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MLBTR Podcast: Breaking Down The Top 50 Free Agents List

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The latest episode of the MLB Trade Rumors Podcast is now live on Spotify, Apple Podcasts, and wherever you get your podcasts! Make sure you subscribe as well! You can also use the player at this link to listen, if you don’t use Spotify or Apple for podcasts.

This week, host Darragh McDonald is joined by Tim Dierkes, Steve Adams and Anthony Franco of MLB Trade Rumors to discuss our annual Top 50 Free Agents post. The conversation veered into these specific topics…

Check out our past episodes!

  • The Mets’ Spending Power, Juan Soto Suitors, And The Rangers’ Payroll Limits – listen here
  • The World Series, The White Sox Reportedly For Sale, And Tropicana Field – listen here
  • Changes In Minnesota, Cubs’ Prospect Depth, And Possibilities For The O’s – listen here

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

Jeff Hoffman Garnering Interest As Starter

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Jeff Hoffman’s breakout as an elite reliever in the Phillies’ bullpen over the past two seasons played a huge role in the team’s success, but now that he’s a free agent it’s possible he’ll sign in a completely different role. ESPN’s Kiley McDaniel reported within his ranking of the offseason’s top free agents that some clubs have considered pursuing Hoffman as a starting pitcher. The Athletic’s Matt Gelb backs that up in his own report, further pointing out that Hoffman is represented the same agency (CAA) that represented Reynaldo Lopez during his own switch from the bullpen to the rotation last winter.

Hoffman, 32 in January, has quietly been a dominant force in the Philadelphia bullpen since signing a minor league deal early in the 2023 season. Recency bias might conjure up the unflattering memory of the right-hander’s NLDS meltdown against the Mets, but from 2023-24, Hoffman compiled 118 2/3 innings of 2.28 ERA ball while punching out a gaudy 33.4% of his opponents against a 7.4% walk rate. This postseason’s pair of regrettable outings against the Mets isn’t an ideal final memory, but Hoffman also snapped off six shutout innings of relief with eight strikeouts and no walks during the 2023 NLCS.

Excellent as Hoffman has been in relief, there’s reason to believe he could succeed in a lengthier role. First and foremost, the former No. 8 overall draft pick was a starter in his college days at East Carolina University and began his pro career in a rotation role. He started 11 big league games as recently as 2021 with Cincinnati and didn’t move to a full-time relief role until his 2022 season with the Reds. Hoffman has appeared in 361 professional games (majors and minors combined); 145 of them (40%) have been starts.

Beyond his familiarity with the role, Hoffman still uses a four-pitch repertoire even when working out of the bullpen. Many relievers who were once starters narrow their arsenal down to two pitches when they move to a short relief role. Hoffman still threw four pitches at least 8% of the time in 2024: a four-seamer (39%), slider (40.8%), splitter (12%) and sinker (8.2%). He averaged a fiery 96.6 mph on that four-seamer and 96.7 mph on his sinker. Those numbers would surely go down were Hoffman to begin working five, six and seven innings at a time, but even with reduced life on his fastballs he could still have average or better velocity. The league-average starting pitcher in 2024 sat 94.2 mph with his four-seamer, per Statcast.

Among those four pitches, Statcast has ranked them all as plus offerings over the past two seasons. Hoffman’s slider has easily been the best of the bunch, producing a huge 20.6% swinging-strike rate and limiting opponents to a .160/.201/.215 batting line when finishing off a plate appearance with that offering (dating back to Opening Day 2023). Again, whether he could sustain that level of dominance when facing opponents a second and third time through the order isn’t certain, but Hoffman’s wipeout slider has played an enormous role in his breakout since signing with the Phillies.

There are health and performance risks when taking a reliever and stretching him out. Hoffman hasn’t reached even 100 innings (majors and minors combined) in a season since 2019. Even among the reliever-to-starter experiments that panned out nicely in 2024, no one from the bunch worked what could be considered a full workload.

Garrett Crochet came the closest, compiling 146 innings across 32 starts, but the White Sox didn’t allow him to pitch more than four innings in a start after the calendar flipped to July. The aforementioned Lopez reached 135 2/3 innings but had a pair of IL stints owing to forearm and shoulder inflammation. Angels righty Jose Soriano went from 65 1/3 innings in 2023 to 113 in 2024 but was shut down for the season on Aug. 17 due to arm fatigue. Giants righty Jordan Hicks thrived in the rotation through late May before stumbling to an ERA over 6.00 in the early summer and being dropped back to the ’pen in mid-July. He finished at 109 2/3 innings with a 4.10 ERA. Seth Lugo is perhaps the best recent example of success in this transition. He jumped from 65 innings with the 2022 Mets to 146 innings with the 2023 Padres and 206 innings with this past season’s Royals.

Notably, McDaniel opines that Hoffman is still likelier to sign as a reliever. It’s the role in which he’s dominated over the past two seasons, and while he’s not the No. 1 reliever in this offseason’s free agent class — most publications, including MLBTR, assigned that honor to lefty Tanner Scott — Hoffman has a case to be considered the No. 2 or No. 3 bullpen arm on the open market this winter.

Gelb suggests Hoffman may prefer the relief role, though logically speaking, one would imagine he’d simply take the best offer possible. This is Hoffman’s first real crack at a notable MLB contract. He took home a signing bonus of just over $3MM in the draft but was non-tendered throughout his arbitration years and earned a relatively modest $2.2MM this past season in his final arb season. Even with that draft bonus, Hoffman’s career earnings fall shy of $8MM. He’ll presumably prioritize top dollar, regardless of location or role.

Alex Bregman Willing To Move To Second Base

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Earlier this month, Alex Bregman was awarded a Gold Glove for his defense at third base. He has been an All-Star, a Silver Slugger, and a World Series champion, but this was the first Gold Glove of his nine-year career. The honor was well deserved. According to Baseball Savant, Bregman set new career highs in Outs Above Average (OAA) and Fielding Run Value (FRV). The metrics at FanGraphs and Baseball Prospectus agree he was the most valuable defensive third baseman in the American League. Yet, Bregman’s agent Scott Boras revealed at the GM meetings this week that multiple teams have asked about his client’s willingness to move to second base – and Boras confirmed that Bregman would indeed be willing to make the change (per Bob Nightengale of USA Today).

It’s not necessarily surprising that Bregman would be amenable to switching positions. Extra versatility will only make him more appealing as a free agent. The more suitors he can attract, the more money he can command. Similar reports came out this week about fellow top free agent Willy Adames, a talented shortstop who would be willing to move to second or third base on the right deal. Moreover, it’s not as if Bregman would be completely new to the keystone. He played a handful of games at second base in each of his first three MLB seasons. He also has plenty of experience at shortstop from college and his early professional years.

What is slightly more surprising is the fact that teams would be interested in Bregman playing second base in the first place. He’s a good enough hitter that his bat could play anywhere around the diamond, but he is an experienced third baseman coming off the best defensive season of his career. It’s hard to imagine his glove would be quite as valuable at a new position – nor would his bat necessarily play any better at second base. Historically, second base has been a weaker offensive position than third, but the gap has nearly disappeared over the last two years. From 2023-24, second basemen have produced a .308 wOBA. Third baseman have put up a .309 wOBA in that time. Finally, there is more competition on the free agent market at second base than third. Adames and Ha-Seong Kim can play both positions, but each has more big league experience at second. In addition, two of MLBTR’s top 50 free agents are primary second basemen: Gleyber Torres and Hyeseong Kim. Bregman is the only primary third baseman on our top 50 list.

On the other hand, Bregman has never had a good arm for a third baseman. What’s more, it’s quite possible he would have been a second baseman all along if it weren’t for Jose Altuve blocking the position in Houston. Considering Bregman’s arm looked weaker than usual in 2024 (and that he just had surgery on his throwing elbow), perhaps some of his suitors think he’ll be a better defender at second base in the long run. Alternatively, they might just be hedging their bets in case his elbow problems linger into next season.

Regardless, Bregman continues to be most strongly linked to Houston this offseason. GM Dana Brown told reporters (including Jon Heyman of the New York Post) at the GM Meetings that he thinks the Astros have “a really good chance” of re-signing their homegrown star. In that case, there is no doubt he would resume his duties at the hot corner in 2025. Altuve is coming off another All-Star season at second, and the face of the Astros franchise is under contract for another five years and $125 million.

Top 50 Free Agent Chat Transcript

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You’ve had a few days to digest our entire 2024-25 Top 50 MLB Free Agent rankings, all 20,000 words of it. Tim Dierkes, Anthony Franco, Darragh McDonald and I put more than a month into deliberating our contract predictions. If you want to ask us more about our process, a particular prediction, tell us someone we overlooked/underestimated/overrated or give any other thoughts, you can click here to read a transcript of the chat with Tim, Darragh and me about the list!

The Opener: Marlins, Angels, Top 50 Chat

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With the first position player and starting pitcher deals of this year’s free agency now in the books, here are three things we’ll be keeping an eye on today:

1. Marlins managerial search nearing conclusion?

After the White Sox recently hired Will Venable to take over the club’s managerial gig, that left just one club without a skipper set to helm the dugout in 2025: the Marlins, whose new hire will have their work cut out for them after the club decided against bringing back the entire 2024 coaching staff. Fans in Miami have been in suspense about the club’s next manager for quite some time, and there’s some reason to believe the search is coming to an end. Jon Morosi of MLB Network said yesterday that Marlins president of baseball operations Peter Bendix told him that he was “nearing” a decision on the club’s new manager. Dodgers first base coach Clayton McCullough and Tigers bench coach George Lombard are among the rumored names not yet known to be out of the running.

2. Angels 40-man move incoming:

The Angels made their first free agent signing of the offseason yesterday when they agreed to a one-year deal with longtime Cubs veteran Kyle Hendricks. Hendricks, 35 in December, is coming off the worst season of his career in 2024 but was once among the most effective starters in the league in terms of run prevention and put up solid mid-rotation results (114 ERA+) as recently as 2023. He’ll slot into a rotation that currently includes little certainty outside of veteran Tyler Anderson and young righty José Soriano. Hendricks joins trade acquisition Jorge Soler as the key pieces Anaheim has already added in a busy start to the offseason.

Before Hendricks’ deal with the Halos can become official, however, the club will need to make room for him on the 40-man roster. That will likely require the club to designate a player for assignment, but it’s possible the club could try to work out a trade to clear a spot on the 40-man as well.

3. MLBTR Top 50 Chat today:

Earlier this week, we here at MLBTR posted our annual Top 50 MLB Free Agents list, complete with contract and team predictions. It’s our biggest post of the year, jam-packed with information and analysis. If you have any questions about the list and our predictions, you’re in luck, as Tim Dierkes, Steve Adams and Darragh McDonald will be hosting a joint live chat at 9am CT today! You can click here to submit a question in advance, participate live when the chat begins, and read the transcript after it concludes.

Cards Moving Willson Contreras To First Base; Contreras Unlikely To Waive No-Trade Clause

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As he heads into the third season of his five-year, $87.5MM contract, Willson Contreras is headed for a position change. The Cardinals plan to move Contreras from catcher to first base next season, reports Jesse Rogers of ESPN. President of baseball operations John Mozeliak told reporters at the GM Meetings today that the move to a first base/designated hitter role was made with Contreras’ long-term health and longevity in mind, adding that he’s “unlikely” to catch much at all in 2025 (X link via Katie Woo of The Athletic).

Mozeliak added that Contreras was quite clear about his desire to remain in St. Louis even as the team embarks on something of a reset (via Woo). That makes it unlikely he’d be willing to waive his full no-trade clause this offseason. It’s a similar story with right-hander Sonny Gray, it seems. Mozeliak didn’t directly state as much, but Derrick Goold of the St. Louis Post-Dispatch reports that Gray has also expressed a preference to remain with the Cardinals. Like Contreras, Gray has full no-trade protection.

The move to first base for Contreras opens the path for Ivan Herrera and Pedro Pages to split time behind the plate. It’s perhaps possible that an injury to one or both players could result in Contreras suiting up and crouching behind home plate once again, but it seems the organization’s preference is a shift away from that role. It’s the latest in a winding saga with the Cardinals’ seeming distaste for Contreras’ defense — one that began just weeks into his first season with the club.

The Cardinals announced early in the 2023 season that Contreras would be moving off catcher for at least a few weeks. At the time, Mozeliak stressed that Contreras hadn’t caught his last game for the club but added that the team had grown accustomed to Yadier Molina’s glovework behind the dish, adding that “this is going to take a little time to get him to where we feel he understands the expectations of what this role is for us.” It was a stunning announcement less than two months into a five-year contract, and one that generated even more confusion when Contreras returned to catching just one week later.

With the contract now 40% complete, Contreras appears ticketed for a more permanent move off the position. The 32-year-old has long been regarded as a bat-first catcher, but the ongoing questions about the Cardinals’ satisfaction with his defense (or lack thereof) has at multiple points prompted questions about why the team signed him to a five-year deal in the first place. Those questions will only grow louder now. Statcast has generally given Contreras plus grades for his throwing and rated him as a solid blocker, though his framing skills have been panned. He’s lived up to his end of the deal at the plate, however, hitting a combined .263/.367/.468 in 853 plate appearances. A broken forearm and finger, among other smaller injuries, have limited his time on the field, but Contreras has generally been one of the Cardinals’ best hitters when healthy.

That’ll presumably continue as he moves into a new role on the field. Contreras’ position shift seems likely to close the door on a potential reunion with free agent Paul Goldschmidt, who’ll now look to rebound elsewhere after a disappointing finish to his St. Louis tenure. It’ll also finally give the 24-year-old Herrera a crack at the starting catcher role for which he’s appeared ready for several years.

Herrera was thought to be a potential heir to Molina behind the plate, but any such hopes were dashed when the Cards originally signed Contreras. He’s a .289/.365/.398 hitter in 325 major league plate appearances (117 wRC+) and carries a stout .281/.414/.453 slash in 176 Triple-A contests. Pages, 26, hit .238/.281/.376 in 218 big league plate appearances in 2024. The righty hitter did post solid offensive numbers as a 24-year-old in Double-A in 2023, but scouting reports on him have questioned his hit tool while characterizing him as a likelier platoon option or backup.

Turning to Gray, his apparent desire to remain in St. Louis makes him a less obvious trade candidate than he was entering the winter. The Cards were reported to be open to offers on Gray even before they publicly revealed their plan for a step-back to focus on player development. Gray’s no-trade clause and heavily backloaded contract were always significant roadblocks in a potential trade, but ones that potentially seemed surmountable. He was quite selective about his destination in free agency, preferring to be relatively close to his Nashville home. Still, there was some thought that a trade to a geographically close club might hold appeal.

Working out such a swap would’ve been complicated. Gray’s three-year, $75MM contract paid him just $10MM in year one. He’s owed $65MM over the course of the next two seasons. That’s a huge number for an acquiring club to take on, particularly if said club has luxury-tax concerns (e.g. the Braves). A team acquiring a contract is taxed on the remainder of the deal rather than the original AAV, meaning a new club would be on the hook for a $32.5MM luxury hit in acquiring Gray. Those hurdles are all rendered moot, however, if Gray prefers to remain in St. Louis and see how things play out in the short-term.

Mozeliak told reporters today that he spoke to all of his players with no-trade clauses. That means he’s at least broached the possibility with third baseman Nolan Arenado. It’s not yet clear, however, whether Arenado is as convicted in his desire to remain on board through the team’s reset. Certainly, the lack of comments or concrete reporting on the matter doesn’t mean Arenado is requesting or even open to a trade, but the lack of information on him will fuel natural speculation. Arenado’s trade from Colorado to St. Louis, after all, was prompted by his frustration over the Rockies’ inability to field a competitive roster. Playing for a contending club was a priority for him — so much so that he passed on an opt-out opportunity in his contract to remain in St. Louis due in large part to their status as perennial contenders.

Arenado now has three years and $74MM remaining on his contract. The Rockies are on the hook for $5MM of that sum. He’s had two straight pedestrian seasons at the plate, batting .269/.320/.426 since 2023. That’s still slightly better than league-average production by measure of wRC+ but is a far cry from his MVP-caliber 2022 showing when he hit .293/.358/.553. Whether he can bounce back as he heads into his age-34 campaign is an open question, but Arenado remains an elite defender with rare durability. He’s missed 28 games over the past two seasons but has played in 94.6% of his teams’ games dating back to the 2015 season.

Giants, Sergio Alcantara Agree To Minor League Contract

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The Giants are in agreement with infielder Sergio Alcántara on a minor league deal, reports Francys Romero (X link). The Quality Control Sports client gets an invitation to big league camp.

Alcántara has appeared with four teams at the major league level. He hasn’t played in the big leagues since 2022. The switch-hitting infielder split the ’24 campaign between the Triple-A affiliates of the Pirates and Diamondbacks. His .271/.388/.416 slash is solid on the surface, though that was mostly concentrated in a hitter’s paradise in Reno. Alcántara has played the role of light-hitting utilityman in his MLB career. He’s a .209/.281/.343 hitter over 502 big league plate appearances.

While Alcántara doesn’t provide much at the plate, he has bounced around on the strength of his glove. He has more than 6000 innings of shortstop experience in the minors. Alcátara has upwards of 1000 professional frames at both second and third base. The Giants are likely to add a starting shortstop this winter to push Tyler Fitzgerald to second base. Most of San Francisco’s utility players are stretched at shortstop, so Alcántara is a sensible depth target who’ll likely open the season in Triple-A.

Mets, Rico Garcia Agree To Minor League Deal

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The Mets are in agreement with free agent reliever Rico Garcia on a minor league contract, reports Anthony DiComo of MLB.com (X link). The Gaeta Sports Management client gets an invite to big league Spring Training on a deal that would pay him a $900K base salary if he makes the big league roster.

Garcia is trying to work back to the big leagues after spending this year in Triple-A. The righty had a nice year for Washington’s top affiliate. Garcia saved 20 games and turned in a 3.94 ERA through 61 2/3 innings. He struck out a massive 34.1% of opposing hitters. That came with a fair number of free passes, as an 11.5% walk rate is perhaps the biggest reason he didn’t get an MLB look.

The 30-year-old Garcia has pitched in parts of four big league campaigns between five teams. He has struggled to a 7.32 earned run average over 35 2/3 innings. His most recent MLB action came with 10 appearances between the Athletics and Nationals in 2023. Garcia hasn’t carried over much bat-missing ability to the highest level. His 12.4% career strikeout rate is well below average.

New York has made a couple bullpen depth additions since the offseason began. They gave Dylan Covey a major league contract last week. The 40-man spot gives Covey a leg up on Garcia and whichever other relievers the Mets add as non-roster invitees, but there’s likely to be a fair amount of competition for middle relief roles in camp.

Giants, Blue Jays Showing Interest In Ha-Seong Kim

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Ha-Seong Kim is finding interest in free agency’s opening days. Mark Feinsand of MLB.com writes that the Giants have identified him as an early target. Ben Nicholson-Smith of Sportsnet reports that the Blue Jays are also showing interest as they evaluate infield possibilities.

While this is the first substantive tie between Kim and the Giants, that fit had been speculated long before he hit free agency. Giants skipper Bob Melvin managed the infielder for two seasons with the Padres. President of baseball operations Buster Posey has called shortstop a target area. Improving defensively seems like a particular priority, as landing a shortstop could allow San Francisco to slide Tyler Fitzgerald to second base.

Willy Adames is the top free agent shortstop. He could land a six- or seven-year contract. Kim seemed to be on track for four or five years as recently as a few months ago. A season-ending shoulder injury and postseason labrum surgery make it likelier he’ll take a short-term deal. The Padres opted not to issue a qualifying offer, which Kim would almost certainly have declined if he were healthy. San Diego president of baseball ops A.J. Preller has floated a nebulous timeline for the 29-year-old’s return, suggesting he could be out between May and July. Kim’s agent Scott Boras has indicated he could be available earlier in the season, potentially before the end of April.

Kim’s value is driven largely by his glove. He has proven to be a plus defender throughout the infield, at least when he’s at full strength. While some teams could be concerned about his arm in the immediate aftermath of a significant shoulder procedure, Kim had shown a sufficient arm before the surgery to play on the left side of the infield. He’s a roughly league average hitter, compensating for middling power with good contact skills and strong walk rates. Kim hit .233/.330/.370 with 11 homers and 22 stolen bases during his platform year.

He’s also a plus defender at second base, where the Jays would ostensibly target him. Nicholson-Smith reported last night that Toronto had also checked in on Gleyber Torres. Toronto has Bo Bichette returning at shortstop. Between second and third base, they have a handful of internal options who are light on MLB experience (e.g. Will Wagner, Davis Schneider, Addison Barger, Orelvis Martinez, Ernie Clement). Toronto also used Vladimir Guerrero Jr. sporadically at the hot corner.

MLBTR predicted Kim for a one-year pillow contract valued around $12MM. His camp could try to secure a two-year guarantee that allows him to opt out after next season, though it’s not clear if teams are willing to take that risk coming off the injury. The Padres have expressed interest in bringing him back, while the Braves and Mariners are speculative possibilities to pursue middle infield help.

Rays Among Teams To Have Reached Out To Soto

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The Rays are among the teams that have reached out to Juan Soto’s camp since the opening of free agency last week, writes Jon Heyman of the New York Post. Heyman lists a much less surprising additional six teams that have shown interest: the Yankees, Mets, Dodgers, Giants, Blue Jays and Red Sox.

The mere mention of the Rays as a possible Soto suitor is going to be met with plenty of skepticism. It’d be a shock if they made a legitimate push for the market’s top free agent. The Rays have tried to land an elite free agent at least once before, as they reportedly made an offer in the $150MM range to Freddie Freeman before he signed with the Dodgers. That wasn’t too far off the price Freeman ultimately landed, but any offers to Soto would be in a different stratosphere. He should handily top $500MM and could secure a contract between $600MM and $700MM.

While it’s fair to assume the Rays themselves aren’t optimistic about their chances, this is illustrative that they have some money to at least dabble in the middle of free agency. The Rays opened this past season with a payroll around $98MM, per Cot’s Baseball Contracts. They’ve got a little less than $40MM in guaranteed commitments for next year (assuming Wander Franco remains on the restricted list and is not paid). Their arbitration class is projected around $25MM, though they could knock that to the $15MM range with a few non-tenders. Trades of Brandon Lowe or Yandy Díaz would subtract another $10.5MM or $10MM, respectively.

None of that is to say they should be perceived as a realistic threat to the big-market teams on Soto. They’ll probably be more active in free agency than many fans might expect given their general spending habits, though. Another mid-tier strike akin to the $40MM Zach Eflin deal from two offseasons ago could be on the table. Any free agent pursuits are complicated by their uncertain stadium situation after Tropicana Field was severely damaged by Hurricane Milton.

The other teams known to have some interest in Soto are all expected. The Yankees and Mets are widely perceived as the favorites. The Dodgers are at least tied to virtually every free agent of note. The news that Mookie Betts is likely moving back to the middle infield is going to fuel speculation about L.A. making a run at Soto. Giants baseball operations president Buster Posey has spoken about wanting to land a star. The Blue Jays were in the running for Shohei Ohtani last winter. The Red Sox have indicated they could be more active in free agency than they’ve been over the past few winters, although a splash in the rotation market seems much likelier than them landing Soto.

The New York Post reported last week that 11 teams had been in contact with Soto’s reps at the Boras Corporation on the first day of the offseason. That leaves at least four unknown clubs, though Heyman casts some doubt on the Nationals and Cubs as possibilities. Heyman suggests that Washington is unlikely to spend at the level necessary to bring Soto back. He writes that Chicago’s offseason plans are more geared towards pitching at the moment.

Soto’s free agency should carry for multiple weeks. USA Today’s Bob Nightengale wrote this afternoon that the four-time All-Star plans to have an in-person meeting with the ownership group of each team making a serious pursuit.

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