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2024-25 Offseason In Review

Offseason In Review: Seattle Mariners

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Despite some glaring needs for offense, the Mariners only ended up tinkering a bit with their lineup after a pretty quiet offseason.

Major League Signings

2025 spending: $11.25MM
Total spending: $11.25MM

Option Decisions

Trades & Claims

Notable Minor League Signings

Extensions

  • None

Notable Losses

After a few months of scouring the free agent and trade markets for a replacement for second baseman Jorge Polanco, the Mariners ended up signing....third baseman Jorge Polanco, brought back on a one-year deal worth $7.75MM in guaranteed money, and with a vesting option that could guarantee Polanco at least $6MM in 2026.  Polanco has played the vast majority of his nine MLB seasons as a middle infielder, but he does have 24 games of experience as a third baseman, with 15 of those games coming as recently as the 2023 season when he was still a member of the Twins.

Polanco's defensive metrics as a second baseman were mostly subpar, and his lack of a strong throwing arm raises questions about how well he'll translate to the hot corner.  However, the bigger issue might be whether or not Polanco can rebound from a rough year at the plate.  The infielder hit only .213/.296/.355 over 469 plate appearances with Seattle in 2024, while also missing a month due to a hamstring strain, and undergoing surgery in October to correct a lingering left knee problem.

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Offseason In Review: New York Mets

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The Mets gave out the largest contract in the history of baseball and all professional sports, but they otherwise avoided the top guys and tried to spread their money around to a wide variety of targets.

Major League Signings

2025 spending: $236.475MM (not including split deals or accounting for deferrals)
Total spending: $1.0066 billion

Option Decisions

Trades and Claims

Notable Minor League Signings

Extensions

  • None.

Notable Losses

Going into the winter, it was still hard to get a firm grip on what the Steve Cohen and David Stearns relationship would really look like. Cohen had made the Mets one of the top-spending clubs in baseball. That would have been even more true if the Carlos Correa deal had gone through. But Cohen could easily sign top players on his own and presumably brought in Stearns to make wise decisions about how to allocate resources. Stearns, for his part, had previously been running the small-market Brewers. He had obviously been conservative with that club, only twice giving out a contract larger than $24MM, but how would he act with deeper pockets?

Stearns was hired prior to the 2023-24 offseason but it was hard to draw conclusions from that winter. The club had a disappointing 2023 and ended up having a midseason selloff, sending away Justin Verlander, Max Scherzer, David Robertson and others. They ended up having a fairly modest winter ahead of 2024. They spent a decent amount of money but by signing multiple players to one- or two-year deals.

They went on to engineer a somewhat surprising season in 2024. They snuck into a playoff spot and then got by the Brewers and Phillies in the postseason before getting felled by the Dodgers in the NLCS.

On the heels of a better season and with the club in overall better shape, would Stearns and the Mets behave differently than they did in the previous winter? Many expected the aggression to be ramped up but it wasn't known for sure. It was an important wild card factor in an offseason that was highlighted by Juan Soto, the most sought-after free agent in recent baseball history, perhaps ever. But on top of that, the market also featured guys like Corbin Burnes, Max Fried, Blake Snell, Willy Adames, Alex Bregman and Mets legend Pete Alonso. Would Stearns use Cohen's resources to own the offseason?

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Offseason In Review: Minnesota Twins

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The Twins' front office was constricted by payroll limitations for a second straight offseason -- this time in the wake of announcement that the Pohlad family was looking to sell the team. After a quiet winter, they'll hope for better health and improvement from within.

Major League Signings

2025 spending: $10.25MM
Total spending: $10.25MM

Option Decisions

Trades and Waiver Claims

Extensions

  • None

Minor League Signings

Losses

On Oct. 10, executive chair Joe Pohlad announced that his family would explore a sale of the team after 40 years of ownership. The 42-year-old had been elevated to oversee day-to-day ownership duties for the family just two years prior and quickly signed off on a club-record deal to re-sign Carlos Correa and an extension for Pablo Lopez just weeks after acquiring him via trade. The Twins entered 2023 with a club-record $154MM payroll, but as their television revenues were upended by the bankruptcy proceedings for Diamond Sports Group/Bally Sports, ownership mandated a payroll reduction of some $30MM in 2024 and placed strict financial limitations on the front office again this offseason.

The composition of that front office, it should be noted, changed dramatically this winter.

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Offseason In Review: New York Yankees

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The Yankees found themselves in the rare position of being outbid by the Mets for the top free agent. They responded with multiple lesser but still significant pickups, including an eight-year deal to add a top-of-the-rotation arm.

Major League Signings

2025 spending: $52.35MM
Total spending: $238.35MM

Option Decisions

Trades and Claims

Notable Minor League Signings

Extensions

  • None

Notable Losses

The Yankees' season ended with a blown five-run lead in the World Series Game 5 clincher. The front office didn't have much time to think about that defeat. They faced a number of crucial decisions within the opening days of the offseason.

Some of those were straightforward. They exercised a $2.5MM option on Luke Weaver while moving on from Anthony Rizzo and Lou Trivino. They exercised their option on manager Aaron Boone, a precursor to the two-year extension he would sign early in Spring Training. They made the qualifying offer to Juan Soto. The biggest question of the offseason's first week: would Gerrit Cole test the market?

The ace had to decide whether to opt out of the remaining four years and $144MM on his nine-year free agent deal. If he triggered the opt-out, New York could override it by exercising a $36MM club option covering the 2029 season. Cole took his decision to the wire before deciding to opt out. The Yankees balked at the option. For a day, it looked like Cole would be one of the biggest risk-reward plays on the open market.

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Offseason In Review: Atlanta Braves

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The Braves scaled back spending this offseason, but still brought in an All-Star outfielder and a lot of depth options to bolster the roster.

Major League Signings

2025 spending: $13.5MM
Total spending: $43.5MM

Option Decisions

Trades & Claims

Notable Minor League Signings

Extensions

Notable Losses

President of baseball operations Alex Anthopoulos traditionally makes several moves early in the offseason, and he got a particularly quick jump on things this winter by trading Jorge Soler to the Angels less than 24 hours after the World Series ended.  Since exercising Marcell Ozuna's club option was a no-brainer, Soler became redundant in Atlanta's lineup, and an obvious trade candidate.  Because return piece Griffin Canning was eventually non-tendered, the deal became a pure salary dump, as the Halos took the remaining $26MM of Soler's contract off the Braves' hands.

The Braves also moved quickly in signing Reynaldo Lopez and Aaron Bummer to contract extensions, though since the players were already controlled (Lopez via a previous extension and Bummer via club options), the new deals were more about reshuffling some money and creating some space under the luxury tax.  More payroll space was freed up when the Braves declined club options on Travis d'Arnaud and Luke Jackson, and when arbitration-eligibles Ramon Laureano, Cavan Biggio, and Huascar Ynoa were all let go.

All of these moves indicated that Anthopoulos was preparing for another transaction that would cost his team a significant chunk of money.  It took a couple of months for that next step to happen, but Atlanta finally struck in signing Jurickson Profar to a three-year, $42MM deal.  Profar will now line up as the Braves' everyday left fielder, bringing some stability to an outfield that will still be without Ronald Acuna Jr. until likely sometime in May, as Acuna recovers from his torn ACL.

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Offseason In Review: Chicago White Sox

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The White Sox hired a new manager and cashed in Garrett Crochet for prospects, otherwise making affordable, low-ceiling additions.

Major League Signings

2025 spending: $15.2MM
Total spending: $15.2MM

Option Decisions

Trades and Claims

Notable Minor League Signings

Extensions

  • None

Notable Losses

Chris Getz was hired as White Sox executive vice president/GM in August 2023, inheriting manager Pedro Grifol from previous longtime GM Rick Hahn.  After about a year in the GM chair with his team sporting a historically bad 28-89 record on the 2024 season, Getz fired Grifol and installed Grady Sizemore as interim manager for the remainder of the campaign.  Managers can occasionally ride out rebuilding years, proving themselves on soft factors and retaining the job when the team gets good.  The Orioles' Brandon Hyde did this.  Grifol, however, did not warrant that level of faith.

Given a clean offseason slate to choose his own manager, Getz ran an extensive search that included Will Venable, Daniel Descalso, Phil Nevin, George Lombard, A.J. Ellis, Donnie Ecker, Danny Lehmann, Clayton McCullough, Craig Albernaz, and many others whose names did not reach the media.  Getz had competition from the Marlins on several of these candidates.  He ultimately chose Venable on October 29th.  McCullough landed the Marlins gig not long after, while Nevin still landed with Chicago but as a special assistant in their player development department.

The Princeton-educated Venable became the 44th manager in White Sox history, and he takes over a team that has nowhere to go but up.  Getz himself was the beneficiary of Jerry Reinsdorf's "I didn’t have to interview these people, because I knew them all" hiring approach, which also netted Tony La Russa as manager in October 2020.  So it's always a relief to see the White Sox conduct an extensive search as they did with Venable.

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Offseason In Review: Los Angeles Angels

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The Angels were the most active team in the first few weeks of the offseason. They added a mid-rotation starter and a new designated hitter to upgrade the middle third of the lineup. They went oddly quiet after that, leaving them to enter the season with a roster that again seems too thin to hang in the race all year.

Major League Signings

2025 spending: $47.25MM
Total spending: $95.25MM

Option Decisions

  • None

Trades and Claims

Notable Minor League Signings

Extensions

  • None

Notable Losses

The Angels finished 63-99 under first-year manager Ron Washington, narrowly avoiding what would have been their first 100-loss campaign. Only the White Sox, Rockies and Marlins had a worse run differential. They have the longest active playoff drought in MLB at 10 years.

Shortly after the season ended, owner Arte Moreno told Jeff Fletcher of The Orange County Register that he expected to compete for a playoff spot in 2025. "(General manager Perry Minasian's) marching orders are we need to build a team that can compete for a playoff spot. When you get to playoffs, anything can happen," Moreno said. The owner indicated he was prepared to raise payroll to make that happen. The Angels had cut spending by more than $40MM over the 2023-24 offseason.

Expecting to add 20+ wins within one offseason, even with a payroll spike, is unrealistic. Still, the Angels began the winter with a sense of urgency that reflected a real desire to improve in the short term. They pulled off the first major trade of the offseason within hours of the World Series concluding. The Angels took the remaining two years and $26MM on Jorge Soler's contract off the Braves' hands. Los Angeles sent Griffin Canning, whom they were presumably planning to non-tender, the other way. Atlanta subsequently cut Canning themselves, confirming that was purely a salary dump on their part.

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Offseason In Review: Baltimore Orioles

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There was some hope that the Orioles would become big offseason players in the first winter under new owner David Rubenstein. That didn't exactly come to pass, though the O's still showed a bit more aggression than they have in a while.

Major League Signings

2025 spending: $67.975MM
Total spending: $100.975MM

Option Decisions

Trades and Claims

Notable Minor League Signings

Extensions

Notable Losses

The Orioles hired Mike Elias as general manager in November of 2018. The initial years of his tenure saw the club act very conservatively, but for understandable reasons. They lost 115 games in that 2018 season and were looking at a long rebuilding period. They finally emerged with a winning record in 2022 and then made the playoffs in 2023, but the ownership situation was uncertain. The Angelos family had been squabbling over control of the club and there were whispers that the O's were for sale.

In the 2023-24 offseason, reports emerged that a group led by David Rubenstein was going to purchase the club. That sale didn't get approved by Major League Baseball until around Opening Day of the 2024 season. At that time, Elias had still never given a free agent a multi-year deal. Craig Kimbrel and his $13MM guarantee was the only signing to go beyond $10MM.

Many Oriole fans hoped that the regime change would lead to a huge shift in operating policy, similar to the way Steve Cohen turned the Mets into a powerhouse club. There were some positive signs during the 2024 season that such a path was possible. The O's acquired Zach Eflin at the deadline. His deal with the Rays was backloaded, with an $18MM salary in 2025 that the Orioles took on. They also acquired Seranthony Domínguez, whose deal contained an $8MM club option for 2025 that was eventually exercised.

Reading the tea leaves, it seemed like the club would be operating with some more spending capacity for 2025. In early October, just after the O's were eliminated from the playoffs, Elias fanned the flames a bit. He told members of the media that he was "pretty confident" the club's payroll would be going up. He later said that the O's were looking at "the whole spectrum" of available pitchers, adding: “If you’re running the team optimally….you’re certainly wanting to keep the whole menu of player acquisition open. That involves high-end free agent deals over many years. We’ve been engaged in those conversations already.”

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Offseason In Review: Philadelphia Phillies

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After winning the NL East for the first time in 13 years, the Phillies had their quietest offseason since Dave Dombrowski took over as president of baseball operations. Some will say the Phillies didn’t need to make any major moves, considering that almost all of their key contributors are returning for another year. Others will argue they are playing a dangerous game by largely running it back, allowing the Mets and Braves to gain precious ground. Is this team moving in the right direction heading into 2025?

Major League Signings

2025 spending: $22.5MM
Total spending: $22.5MM

Trades & Claims

Option Decisions

  • None

Notable Minor League Signings

Notable Losses

The Phillies have enjoyed continued success under manager Rob Thomson, so it came as no shock when they began their offseason by extending the skipper through 2026. The team was also quick to confirm that Thomson’s full coaching staff would return in 2025, although they later lost assistant pitching coach/director of pitching Brian Kaplan to the Diamondbacks. Philadelphia’s pitching staff was arguably the best in baseball during Kaplan’s tenure working under Caleb Cotham (2022-24). The Phillies will hope that Cotham’s new second-in-command, Mark Lowy, has just as much success. In an additional personnel move, the Phillies promoted assistant GM Preston Mattingly to vice president and general manager. Those roles were previously held by Sam Fuld, who will remain with the organization in a new role on the business side of operations. 

At the same press conference in which Dombrowski announced Thomson’s extension, the POBO spoke the words that became the defining refrain of the Phillies’ offseason: “We just have to be open-minded to exploring what’s out there for us, talk to some clubs and see what ends up happening. That process hasn’t started. Sometimes you trade good players for good players” (per MLB.com's Todd Zolecki). 

Needless to say, that quotation led to much speculation about the Phillies making a major trade to shake things up. In particular, Alec Bohm was the subject of several trade rumors. The Royals, Mariners, Angels, and Athletics were all reported to have some degree of interest in the third baseman at one time or another. Coming off an All-Star campaign, Bohm’s value hasn’t been higher since he finished runner-up for the 2020 NL Rookie of the Year. However, there seemed to be a disconnect between how highly the Phillies valued Bohm and how badly any potential suitors were hankering after his services. For instance, the Phillies reportedly asked for Mason Miller from the A’s in exchange for Bohm, which quickly shut down any negotiations between the two teams (per The Athletic’s Ken Rosenthal). 

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Offseason In Review: Pittsburgh Pirates

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It was another modest offseason for the Pirates, who are banking on their young arms to carry them into contention.

Major League Signings

2025 spending: $19.95MM
Total spending: $19.95MM

Option Decisions

Trades and Claims

Extensions

  • None

Notable Minor League Signings

Notable Losses

It's been a rough few decades for the Pirates. They didn't make the playoffs between 1993 and 2012. They then got three straight Wild Card berths, but advanced to the NLDS just once. They started a new playoff drought in 2016 that continues to this day.

There have been some signs of potential lately. In 2023, they were 20-9 at the end of April, but they went 8-18 in May and finished at 76-86. They hovered near contention last year, sitting at 48-48 at the All-Star break, but again finished at 76-86.

Despite those losing seasons, there are exciting elements on the roster. Their collection of rotation talent is one of the best in the league, fronted by Paul Skenes but also including Jared Jones, Mitch Keller, Braxton Ashcraft, Bubba Chandler, Mike Burrows and Thomas Harrington. They also have position players Bryan Reynolds, Ke'Bryan Hayes and Oneil Cruz in place for years to come.

Ideally, the club would have invested around this young core, but that didn't come to pass this winter. The offseason included one notable trade, which is essentially a risky bet on a late bloomer, and several modest free agent signings. They gave out seven one-year deals, none of them worth more than $5.25MM, spending less than $20MM in total. Some of those moves are fine in isolation but the total package is underwhelming.

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