan Donovan, Brandon Lowe, Alec Bohm, CJ Abrams, Josh Jung, Nolan Gorman and others might be available in trade.

There’s also Japanese infielder Munetaka Murakami, with Nicholson-Smith listing the Jays and Yankees as two teams linked to him. He is to be posted today, so his free agency will be resolved in the next 45 days.

Murakami wouldn’t be a perfect fit for the Blue Jays. He does have massive power from the left side, something that would work well in their lineup. However, his third base defense is considered poor, with many suspecting that he will quickly wind up at first base in the majors. With Guerrero signed at first base for the next 14 years and guys like Springer and Anthony Santander lined up for DH time, Murakami would have to be shoehorned in a bit.

If the Jays do think he can hack it at third, that would bump Clement to second and Barger to the outfield. That is something that could work but it wouldn’t really leave room for Bichette, barring a trade of some kind. The Yankees also have kind of an awkward fit with Ryan McMahon at third, Ben Rice at first and Giancarlo Stanton the DH, though perhaps they could find a way to balance things by having Rice behind the plate.

Turning to Toronto’s pitching, they just got a huge boost when Shane Bieber surprisingly triggered his player option. He can now be slotted into the 2026 rotation alongside Kevin Gausman and Trey Yesavage. The Jays should also have José Berríos back in the mix. He finished 2025 on the injured list but Atkins said he’s in line for a normal offseason, per Nicholson-Smith.

Guys like Eric Lauer, Bowden Francis, Adam Macko, Lázaro Estrada and Easton Lucas could compete for the #5 spot but the Jays will look at add someone else. In that scenario, Lauer would come into camp as the #6 guy, which was sometimes the case in 2025. He could work a long relief role when everyone is healthy and jump into the rotation as injuries pop up. Everyone else in that cluster of depth arms is optionable and could be in Triple-A. Guys like Angel Bastardo, Ricky Tiedemann and Jake Bloss missed all or most of 2025 while injured and could work into the mix when healthy.

The free agent market features starters like Dylan Cease, Framber Valdez, Tatsuya Imai, Ranger Suárez and plenty of others. Guys like MacKenzie Gore, Joe Ryan, Mitch Keller and others should be available on the trade block.

In Nicholson-Smith’s column, Shapiro didn’t give a clear answer about the 2026 payroll but he praised the support the club has received from ownership and said “I don’t see that support going backwards at all.” That’s logical because, as mentioned, the club just raked in a bunch of money from their extended playoff run.

RosterResource projects the club for a $235MM payroll next year. That’s more than $20MM shy of the $258MM they spent in 2025, per RR. If payroll stays steady, that gives the Jays some room to make a notable move, though it would obviously be easier if the budget goes up. Signing both Bichette and a notable starting pitcher, for instance, would require more than $20MM annually.

In the bullpen, there are dozens of potential players they could target, including free agents and trade candidates. They could even go after closers, as Atkins was noncommittal about Jeff Hoffman staying in that role next year, per Keegan Matheson of MLB.com. “The great thing about Jeff is he’s not married to that,” Atkins said. “I think he would be open to anything that makes us better.”

The Jays signed Hoffman to a three-year, $33MM deal last offseason. He saved 33 games for the Jays this year, plus two more in the playoffs, but in uneven fashion. His strikeout rate was good but he allowed 4.37 earned runs per nine, thanks to allowing 15 home runs on the year, more than in his previous three years combined. As Jays fans well know, or maybe have blocked out, he allowed a game-tying home run to Dodgers #9 hitter Miguel Rojas in the top of the ninth of Game Seven of the World Series.

Home run spikes like that can be fluky. A measure like SIERA, which controls for such things, gave Hoffman a 3.21 mark this year. Still, it’s understandable that the Jays would at least consider adding an established closer and bumping Hoffman into a setup role. The free agent market features guys with closing experience like Edwin Díaz, Robert Suarez, Pete Fairbanks and Devin Williams. Depending on the final payroll, the Jays will have to weigh those pursuits against their other targets.

As for Shapiro himself, his contract only ran through the 2025 season but it would be a shock if he weren’t kept around after such a successful season. He previously hinted that he and the club would likely work out a new deal and he gave similar comments this week. Per Nicholson-Smith, he says he and the team agreed to table extension talks during the postseason run but will “likely work something out soon.”

The coaching staff will also likely be coming back, for the most part. Per Nicholson-Smith, Atkins said there would be no “proactive subtractions,” which seems to be GM speak to indicate no one is getting fired. Bench coach Don Mattingly is walking away and it’s always possible that someone on staff gets offered a promotion with another club, but it’s notable that the Jays plan on keeping the group together as much as they can.

Photo courtesy of John E. Sokolowski, Imagn Images

13 Players Receive Qualifying Offers

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Thirteen players have received a qualifying offer this year, reports Jeff Passan of ESPN. The list is as follows:

This year’s QO is valued at $22.025MM. All 13 players will have until Nov. 18 to decide whether to accept that one-year offer or decline and become a free agent. They can spend that time gauging the open market to determine interest in their services. If a player accepts the QO, he’ll be treated as a free agent signing and thus will be ineligible to be traded without his consent until June 15 of next year. If he declines, any team that signs him will be subject to draft and/or international bonus forfeitures, depending on its revenue-sharing and luxury tax status.

The bulk of the list was generally expected. Every recipient other than Torres and Imanaga was pegged as likely or a no-doubter to receive the QO on MLBTR’s annual lists of qualifying offer previews for position players and for pitchers. Torres was viewed as something of a long shot, at least on the MLBTR staff. He’s coming off a nice season in Detroit but struggled through a poor finish — perhaps in part due to injury — and wasn’t hit with a QO last offseason when coming off a comparable year at the plate in the Bronx.

Imanaga was listed as a borderline call on our preview as well. The Cubs declined a three-year, $57.75MM option on Imanaga last week. He subsequently declined a $15.25MM player option (which came with an additional player option at $15.25MM) — effectively opting out of a remaining two years and $30.5MM. The Cubs are banking on Imanaga also turning away one year at just over $22MM after turning down that remaining $30.5MM in guaranteed money.

The qualifying offer is determined each year by taking the average of the game’s 125 highest-paid players. We’ve already covered the penalties that each team would face for signing a qualified free agent, as well as the compensation each club would get for losing a qualified free agent to another team.

Among the notable free agents to not receive a qualifying offer are Lucas Giolito, Robert Suarez, Devin Williams and Jorge Polanco. Giolito might have received one had it not been for a late elbow issue that ended his season. Suarez has been excellent and just opted out of the remaining two years and $16MM on his contract, but he’ll be 35 next year. The Padres have been reducing payroll in recent seasons and likely didn’t want to risk Suarez locking in that weighty one-year sum. Williams would have received a QO with a typical season, but he struggled throughout much of the season’s first four months before a dominant finish. Polanco enjoyed a terrific rebound campaign but is 32 years old and was limited to DH work for much of the season due to ongoing injury issues.

The qualifying offer grants each of these free agents the chance at a notable one-year payday, though the majority of them will reject without much thought. Players like Tucker, Bichette, Schwarber, Valdez, Cease, Suarez and Diaz are likely to see comparable or larger (much larger, in Tucker’s case) salaries on multi-year deals in free agency. Even players like Grisham, who probably won’t land a $22MM annual value over multiple years, are still likely to reject. Major league free agents typically — though not always — prioritize long-term earning over short-term, higher-AAV pacts. A three- or four-year deal worth $14-16MM per year, for instance, is typically viewed as preferable to accepting one year at a higher rate.

There’s risk in declining the offer, of course. Teams are more reluctant to sign players who’ll cost them valuable draft picks and/or notable portions of their hard-capped bonus pool for international amateurs. Every offseason, there are a handful of free agents whose markets are weighed down by the burden of draft pick compensation. That typically applies to the “lower end” of the QO recipients. For top stars like Tucker, Bichette, etc. — draft/international forfeitures are simply considered the cost of doing business and don’t tend to have much (if any) impact on the player’s earning power.

Yankees Select Kervin Castro

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The Yankees announced that they have selected right-hander Kervin Castro to their 40-man roster. The move prevents him from becoming a minor league free agent. They had several 40-man spaces available due to players recently becoming free agents.

New York took Castro in the second round of the Triple-A portion of the Rule 5 draft in 2023 from Houston. He missed the entire 2024 season while recovering from Tommy John surgery. Castro made 35 appearances for Triple-A Scranton/Wilkes-Barre this past season, pitching to a 1.53 ERA with a solid 27.4% strikeout rate. He earned four saves and five wins as a member of the RailRiders’ bullpen.

The 26-year-old Castro has pitched in pro ball for the past decade. He signed with San Francisco as a 16-year-old in 2015. He made his debut in Rookie ball the following year. Injuries cost Castro all of 2017 and most of 2018, but he put together a solid 2019 at Single-A. The right-hander made 14 starts, posting a 2.66 ERA across 67 2/3 innings. The strong season bumped Castro all the way to Triple-A in 2021 (the 2020 minor league season was canceled).

Castro, now operating strictly as a reliever, struck out 32.8% of batters with Triple-A Sacramento. Opponents hit just .195 over 44 innings against him. San Francisco called up Castro in the final weeks of the 2021 campaign. He excelled in his first taste of the highest level, blanking opponents across 10 appearances. His 13 1/3 scoreless innings came with nearly a strikeout per frame. Castro was back with the big-league club in April the following season, but he was pounded for five earned runs over 1 2/3 innings. He spent the next three months with Sacramento before being scooped up off waivers by the Cubs. Castro continued to struggle with Chicago, recording a 7.59 ERA across eight outings.

Detroit grabbed Castro as a minor league free agent following the 2022 campaign. He made 10 appearances with Triple-A Toledo before going down with an injury. Detroit let him go in August. Houston added Castro in minor league free agency, but he would only spend a couple of weeks in the organization.

Castro is still young and has shown enough flashes when healthy to be worth keeping in the organization. It might take an injury or two, but he could factor in as a multi-inning reliever with the Yankees at some point this season.

Yankees To Exercise Club Option On Tim Hill, Decline Club Option On Jonathan Loaisiga

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The Yankees are exercising their club option on Tim Hill, according to a report from ESPN’s Jorge Castillo. Hill will return to New York on a $3MM salary in 2026. Castillo also reports that the Yankees are not picking up their club option on right-hander Jonathan Loaisiga. Loaisiga will head into free agency rather than collecting what would have been a $5MM salary next year.

Neither of these decisions are especially surprising. Hill, 36 in February, has turned in excellent production for the Yankees over the past two seasons with a 2.68 ERA in 111 innings since being acquired from the White Sox midway through the 2024 season. His peripheral numbers took a big step back in 2025 thanks to eight home runs surrendered that coincided with the highest barrel rate of his career (7.9%). That jump wasn’t helped by the fact that Hill has never been a strikeout artist, and his 13.9% punch out rate this year was actually his best since 2021.

Even so, Hill continues to generate ground balls at some of the highest rates in the league. That makes keeping him in the bullpen at a $3MM price tag something of a no-brainer, and he’ll enter the year as the club’s top left-handed relief option barring an external addition that supplants him on the depth chart. That could leave him in the mix for some high leverage opportunities next year, while David Bednar and Camilo Doval shut things down from the right side.

As for Loaisiga, the right-hander’s eighth year with the Yankees looks likely to be his final one. At one point in his career, the hard-throwing righty looked like a future closer as he posted a 2.50 ERA with a 3.03 FIP between the 2020 and ’21 seasons. Things have unraveled for Loaisiga since, however. He was only pedestrian in 2022 and then missed nearly two full seasons due to injuries. He did manage to make 30 appearances for the Yankees this year, but his 97 ERA+ was just below average and a 5.83 FIP suggested even that figure was aided by some good fortune. His season was cut short by a flexor strain, and he appears likely to enter the market this winter on the hunt for a minor league deal.

With Bednar, Doval, Fernando Cruz, Jake Bird, Ian Hamilton, and Mark Leiter Jr. all in the mix for next year, the Yankees look to be reasonably well set up in the bullpen on the right side. An addition beyond that group can’t necessarily be ruled out, however, as the departures of both Devin Williams and Luke Weaver in conjunction with shaky performances down the stretch from both Bednar and Doval could create a desire to bring in a more surefire closing option.

Cody Bellinger Opts Out Of Yankees’ Deal

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Outfielder Cody Bellinger has opted out of his contract with the Yankees, reports Jon Heyman of the New York Post. Bellinger had one year and $25MM remaining on his deal. He’ll take the $5MM buyout instead.

Bellinger signed a three-year, $80MM contract with the Cubs ahead of the 2024 season. The deal included opt-outs after each year. Bellinger did not opt out after 2024. He was traded to the Yankees for Cody Poteet that offseason. Chicago also sent cash in the deal, paying $2.5MM of Bellinger’s 2025 salary and another $2.5MM that will now go toward the $5MM buyout.

Bellinger bounced back from a pedestrian season with the Cubs to post a strong 2025 in New York. The friendly confines of Yankee Stadium helped the lefty launch 29 home runs, his most since his 2019 NL MVP season. Bellinger slashed .272/.334/.480 while also grading out as a strong defender.

The standout season in the Bronx made Bellinger’s opt-out decision an easy one. He’ll hit the market as a 30-year-old still capable of playing all three outfield positions and first base. His camp is likely looking for at least a five-year commitment with an asking price above $100MM. Bellinger is not eligible to receive a qualifying offer, since he received one from the Cubs following the 2023 season. The Yankees can’t extend the QO and will not receive compensation if he signs with another team.

Bellinger joins Alex Bregman and Pete Alonso as top bats entering the market after opting out of their current contracts. His next foray into free agency is likely to be more fruitful than his previous attempts. After a pair of injury-plagued years, the Dodgers cut him loose following the 2022 season. Bellinger latched on with the Cubs on a one-year deal for 2023. He earned NL Comeback Player of the Year honors, but the market remained skeptical. Bellinger returned to the Cubs on the aforementioned three-year deal, and didn’t perform well enough in 2024 for an opt-out to be a logical choice. Chicago’s acquisition of Kyle Tucker made a trade seem inevitable, and New York was able to acquire him for a minimal return.

New York’s outfield could look quite different in 2026. Bellinger is joining Trent Grisham in free agency, leaving the Yankees with Aaron Judge, Jasson Dominguez, and then plenty of question marks. Top prospect Spencer Jones is a candidate to earn a job next season. The young lefty could provide the power/speed element that New York would be losing with the Bellinger departure. Grisham is a candidate to receive a qualifying offer, and the roughly $22MM could be enough to entice him back after a career-high 34 home runs.

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