Looking For A Match In A Cody Bellinger Trade

A year and a half ago, MLBTR’s Anthony Franco examined potential trade partners for the Cubs as they reportedly shopped center fielder Cody Bellinger ahead of the 2023 trade deadline. Chicago, of course, played their way back into contention and opted to hold onto Bellinger through the remainder of the year before signing him to a three-year, $80MM deal last winter that afforded Bellinger the opportunity to opt out after either the 2024 or ’25 seasons. With rookies Pete Crow-Armstrong and Michael Busch having emerged as the club’s everyday options at center field and first base, however, Bellinger’s fit in Chicago has become much murkier headed into 2025.

That’s led them to once again explore a trade involving the outfielder, but the market for Bellinger’s services figures to be much softer this time around. Bellinger slashed an incredible .317/.367/.545 (144 wRC+) in 324 plate appearances prior to last year’s trade deadline while playing center field on a regular basis for the Cubs, making him the most attractive rental hitter on the market at that time. Flash forward to today, and Bellinger is coming off a much less robust offensive performance: while his strikeout (15.6%) and walk (7.9%) rates remained excellent in 2024, his power dipped substantially and he didn’t enjoy the same luck on balls in play he did the year prior, leaving him with a .266/.325/.426 slash line that was still above average (109 wRC+) but a far cry from the production that earned him down-ballot MVP consideration in his first year as a Cub.

That production, solid as it may be, is not in line with the $27.5MM salary Bellinger is poised to earn in 2025. What’s more, any acquiring club would be on the hook for a $25MM player option for 2026 (or a $5MM buyout should Bellinger test free agency) that only serves to increase the potential financial burden associated with trading for Bellinger. With that being said, the 29-year-old remains an above average hitter who is capable of playing solid defense at all three outfield spots and first base, making him a solid option for teams looking to raise the floor in their lineup. For teams looking for a solution in center, specifically, Bellinger may well prove to be the best option available in a market that is otherwise led by the light-hitting, glove-first Harrison Bader. Even among first baseman, Bellinger looks to be one of the better options available when compared to a free agent class that features aging veterans like Paul Goldschmidt, Carlos Santana, and Justin Turner among its best options.

Bellinger’s combination of a quality lefty bat that needn’t be part of a platoon and the ability to play both center field and first base make him a compelling trade target for a surprising number of teams. Of course, his hefty salary will immediately eliminate many clubs from consideration. The Twins, Guardians, Royals, Rays, Padres, and Rockies all seem like long shots to stomach an AAV north of $26MM this year. The White Sox and Marlins are in the midst of lengthy rebuilds and seem unlikely to spend that sort of money on a short-term player like Bellinger, as well. It would be a surprise to see the Cubs deal Bellinger to a division rival while attempting to contend for the postseason, which eliminates the Reds, Brewers, Pirates, and Cardinals from consideration.

Additionally, the Rangers are already loaded with talent both in the outfield and at first base, and the Mariners have signaled they don’t intend to add to their outfield this winter. Meanwhile, the Red Sox, Orioles, and Tigers could pursue help in at least one of Bellinger’s positions but appear more likely to pursue right-handed hitters who can better balance their heavily left-handed lineups. The Dodgers and Mets are decent enough surface level fits, but appear more likely to pursue a more offensively impactful corner bat given their internal options in center field. That still leaves ten teams as plausible fits for a Bellinger trade, though. Let’s take a look at each of them…

Best Fits:

• Astros: The Astros currently have bigger fish to fry as they attempt to retain franchise third baseman Alex Bregman. With Houston self-admittedly requiring some “creativity” to add salary, it seems likely that a Bregman reunion could leave the club without the funds necessary to deal for Bellinger. With that said, though, Bellinger’s ability to play all three outfield spots and first base should make him an attractive option for Houston that would allow them to play match-ups with Jon Singleton, Jake Meyers, and Chas McCormick by slotting Bellinger in at the position of whichever player is on the bench that day. What’s more, the Cubs’ need for bullpen help this winter and their hesitance to commit to long-term deals for relievers could make veteran reliever Ryan Pressly an attractive target for them in terms of a return while also clearing $14MM off the Astros’ books to facilitate other additions.
• Blue Jays: The Blue Jays are in the thick of the Juan Soto sweepstakes, and like the other Soto suitors on this list would likely only have interest in Bellinger should they fail to land the offseason’s top free agent. In the event Soto signs elsewhere, however, Toronto may be among the best fits for Bellinger out there. The club has previously expressed interest in Bellinger during both of his recent forays into free agency, and if the Jays fail to land Soto he could make plenty of sense for the club as an upgrade to their current options in left field who wouldn’t require the sort of long-term contract that could complicate the club’s pursuit of a long-term deal with Vladimir Guerrero Jr. Toronto outfielders posted a lackluster wRC+ of just 87 last year, meaning even Bellinger’s diminished 109 figure from this past season would be a substantial upgrade to say nothing of the impact he could have should his power production bounce back in 2025.
• Phillies: The Phillies haven’t been shy about their hopes of restructuring their offense this winter, and rumors have already begun to swirl regarding the availability of key members of their offense ranging from Alec Bohm to Nick Castellanos. One clear area where the Phils could stand to upgrade is in the outfield, where the club currently figures to utilize Castellanos, Johan Rojas, and Brandon Marsh on a regular basis. Philadelphia’s 92 wRC+ in the outfield last year was lackluster, however, and each of those aforementioned options posted a wRC+ lower than that of Bellinger last year. By adding Bellinger to the lineup as an everyday player who splits time between left and center field, the Phillies would be able to effectively platoon Marsh and Rojas while still playing both at their respective best positions, while a free agent corner bat such as Jurickson Profar or Tyler O’Neill would require Marsh to play center field on a regular basis.
• Yankees: The Yankees figure to focus their efforts this winter on reuniting with Soto, but if the club misses out him they’ll have holes to fill both in the outfield and at first base. Signing Bellinger could allow the Yankees to move Aaron Judge back to right field on a regular basis, where he profiles best defensively and where he’ll likely suffer less wear-and-tear throughout the season. While Soto’s departure is surely the most likely avenue to Bellinger in a Yankees uniform, their hole at first base and the possibility that Jasson Dominguez isn’t ready for an everyday job in the majors make the club at least a plausible fit for his services even if they bring Soto back, with Bellinger playing the outfield until Dominguez is ready to take over before shifting to first base. Such a scenario figures to be a long shot, however, given Dominguez’s stature within the organization as a long-time top prospect.

Next Tier Down:

• Angels: The Angels have been among the more aggressive teams so far this winter as they look to contend following a 99-loss season in 2024. They’ve already added Jorge Soler to the lineup as a regular DH and Travis d’Arnaud as depth behind Logan O’Hoppe at catcher, but the club reportedly remains interested in adding another bat to their lineup. Bellinger is as good a fit for the club’s roster as any outfielder. The team is light on lefty bats, with only Nolan Schanuel at first base and the switch-hitting Luis Rengifo at second projected to be in the club’s starting lineup next year. Bellinger would be a substantial upgrade over the Jo Adell/Mickey Moniak platoon the Halos currently project to use in right field, and could slide seamlessly over to center field to either give Mike Trout a break from the demanding position or cover for him in the event he suffers another injury-plagued season in 2025.
• Athletics: While the presence of the A’s on this list might strike some as surprising given how they’ve operated in recent years, there’s at least some merit in considering Bellinger’s fit in West Sacramento. All indications have pointed towards the A’s being open to a substantial increase to their payroll this winter and an earnest effort to improve their on-the-field product in the years leading up to their impending move to Las Vegas, but their current stadium situation could make courting free agents difficult due to the club playing in a minor league ballpark for the time being. That’s led GM David Forst to suggest the club is focused on the trade market rather than free agency as they look to upgrade the roster, and Bellinger could be quite a strong fit among trade candidates. He’s unlikely to be especially expensive in terms of trade capital, meaning that swinging a deal for him wouldn’t do much damage to the club’s long-term competitiveness, and the former MVP could offer a level of star power the club currently lacks. Meanwhile, he’d be a major upgrade on the field for a club that’s relying on Seth Brown and his 91 wRC+ last year in left field headed into 2025.
• Diamondbacks: The Diamondbacks figure to have plenty of room to add a player like Bellinger to their positional mix after losing Christian Walker and Joc Pederson to free agency this winter. While the club’s lineup leans left-handed, the loss of Pederson could make them more open to the addition of another lefty bat than other heavily-lefty clubs like the Red Sox and Orioles. The addition of Bellinger could also make it easier for the club to stomach the loss of one of their many young outfielders via trade, particularly as he shares an ability to play center with trade candidates Jake McCarthy and Alek Thomas. While Bellinger’s salary could be a problem for the Diamondbacks in theory, it’s much easier to imagine them stomaching his contract if they’re able to move the salary of southpaw Jordan Montgomery this winter, as the club is seemingly quite motivated to do after negative comments from club owner Ken Kendrick about the lefty’s disastrous 2024 season.

Longer Shots:

• Braves: It would be something of a surprise to see the Braves swing a trade for Bellinger despite the hole in their lineup in left field. The club has been aggressive in making moves to clear payroll room as they stare down the possibility of losing Max Fried from their rotation, and while it’s easy to imagine them dedicating those resources to a splash at shortstop for a player like Willy Adames, using that financial capital to acquire Bellinger would be a surprise given the availability of more affordable depth options in the outfield such as Austin Hays and Mike Tauchman who could join Jarred Kelenic in the mix for starts in left field without breaking the bank. With that being said, the Braves have shown a willingness to add significant salary on short-term arrangements with players like Marcell Ozuna and Josh Donaldson in the past, and it’s difficult to count out a GM as unpredictable as Alex Anthopoulos for most trade scenarios.
• Giants: The Giants have long been in search of star power for their lineup, and while Bellinger does not carry the same level of impact as he did during his MVP days with their arch-rival Dodgers, he would still add an everyday player with significant name recognition to a relatively non-descript San Francisco lineup. Aside from that surface level fit, however, the Giants lost Michael Conforto to free agency earlier this winter and fellow outfielder Mike Yastrzemski is viewed as a trade candidate. Adding Bellinger, then, could offer the club an alternative to Conforto and Yaz in the outfield to pair with Jung Hoo Lee and the club’s crop of young outfielders. With that being said, a fit with the Giants appears unlikely given the fact that the club is currently expected to scale back its payroll this year, a goal with which adding Bellinger’s hefty salary would be misaligned.
• Nationals: Given the Nationals’ many quality young outfielders, they aren’t necessarily the most straightforward landing spot for Bellinger. With that being said, however, the club has a massive hole at first base that Bellinger could slide into quite easily, providing a boost to a lineup that appears to be on the cusp of contention. Bellinger would also be able to take some pressure off of the club’s crop of young outfielders, offering an alternative to Jacob Young in center against tough right-handers and providing a back-up option in the corners should either James Wood or Dylan Crews struggle at some point in their first wire-to-wire big league campaigns.