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Orioles Sign Tyler O’Neill

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December 10: The Orioles officially announced O’Neill’s signing this afternoon.

December 7: The Orioles are in agreement with outfielder Tyler O’Neill on a three-year, $49.5MM deal according to Jon Heyman of the New York Post. Heyman adds that the Boras Corporation client’s contract comes with an opt-out opportunity following the 2025 season.

O’Neill, 30 in June, entered his walk year having just been shipped from the Cardinals to the Red Sox. While he had earned down-ballot MVP consideration with a fantastic 2021 season in St. Louis, back-to-back down seasons combined with a glut of viable outfield options left O’Neill as the odd man out with the club. He made the most of the situation and carved a regular role for himself in Boston this year, however.

While O’Neill struggled with his health between two trips to the injured list this past year, he performed at a high level when healthy enough to take the field. In 113 games for Boston, he slashed a strong .241/.336/.511 with a 131 wRC+. That production came with an unsightly 33.6% strikeout rate, though O’Neill made up for it somewhat with 31 homers and a 11.2% walk rate.

The outfielder is certainly not without warts. His high strikeout rate is at least somewhat concerning even when factoring in his power and high walk rate, and he also posted a massive platoon split last year. While he put up an incredible 215 wRC+ against left-handed pitching last year, same-handed pitchers held him to below average offense (91 wRC+) overall as he hit just .208/.290/.403 against them. O’Neill’s lengthy injury history is also something of a red flag that could hamper his value in the coming years. Even with those concerns, however, it’s easy to see O’Neill’s fit in Baltimore. The Orioles have a deep position player mix that can help to cover for O’Neill when he’s injured and perhaps even give him occasional days off against tough right-handed opponents.

Meanwhile, O’Neill’s phenomenal numbers against left-handed pitching could provide a massive boost to a heavily left-handed Orioles lineup. Orioles outfielders hit a decent .236/.302/.419 (106 wRC+) against left-handed pitching last year, but much of that production came from Anthony Santander’s 132 wRC+ against southpaws. Santander is now a free agent, leaving the club with the lefty-swinging Colton Cowser, Cedric Mullins, Heston Kjerstad, and perhaps Ryan O’Hearn in their projected outfield mix. All four of those players are left-handed hitters, and Cowser’s 89 wRC+ against lefties last year was the highest mark among the quartet. By adding O’Neill to the mix, the Orioles should be able to help balance an outfield that projected to be well below average against southpaws in 2025.

Notably, they’ve also done so at a far more affordable price tag than they likely would’ve if they simply re-signed Santander. While MLBTR’s #9 free agent on our annual Top 50 MLB Free Agents list was predicted for a four-year, $80MM pact in free agency after slugging 44 homers for the Orioles this year, O’Neill ranked farther down the board at #19 with a projected deal of three years and $42MM. It’s a deal O’Neill managed to beat by a small amount in terms of total guarantee, and he managed to add additional value to his contract by affording himself the opportunity to opt out of the final two years of the deal next winter. If O’Neill manages to stay healthy and replicate his strong production from his time in Boston in 2025, it’s not hard to imagine him re-entering free agency in line for a much more lucrative deal next winter.

In the meantime, O’Neill will provide a veteran presence in a young and exciting Orioles lineup. Baltimore is known to be in the market for a catcher to back up Adley Rutschman at the position and push waiver wire addition Rene Pinto into a depth role, but O’Neill’s signing likely represents the heavy lifting in terms of the club’s offensive upgrades this winter. That doesn’t mean they’re done for the winter, however; the club has long been connected to the market for starting pitching as they look to either reunite with or replace ace hurler Corbin Burnes at the top of their rotation. Aside from that, the club figures to make bullpen additions who can help to replace hurlers Danny Coulombe and Jacob Webb, though the return of closer Felix Bautista from Tommy John surgery in the spring should provide a big boost to the relief corps already.

The club figures to still have resources available to make those additions even after adding O’Neill. RosterResource projects the Orioles for a $114MM payroll in 2025 with O’Neill in the fold. That would not only be a step above last year’s payroll but also the highest payroll the club has put forward since the 2018 season. Of course, the club’s new ownership group led by David Rubenstein has seemed far more open to spending in free agency that the Angelos family was in the final years of their ownership tenure, and the club has been candid about their increased payroll flexibility this winter. The club is likely further emboldened by just how clean their long-term books are: O’Neill’s contract is their first guaranteed money on the books for the 2026 season, with all other payroll commitments coming in the form of arbitration level or pre-arbitration level players.

Orioles Sign Gary Sanchez

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December 10: The Orioles officially announced Sanchez’s signing this afternoon.

December 7: The Orioles have agreed to a one-year deal with catcher Gary Sanchez, according to a report from Jon Heyman of The New York Post, who adds that the deal guarantees Sanchez $8.5MM. Sanchez is represented by MDR Sports Management.

Sanchez, who celebrated his 32nd birthday earlier this week, returns to the AL East after spending the first seven seasons of his MLB career with the Yankees. The first few years of his career saw him establish himself as one of the better offensive catchers in baseball with a .246/.328/.518 slash line in 327 games through the end of the 2019 season. In that time, he made two All-Star games and clobbered 105 home runs in 1576 plate appearances. That 30-to-35 homer power helped to make up for Sanchez’s middling defense behind the plate, but things took a turn for the worse when he started to struggle on offense. After striking out at a 24.1% clip through the end of the 2019 season, his 2020-22 seasons saw that rate tick up to 29.5%. Meanwhile, Sanchez’s home run power began to suffer as he hit just 49 homers in 294 games. This period even saw his defense drop from roughly average to nearly unplayable, including a -12 figure in Statcast’s catcher defense metric during the 2021 season.

These struggles led the Yankees to trade Sanchez to the Twins prior to the 2022 season, where he continued to struggle at the plate but managed to bounce back a bit on defense. Sanchez then entered free agency but did not find a deal before the 2022 season began. He eventually signed with the Mets during the season but lasted just three games on the club’s roster before spending the rest of the season in a Padres uniform. With San Diego, Sanchez managed to bounce back and flash some of the power he had shown during his Yankees days, slashing .218/.292/.500 with 19 homers in just 260 plate appearances and a 114 wRC+. That earned Sanchez a guranteed deal in Milwaukee this past season, where he served as a back up for William Contreras at catcher and occasionally found his way into the first base/DH mix as well.

Since leaving the Bronx, Sanchez has generally had the look of a solid if unspectacular catching option. In that time, he’s slashed .212/.291/.412 with a 96 wRC+ that’s more or less in line with his production for the Brewers last year, and he’s done so while providing the roughly average defense he offered early in is career. That’s enough to make him a quality back up catching option for virtually any team, and he’ll take over the role vacated by James McCann when he elected free agency last month as Adley Rutschman’s partner in the Orioles catching tandem. In addition to sharing catching duties, Sanchez can also serve a secondary role of helping improve the club’s offense against left-handed pitching by providing a righty-swinging alternative to Ryan O’Hearn at DH on days where he isn’t filling in for Rutschman behind the plate. That makes Sanchez the second player the club has added today who could provide a boost to their offense against southpaws, joining Tyler O’Neill who agreed to a three-year deal with the Orioles earlier today.

While the Orioles had internal options to serve as their secondary catcher behind Rutschman such as Rene Pinto and Blake Hunt, the club made clear in recent weeks that they hoped to add a more established player to that mix. That included a reported interest in reunion with James McCann, but reports seemed to indicate that McCann could look to find a multi-year deal in free agency while the Orioles were hoping to find a one-year arrangement given the presence of top catching prospect Samuel Basallo in their minor league system. To find a quality player willing to accept a one-year deal and a back-up job that won’t guarantee regular playing time, it seems as though Baltimore may have had to go over the top to land Sanchez; his one-year, $8.5MM guarantee matches the guarantee Danny Jansen landed from the Rays yesterday to serve as their regular starter behind the plate and far exceeds the $3MM guarantee he received from the Brewers last year.

That willingness to stretch financially in order to land the right fit for their roster is a luxury GM Mike Elias and his front office haven’t had in previous winters, when the Angelos family owned the team. New owner David Rubenstein has given the club the ability to expand payroll significantly, however, and the Orioles now project to open the 2025 season with a $122MM payroll according to RosterResource. It seems reasonable to expect that the club’s payroll could continue to climb from here as well, with Baltimore seemingly poised to turn their attention to the starting pitching market where they’ve been connected to Jack Flaherty and Nathan Eovaldi if they aren’t able to retain ace Corbin Burnes. As for the catching market, Sanchez joins Austin Hedges, Jacob Stallings, Kyle Higashioka, and Jansen in having already come off the board in what’s been the fastest-moving part of the positional market this winter. A few quality options remain available, however, including Carson Kelly and Elias Diaz.

Rockies To Sign Thairo Estrada

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The Rockies have agreed to a one-year, $3.25MM contract with Thairo Estrada, reports Mark Feinsand of MLB.com. The deal comes with a mutual option for 2026 or a $750K buyout. However, if either side declines the mutual option, the Rockies will still have the opportunity to retain Estrada via arbitration for one more year due to his Super Two status.

Estrada, 29 in February, began his career with the Yankees but broke out after a trade to the Giants in 2021. He carved out a role for himself in San Francisco with a league-average bat, above-average speed, valuable defensive versatility, and a plus glove at second base. Over 312 games from 2021-23, he slashed .266/.320/.416 with a 105 wRC+, 45 stolen bases, and 7.4 FanGraphs WAR.

Unfortunately, the 2024 season was rough for Estrada. He spent two separate stints on the injured list with a sprained wrist, and while he only missed a handful of weeks, Alex Pavlovic of NBC Sports Bay Area notes that he was playing through injury throughout the season. It certainly showed in his numbers. Estrada still came up with 9 Outs Above Average at second base, but his offensive production was dreadful. Over 96 games, he slashed .217/.247/.343 with a 64 wRC+. Eventually, the Giants were no longer willing to keep him on the roster, sending him outright to Triple-A at the end of August. He elected free agency after the season.

Thomas Harding of MLB.com linked Estrada to Colorado last week, noting that the club was looking for a new second baseman. The Rockies are set with Ezequiel Tovar at shortstop and Ryan McMahon at third base, but they had a gap on the right side of the infield after non-tendering Brendan Rodgers earlier in the offseason. While they signed Kyle Farmer to a one-year, $3.25MM guarantee in November, Farmer is older and lacks Estrada’s upside. He’s better suited to a utility role, which is the role he’s played for most of his career.

Estrada also drew interest from the Yankees this offseason. Yet, in Colorado, he will get everyday playing time as he looks to rebuild his value. Eventually, he could have competition from top infield prospect Adael Amador, but Amador won’t turn 22 until April, and his aggressive call-up in 2024 proved he wasn’t ready for the majors. Indeed, he has yet to play a single game at Triple-A. If Amador continues to progress and Estrada bounces back, Estrada could become a valuable trade chip for the Rockies next winter.

Hanwha Eagles Sign Estevan Florial

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Outfielder Estevan Florial has agreed to a contract with the KBO’s Hanwha Eagles, reports Jon Heyman of the New York Post. He had been outrighted by the Guardians earlier this summer and elected free agency at the end of the season.

Florial signed with the Yankees as an international free agent in 2015. He quickly began turning heads in the organization with his strong performance in the low minors. Entering the 2019 season, MLB Pipeline, Baseball America, and FanGraphs all ranked him as the number one prospect in the system. He was as toolsy as they come, with plus speed, big raw power, and a powerful throwing arm in center field.

Unfortunately, Florial never found a way to tap into all his potential at the highest level. Over parts of four seasons with the Yankees from 2020-23, he appeared in just 48 games, slashing .209/.313/.296 with a 75 wRC+. The Yankees traded him to the Guardians after the 2023 season, and he earned more playing time in Cleveland, appearing in 36 games for the Guardians in April and May. However, his results were just as poor. Over 111 trips to the plate, he put up a .173/.264/.367 batting line, good for an 80 wRC+. Cleveland designated him for assignment at the end of May, and he spent the rest of the season with the Triple-A Columbus Clippers.

Although Florial didn’t look any better with the Clippers than he did with the Guardians (.213 AVG, 83 wRC+), he has had success at Triple-A in the recent past. From 2022-23, he put up an impressive .283/.374/.523 slash-line over 202 games for the Scranton/Wilkes-Barre RailRiders. In that time, he hit 43 home runs, stole 64 bases, and produced a 127 wRC+. It’s that level of performance the Eagles are surely hoping he’ll replicate in his first season in the KBO.

Yankees, Cubs Interested In Kyle Tucker

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Astros general manager Dana Brown left the door open yesterday to trading either outfielder Kyle Tucker or left-hander Framber Valdez this winter. Today, Ari Alexander of KPRC 2 (X link) reports that the Yankees and Cubs are two clubs interested in Tucker.

The news isn’t especially surprising. Tucker is one of the best players in the league and it would actually be more of a shock if any club weren’t interested in him. He is entering his final year of club control, which should eliminate teams fully in rebuild mode, but he should have broad interest apart from that. MLBTR contributor Matt Swartz projected Tucker for a $15.8MM salary next year, a notable sum but still affordable for any team and a bargain for a player of Tucker’s talent level.

From 2021 to 2023, Tucker’s production was fairly consistent and also trending upward. He hit 30 home runs in the first two of those seasons and then 29 in the third. His walk and strikeout rates each made slight improvements in that stretch. He drew free passes at a 9.3% clip in 2021, then 9.7% and 11.9% in the next two seasons, while his strikeout rate went from 15.9% to 15.6% and then 13.9%. His stolen base total went from 14 to 25 to 30.

In 2024, he missed significant time after fouling a ball off his leg and fracturing his shin. That injury limited his counting stats but he continued to improve on a rate basis. Though his strikeout rate ticked back up to 15.9%, he drew walks in 16.5% of his plate appearances. Despite only getting into 78 games, he launched another 23 home runs. His wRC+ was between 130 and 146 over his previous three seasons but jumped to 180 in 2024.

He’s also been graded as a strong defender and, as mentioned, can steal a few bases. FanGraphs graded him as worth either 4.9 or 5.0 wins above replacement in three seasons from 2021 to 2023, and Tucker was worth 4.2 fWAR in 2024 even though he played less than half a season. That’s 19.1 fWAR over the past four years, placing him in 13th among all position players for that span. Thanks to his shin injury, all 12 guys ahead of him on that list played in more games.

There are some rough parallels here with the Juan Soto situation from a year ago. The Padres were willing to make Soto’s final year of club control available on the trade market in order to walk a tightrope. They wanted to continue competing but had a tight budget and had several players that were difficult to trade due to contractual reasons. Moving Soto freed up a huge amount of payroll space and also brought back immediate help in other areas, as the Friars were able to get a package of players that included Michael King and Drew Thorpe, later flipping Thorpe to get Dylan Cease.

The Astros are in a somewhat similar spot now. Brown previously said that the club might have to get creative with money this offseason, even though they still want to win next year. Players like Jose Altuve and Yordan Alvarez have big contracts but are franchise cornerstones. Josh Hader and Ryan Pressly each have the right to veto any trades. Lance McCullers Jr. can’t be easily moved due to his health status.

They don’t really have to consider a trade but it seems they will pick up the phone and see if any club blows them away with a Soto-like package. Tucker’s track record isn’t quite as good as Soto’s but Soto was projected for a $33MM salary going into 2024, more than double what Tucker is slated to earn next year.

It’s theoretically possible that they can get a package of young talent they like while simultaneously freeing up some payroll space to re-sign Alex Bregman, since Brown and owner Jim Crane have both marked that as the club’s top priority. That would leave the Houston outfield consisting of Alvarez, Chas McCormick, Jake Meyers, Taylor Trammell and Mauricio Dubón, though it’s possible they get some cheaper outfield help back in the trade.

The Yankees, of course, wanted to re-sign Soto as a free agent but he is now going to become a Met. That leaves the Yanks with a big hole in their outfield and they have to pivot to other possibilities. The free agent market features guys like Anthony Santander and Teoscar Hernández while the Yankees have been connected to trade candidate Cody Bellinger. Tucker would be a more attractive option than any of those three in a vacuum but a deal coming together would naturally depend on what it would take for the Astros to let him go.

The Yankees still have Aaron Judge as their outfield anchor and might move him back to right field for the post-Soto era, with Jasson Domínguez and Trent Grisham options for center. Tucker is strong in right field, so perhaps the Yanks would consider moving him to left. Due to the short porch in right, there’s more grass to cover in left field, making defense over there more of a concern.

There shouldn’t be any financial issue, as the Yankees just reportedly make Soto an offer of $760MM over 16 years, an average annual value of $47.5MM. They will now be looking to spread that kind of money around to other players and Tucker is only projected to get about a third of that.

For the Cubs, they already have a crowded outfield picture but clearly have interest in shaking it up a bit. Bellinger has been in many rumors this winter and Seiya Suzuki’s name has come up as well. Trading either is complicated, in Bellinger’s case due to his upcoming out-out while Suzuki has a full no-trade clause. Those two project to be in an outfield group that also includes Ian Happ, Pete Crow-Armstrong, as well as youngsters like Alexander Canario, Kevin Alcántara and Owen Caissie. Happ also has a no-trade clause while the Cubs probably want to hang onto the younger guys. Each of Happ, Bellinger and Suzuki are slated for free agency after 2026, with Bellinger perhaps departing a year earlier than that.

As mentioned, just about every contender should be calling the Astros to get a sense of the asking price. There are no guarantees that he can be obtained but even the possibility that he’s available makes him one of the most interesting names to watch in the coming weeks.

Rakuten Eagles Sign Spencer Howard, Miguel Yajure

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The Rakuten Eagles of Nippon Professional Baseball have signed right-handed pitchers Spencer Howard and Miguel Yajure, the team announced. Both pitchers will presumably join the Eagles starting rotation. The 2025 season will be Howard’s first in NPB and Yajure’s second.

Howard, 28, was once a promising prospect in the Phillies organization but struggled to translate his minor league skills to the major league level. Over parts of five seasons with the Phillies, Rangers, Giants, and Guardians, he put up a 7.00 ERA in 144 innings of work. His underlying numbers, including a 4.77 SIERA, are better than his unsightly ERA, but no matter what statistics you look at, it’s clear Howard could not reliably retire MLB hitters. He has also struggled in the minors in recent years, putting up a 7.07 ERA and 6.20 FIP in 70 innings at Triple-A from 2022-24. Thus, the righty will look for a fresh start with the Eagles in 2025.

Yajure, 27 in May, made his MLB debut for the Yankees during the 2020 season. Over the next three years, he pitched 46 1/3 innings for the Yankees and Pirates, putting up a 7.58 ERA – even higher than Howard’s. His 5.37 SIERA was similarly poor, as was his low strikeout rate and high walk rate. If you include hit-by-pitches, he issued nearly as many free passes (32) as strikeouts (35). So, he set out in hopes of finding greener pastures across the pond last winter. Indeed, that’s exactly what he found. Yajure signed a one-year contract with the Yakult Swallows ahead of the 2024 season. With the Swallows, he pitched to a 3.34 ERA over 129 1/3 innings. A mid-3.00s ERA in NPB isn’t quite as impressive as it would be in MLB, but Yajure was a solid contributor for the Swallows, finishing second on the team in innings pitched. It was enough to convince the Eagles to give him a contract for 2025. He’ll look to build upon a solid first season in his sophomore NPB campaign.

Rangers Interested In Max Fried, A.J. Minter, Jonathan Loáisiga

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As the Rangers look to replace the many arms they lost to free agency this winter, three more targets have emerged: left-handed starter Max Fried, left-handed reliever A.J. Minter, and right-handed reliever Jonathan Loáisiga.

The news that Texas is interested in Fried comes from The Athletic’s Ken Rosenthal and Will Sammon. They confirm that re-signing Nathan Eovaldi remains the team’s primary goal but suggest the Rangers are considering Fried as one potential alternative. However, their interest seems to be casual, at least for now. After Corbin Burnes, Fried is arguably the top starting pitcher available in free agency. That means he’s going to command significantly more money than Eovaldi. Entering the offseason, the MLBTR staff predicted Fried would sign a six-year, $156MM deal; Eovaldi’s predicted contract was a two-year, $44MM pact. Thus, as the Rangers look to duck under the luxury tax threshold and continue to deal with TV revenue uncertainty, financial constraints could prevent them from signing any star free agents. In other words, it seems like the Rangers are keeping tabs on Fried, but a deal remains unlikely.

The bullpen is perhaps a bigger area of concern for Texas. The only four pitchers who threw more than 50 innings out of the Rangers bullpen in 2024 are all free agents: Kirby Yates, David Robertson, José Leclerc, and José Ureña. What’s more Josh Sborz is going to miss significant time again after undergoing shoulder surgery. President of baseball operations Chris Young has already made a couple of small additions, claiming Roansy Contreras off of waivers from the Angels and signing Luis Curvelo to a major league deal, but neither is the type of proven, high-leverage arm the Rangers desperately need. Ideally, the Rangers would be in the market for a bona fide closer like Tanner Scott or an All-Star talent like Jeff Hoffman. However, a lack of payroll flexibility could explain why they’re targeting a pair of bounce-back candidates instead.

Over the past five seasons, Minter has pitched to a 2.85 ERA and 3.04 SIERA in 243 innings of work for the Braves. While he only has 36 career saves, the southpaw has experience pitching late in games. He also has several years of playoff experience. In 25 postseason frames, he has a 2.88 ERA and 2.63 SIERA. The reason for hesitation when it comes to Minter, is that he spent two long stints on the injured list nursing a hip injury this past season. He ultimately needed surgery, and it’s not yet clear how soon he’ll be able to return. That said, a hip injury is far less worrisome than an arm-related issue, and Minter was highly durable from 2020-23. Only three relievers made more appearances in that time. Thus, Jon Morosi of MLB Network reports that Minter is among the “most popular” left-handed relievers on the free agent market, linking him to the Braves, Cubs, and Rangers. He was also linked to the Blue Jays earlier this offseason.

Loáisiga has not been nearly as durable as Minter throughout his career, but the upside is appealing. He was one of the top relievers in the game in 2021, putting up a 2.17 ERA and 3.01 SIERA in 70 2/3 innings for the Yankees. Unfortunately, various arm injuries have gotten in his way ever since. He dealt with shoulder inflammation in 2022, bone spurs in his elbow in 2023, and, most recently, he underwent an internal brace procedure in April 2024. The rehab timeline for an internal brace procedure is typically 10-12 months, which means Loáisiga could be back to full strength in time for Opening Day. That being the case, it’s not hard to see why he has so many suitors, including the Yankees, Mets, Blue Jays, and now, according to Jorge Castillo of ESPN, the Padres and Rangers. While it’s been a long time since Loáisiga was a reliable big league reliever, it’s easy to dream about the upside of his 98 mph sinker and lethal curveball. So, it comes as little surprise that he is expected to sign a major league deal this winter (per Castillo).

Red Sox Interested In Walker Buehler

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The Red Sox are known to be looking for starting pitching, with chief baseball officer Craig Breslow having said that he wants to “raise the ceiling” in the rotation. They have been connected to marquee free agents like Corbin Burnes and Max Fried as well as notable trade candidates like Garrett Crochet, Bryce Miller and Bryan Woo. Peter Abraham of The Boston Globe reports that Walker Buehler is another free agent they have interest in.

Whether Buehler would count as raising the ceiling would be a matter of debate at this point, as it’s been a few years since he was at his best over a meaningful stretch of time. From 2018 to 2021, he tossed 564 innings for the Dodgers, allowing 2.82 earned runs per nine. He combined a 27.7% strikeout rate with a 6.1% walk rate and 44.7% ground ball rate. He also posted good results in 15 postseason starts for the Dodgers in that time.

But in 2022, he had an ERA of 4.02 before requiring Tommy John surgery, the second of his career. He missed the entire 2023 campaign and didn’t immediately bounce back this year. He only made 16 starts in 2024 and had rough results, most prominently a 5.38 ERA. His 18.6% strikeout rate was below league average and also far from his previous form.

He did finish things on a positive note, in a very small sample but on a very big stage. After getting lit up by the Padres in the NLDS, he went on to throw ten shutout innings over his final three appearances of the Dodgers’ World Series run. That included four shutty against the Mets in the NLCS, a five-inning start against the Yankees in the third game of the World Series, followed by the final three outs in game five.

Going into 2025, Buehler is an interesting risk/reward play. His previous upside is tantalizing but he’s been hurt or middling for the past few years. He did have that strong finish in the playoffs but most modern front offices won’t be swayed by such a small sample, even it was under the brightest lights in baseball.

That uncertainty means that Buehler could likely be had for a relatively low price, which could either turn into a bargain or a waste. The Dodgers declined to issue Buehler a $21.05MM qualifying offer at season’s end, evidently not valuing him worth that price point. At the start of the winter, MLBTR predicted Buehler for a one-year deal with a $15MM, though the market for pitching has been stronger than expected, with mid-rotation or back-end guys like Luis Severino, Yusei Kikuchi, Frankie Montas, Matthew Boyd and Clay Holmes outearning their projections so far.

Despite the recent results, Buehler has proven to be quite popular this winter, having already drawn the interest of Atlanta, the A’s, Yankees, Mets, Cubs, Tigers and now Red Sox. For Boston, they tried a buy-low move last year which hasn’t worked out so far. After a few rough years, they gave Lucas Giolito a fairly modest $38.5MM guarantee on a two-year deal but elbow surgery wiped out his 2024 season.

The injury is not really the fault of the Boston front office but Giolito was a risky choice even before that and it was generally expected they would target more surefire rotation upgrades this time around. The club’s decision makers have talked about being aggressive this winter and putting together a club capable of winning the division, even if that means paying the competitive balance tax.

RosterResource pegs the club’s CBT number at $181MM right now, about $60MM shy of the $241MM base threshold. That means they have plenty of room to go after top free agents like Burnes and Fried, but they are also at least considering a more modest strike for someone like Buehler, or perhaps a combination of the two.

The rotation currently projects to include Tanner Houck, Kutter Crawford and Brayan Bello, with openings at the back. Giolito will be expected back at some point, though likely not at the start of the season. Guys like Richard Fitts, Cooper Criswell and Quinn Priester are on the roster but fairly unestablished and still optionable. Alongside Buehler, the Sox could consider other mid-rotation or back-end free agents such as Sean Manaea, Nathan Eovaldi, Jeff Hoffman, Nick Pivetta, Andrew Heaney, Jose Quintana, Max Scherzer, Justin Verlander and others.

Shinnosuke Ogasawara Officially Posted For MLB Clubs

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Left-hander Shinnosuke Ogasawara has been officially posted by the Chunichi Dragons of Japan’s Nippon Professional Baseball, per reporter Francys Romero (X link). That opens up a 45-day window for his representatives at William Morris Endeavor to negotiate with major league clubs. If no deal is reached in that time, the southpaw will return to the Dragons for 2025.

It was reported back in October that the Dragons would make Ogasawara available via the posting system and that has now been rubber-stamped. The 30 MLB clubs can now officially speak to his representatives and see what sort of contract will be necessary to get him to put pen to paper.

While Ogasawara should generate interest, he’s clearly not exciting as Roki Sasaki, who has also been posted for clubs this offseason. However, Ogasawara likely has more earning power than Sasaki due to the binary nature of MLB international signing rules.

Players need to be 25 years old and have six seasons of experience in a foreign professional league in order to be considered “professionals” and have the right to freely negotiate a contract of any size and length. Players who don’t meet those criteria are considered “amateurs” and are therefore subject to the international bonus pool system, where each club gets $5-8MM annually to spend on such players. Sasaki is only 23 years old and will therefore be limited to a minor league deal with a signing bonus of a few million bucks. Ogasawara, on the other hand, is 27 years old and has appeared in parts of 9 NPB seasons. That means he has the freedom to fully assess his earning power and market himself to the highest bidder.

How much interest North American clubs will have in him is unknown. Ogasawara has had some success, but not as much as some other pitchers that have recently come over like Yoshinobu Yamamoto or Shota Imanaga. He has thrown 951 1/3 innings over his NPB career,  though striking out just 18.9% of batters faced. For context, MLB average is usually in the 22-23% range these days. He did get his strikeout rate up to 24% in 2022 but it dropped to 20.1% last year and then all the way to 13.6% in 2024.

The lack of punchouts hasn’t stopped him from succeeding in Japan, as he has a 3.62 earned run average over his career and had a 3.12 ERA in the season that just finished, though MLB clubs might wonder if the same pitch-to-contact approach could carry over to North American ball.

Ogasawara is also on the smaller side for a starting pitcher, listed at 5’11” and 183 pounds. That’s actually slightly larger than the 5’10” and 175 pounds listed for Imanaga, so it’s not a total disqualification, but Imanaga managed to strike out 25% of batters faced in his NPB career.

Though even if Ogasawara is a notch below Imanaga, he could still generate interest. Youth is clearly an attractive quality which is why guys like Yamamoto, Jung Hoo Lee and Juan Soto have been paid so well, so the fact that Ogasawara just turned 27 in October will work in his favor. The recent downturn in strikeouts is a bit concerning but he also lowered his walk rate to a tiny 3.7% rate in 2024 and the ERA was still good.

It’s difficult to forecast a contract for a player coming from another league like Ogasawara but MLBTR predicted after the start of the offseason that he could land a two-year, $12MM deal. Perhaps he could benefit from the fact that the market for mid-rotation starters has been quite strong so far this winter. Each of Luis Severino, Yusei Kikuchi, Frankie Montas, Matthew Boyd and Clay Holmes have earned larger guaranteed than projected in recent weeks, which could perhaps trickle down to Ogasawara.

The lefty and his team will have more than a month to feel out the market and gauge interest. For clubs still looking to add in the rotation but who don’t want to pay for top names like Corbin Burnes, Max Fried or Jack Flaherty, Ogasawara will be part of a mid-rotation or back-end group that still includes Sean Manaea, Nathan Eovaldi, Jeff Hoffman, Nick Pivetta, Andrew Heaney, Jose Quintana, Max Scherzer, Justin Verlander and others.

Dodgers Sign Michael Conforto

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December 10: The Dodgers officially announced Conforto’s signing today.

December 8: The Dodgers signed a left-handed hitting outfielder represented by Scott Boras tonight.  No, not that one.  Shortly before the Mets signed Juan Soto to a seismic contract, the Dodgers agreed to a deal with Michael Conforto, per a report from MLB.com’s Mark Feinsand. Conforto’s deal with L.A. is a one-year pact worth $17MM, according to ESPN’s Alden Gonzalez. Mike DiGiovanna of the L.A. Times reports the deal includes deferred money and an $8.5MM signing bonus.

Conforto, 32 in March, was selected by the Mets tenth overall in the 2014 draft and emerged as an impact bat for the club early in his career. In his first six seasons as a big leaguer, Conforto slashed an incredible .259/.358/.484 with a wRC+ of 128. Conforto made an All-Star appearance, slugged 118 homers in 632 games, and established himself as one of the best young offensive players in the NL.

Unfortunately, however, Conforto was dogged by shoulder issues early in his career that came to a head following a down 2021 season (104 wRC+). Conforto declined the Qualifying Offer and entered free agency in line for a solid payday, but required surgery during the 2021-22 lockout and ultimately did not sign a contract for the 2022 season while he recuperated.

Despite missing the entire 2022 season, Conforto inked a strong two-year, $36MM deal with the Giants, one of eight contracts by former GM Farhan Zaidi that included an opt-out.  After posting a league average 99 wRC+ in his first year with the Giants, Conforto chose not to opt out of the $18MM he was owed for 2024.

Conforto improved to a 112 wRC+ in 2024, including a 137 surge over the season’s final two months.  He showed a reverse platoon split, beating up on lefties more so than righties.  He also managed a 133 wRC+ away from Oracle Park, a place known to suppress offense.

Over the two years Conforto has been a Giant, Oracle Park has been the second-worst park in baseball for offense, ahead of only T-Mobile Park in Seattle. Dodger Stadium, meanwhile, is right around league average as the 17th best park in the majors for offense.

While the Dodgers are surely hoping that Conforto unlocks something closer to the form he showed throughout his 20s in New York with them this year, even the 105 wRC+ he’s offered over the past three seasons would help to bolster the club’s lackluster outfield mix. Dodgers outfielders combined for a wRC+ of just 101 last year, a figure that is drastically improved by contributions from Teoscar Hernandez and Mookie Betts. Hernandez is currently a free agent, however, and while Ken Rosenthal of The Athletic reports that the Dodgers remain in on him even after signing Conforto, there’s no guarantee that he’ll be in a Dodgers uniform in 2025. With Betts ticketed for an infield role next season, that left the Dodgers with a projected outfield of Tommy Edman, James Outman, and Andy Pages for next season. Pages’s 100 wRC+ led that trio in 2024, and even a relatively mediocre season for Conforto would be a massive upgrade over Outman’s ghastly 54 wRC+ in 53 games last year.

With the addition of Conforto, RosterResource projects the Dodgers for a $326MM payroll in 2025 that perfectly matches their 2024 payroll, though that projection does not factor in deferred money. Regardless, that’s not expected to prevent president of baseball operations Andrew Friedman and his front office from spending this winter. Every indication has been that the Dodgers are willing and able to increase their payroll well beyond last year’s figure in order to land the right players, which is surely a relief for fans given the number of holes that remain on the roster. The Dodgers could use additional bullpen help even after reuniting with Blake Treinen earlier this evening, would benefit from either re-signing Hernandez or adding another bat to their lineup, and at minimum they appear likely to reunite with Clayton Kershaw to bolster their rotation even after landing Blake Snell last month.

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