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MLBTR Podcast: The Mets Sign Jorge Polanco, And The Braves, Blue Jays And Royals Make Moves

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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 Steve Adams of MLB Trade Rumors to discuss…

Check out our past episodes!

  • Winter Meetings Recap – listen here
  • An Agent’s Perspective with B.B. Abbott – Also, Cease, Williams, Helsley, And Gray – listen here
  • Some “Classic Baseball Trades,” Nimmo For Semien, And Ward For Rodriguez – listen here

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

Photo courtesy of Nick Turchiaro, Imagn Images

Cubs To Re-Sign Caleb Thielbar

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Dec. 17: Thielbar is guaranteed $4.5MM on the contract, reports Patrick Mooney of The Athletic. That breaks down as a $4MM salary and a $500K buyout on a 2027 mutual option. There are also incentives in the deal that can boost his 2026 earnings.

Dec. 16: The Cubs are re-signing veteran left-handed reliever Caleb Thielbar, per Jesse Rogers and Jeff Passan of ESPN. The agreement between the two parties is still pending the completion of a physical. Thielbar is represented by ISE Baseball.

Thielbar, 39 in January, spent his entire big league career prior to the 2025 season with his hometown Twins. He signed a one-year, $2.75MM contract coming off a down showing in his final year with Minnesota and bounced back in a major way with Chicago.

In 58 innings this past season, the South Dakota State product notched a sharp 2.64 earned run average and 25 holds — the latter tying him with Brad Keller (also a free agent this winter) for the team lead. Thielbar struck out 25.5% of his opponents, limited walks at an excellent 5.9% clip, and kept 40.7% of the batted balls against him on the ground (a career-high mark). He tacked on another 3 2/3 scoreless frames in the postseason.

While he doesn’t throw particularly hard (92.8 mph average fastball in ’25), Thielbar still managed to post a roughly average swinging-strike rate and an above-average strikeout rate thanks to dominant performances from his curveball and slider alike. Opponents hit just .135 and slugged .231 against the former while batting .169 and slugging .254 versus the latter. Thielbar dominated left-handed hitters (.161/.211/.276) and right-handed hitters (.205/.248/.342) alike during his lone season with the Cubs.

Thielbar is the third free-agent addition to the Cubs’ bullpen this winter, joining fellow southpaw Hoby Milner (one year, $3.75MM) and right-hander Phil Maton (two years, $14.5MM). Thielbar and Milner give manager Craig Counsell a pair of experienced southpaws, both of whom he’s previously managed, and create the potential for a trio of southpaws, should Luke Little also make the club. Thielbar, Milner and Maton will combine to help bridge the gap between the rotation and young closer Daniel Palencia.

There’s still room for Chicago to make further additions to the bullpen, which has at least three spots earmarked for relatively untested arms. Each of their bullpen pickups thus far has also been relatively low-cost in nature, leaving room for a significant addition elsewhere on the roster. The Cubs have been at least loosely tied to top free agents like Ranger Suarez, Tatsuya Imai, Alex Bregman and Eugenio Suarez, among others.

Giants, Gregory Santos Agree To Minor League Deal

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The Giants have agreed to a minor league deal with right-handed reliever Gregory Santos, as first reported by Mike Rodriguez. He’ll be in major league camp as a non-roster invitee next spring.

The 26-year-old Santos returns to the club with which he made his major league debut back in 2021. While he originally signed with the Red Sox as a teenager back in 2016, Santos was flipped to the Giants organization a year later as part of the team’s return for infielder Eduardo Nuñez. Santos spent four-plus seasons in the Giants’ system before making brief appearances in the majors in both 2021 and 2022. He wound up pitching only 5 2/3 innings as a Giant before being traded again — this time to the White Sox in exchange for minor league righty Kade McClure.

Santos was a key late-inning arm for the Sox in 2023, totaling a career-high 66 1/3 innings with a 3.39 earned run average, five saves and six holds. He fanned a solid 22.8% of his opponents, walked just 5.9% of the batters he faced and kept a hearty 52.8% of his opponents’ batted balls on the ground — all while averaging a blazing 98.9 mph on his sinker.

Santos spent only one season with the South Siders, who sold high and flipped him to the Mariners in exchange for a pair of prospects (outfielder Zach DeLoach and righty Prelander Berroa) as well as a Competitive Balance draft pick (used to select high school lefty Blake Larson). Santos spent parts of two seasons with the Mariners but only tallied 14 1/3 innings in the majors, as injuries repeatedly shelved him for extended periods of time. A significant lat strain, biceps inflammation and knee surgery combined to just 26 2/3 innings total — majors and minors combined — during his two seasons with the M’s, who non-tendered Santos last month.

If Santos is back to full health this spring, he’s a nice flier with a bit of upside to add to the bullpen competition. He won’t turn 27 until next August and was still sitting 98 mph with his sinker this past season, even amid the ongoing injury woes. Santos doesn’t miss bats at a plus level like one might expect from someone with his huge velocity, but he’s shown the ability to limit walks and rack up grounders at a high clip. If he’s added to the big league roster at any point, Santos still has a minor league option remaining and is under club control via arbitration for at least three more seasons.

The Opener: Giants, Lefty Relievers, Posting Windows

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Here are three things we’ll be keeping an eye on around the baseball world today:

1. Giants 40-man roster moves incoming:

The Giants signed right-handers Adrian Houser and Jason Foley to major league deals yesterday, and in doing so created in a logjam on their 40-man roster. San Francisco’s roster was already at capacity before those signings, so they’ll need to make a pair of corresponding moves in order to finalize those additions. Those transactions could be simply designating two other players for assignment, but it’s also possible that the Giants could look to work out a trade of some kind that clears 40-man roster space.

2. Market for lefties heating up:

While the bullpen market has been buzzing virtually the entire offseason, the market for specifically left-handed relief pitching had been a bit quieter until recently. As of early last week, Gregory Soto was most notable lefty to sign, but that dam has broken. Hoby Milner and Tyler Alexander signed late last week, and things picked up further yesterday with a trio of agreements: Caleb Thielbar returned to the Cubs after a strong rebound season, Drew Pomeranz signed with the Angels, and the Reds landed Caleb Ferguson. With that group off the board, the most notable lefties still on the market include Sean Newcomb, Taylor Rogers, Justin Wilson and Danny Coulombe.

3. Posting windows for Song, Murakami nearing their end:

When international players are posted for MLB teams, they’re given a limited window during which to sign. That window lasts 30 days for players coming over from the KBO, while NPB players have 45 days. Two such players are having their windows draw to a close in the next few days: KBO infielder Sung Mun Song, who will need to sign by December 21 at 4pm CT, and NPB slugger Munetaka Murakami, who will need to sign by December 22 at 4pm CT.

Murakami is by far the more well-known player, heralded for his youth and prodigious power despite concerns about his contact ability. He should land a healthy multi-year deal in free agency, though his camp has kept things very quiet to this point. Song hasn’t garnered as much fanfare but is coming off a pair of terrific seasons, wherein he combined to his .327/.397/.524 with a 10.5% walk rate and just a 14.3% strikeout rate.

Giants To Sign Adrian Houser

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The Giants and righty Adrian Houser are in agreement on a two-year, $22MM contract, reports ESPN’s Jeff Passan. There’s a club option for a third season. Houser, a client of the BBI Sports Group, will presumably step right into San Francisco’s rotation next season after a rebound showing in 2025. The Giants, who also announced a one-year deal with former Tigers closer Jason Foley less than an hour ago, will need to free up a pair of 40-man roster spots, as they were already at capacity prior to either of those two agreements.

Houser, who’ll turn 33 in February, was a steady presence in the Milwaukee rotation for several years. From 2021-23, Houser started 68 games for the Brewers (in addition to five relief outings) and logged a 3.94 ERA. His 17.6% strikeout rate and 9.4% walk rate were both worse than average, but Houser piled up grounders at a 51.3% rate and managed to consistently avoid the long ball (0.83 HR/9).

The Brewers traded Houser to the Mets in the 2023-24 offseason, ahead of what was set to be his final season of club control. He struggled through his lone year in Queens (5.84 ERA in seven starts and 16 relief outings) before being designated for assignment and cut loose. He wound up settling for a minor league contract with the Rangers in free agency last winter. Texas didn’t bring him up to the big leagues prior to an opt-out date, so Houser returned to the market and signed a big league deal with the White Sox — a decision that now stands as a turning point in his career.

Houser hit the ground running and never looked back. In 11 starts with the ChiSox, he pitched 68 2/3 innings of 2.10 ERA ball. As was the case in Milwaukee, Houser posted a strikeout rate well shy of the 22% league average (17.1%), but he did so with better command (8% walk rate) and even fewer round-trippers (0.39 HR/9). Houser’s home run suppression didn’t seem sustainable; only 4.6% of the fly-balls he surrendered with the Sox turned into homers — miles south of the league-average 11.9% mark and his own career mark of 11.5%.

Following a trade to Tampa Bay, Houser indeed saw his home run luck run out. His homer-to-flyball rate jumped to 11.9%, and he averaged 1.12 homers per nine frames. The resulting 4.79 ERA was pretty closely in line with his 4.62 SIERA with Chicago. Still, Houser proved a durable source of innings down the stretch for the Rays, pitching 56 1/3 frames across 10 starts. Overall, he finished out the season with a 3.31 ERA, 17.8% strikeout rate, 7.3% walk rate, 48.9% ground-ball rate and 0.73 HR/9.

Houser will slot into new skipper Tony Vitello’s rotation behind Logan Webb, Robbie Ray and Landen Roupp. The Giants have a host of candidates for the fifth and final spot on the staff, including (but not limited to) Blade Tidwell, Carson Seymour, Kai-Wei Teng, Trevor McDonald, Hayden Birdsong and well-regarded prospect Carson Whisenhunt.

The Giants have been on the hunt for rotation help this winter, and while they’ve been connected to some of the more prominent names on the market, ownership has publicly expressed a reluctance to commit long-term to a starting pitcher. That’s made fits with pitchers like Tatsuya Imai, Framber Valdez and Ranger Suarez seem unlikely, though it’s at least plausible that the Giants could look to further augment their starting staff via the trade market or another shorter-term deal such as today’s Houser agreement.

Given Houser’s inconsistent track record, lack of missed bats and generally unsustainable level of home run suppression with the White Sox, it’s a fairly steep price for the Giants to pay. Then again, San Francisco’s Oracle Park is one of the most pitcher-friendly venues in the sport. Oracle Park is particularly tough on left-handed home run power, which dovetails nicely with Houser’s skill set. He held right-handers to an awful .249/.293/.320 batting line in 2025 (.234/.296/.339 career) but was tagged by lefties for a .274/.356/.456 batting line last season (and .282/.367/.456 for his career).

The addition of Houser pushes San Francisco to about $203MM of luxury tax obligations, per RosterResource. The Giants are more than $40MM shy of the $244MM first-tier threshold. However, while they’ve paid the tax in the past — doing so as recently as 2024 — it’s not clear whether they’re comfortable doing so in 2026. Ownership comments downplaying the possibility of adding additional long-term deals would suggest at least some trepidation about spending to those heights.

The Giants are still looking for help in the outfield, at second base and/or in the bullpen. While the top-end free agents to whom they were loosely linked earlier in free agency (e.g. Imai, Valdez) don’t seem like realistic targets, barring an about-face from ownership on the team’s stance regarding long-term commitments, there are still various avenues to pursue. Free agency offers no shortage of veteran hitters and relievers available on short-term deals, and San Francisco is reportedly among the teams most aggressively pursuing Cardinals infielder/outfielder Brendan Donovan.

President of baseball operations Buster Posey presumably has several more moves up his sleeve, and while the addition of Houser doesn’t necessarily raise the team’s ceiling much, it does boost the floor of a rotation that was pretty rife with question marks beyond the veteran Webb/Ray tandem up top.

Steven Matz To Compete For Rotation Spot With Rays

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The Rays finalized their two-year, $15MM deal with Steven Matz on Tuesday afternoon. The veteran lefty came out of the bullpen for all but two of his 53 appearances this past season, but he’ll have a chance to win a rotation spot out of Spring Training.

“There’s a real desire on his end to want to start and give that a real shot again, despite his success last year out of the bullpen, and we just believe that he has the the ability to do it,” president of baseball operations Erik Neander told Marc Topkin of The Tampa Bay Times. “So we’re going to give him the opportunity to prepare as a starter, to come in and try to lock down a day.”

Matz signed as a starter with St. Louis over the 2021-22 offseason. He battled injuries in each of the first three seasons of that four-year contract. He suffered a shoulder impingement and a knee sprain in ’22. A lat strain shelved him the following season, while it was his back that proved problematic in 2024. The stop-and-start seasons and inconsistent production quickly pushed him into a swing role. Matz wound up making just 35 starts — compared to 48 relief outings — over three and a half seasons with the Cardinals. He pitched to a 4.68 ERA despite solid strikeout (22.6%) and walk (6.4%) rates out of the rotation. The Red Sox used him in short relief after picking him up at last summer’s trade deadline.

The 34-year-old Matz held up as a starter earlier in his career. He topped 150 innings each full season between 2018-21. He allowed around four earned runs per nine in each year, generally performing at a league average level. Matz still has plus command and hasn’t much changed his repertoire even when pitching in shorter stints. He leans most heavily on a 94 MPH sinker while mixing in a curveball and a changeup, the latter pitch almost exclusively against right-handed batters. Righties have posted a .276/.322/.446 line over the past four seasons, while he has held same-handed opponents to a .225/.280/.339 mark.

At the moment, Matz projects as the fifth starter behind Drew Rasmussen, Ryan Pepiot, Shane McClanahan and Shane Baz. Virtually none of that is set in stone. Rasmussen is a top-of-the-rotation caliber starter but has a lengthy injury history. McClanahan hasn’t thrown a major league pitch in two seasons. Pepiot and Baz have come up in trade rumors. The former has only been mentioned in the context of a potential Ketel Marte blockbuster, but the Rays could be more open to a change-of-scenery deal on Baz given his inconsistency. It’s possible the Rays acquire another starter via trade or free agency. Second-year lefty Ian Seymour would be Matz’s top competition for a rotation spot if they don’t make any further moves.

A’s Made Four-Year Offer To Ha-Seong Kim

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Ha-Seong Kim is back in Atlanta after signing a $20MM deal to remain the club’s starting shortstop. He took a one-year contract that’ll allow him to get back to free agency after what he hopes to be a healthy season. ESPN’s Jeff Passan reported last night that Kim had declined multi-year offers.

Ken Rosenthal of The Athletic writes that the A’s proposed a four-year, $48MM deal. It’s unclear if that would have included any opt-out opportunities, though it seems safe to assume they wouldn’t have risked a four-year commitment that allowed him to opt out after just one season. The A’s have a franchise shortstop in Jacob Wilson but are looking for second and/or third base help.

Kim bet on himself with a straight one-year deal at a higher rate. Gleyber Torres accepted a qualifying offer, while Jorge Polanco commanded $20MM annually on a two-year contract from the Mets. The A’s certainly aren’t going to sign Bo Bichette or Alex Bregman to contracts north of $150MM. Rosenthal writes that NPB stars Munetaka Murakami and Kazuma Okamoto are also expected to be out of their price range. Eugenio Suárez might be a long shot, as he command a similar annual salary to Kim and Polanco over two or three years.

There’s a significant drop from there in free agency. Willi Castro, Isiah Kiner-Falefa, Yoán Moncada, Luis Rengifo and KBO hitter Sung-mun Song are all one-year deal candidates. Song and Castro are probably the best bets to command a multi-year contract. The former at least comes with some intrigue as an upside play after consecutive strong seasons in Korea, but scouting reports raise questions about his pure hitting ability. The market for Song has been quiet publicly, but he’ll need to sign by Sunday or stay with the KBO’s Kiwoom Heroes for the ’26 season.

The second base trade market has gotten more attention. Ketel Marte and Brendan Donovan are the prizes, but the A’s aren’t great fits in either case. Marte’s six-year, $102.5MM contract is well below market value but would easily be the largest deal in A’s history. Donovan is affordable for any team, but the Cardinals are prioritizing controllable starting pitching. The A’s have a few talented arms (e.g. Luis Morales, Jacob Lopez, Braden Nett) who might appeal to St. Louis, but a lack of rotation depth is already the roster’s biggest flaw.

The Rays are open to offers on Brandon Lowe, who’ll make $11.5MM in the final year of his contract. Rosenthal writes that Tampa Bay isn’t interested in accepting a lowball offer merely to shed the salary. President of baseball operations Erik Neander said at the Winter Meetings that the Rays would be happy carrying Lowe and Yandy Díaz into the season. The Mets are shopping Jeff McNeil, but they’d probably need to eat a portion of the $17.75MM remaining on his deal. Impending free agents Nico Hoerner and Jazz Chisholm Jr. have come up loosely in trade rumors yet seem unlikely to move.

Speculatively speaking, Jake Cronenworth could be a potential fit. The Padres owe him $12MM annually through 2030. That’s a year longer than the A’s were willing to go on Kim but matches the average annual value they offered over four. A willingness to spend $12MM per season on Kim doesn’t necessarily mean they’d do the same for Cronenworth, who is a superior hitter but not as good a defender. Still, the Padres have looked for ways to clear payroll space to free money for their own rotation needs, so it’d make sense for the teams to explore trade scenarios.

Marlins Re-Sign Brian Navarreto To Minor League Deal

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The Marlins brought back catcher Brian Navarreto on a minor league contract, reports Kevin Barral of Fish On First. He had elected minor league free agency after being outrighted off the 40-man roster at the beginning of the offseason.

Navarreto, 31 later this month, is an organizational depth type. He made a two-game big league debut in the shortened season when the Marlins were dealing with a virus outbreak. He got back to the highest level five years later, this time as a September call-up. The Puerto Rico native picked up four hits, including a home run, in eight games while spending the final month of the season on the active roster.

A right-handed hitter, Navarreto owns a .234/.301/.369 batting line over parts of five Triple-A seasons. He has appeared in the Minnesota, Yankees, and Milwaukee systems in addition to his time with Miami. He’s very likely headed back to Triple-A Jacksonville. Navarreto can work behind prospect Joe Mack at the top minor league level.

Mack figures to earn a call-up relatively early next year, which might open some playing time for Navarreto in Triple-A. He’s also an option to compete for the backup job if either Liam Hicks or Agustin Ramirez suffers an injury in Spring Training, assuming the Fish want to keep Mack in the minors to open the year.

Angels Sign Drew Pomeranz

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The Angels announced the signing of lefty reliever Drew Pomeranz to a one-year deal. It’s reportedly a $4MM guarantee for the CAA client. The Angels had five openings on the 40-man roster and are now up to 37 between this and their signing of right-hander Jordan Romano.

Pomeranz earned a big league deal after a comeback season with the Cubs. The 37-year-old southpaw had not appeared in an MLB game between 2022-24, as a brief stint on the Giants MLB roster in ’24 didn’t result in any game action. He began this past season on a minor league contract with the Mariners. Pomeranz posted big strikeout numbers against Triple-A opposition to convince the Cubs to add him to the MLB bullpen. He exercised an upward mobility clause in his contract to head to Chicago in mid-April.

It worked out quite nicely. Pomeranz tossed 49 2/3 innings of 2.17 ERA ball across 57 appearances. That included a remarkable stretch to begin the season, as he didn’t allow a single earned run in his first 26 outings. He hit a rough patch in July but rebounded with a 2.21 mark in 20 1/3 innings from the beginning of August through season’s end. Pomeranz fanned 28.1% of opposing hitters against a 7.4% walk percentage. While the Cubs didn’t use him in a ton of high-leverage situations, he recorded 14 holds while giving up the lead just twice.

Pomeranz leaned very heavily on his four-seam fastball. He threw the pitch three quarters of the time to right-handers and at an 84% clip against southpaws. It’s not going to blow hitters away on speed alone. His 92.7 MPH average velocity is middling. Pomeranz ranked near the top of the league in fastball spin, which allowed the pitch to play above its velocity at the top of the strike zone. That could put him in danger of home run issues, but it also led to a lot of harmless fly balls and a decent swinging strike rate. His only secondary pitch is an 83-84 MPH knuckle-curve that played more as a ground-ball offering.

The Angels need to do a lot of heavy lifting in the bullpen. Closer Kenley Jansen is headed to Detroit on an $11MM deal. They’re moving Reid Detmers back to the rotation, taking their top setup man out of the mix. Pomeranz pairs with Brock Burke to give rookie manager Kurt Suzuki a couple solid options from the left side. Burke has had neutral platoon numbers over the course of his career. Pomeranz doesn’t need to be in a specialist role but is probably the superior option against teams’ best left-handed bats. He held southpaws to a .176/.238/.203 line with a massive 35% strikeout rate in 80 plate appearances this year.

Their right-handed options are weaker even if they finally get a healthy season out of Robert Stephenson. They should continue to look for leverage arms from the right side. Their agreement with Pomeranz and $2MM rebound flier on Romano push their projected payroll to $172MM, according to RosterResource. They carried a $193MM payroll to begin the 2025 season. There’s a decent amount of space but a lot of work to be done. The Angels need another starter, at least one multi-positional infielder, and a center fielder. That’s on top of whatever moves are yet to come in the bullpen.

Pomeranz is the third free agent lefty reliever to come off the board today. Now former teammate Caleb Thielbar is headed back to the Cubs, while Caleb Ferguson agreed to terms with the Reds. Sean Newcomb, Danny Coulombe, Justin Wilson and Taylor Rogers are among those who remain unsigned.

Ari Alexander of Boston 7 News first reported that Pomeranz and the Angels had a one-year deal. Jeff Fletcher of The Orange County Register was first on the $4MM guarantee. Image courtesy of Patrick Gorski, Imagn Images.

Angels Sign Jordan Romano

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The Angels announced the signing of veteran reliever Jordan Romano to a one-year contract. It’s reportedly a $2MM guarantee for the VC Sports Group client. The Angels had five openings on the 40-man roster and are now up to 37 between this and their signing of left-hander Drew Pomeranz.

It’s a reclamation flier on a former All-Star closer. The Canadian-born Romano recorded consecutive 36-save seasons for the Blue Jays in 2022 and ’23. He went to the Midsummer Classic in both years and had a sub-3.00 earned run average each season between 2021-23. Things have gone completely off the rails over the past two seasons. Romano allowed a 6.59 ERA in 15 appearances before undergoing arthroscopic elbow surgery in 2024. The Jays non-tendered him heading into his final year of arbitration.

That worked out well for him from a financial perspective. Romano had been projected for a $7.75MM arbitration salary but found an $8.5MM guarantee from the Phillies in free agency. Philadelphia was not able to get him back on track, as he surrendered an even uglier 8.23 ERA across 42 2/3 frames. He was one of three pitchers to get to 40+ innings while allowing at least eight earned runs per nine innings. Romano’s season ended in August when he was diagnosed with a middle finger injury on his throwing hand as well as stiffness in his neck.

It’s surprising to see Romano command a major league contract at all, though the $2MM salary won’t make a huge dent on the Angels’ books. Romano still has a 95-96 MPH fastball and a promising mid-80s slider. He struck out a quarter of opponents behind a solid 11.8% swinging strike rate for the Phillies. There’s still some promise in his raw stuff, but he’ll need to avoid the injuries and home run barrages that have tanked his past couple seasons.

Tonight’s signings push the Angels’ projected payroll to $172MM, according to RosterResource. They carried a $193MM payroll to begin the 2025 season. Romano should start the year in low-leverage relief, leaving the club in need of a true right-handed setup man. They’re hoping for a healthy season from Robert Stephenson, who is the favorite to replace Kenley Jansen as closer. Ben Joyce is a question mark after undergoing shoulder surgery in May. Ryan Zeferjahn, José Fermin, Chase Silseth, Sam Bachman and Cody Laweryson are among their other right-handed options. It’s a clear area of need — alongside starting pitching, an infielder, and center field — for the remainder of the offseason.

ESPN’s Jeff Passan was first on the signing and terms. Image courtesy of Katie Stratman, Imagn Images.

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