Latest On Cardinals’ Bullpen Trade Candidates

Cardinals lefty Steven Matz has drawn some trade interest as the July 31 deadline inches closer, reports Derrick Goold of the St. Louis Post-Dispatch (video link, bullpen talk beginning around the 4:10 mark). “There are a handful of teams at least poking around on Matz,” per Goold. He adds that the Cardinals will also likely be open to offers on righty Phil Maton but would need a very strong offer to trade closer Ryan Helsley, who could receive a qualifying offer if he’s not moved.

[Related: St. Louis Cardinals Trade Deadline Outlook]

Matz, 34, is in the final season of a four-year, $44MM contract. He’s being paid $12MM this season and has about $4.65MM of that sum yet to be paid out. By the time deadline day rolls around, he’ll have about $3.8MM to go on that contract.

While the four-year deal hasn’t panned out as hope — Matz was injured/ineffective in both 2022 and 2024 — the 2025 season has been a good one for the veteran lefty. Matz has pitched well in two starts (nine innings, one run, 11 strikeouts, no walks) but has spent the majority of the season working in a multi-inning relief role. He’s pitched to a 3.35 ERA in 51 innings overall, fanning 21.4% of his opponents and limiting walks at a terrific 4.3% clip. He’s hit a rough patch of late, allowing nine runs in his past dozen innings, but it’s generally been a nice rebound year for the southpaw.

Goold adds that Matz has drawn interest from teams looking to fill a variety of roles. He obviously has a long track record as a starter and is pitching in multi-inning stints right now. It’d be possible to stretch Matz back out as a relatively under-the-radar target for teams seeking to fortify the back end of the rotation. Conversely, Matz has clear value in his current multi-inning role, and he has the stuff and results to succeed in a more traditional single-inning setup role.

Maton, 32, has been one of the top bargain pickups of the offseason. He surprisingly languished on the free-agent market into March despite a nice 2024 season — really, a nice three-year run from 2022-24 — and ultimately signed for a modest $2MM guarantee with the Cards. He’s been a key arm in the St. Louis bullpen, pitching 35 1/3 innings with a 2.55 ERA, a 30.4% strikeout rate rate and a 9.5% walk rate. That strikeout rate would be a career-best in a 162-game season.

The lack of interest in Maton may have stemmed from some worrying trends with regard to his velocity. He’s never been a hard-thrower, but last year’s 88.7 mph average on his cutter and 87.5 mph average on his sinker were steps down from the prior season (and a career-worst with regard to his sinker). He’s added about two miles per hour to each pitch in 2025, sitting 90.4 mph on his cutter and 89.5 mph on his sinker.

It’s still below-average velocity, but this is the fourth straight year that Maton has enjoyed success with meager heat on his pitches — and he’s only owed about $774K more of this year’s salary as of this writing ($634K after deadline day). Budget-crunched teams seeking a reliable setup arm should have interest. Maton has already tied a career-high with 18 holds, and he’s picked up a pair of saves as well.

As for the 31-year-old Helsley, he’s enjoying a strong season overall but hasn’t matched his 2024 dominance. Last year, the flamethrowing righty notched a 2.04 ERA with an NL-best 49 saves while fanning 29.7% of his opponents. This season, he’s pitched to a 3.27 ERA with a 24.8% strikeout rate, a 9.7% walk rate and 19 saves. He’s still owed about $3.17MM of this year’s $8.2MM salary (a number that’ll dip to $2.6MM by the day of the deadline itself).

Last year’s qualifying offer clocked in at $21.05MM. That number figures to rise this season. It’d be a steep price to pay for one year of any reliever, but there’s a good chance Helsley would still reject the QO and look for a lucrative multi-year contract. He won’t command an AAV that strong on a longer-term deal, but this offseason will represent his best chance to cash in on a long-term deal.

There’ll surely be some temptation to accept that sizable one-year deal and test the open market post-2026, without the burden of draft pick compensation, but doing so runs the risk of incurring an injury or major downturn in performance next year. Relief pitching is immensely volatile on a year-to-year basis. There’s also the looming specter of a potential lockout in the 2026-27 offseason, given the Dec. 2026 expiration of the current collective bargaining agreement. Having a multi-year deal in place is surely preferable to being a free agent in such an uncertain offseason.

If Helsley were to reject a QO and sign for more than $50MM total — which seems quite attainable — the Cardinals would receive a compensatory pick after the first round in the 2026 draft. Any return on Helsley would need to reflect that. It’s also possible the Cardinals have some hope of keeping Helsley, whether via that one-year QO or perhaps by negotiating a multi-year extension after making said offer. Helsley has said in the past that he’d love to stay in St. Louis long-term.

Any decisions on Helsley — and, to a lesser extent, Matz and Maton — will hinge on the Cardinals’ play in the early stages coming out of the All-Star break. At 51-46 on the season, they’re currently 6.5 games back of the division-leading Cubs but only 1.5 games back of the final Wild Card spot in the National League.

The Cardinals open the season’s second half with a pivotal three-game road set against a D-backs club in a similar position of needing to string together some wins to avoid a notable deadline sell-off. The Cardinals, 22-26 on the road versus 29-20 at home, will send Andre Pallante, Sonny Gray and Miles Mikolas to the mound. Arizona will counter with Brandon Pfaadt, Ryne Nelson and Merrill Kelly. The Cardinals then head to Colorado for three games before hosting the Padres and Marlins in their final two series prior to the July 31 trade deadline. With a strong performance over the next 12 games, they could opt to hold onto most of their veterans and look to add pieces, while a string of series losses could be the deciding factor in trading away short-term veterans.