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Cubs, Carson Kelly Nearing A Deal

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The Cubs are reportedly progressing toward a contract with free agent catcher Carson Kelly, according to both Robert Murray of FanSided and Jon Heyman of the New York Post. ESPN’s Jesse Rogers confirmed their reports, describing an agreement between the two sides as “close.” The Cubs have an open spot on their 40-man roster, so no corresponding move will be necessary before they finalize the deal.

Kelly, 30, is coming off a bounceback season with the Tigers and Rangers. Once a promising young catcher for the Diamondbacks, he fell out of favor in the organization with his poor performance at the plate in 2022 and ’23. They released him in August 2023 with close to $1MM remaining on his contract. The Tigers quickly scooped him up, and after the season, they picked up his $3.5MM option for 2024.

That proved to be the right decision. Kelly turned in a strong season at the plate and in the field, allowing the Tigers to flip him to the Rangers ahead of the trade deadline. While he didn’t play quite as well in Texas as he had in Detroit, he finished the season with a perfectly respectable batting line (.238/.313/.374, 99 wRC+) and strong defensive metrics. All told, he produced 1.8 FanGraphs WAR in just 91 games and 313 trips to the plate. For the sake of comparison, Cubs catchers combined for -0.1 fWAR this past season.

Chicago has struggled behind the dish since letting Willson Contreras walk after the 2022 campaign. In 2024, Cubs catchers ranked third-last in the NL in Fielding Run Value (per Baseball Savant) and second-last in OPS and wRC+. According to FanGraphs WAR, no NL club received less production from the catcher position. Needless to say, the front office is aware of these shortcomings. President of baseball operations Jed Hoyer failed in his efforts to add a backstop at the trade deadline, but The Athletic’s Sahadev Sharma reported after the deadline that Hoyer would continue to pursue catching during the offseason.

Ideally, that would mean a starting-caliber catcher to usurp the incumbent Miguel Amaya. Sharma noted back in August that the Cubs see Amaya as a backup in the long run. Funnily enough, Amaya happened to hit quite well from the day that report came out to the end of the season (.770 OPS, 114 wRC+ in 34 games), but his career numbers speak much louder than that small sample size performance. He has a .657 OPS and 87 wRC+ in 170 career games. His defense has been passable, but not enough to make up for a well-below-average bat. All that to say, the Cubs needed an upgrade.

However, the market for free agent catchers moved quickly this offseason, to the point where Chicago’s options started to look slim. Kelly is one of the few catchers still available who should be an upgrade over Amaya. Indeed, Kelly might be the only everyday catcher left on the market, depending on how you feel about Yasmani Grandal and Elias Díaz (and how much you’re willing to stretch the definition of an “everyday” catcher). Kyle Higashioka, Travis d’Arnaud, Danny Jansen, and Gary Sánchez are already off the board.

Matt Thaiss, who the Cubs acquired from the Angels earlier this offseason, is nothing more than another potential backup. With Kelly taking the majority of the reps behind the dish, Thaiss and Amaya will presumably compete for a bench role in 2025. Both are out of minor league options, so one will likely be traded or DFA’d at some point before Opening Day. Amaya has been the more productive player over the last two seasons, providing a similar level of offense and significantly better defense. However, Thaiss could have a leg up as a left-handed batter; Kelly bats right-handed, so the Cubs might like a lefty-batting backup. What’s more, the Cubs might prefer to DFA Amaya, who doesn’t have the necessary MLB service time to reject an outright assignment should he pass through waivers.

Cody Bellinger Generating Trade Interest, Seiya Suzuki Trade Less Likely

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Cody Bellinger is quickly becoming one of the most talked-about trade candidates of the offseason. Earlier this month, Joel Sherman of The New York Post reported that the Cubs were “determined” to trade one of Bellinger or Seiya Suzuki. Sahadev Sharma of The Athletic added further detail to that story today, noting that the team would prefer to part with Bellinger. Dealing Suzuki doesn’t seem like anything more than a backup plan in case no Bellinger trade comes together. 

Sharma goes on to mention that there “seems to be real interest” in Bellinger on the trade market, thus pouring cold water on the possibility of a Suzuki deal (at least for now). Indeed, Bellinger has already been linked to the Diamondbacks, Mariners, Yankees, and Astros this winter, and Sharma suggests that the market for Bellinger could heat up now that Juan Soto has signed with the Mets. It seems the Cubs have been shopping Bellinger as a second choice for teams that missed out on the lefty-batting superstar. Bellinger is no Soto, but he can provide above-average offense from the same side of the plate and a much better glove in the outfield. He may not be a perennial MVP contender, but he does have superstar upside, even if his 2019 MVP season is getting smaller and smaller in the rearview mirror.

As for Suzuki, it’s not hard to understand why the Cubs would prefer to hold onto the righty bat. He is set to make $19MM in each of the next two seasons, while Bellinger will make $27.5MM in 2025 and has a player option for $25MM in 2026. Trading Bellinger would free up more payroll space for the coming season and would free the Cubs of his player option; as the name suggests, player options are inherently player-friendly. Furthermore, Suzuki is coming off a stronger season than Bellinger. While Bellinger is a better defender and baserunner, Suzuki is a more reliable middle-of-the-order bat. Bellinger’s offense has been much less stable in recent years. Thus, Suzuki looks like a bargain at $19MM per year, while Bellinger presumably would have opted out of his contract this winter if he thought he could do better on the open market.

For all of those same reasons, Suzuki’s trade market would probably be more robust than Bellinger’s. However, it doesn’t seem as if the Cubs are necessarily trying to maximize their return. Rather, president of baseball operations Jed Hoyer might simply need to create more payroll flexibility to address areas of greater need on the roster. After all, the Cubs have no shortage of outfield and/or designated hitter types in the organization. That includes center fielder Pete Crow-Armstrong, left-fielder Ian Happ, and top prospects Kevin Alcántara, Matt Shaw, and Owen Caissie.

What the Cubs could use more of is pitching. After signing Matthew Boyd, they reportedly remain interested in adding another starter (per Sharma and Patrick Mooney of The Athletic). Over the past few days, the club has been linked to free agent Walker Buehler and trade candidates Jordan Montgomery and Garrett Crochet. As much as they could use another arm, however, the Cubs might not be willing to pay for another starter without first removing some money from the books. On a related note, Sharma says Chicago has also shown “some interest” in Jack Flaherty but only if his price tag is low enough.

In theory, the Cubs should be able to sign a top-end starting pitcher like Flaherty without trading Bellinger or Suzuki. Their estimated 2025 payroll currently sits around $185MM, according to RosterResource. That’s $43MM lower than last season’s final estimate. They’re also about $40MM under the first luxury tax threshold, which should give them plenty of wiggle room even if they’d like to get back under the tax in 2025. However, Chicago’s eagerness to shop Bellinger and reluctance to court Flaherty certainly suggest that Hoyer is working under payroll constraints as he looks to get the Cubs back to the playoffs for the first time in his tenure as president of baseball operations.

Red Sox Interested In Anthony Santander

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The Blue Jays, Yankees and Red Sox have strong interest in free agent outfielder Anthony Santander, per Jon Morosi of MLB.com (X link). The Jays and Yankees have been connected to Santander in previous rumors.

The fit is logical as all three clubs just came up short in their pursuit of Juan Soto. This winter’s free agent outfield market featured Soto at the top, clearly on a tier by himself, well above the rest. The level below featured a cluster of guys including Santander, Teoscar Hernández, Jurickson Profar, Tyler O’Neill, Michael Conforto and others. O’Neill and Conforto are also off the board now, in addition to Soto, so it’s natural that these clubs would pivot to the guys still available.

Santander, 30, doesn’t have Soto’s youth or plate discipline but there’s no doubting the power. He has hit at least 28 home runs in each of the past three seasons, including 44 in the most recent campaign, leading to 105 overall for the 2022-24 seasons. His 8.5% walk rate in that time was right around league average, with his 20.5% strikeout rate slightly better than par. His .244/.317/.478 batting line for that stretch led to a 124 wRC+, indicating he was 24% better than league average.

Given that healthy production, it’s unsurprising that he is generating plenty of interest. What also works in his favor is that he is a switch-hitter without strong platoon splits. As a righty against lefties, he hit .239/.309/.513 in 2024 for a 132 wRC+. For the inverse split, he hit .225/.306/.488 for a 123 wRC+. For his career, he has a 111 wRC+ against lefties and 116 against righties.

That balanced attack means he should be able to fit into the plans of any club with an outfield need, or perhaps an opening at designated hitter. His outfield defense has been subpar in his career, with grades of -3 Defensive Runs Saved and -13 Outs Above Average. He has gotten brief looks at first base recently, with 72 innings at that spot in 2023 and one more in 2024.

Despite the defensive concerns, Santander’s power bat is one of the best available. Perhaps some club would be willing to live with the subpar defense, or maybe try to slot Santander in at first base or designated hitter down the road. At the start of the winter, MLBTR predicted Santander could earn a guarantee of $80MM over four years.

For the Sox, they would likely be looking at Santander as an outfielder. Their corner infield and designated hitter mix is already crowded, with Rafael Devers at third, Triston Casas at first and Masataka Yoshida a primary option for designated hitter. There have been some rumors that the Sox would like to sign a third baseman and move Devers over to the other side of the diamond, which would likely require Casas or Yoshida to be moved.

In the outfield, the Sox have some good options but they could fit Santander into the mix. Jarren Duran and Wilyer Abreu project to be in two spots, but both are left-handed hitters with notable platoon splits. The lineup is already fairly left-leaning as Devers, Casas and Yoshida all hit from that side as well. The right-handed Rob Refsnyder can help out a bit but having Santander as an everyday option would help stabilize the whole group.

Ceddanne Rafaela could be involved in the outfield group as well but he’s a glove-first option who can also play the infield. Roman Anthony is one of the top prospects in the sport but he has not yet turned 21 years old and only has 35 games of Triple-A experience thus far. He is also a left-handed hitter, so he’ll exacerbate the club’s slant in that direction even if he earns his way into the big league plans.

The Sox have been looking to be aggressive this winter with the rotation being a primary focus but adding Santander or another big bat to the lineup would obviously help as well. They are reportedly even willing to pay the luxury tax under the right circumstances. RosterResource currently projects the club’s tax number at $181MM, which is $60MM below next year’s base threshold of $241MM. That should give them enough wiggle room to sign Santander or another outfielder as well as a notable starting pitcher, if they so choose. The Sox have been connected to various rotation options, including Corbin Burnes and Max Fried.

The Jays and Yankees have been connected to just about every big-name free agent, though both clubs have been focused on Soto until now. The coming days should see them pivot and gauge the market on guys like Fried, Burnes, Santander, Hernández, Alex Bregman and others, as those guys have each been connected to both the Yankees and Jays in rumors this offseason.

The loss of Soto obviously leaves a huge hole in the Yankee outfield, so they will surely be considering various options to bolster the group alongside Aaron Judge, Trent Grisham and Jasson Domínguez. That could include the aforementioned free agents but the Yanks have reportedly contacted the Cubs about a Cody Bellinger trade.

The Jays have George Springer and Daulton Varsho as their two most established outfielders, though Varsho is recovering from shoulder surgery and might not be ready for Opening Day. They have Nathan Lukes, Joey Loperfido, Jonatan Clase and other guys on the roster but those guys are all fairly limited in terms of their major league experience.

Santander rejected a qualifying offer from the Orioles at season’s end, so that club will receive draft pick compensation if he ultimately signs elsewhere. That feels fairly inevitable now that they have an agreement with O’Neill, effectively replacing Santander in the club’s outfield mix. If Santander signs a contract worth more than $50MM, the O’s will get a pick after the first round of the upcoming draft. The signing club will also be subject to penalties, depending on whether they are revenue sharing recipients or paid the competitive balance tax in 2024.

Tigers Interested In Walker Buehler, Kyle Gibson, Andrew Heaney

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It’s no secret the Tigers are looking to improve their rotation over the offseason, and three more potential targets for the team have emerged. According to Evan Petzold of the Detroit Free Press, the Tigers are showing interest in right-handers Walker Buehler and Kyle Gibson and left-hander Andrew Heaney.

Buehler is the biggest name of that trio. Although he’s coming off a difficult, injury-plagued season, he was an ace-caliber pitcher when last healthy in 2021. Indeed, from 2018-21, he pitched to 2.82 ERA and 3.56 SIERA over 564 innings. His 14.4 FanGraphs WAR ranked 14th among all pitchers in that time. Still just 30 years old and another year removed from Tommy John surgery, he is widely considered one of the top bounce-back candidates on the free agent market. It helps his case that he looked excellent in the postseason. After a rough outing in the NLDS, he pitched 10 scoreless innings between the NLCS and the World Series.

Precisely because Buehler comes with more upside than Gibson or Heaney, he could be looking for a longer-term commitment. The MLBTR staff predicted a one-year, $15 million contract for Buehler at the beginning of the offseason but noted that a two-year deal with an opt-out was a possibility. Petzold also remarked Buehler could be seeking a two-year deal with an opt-out this winter, and he suggested that might be more than the Tigers are willing to give. Ideally, they’re looking to offer a one-year deal.

In that case, Detroit could pivot to Gibson or Heaney. Of the two, Gibson seems more likely to sign a one-year contract. Both pitchers appeared on MLBTR’s Top 50 Free Agents list: Heaney at no. 25 and Gibson at no. 41. Our staff predicted a two-year, $24 million deal for Heaney and a one-year $13 million deal for Gibson. The slightly higher AAV prediction for Gibson reflects his longer track record of success, but at 37 years old, he’s unlikely to command a multi-year deal. Heaney, on the other hand, is young enough (he’ll turn 34 next June) that he could feasibly land a two-year commitment, especially on a market that has been quite kind to mid-tier starting pitchers thus far. Luis Severino, Yusei Kikuchi, Frankie Montas, and Matthew Boyd all signed for more guaranteed money than MLBTR predicted.

Gibson and Heaney are both coming off similar 2024 seasons. Gibson made 30 starts with a 4.24 ERA and 4.44 SIERA, while Heaney made 32 appearances (31 starts) with a 4.28 ERA and 3.95 SIERA. Heaney’s underlying numbers were a little promising – he had a higher strikeout rate and lower walk rate – but Gibson has been significantly more consistent and durable throughout his career. Ultimately, both are capable back-of-the-rotation starters but not much more. Either would raise Detroit’s floor, but neither would do much to lift the team’s ceiling.

If a pitcher like Gibson or Heaney is the only starter the Tigers add, they’ll need to hope that some of their younger arms step up to help ace Tarik Skubal at the top of the rotation. That includes Reese Olson, Casey Mize, and potentially top prospect Jackson Jobe. More arms that could make up the rest of Detroit’s starting staff include Keider Montero, Matt Manning, and Kenta Maeda. In other words, this team isn’t short on back-end depth. What they could really use is a proven, postseason-caliber starter. However, such an acquisition seems far less likely. According to The Athletic’s Ken Rosenthal and Will Sammon, the Tigers have “some interest” in a reunion with Jack Flaherty, but the word “some” speaks volumes in that report.

Ultimately, despite their postseason appearance in 2024, it seems as if the Tigers aren’t planning to be particularly aggressive this winter. As Petzold points out, their interest in signing a starter to a one-year deal mirrors their strategy from the previous two offseasons, in which they signed Michael Lorenzen and Flaherty. There’s no doubt it paid off in both cases; Lorenzen and Flaherty both pitched well over a few months with Detroit before they were flipped for prospects at the trade deadline. However, the Tigers were still in the middle of a rebuild when they signed Lorenzen ahead of the 2023 season and Flaherty ahead of ’24. That’s no longer the case, so it’s odd to see they’re still looking for stopgaps rather than trying to sign a more impactful pitcher to a multi-year deal.

In the same vein, Petzold suggests the Tigers are interested in first baseman Christian Walker but says they might back off if “big-market teams” are also bidding on his services. Moreover, Petzold adds that they are unlikely to sign any free agents who rejected a qualifying offer. Walker is among that group. While the Tigers have been linked to Alex Bregman, who also received a qualifying offer, Petzold writes that they would probably only pursue him if he were still available entering spring training and his price tag plummeted. As is the case with Walker, the Tigers are interested but not interested enough to enter a bidding war. In other words, it seems as if they’d only be willing to sign a QO free agent at a significant discount.

Angels, Dakota Hudson Agree To Minor League Deal

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The Angels and right-hander Dakota Hudson have agreed to a minor league deal, per Aram Leighton of Just Baseball (X link). The righty will presumably receive an invite to big league spring training as well.

Hudson, 30, is coming off a rough season. He signed a one-year deal with the Rockies with a $1.5MM guarantee but wasn’t able to give the club much in return for that investment. He made 18 starts and threw 89 innings but allowed 6.17 earned runs per nine. He struck out just 12.1% of batters faced, giving out walks at a higher rate of 12.4%. His 52.3% ground ball rate was typically strong for him but it wasn’t enough for him to cling to a job even in the injury-marred Colorado rotation.

In July, Hudson was designated for assignment and sent through waivers unclaimed. He was later added back to the roster in August but quickly wound up on the injured list due to elbow inflammation and finished the season there. He was outrighted off the roster again in October and elected free agency.

Once upon a time, Hudson seemed like a solid rotation option for the Cardinals. Over the 2019 and 2020 seasons, he tossed 213 2/3 innings with a 3.24 ERA, 18.4% strikeout rate, 11.1% walk rate and 56.9% ground ball rate. But Tommy John surgery wiped out most of his 2021 season and he hasn’t been able to bounce back since. His 221 innings in the 2022-23 seasons resulted in a 4.64 ERA with his strikeout rate falling to 12.9%. His 52.5% ground ball in that time was still above league average but a drop from his own previous track record.

For the Angels, rotation depth has been an ongoing issue for years. 2024 was no exception, as the club’s starters posted a collective 4.97 ERA, which was better than only the Marlins and Rockies. They subtracted from their group by sending Griffin Canning to Atlanta in the Jorge Soler deal. Patrick Sandoval was also non-tendered after requiring elbow surgery in the summer.

This offseason, they have signed Yusei Kikuchi and Kyle Hendricks, adding to a group that also includes José Soriano and Tyler Anderson. The roster also features Reid Detmers, Chase Silseth, Caden Dana, Sam Aldegheri, Jack Kochanowicz and others but Hudson will give them a bit of non-roster depth and try to get back on track after a few challenging years.

Roki Sasaki Officially Posted For MLB Clubs

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Right-hander Roki Sasaki has been officially posted by the Chiba Lotte Marines of Japan’s Nippon Professional Baseball, per Jon Morosi of MLB Network (X link) and Mark Feinsand of MLB.com (X link). That opens a 45-day window for Sasaki and his representatives to talk to MLB clubs, meaning he will need to have a deal in place by January 23 or else he will return to the Marines.

Since Sasaki is under 25 years old, having just turned 23, he is considered an amateur under MLB rules. As such, he must be signed as part of the international bonus pool system. The 2024 international signing period ends on December 15 and the 2025 period starts on January 15. All reporting has suggested that Sasaki will wait to sign until the new period starts up and each club gets a fresh pool of spending money, so he seems destined to sign somewhere between January 15 and 23rd, though the talks can now officially begin.

It seems to be a lock that Sasaki will be coming to the majors next year, the only question is who he will play for. Money won’t be the primary factor, as each club will be able to offer a roughly similar signing bonus. As laid out by Ben Badler of Baseball America, each club has a bonus pool in the $5-8MM range. Teams can trade for more pool money but can’t increase their initial allotment by more than 60%.

If money were Sasaki’s motivation, he would have waited another two years to make this move. Yoshinobu Yamamoto was posted after his 25th birthday and was able to secure a $325MM guarantee from the Dodgers, but Sasaki has insisted on making the move now because he presumably just wants to test his mettle at the world’s top level as soon as possible.

He also surely knows that he will eventually be rewarded as long as he keeps pitching well. Shohei Ohtani also came to the majors as an amateur and had to settle for a small bonus with the Angels, but he flourished and eventually got his big paycheck from the Dodgers once he accrued six years of big league service time.

Given those parameters, Sasaki will likely be deciding his new club based on other factors. It has been suggested by some observers that the Dodgers are a favorite, given that the franchise has had success in general but also especially with pitchers. It’s also possible that the presence of Ohtani and Yamamoto might be nice for Sasaki as he makes the move to a new country and new culture. Some have also suggested the Padres as a strong contender since Sasaki reportedly has a strong relationship with Yu Darvish and might prefer to be in a market away from Ohtani and Yamamoto, giving him a greater chance to step into a spotlight and parlay that into sponsorships opportunities while his direct earning power is relatively low. He may have other preferences based on geography or a team’s competitive outlook, though those can only be guessed.

No club can be officially ruled out, however, given the cheap sticker price and Sasaki’s quality as a pitcher. He has allowed only 2.10 earned runs per nine innings over his NPB career, striking out 32.7% of batters faced while only giving out walks 5.7% of the time. There are some slight workload concerns since Sasaki has had some injuries and never thrown 130 innings in a season, but any club would still love to take a chance on him for the small price of a few million dollars.

Whoever ultimately lands Sasaki, it could lead to domino effects that impact other clubs. MLB teams generally commit their bonus pools years in advance via verbal agreements. Players in countries like the Dominican Republic and Venezuela aren’t allowed to sign until they are 16 years old but they often have handshake deals worked out with clubs years in advance. Whichever club agrees to sign Sasaki, even for a bonus of just a few million, might have to renege on a few of those verbal agreements. That would be an awful situation for those players but could lead to them suddenly becoming available for other clubs. That could create further domino effects if some clubs then back out of their own verbal agreements in order to pivot to the newly available players.

At Baseball America, Badler recently took a look at the chaos that could ensue as the Sasaki situation plays out. That will have to wait, as it likely won’t be known for over a month which team Sasaki will choose.

Brewers Reportedly “Engaged” In Garrett Crochet Market

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Reporting yesterday indicated that the market for White Sox southpaw Garrett Crochet has started to heat up, with an increasing chance that a deal could come together at some point during the Winter Meetings this week. The Yankees, Red Sox, Padres, Cubs, and Reds are among the suitors who have previously been mentioned, but Jon Morosi of MLBNetwork added an additional suitor this morning when he reported that the Brewers are among the teams who remain engaged with Chicago regarding Crochet.

Milwaukee is an intriguing suitor for Crochet’s services. While the club typically focuses on internal development and savvy free agent deals in the middle and lower tiers of free agency in order to sustain their status as perennial contenders, the Brewers have swung trades for notable players such as Willy Adames and Christian Yelich in the past. Adames, of course, just signed with the Giants after declining a Qualifying Offer from the club, but Yelich went on to become a franchise stalwart who is under contract in Milwaukee through the end of the 2028 season. While Crochet comes with just two years of team control as opposed to the three-and-a-half and five years of control Adames and Yelich respectively had remaining at the time of their deals, the Brewers are firmly in the midst of their competitive window and have plenty of reason to be aggressive.

The club has weathered the losses of stars like Adames, Corbin Burnes, and Josh Hader in recent years that have left them facing increased long-term uncertainty, and with groups of exciting young talent in Cincinnati, Pittsburgh, and Chicago reaching the majors it’s not hard to imagine a scenario where Milwaukee’s recent dominance over the NL Central comes to an end within the next few years. Adding a player with Crochet’s upside to a rotation that already figures to feature Brandon Woodruff and Freddy Peralta this winter could be a way for the Brewers to guarantee their competitive window remains firmly open in 2025, and do so at a relatively affordable financial cost. MLBTR contributor Matt Swartz projects Crochet to make just $2.9MM in his penultimate trip through arbitration this winter. That’s a salary any club could afford, including the budget-conscious Brew Crew.

Of course, a trade for Crochet would come with plenty of risks. The southpaw managed just 146 innings in 2024 after two lost seasons due to injury and has never shown himself to be capable of handling a full starter’s workload at the MLB level; while he started 32 games in 2024, 17 of those starts lasted less than five innings. Even setting aside those volume- and health-related concerns, trading significant prospect capital for a player who wouldn’t be under long-term team control may be a difficult pill to swallow. While prospects like Jeferson Quero and Jacob Misiorowski could be used to create an enticing package for Chicago, the Brewers lack the high-end talent other suitors like the Padres (Ethan Salas), Red Sox (Marcelo Mayer), and Cubs (Matt Shaw) may be able to offer.

Of course, the prospect capital lost in a hypothetical Crochet trade could be made up for in other ways. The Brewers could pull from the playbook San Diego ultimately wound up using with Juan Soto and slot Crochet into their rotation for a year before flipping him next winter. It’s even possible that could land the club a return somewhat comparable to what they gave up if Crochet is able to stay healthy and establish himself as capable of pitching a wire-to-wire big league season on a starter’s workload this year. Alternatively, it’s at least plausible that Milwaukee could explore extension talks with Crochet that would keep him in town for longer than his two years of team control, though it’s unclear whether or not the club would have room on their books for the sort of salary Crochet could command given that any extension would overlap with the final years of Yelich’s deal.

Dodgers, Teoscar Hernández Reportedly Facing Gap In Negotiations

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The Dodgers and outfielder Teoscar Hernández have interest in a reunion after a successful season together but no deal has come together yet. Alden González of ESPN reports that the two sides have been negotiating for weeks but have been “unable to bridge the gap.”

Hernández, now 32, was a free agent a year ago on the heels of a down season. After hitting .283/.333/.519 with the Blue Jays over the 2020-22 seasons for a 132 wRC+, he was traded to the Mariners prior to the 2023 season and went on to hit .258/.305/.435 for a 106 wRC+. Seattle let him hit the open market without a qualifying offer and Hernández ended up lingering unsigned into January. He did receive a two-year, $28MM offer from the Red Sox but decided to bet on himself by signing a one-year deal with the Dodgers which paid him $23.5MM, though with deferrals.

The move worked out well for both sides. Hernández put up a line of .272/.339/.501 and a 134 wRC+ this year, back on his previous pace, making his lone season in Seattle look like a blip. He also hit well in 16 postseason games as the Dodgers went on to win the World Series. While celebrating that title, he openly expressed his desire to return to the Dodgers.

Last month, Jeff Passan of ESPN wrote that Hernández could be one of the first big names to sign this winter, but that hasn’t come to pass. Given that Hernández had a frustrating stint in free agency last time, it would make sense for him to desire a quick resolution this time around. But given his stronger platform year, he would naturally want fair market value and wasn’t just going to accept any deal put in front of him.

The path back to Los Angeles may have become a little foggier recently. The Dodgers just signed Michael Conforto yesterday, adding another corner outfielder to the roster. The club reportedly still has interest in Hernández even with Conforto in the mix but it may decrease their urgency. Their current outfield projection would likely see Conforto in one corner, Tommy Edman in center and Andy Pages in another corner, with James Outman around as depth and prospect Dalton Rushing lurking in Triple-A. Edman can also play the middle infield but the Dodgers are seemingly set there with Mookie Betts, Miguel Rojas and Gavin Lux. Using the designated hitter spot isn’t an option with Shohei Ohtani there nearly every day.

Conforto, Outman and Rushing are all lefties, so perhaps there’s room for Hernández in a platoon role, but he’s surely looking for more than that. After his strong bounceback season in 2024, MLBTR predicted he could land a three-year, $60MM deal.

The gap between the Dodgers and Hernández could perhaps open the door for other suitors to come in. The Juan Soto frenzy just came to an end, with the Mets ending up in the winner’s circle. The Yankees, Red Sox and Blue Jays were reportedly the finalists, so those clubs could now look to alternatives and all three have been connected to Hernández. The free agent outfield market also still features Anthony Santander, Jurickson Profar, Max Kepler and others, though Soto, Conforto and Tyler O’Neill have come off the board in recent days. The trade market could feature Cody Bellinger, Lane Thomas, Wilyer Abreu and others.

If Hernández ends up elsewhere, the Dodgers will receive compensation since he rejected a qualifying offer from them. Since the Dodgers paid the competitive balance tax last year, they would only receive modest compensation, a pick after the fourth round of the upcoming draft. The signing team would be subject to penalties, though the exact nature of the forfeitures would depend if that club paid the competitive balance tax in 2024 or is a revenue sharing recipient.

Latest On Yankees’ Offseason Plans

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Juan Soto has officially departed the Bronx in favor of Queens, as the superstar slugger agreed to a 15-year deal with the Mets worth $765MM last night. Now that they know Soto will not be returning to the club in 2025, the Yankees are now poised to pivot towards a number of other notable free agent targets, spreading the money they would’ve spent on Soto around their roster. While the team is sure to have a number of irons in the fire as they attempt to reconstruct their roster without Soto in the mix, USA Today’s Bob Nightengale reported this morning that the club is expected to make a “strong push” for free agent first baseman Christian Walker after previously expressing interest in him earlier this winter.

Walker, 34 in March, has been a fixture of the Diamondbacks lineup at first base since longtime franchise face Paul Goldschmidt was traded to the Cardinals prior to the 2019 season but has found a new gear in his early thirties. Over the past three seasons, Walker has slashed a strong .250/.322/.481 (120 wRC+) with a 20.8% strikeout rate, a 9.9% walk rate, and 95 homers in 447 games for Arizona. He’s done that while providing high quality defense at first base, winning the NL’s Gold Glove award at the position in each of the past three campaigns. That combination of solid offense and elite defense at the position have made Walker one of the league’s most valuable commodities at first base in recent years. His 10.8 fWAR since the start of the 2022 season is tied with Yandy Diaz for fifth-best in the majors among qualified first basemen, trailing only Freddie Freeman, Bryce Harper, Matt Olson, and Goldschmidt in that time. Meanwhile, Walker ranked fifth in fWAR and seventh in wRC+ among qualified hitters at first base this year while trailing only Freeman, Harper, and Vladimir Guerrero Jr. in both categories.

It’s the sort of production that virtually any team could benefit from, but the Yankees in particular could use a big boost at first base. Incumbent first baseman Anthony Rizzo departed for free agency last month after a injury-marred campaign that saw him hit just .228/.301/.335 (84 wRC+) in 92 games, and the club’s internal solutions at the position are lackluster. Rookie Ben Rice struggled to a 73 wRC+ in his first taste of big league action last year, while DJ LeMahieu was one of the worst hitters in baseball this past year with a .204/.269/.259 slash line during his age-35 season. Adding Walker would improve both the club’s offense and defense in a substantial way, offering a steady solution at first base.

What’s more, the $60MM price tag over three years that MLBTR predicted Walker would land at the outset of the offseason is hardly cost-prohibitive, and should leave the Yankees with plenty of financial flexibility to stay aggressive in upgrading other areas of the roster. Third base and the outfield appear to be the most obvious places for the club to upgrade, but a pursuit of a top-flight starter such as Corbin Burnes or Max Fried can’t be ruled out either. The Yankees have reportedly met with both players this offseason and appear to have real interest in pairing one of the two remaining aces available in free agency with Gerrit Cole atop the club’s rotation. Of the two, MLB.com’s Mark Feinsand reports that the club prefers Fried over Burnes. Adding either pitcher would surely require the club to trade at least one of their existing starters, with southpaw Nestor Cortes and veteran righty Marcus Stroman standing out as the most speculated-upon trade candidates.

Turning back to the lineup, the Yankees have reported interest in top free agent infielder Alex Bregman, which MLBTR discussed earlier this morning. One other option to fill the club’s vacancy at the hot corner could be Cardinals veteran Nolan Arenado. Derrick Goold of the St. Louis Post-Dispatch reported this morning that the Yankees are among a “select handful” of teams that the Cards have approached regarding the possibility of an Arenado trade, though it’s unclear to what level the Yankees reciprocated that interest in a deal if they did so at all. The 33-year-old has a full no-trade clause in his deal with the Cardinals, and his ability to be choosy about his destination has seemingly contributed to a “very limited” trade market for the veteran star.

Presumably, the Yankees are one of the teams Arenado would approve a trade to if the Cardinals are broaching the subject with the club. He could be a sensible fit for the Bronx given his strong defense at third base that would form an impressive left side of the infield alongside shortstop Anthony Volpe while allowing Jazz Chisholm Jr. to move back to second base. With that being said, there are questions about Arenado’s offense at this stage of his career. While he’s just two years removed from finishing as a finalist for the NL MVP award, those two seasons haven’t been kind to him as he slashed just .269/.320/.426 (104 wRC+) in a combined 247 games. He’s been approximately a three-win player over the past two seasons, but with three years remaining on his contract it’s fair to wonder if further regression on either side of the ball could be in Arenado’s future.

As for the outfield, the Yankees have been connected to Teoscar Hernandez as a potential back-up for Soto, with reporting yesterday indicating the club has “serious interest” in his services. Feinsand characterizes the club’s interest in Hernandez differently, however, reporting that the club’s talks with the slugger are “very preliminary” as the club has been focused on Soto to this point in the winter. Of course, now that Soto is off the board it’s easy to imagine the club’s interest in Hernandez becoming far more serious. While no player can replace Soto’s bat in the lineup and pairing another right-handed bat with Judge and Stanton in the middle of the Yankees lineup is far from ideal, Hernandez’s 134 wRC+ in 2024 would still offer the club a legitimate middle-of-the-order threat they’ll be lacking now that Soto has moved on.

Cubs Sign Matthew Boyd

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DECEMBER 9: The Cubs made Boyd’s signing official on Saturday and Robert Murray of FanSided (X link) has the full contract details today. Boyd gets a $5MM signing bonus and a salary of $7.5MM in 2025, followed by a $14.5MM salary in 2026. There is a $2MM buyout on a $15MM mutual option for 2027. As for the bonuses, Boyd gets $100K for getting to 80, 90, 100, 110 and 120 innings pitched in each season.

DECEMBER 2: The Cubs have agreed with left-hander Matthew Boyd on a two-year deal that will guarantee him $29MM, per a report from Jon Heyman of the New York Post. The deal includes $1MM in performance bonuses, $500K each year, that could take the total guarantee to $30MM over two years. Boyd is represented by the Boras Corporation.

Boyd, 34 in February, made his big league debut with the Blue Jays back in 2018 but established himself in the majors as a member of the Tigers the following year. From 2016 to 2020, Boyd served as a slightly below league average starter for Detroit with a 4.75 ERA (95 ERA+) and 4.54 FIP in 727 innings of work. The southpaw at times flashed exciting peripherals, such as the 2019 season when he punched out 30.2% of opponents in 185 1/3 frames while walking just 6.3%, but his overall body of work cast him as more of a solid back-of-the-rotation arm than anything else.

Matthew Boyd pitching for the Cleveland Guardians.

Boyd’s time with the Tigers came to a close when he required surgery to repair a torn flexor tendon late in the 2021 campaign, which left him limited to just ten relief appearances as a member of the Mariners. He returned to the Tigers in 2023 but made just 15 starts to lackluster results before going under the knife a second time, this time due to Tommy John surgery.

Once again a free agent coming off major surgery, Boyd remained unsigned headed into the 2024 season before eventually landing a big league deal with the Guardians back in June. The lefty didn’t make his season debut until mid-August after building up to game readiness in the minor leagues, but once he suited up for Cleveland he looked quite good with a 2.72 ERA and 3.29 FIP in 39 2/3 innings of work across eight starts down the stretch. He struck out 27.7% of his opponents while walking just 7.3%, which would have given Boyd one of the better K-BB% figures for a starter in the sport this year if he had pitched enough innings to qualify. He built on that solid regular season performance with a strong showing during the Guardians’ run to the ALCS. He pitched 12 innings for the club across four appearances (three starts), and struck out 28% of opponents while posting a dazzling 0.75 ERA.

That strong finish to Boyd’s season left the southpaw poised to garner plenty of interest in free agency this winter, even in spite of his checkered injury history. MLBTR ranked Boyd as the #23 free agent in this winter’s class on our annual Top 50 MLB free agents list, and predicted a two-year, $25MM guarantee that comes in just below the pact he ultimately landed with the Cubs. Boyd becomes the fifth starting pitcher to sign a multi-year deal this winter, joining Michael Wacha’s three-year deal with the Royals, Yusei Kikuchi’s three-year pact with the Angels, Blake Snell’s five-year contract with the Dodgers, and the two-year agreement between Frankie Montas and the Mets that was reported earlier this evening.

Notably, four of the five were unencumbered by draft pick compensation in a pitching market where plenty of borderline candidates such as Nick Pivetta and Luis Severino were extended the qualifying offer by their clubs. (Wacha re-signed in Kansas City the day before QOs were tendered but would very likely have received one.) Each pitcher has landed a deal that come in at or above expectations.

Even so, that seems to have pushed clubs that aren’t interested in signing a qualified free agent to act quickly. The calendar has only just flipped to December the market is already beginning to thin in terms of starters who aren’t attached to a qualifying offer. MLBTR predicted multi-year deals for just four more free agent starters who aren’t attached to draft pick compensation this winter: Jack Flaherty, Nathan Eovaldi, Andrew Heaney, and Jose Quintana.

Turning back to the Cubs, the addition of Boyd adds another capable veteran arm to a rotation that already features lefties Justin Steele and Shota Imanaga as well as right-hander Jameson Taillon. Adding to the rotation has been a well-established priority for the club this winter, though early reports of plans to shop for a top-of-the-rotation arm eventually gave way to the suggestion Chicago could instead look for arms a tier or two below that pedigree. Boyd fits the latter description, given his roughly league-average work throughout his career and his recent struggles with injuries. The lefty has been limited to just 202 2/3 innings of work since the start of the 2021 season, and in that time he’s posted a 4.04 ERA (105 ERA+) with a 3.97 FIP and a 23.2% strikeout rate against an 8% walk rate.

While Boyd may not necessarily profile as a front-end starter, it’s still not hard to imagine him providing an upgrade to the Cubs’ rotation when healthy. After all, the lefty was legitimately impactful for the Guardians this year in both the regular season and the playoffs, and that success being a late-career step forward rather than a simple hot streak can’t be ruled out for a pitcher who has long shown flashes of dominance throughout his time in the majors. What’s more, Chicago is perhaps uniquely well-equipped to handle any absences caused by future injuries thanks to a deep group of optionable arms that includes Ben Brown, Javier Assad, Jordan Wicks, and Hayden Wesneski who can step into the rotation fairly seamlessly if needed.

For the time being, that quartet appears likely to vie for the fifth spot in the club’s rotation this spring, with Assad as the early front-runner after a generally successful (3.73 ERA, 4.64 FIP) season as a starter in 2024. RosterResource currently projects the Cubs for a $176MM payroll in 2025, and the Boyd deal should move that up to the $191MM range. That still leaves a bit more than $20MM of breathing room relative to the club’s 2024 Opening Day payroll, which Cot’s Baseball Contracts notes sat just over $214MM. It’s not impossible to imagine the club pursuing another starter to strengthen their rotation through either free agency or trade this winter with the financial flexibility the club has remaining, but given the club’s needs at catcher and in the bullpen it seems those funds will likely be used elsewhere—at least unless a trade of Cody Bellinger clears some additional money off the club’s books.

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