Phillies, Jesús Luzardo Agree To Extension

The Phillies and left-hander Jesús Luzardo have agreed to an extension, according to various reports. He was previously slated for free agency after 2026. It’s reportedly a five-year pact starting in 2027, which guarantees the Roc Nation Sports client $135MM. There is also a $32.5MM club option, though Luzardo can boost that by $2MM with each top five Cy Young finish, giving him a chance to potentially raise it as high as $42.5MM. He will receive a $1MM assignment bonus each time he is traded until he reaches 10-and-5 rights.

Luzardo, 28, was once one of the top pitching prospects in baseball and he has established himself as a legit big league arm in the past few years. With the Marlins in 2022 and 2023, he made 50 starts and logged 279 innings, allowing 3.48 earned runs per nine. His 7.9% walk rate and 40.1% ground ball rate were close to league average as he struck out a strong 28.7% of batters faced. His four-seamer and sinker both averaged in the upper 90s while he also made good use of a mid-80s changeup and slider.

He had a bit of a dip in 2024. He missed time due to some elbow tightness and also due to a lumbar stress reaction. He only made 12 starts on the year and had a flat 5.00 ERA. The Phils still liked the player enough to take a chance on him going into 2025. They sent prospects Starlyn Caba and Emaarion Boyd to the Marlins in exchange for Luzardo and Paul McIntosh.

The bet paid off, as Luzardo returned to form in 2025. He made 32 starts and threw 183 2/3 innings with a 3.92 ERA, 28.5% strikeout rate, 7.5% walk rate and 42.8% ground ball rate. He also made two postseason appearances with a 2.35 ERA. He finished seventh in National League Cy Young voting.

As mentioned, 2026 was slated to be Luzardo’s final arbitration season before he would become a free agent. He and the Phils avoided arbitration by agreeing to an $11MM salary for this year. He could have played out the campaign and would have been in position for a strong contract if he had another good season. He’s currently 28 years and old, turning 29 in September.

The top free agent deals for starting pitchers have been around $200MM in recent years, with Max Fried, Corbin Burnes and Dylan Cease all getting to that range. Fried got $218MM. The latter two got $210MM, both with notable deferrals.

Luzardo hasn’t quite put up the same kind of results as those guys. Burnes and Fried have posted ERAs under 3.00 pretty regularly. Cease has had a more wobbly ERA but with comparable strikeout and walk rates to Luzardo with greater availability. Luzardo would have been younger than everyone in that group, however. Cease and Burnes signed their deals going into their age-30 seasons, while Fried was going into his age-31 campaign.

Players who sign extensions a year from the open market generally sacrifice a bit of upside in exchange for the security of locking in a deal that is still quite large. Dating back to 2017, the top extension for a pitcher with service time between five and six years was $131MM over seven years for José Berríos.

Like Luzardo, Berríos was going into his age-28 season and would have been a free agent ahead of his age-29 campaign. Berríos was also generally a guy with an ERA in the 3.50 range, though with greater durability. Berríos agreed to his deal before working out a salary for his final arbitration season. When considering the $11MM Luzardo is getting in 2026, he will make $146MM over the next six years.

Waiting until after 2026 to sign could have led to an even greater contract, but it also would have come with risk. In addition to his aforementioned 2024 injuries, Luzardo also missed a few months due to a forearm strain in 2022. A notable injury in 2026 could have led to him heading into the winter with significantly less earning power, so he is taking the proverbial bird in the hand with this deal.

For the Phils, they have not been shy about spending money on starting pitching. Going into the 2020 season, they signed free agent Zack Wheeler via a five-year, $118MM deal. Ahead of the 2023 season, they gave Taijuan Walker $72MM over four years. Going into 2024, they brought back Aaron Nola with a seven-year, $172MM pact. They then extended Wheeler for $126MM over three years. They also recently locked up Cristopher Sánchez, who was still in his pre-arbitration years, with a four-year deal worth $22.5MM.

Going into 2026, Wheeler may start the season on the injured list but could be back fairly early. For the 2026 season, health permitting, the four primary starters will be Wheeler, Nola, Sánchez and Luzardo. The fifth could be Walker but also could be prospect Andrew Painter.

Looking ahead to 2027, Luzardo was slated for free agency and Walker as well. That would have left the Phillies with a core of Wheeler, Nola and Sánchez. Wheeler is signed through 2027 and plans to retire after that. Painter could theoretically fill one spot but he’s a big question mark right now. Tommy John surgery wiped out his 2023 and 2024. He was back on the hill in 2025 but posted a 5.40 ERA in Triple-A.

Rather than waiting until next winter to address the 2027 rotation, they have proactively signed Luzardo to stick around. Since this appears to be a new contract, it shouldn’t impact the 2026 competitive balance tax. Luzardo will still have an $11MM hit this year. For the five years from 2027 to 2031, he’ll have a $27MM hit, the average annual value of his $135MM guarantee for those years.

The long-term books have a lot on them. As far out as 2030, the Phils have Nola, Luzardo, Kyle Schwarber, Bryce Harper and Trea Turner all signed to deals with CBT hits of over $24MM. RosterResource already projects the club for a CBT number of almost $160MM for that 2030 season, before factoring in arbitration players or any other deals signed between now and then. But the Phils have generally been fine spending on the guys they like as they keep this core going.

For any club who was hoping to make a run at Luzardo next winter, they will have to consider other options. The 2026-27 free agent class already feels a bit light and will now have one fewer marquee name. Tarik Skubal will headline the group of starting pitchers, followed by guys like Freddy Peralta, Kevin Gausman and others. Burnes, Sonny Gray and Tatsuya Imai and others could shake things up by opting out of their deals.

Jeff Passan of ESPN first reported the two sides had agreed to a five-year deal starting in 2027. Jim Salisbury of NBC Sports Philadelphia first reported the $135MM guarantee. Robert Murray of FanSided reported the option details. Jon Heyman of The New York Post reported on the assignment bonus. Photos courtesy of Brett Davis, Jonathan Dyer, Imagn Images

Julio Teherán Announces Retirement

Veteran righty Julio Teherán announced this afternoon that he’s officially retiring from baseball (Spanish-language video provided by Francys Romero). The 35-year-old was on the roster for his native Colombia during this year’s World Baseball Classic. Unfortunately, he had to be scratched from his scheduled start against Canada on Saturday after experiencing shoulder discomfort during warm-ups.

Although Teherán hasn’t been a factor at the MLB level in recent seasons, he had a strong career. A two-time All-Star, he pitched parts of 13 years in the big leagues. Teherán spent the bulk of his career with the Braves, who signed him for $850K as an amateur in 2008. He moved quickly through the minors and was one of the sport’s top pitching prospects within a couple years.

Atlanta called Teherán up for his first major league start in May 2011, less than four months after his 20th birthday. He made a handful of appearances over that season and the following year. By 2013, the Braves felt he was ready for a full-time rotation opportunity.

Teherán made 30 starts and turned in a 3.20 earned run average across 185 2/3 innings. He finished fifth in NL Rookie of the Year balloting on a 96-win team that won the NL East. Teherán was hit hard in his one appearance during the Division Series, but he signed a six-year extension that winter and entered the following season as Atlanta’s staff ace.

He’d hold that title for the next few seasons. Teherán made his first of six straight Opening Day starts for the Braves in 2014. Although the mid-2010s were a rough stretch for the team, that wasn’t any fault of Teherán’s. He established himself as a durable and reliable mid-rotation caliber starter.

Teherán topped 200 innings in consecutive seasons between 2014-15. He tossed a personal-high 221 frames of 2.89 ERA ball during his second full MLB campaign, earning an All-Star selection in the process. Teherán was selected back to the Midsummer Classic two years later. He turned in 188 innings of 3.21 ERA ball that year.

The 6’2″ righty only had two minimal injured list stints during his run in Atlanta. He made at least 30 starts every year from 2013-19. He got to 175 innings in all but the last of those seasons (in which he came just one out away from that mark). Teherán posted a combined 3.64 ERA with nearly 1200 strikeouts while ranking ninth in MLB in innings over those seven seasons. The Braves would return to the postseason during his final two years with the club, though he’d pitch out of the bullpen in October.

Atlanta declined a club option after the 2019 season, sending Teherán to free agency for the first time. He landed a $9MM contract from the Angels but was knocked around for 35 runs across 31 1/3 innings during the shortened schedule.

That pushed him into journeyman territory, as he bounced around via minor league deals and spent time in independent ball and the Mexican League. Teherán made brief appearances with the Tigers, Brewers and Mets between 2021-24. His final major league outing came as a member of the Mets against his old club at Truist Park in April 2024. He spent last season in Mexico.

Teherán wasn’t able to pitch in this year’s WBC, but he did earn a win for his home country in the 2017 tournament. He pitched professionally for almost two decades and retires with a sub-4.00 ERA in the big leagues despite his rocky results after leaving Atlanta.

He steps away with a 3.85 mark in nearly 1500 innings. Teherán recorded 1260 strikeouts and posted a near-.500 record (81-82). Baseball Reference credited him with roughly 20 wins above replacement, including 4-5 WAR showings during both of his All-Star seasons. He made north of $45MM in career earnings. Congratulations to Teherán on an excellent run and all the best in retirement.

Image courtesy of Jake Roth, USA Today Sports.

Bryan Hoeing Weighing Elbow Surgery

Padres right-hander Bryan Hoeing may undergo some kind of elbow surgery. Kevin Acee of the San Diego Union-Tribune reports that the righty is rehabbing while he makes a decision about whether or not to go under the knife. Manager Craig Stammen tells Acee that the club expects the decision “relatively quickly.”

Just over a week ago, Hoeing was shut down due to some discomfort in his throwing elbow. Pitching coach Ruben Niebla seemed optimistic that it wouldn’t be a serious issue but perhaps new information has changed things.

Acee doesn’t specify exactly what kind of procedure is possible for Hoeing but most elbow surgeries require significant absences. On the extreme end, Tommy John surgery involves a recovery period of more than a year. Even something less serious like a procedure to remove bone spurs requires several months of recovery. Carlos Rodón underwent surgery for bone spurs in October and is targeting a return in April, a span of about six months.

There’s never a good time for a pitcher to have elbow surgery but right now would be particularly unfortunate for Hoeing. He seemed to have a breakout in 2024, posting a 2.18 earned run average in 53 2/3 innings, but he wasn’t able to build on that in 2025. A right shoulder strain put him on the shelf to start the year. He was activated off the IL in June but was mostly kept on optional assignment and struggled to get in a groove, posting a 4.70 ERA in Triple-A. He would be looking to bounce back in 2026 but surgery could get in the way of that.

Even if he can avoid surgery, Hoeing seems a lock to start the season on the IL. Even with him on the shelf, the bullpen competition looks tight. Acee writes that Kyle Hart is making a strong push for a spot. He has thrown 8 2/3 scoreless innings in spring training action thus far with seven strikeouts, allowing three hits and three walks while hitting one batter. He worked as a swingman last year but struggled, posting a 5.86 ERA in 43 innings.

Left-hander Yuki Matsui is a potential wild card, as he has been battling an adductor strain. Acee says Matsui has resumed defensive drills and throwing from a mound but is still questionable for Opening Day.

On paper, the Padres project to have eight bullpen spots taken by Mason Miller, Adrián Morejón, Jeremiah Estrada, David Morgan, Wandy Peralta, Bradgley Rodríguez, Ron Marinaccio and Matsui. Of those eight guys, Morejón, Peralta, Matsui and Marinaccio can’t be optioned. Of the four who can, Miller surely won’t be. Estrada and Morgan aren’t likely to be sent down either, given their strong results. Rodríguez is more plausible, since he has just seven big league appearances under his belt. Jason Adam is questionable for Opening Day. If he’s healthy, he would likely bump Rodríguez to the minors.

That would make it hard to squeeze in Hart, who does still have an option, unless Matsui starts the season on the IL. Things could also get tightened further when Matt Waldron returns. He is going to start the season on the IL but isn’t expected to miss too much time. He is out of options and would need to squeeze someone out or be squeezed himself, unless further injuries pop up.

Photo courtesy of David Frerker, Imagn Images

Padres Outright Daison Acosta

The Padres announced they’ve outrighted pitcher Daison Acosta. The team hadn’t previously designated the right-hander for assignment. That opens a spot on their 40-man roster, which is now at 39. San Diego also reassigned catching prospect Ethan Salas to minor league camp.

Acosta, 27, has never pitched in the big leagues. He divided most of last season between the top two minor league levels in the Washington system. Acosta qualified for minor league free agency at year’s end. He impressed the Padres enough to command a big league contract and a 40-man spot throughout the offseason.

The Dominican-born reliever has not appeared in any Spring Training games. The Padres evidently placed him on waivers over the weekend. He went unclaimed and will remain in the organization. Acosta should begin the season with Triple-A El Paso. He struggled at that level last year, posting a 4.71 ERA while walking 15% of opponents. He had dominated Double-A opposition, firing 30 innings of 0.90 ERA ball with a strikeout rate above 40%.

It’s not clear if San Diego plans to replace Acosta on the 40-man roster in the coming days. They may simply have been confident that he’d clear waivers. The Padres already had essentially one free spot on the 40-man roster, as they can transfer Yu Darvish to the 60-day injured list as a corresponding move. They have a number of non-roster invitees battling for jobs, with righty Logan Gillaspie among those impressing the club in camp.

Salas received his first invitation to MLB camp this year. The 19-year-old obviously wasn’t under consideration for the Opening Day roster after spending most of last year in High-A. He went 2-9 with a trio of walks. He’ll likely begin the season at Double-A San Antonio.

Offseason In Review: New York Mets

The Mets responded to a disappointing 2025 season by undergoing a major roster overhaul for 2026, all while sticking to the front office’s preference of avoiding long-term commitments.

Major League Signings

2026 spending (not including Melendez): $86.75MM
Total spending (not including Melendez): $240.75MM

Trades and Claims

Option Decisions

Notable Minor League Signings

Extensions

  • None

Notable Losses

The 2025 season was a huge disappointment for the Mets. They had just gone to the NLCS the year before. They added Juan Soto in the offseason. They had every expectation of being one of the best teams in the league and got out to a good start. On June 12th, they had a 5.5 game lead over the Phillies in the National League East. It was all downhill from there. They scuffled through the end of the season, going 21-32 in August and September. They finished 83-79, the same record as the Reds. Cincinnati got the final N.L. Wild Card spot via tiebreaker.

In the clubhouse after the final game of the regular season, just minutes after being eliminated, first baseman Pete Alonso told members of the press he would be opting out of his contract. He had almost departed the prior offseason, only returning after lingering unsigned into February. Edwin Díaz would undoubtedly be opting out as well. A few days after Alonso’s forthright comments, it was reported that the Mets were planning a big shakeup of the coaching staff. Rumors of clubhouse discord would eventually seep out.

It seemed like big changes were possible as the club looked to get in position for a better campaign in 2026. It didn’t take long for the dominoes to fall. There were early offseason trade rumors surrounding longtime Mets like Brandon Nimmo and Jeff McNeil. It wasn’t immediately clear how to take those rumors, especially since Nimmo had been with the club since 2011 and had a full no-trade clause on his deal.

Just three weeks into the offseason, Nimmo was traded to the Rangers for Marcus Semien in a rare one-for-one swap of veterans on big contracts. Nimmo would later say he approved the trade essentially because it seemed like the Rangers wanted him more than the Mets did.

For the Mets, the trade checked a few boxes. On the financial side of things, they actually took on more money in the short term. Nimmo is making $20.25MM in each season of the rest of his deal, Semien $26MM for the next two years and then $20MM in the final season. But Nimmo’s deal still has five years left on it, compared to Semien’s three.

Under president of baseball operations David Stearns, the Mets have shown a preference for higher average annual values on shorter deals. Apart from the Soto pact, which was a special case due to his youth, Stearns hasn’t signed anyone to a deal longer than three years since taking over as the club’s front office leader. That preference was clearly at play in the 2025-26 offseason, with the Nimmo/Semien swap fitting the pattern.

It also shored up the club’s defense, something that was a stated goal. Nimmo was once a center fielder but had largely been in left field in 2024 and 2025, reducing some of his value. Semien, despite being his mid-30s, continues to be a reliably above average second baseman in terms of his defense.

More changes came the following month. On December 1st, it was reported that the Mets would be signing reliever Devin Williams to a three-year, $51MM deal. Many felt that was a lot of money for a guy who’d just posted a 4.79 earned run average, but it’s actually somewhat of a buy-low situation.

Williams was one of the most dominant relievers in baseball prior to his 2025 season in the Bronx. He went into that campaign with a career ERA of 1.83. The ERA spike with the Yanks seemed fluky since his stuff appeared to be the same and he still racked up strikeouts and ground balls. His 55.2% strand rate on the year was bizarrely low, more than 20 percentage points below the rest of his career. ERA estimators like his 2.68 FIP and 2.67 SIERA thought he was pretty close to his previous self. Stearns, who was familiar with Williams from their time together in Milwaukee, is betting that 2025 was indeed a fluke.

That didn’t necessarily close the door on a Díaz reunion. The Mets have almost no real budgetary limitations and certainly had room in the bullpen for two elite relievers. However, it was reported on December 9th that Díaz would be signing with the Dodgers.

That seemed to be a bit of an unusual situation. The three-year, $69MM sticker price was a bit below expectations. The Mets had offered him $66MM over three years, which was arguably a better offer because it reportedly had less deferred money compared to the Dodger deal. Some reports said the Mets were willing to go higher but were a bit caught off-guard when he quickly accepted the offer from Los Angeles. Later reports also said Atlanta put a five-year offer out to Díaz. The dollar value of that offer was not revealed but perhaps Díaz just wanted to join the World Series champs and jumped at the chance.

Regardless of the reasons, the Mets were down another longtime franchise staple. He would not be the last. The very next day, on December 10th, it was reported that Alonso would be joining the Orioles on a five-year, $155MM deal. The Mets never seemed to interested in making a long-term investment in their franchise home run leader. It appeared they didn’t want to sign him to anything longer than three years, so he moved on.

Part of the reason the Mets seemed fine with letting Alonso walk is that, as mentioned, improving their defense was a priority this winter. Alonso has never received especially strong grades for his first base defense. Now that he’s 31 years old, he’s more likely to get worse over time than to suddenly improve.

That’s a sensible enough logic in a vacuum, but things got a little strange a few days later when the Mets pivoted to Jorge Polanco on a two-year, $40MM deal. The plan seems to be for Polanco to play a decent amount of first base, though he could also serve as the designated hitter and occasionally play second or third.

Polanco technically has experience playing first base in the big leagues but in the most limited way possible. On April 6th of 2025, Mariners right fielder Víctor Robles injured himself on a catch, recording the second out in the bottom of the ninth inning of a 4-4 game against the Giants. The Mariners removed Robles and shuffled their defenders around, putting Polanco at first. The Giants walked it off on the next pitch with a single to the outfield. That’s the extent of Polanco’s big league experience as a first baseman: one pitch, without having to make a play.

Polanco is coming off a great season at the plate, having hit 26 home runs with a .265/.326/.495 batting line, but there’s some risk. Recurring knee problems have been an issue for him in recent years. He played fewer than 120 games in each season from 2022 to 2024. His offense was below par in the final of those three, which allowed the Mariners to re-sign him for just one guaranteed year and $7.75MM. While he bounced back at the plate, he was almost exclusively a designated hitter in the first half. He gradually played more second base as the season went along but still served as the DH quite a bit.

Though Alonso’s defense was never ideal, his availability was incredible. He never started fewer than 133 games at first in any full season with the Mets. Suddenly pivoting to a guy with almost no experience at the position and notable injury concerns is a curious choice. Polanco can probably handle it, but it speaks to the club’s commitment to their desire for avoiding long-term contractual pitfalls.

Adding Polanco also pushed McNeil further out the door. He had already been in trade rumors, and the Semien acquisition blocked him from the position at which he has spent the most time. He was flipped to the Athletics just before the holidays in what was essentially a salary dump deal. Even though the Mets ate some money in the swap, the A’s took on $10MM of what McNeil is owed this year. Considering the Mets pay a 110% tax rate, that saved them more than $20MM.

Around the same time, they also made another bullpen addition, getting Luke Weaver for $22MM over two years. Weaver’s 2025 didn’t end in strong fashion, but he’s nonetheless coming off a strong two-year run with the Yankees. Over 2024 and 2025, he posted a 3.21 ERA over 148 2/3 innings, striking out 29.5% of opponents and walking just 7.8%. He’s not a replacement for Díaz, but he can pair with Williams for a strong one-two punch at the back of the bullpen.

Going into the holidays, the Mets had been busy but were also left in a weird spot, having seemingly made more subtractions than additions. At second base, they had effectively swapped in Semien for McNeil, with Polanco replacing Alonso at first. But trading Nimmo left a hole in the outfield which had not been filled.

In early January, there were still options. The top two free agent outfielders, Kyle Tucker and Cody Bellinger, remained unsigned. The Mets were connected to both. They made a strong run at Tucker, once again in alignment with the preference for staying short term. They reportedly offered him a huge $220MM deal over four years, with a couple of opt-outs. The massive $55MM average annual value would have led to a tax bill of over $60.5MM for the Mets, meaning they were willing to shell out almost $120MM annually to get Tucker aboard.

Unfortunately, the Dodgers had similar thinking and went to $240MM over four, so he slipped through the Mets’ fingers. The Mets could have then pivoted to Bellinger but went in a different direction. They found another player willing to opt for a short-term deal with a juiced AAV, giving Bo Bichette a three-year deal worth $126MM, or $42MM per year. Factoring in the tax bill, that’s almost $90MM annually the Mets are sending out. There are opt-outs after each season, so perhaps Bichette will only be around for one year, but it’s a big commitment.

Bichette has been a shortstop for the majority of his career but seems unlikely to spend much more time there going forward. His defensive grades have never been terribly strong. Late in 2025, a knee injury put him on the shelf for the end of the season and the beginning of the playoffs. He was back with the Blue Jays for the World Series but clearly not still 100% healthy. He spent some time as the DH and also limped out to second base a few times.

The Mets had already committed themselves to a middle infield of Francisco Lindor at short and Semien at second. The plan is to move Bichette to third, a position where he has no experience and will have to learn it on the fly. That’s a gamble the Mets are willing to take in order to get Bichette’s bat into the lineup.

That will seemingly push Brett Baty into a super utility role where he bounces around the infield and maybe the outfield corners as well. Mark Vientos is in a somewhat similar spot but his 2025 struggles should put him a bit lower on the depth chart. He’ll be trying to hit his way back into the mix, though he has a narrower path since he’s only really capable of playing the infield corners. The Mets don’t really have a strict DH, so it’s possible for Baty or Vientos to earn more at-bats, perhaps with Polanco moving more towards a full-time DH role.

The Bichette addition still left them with their outfield unaddressed but they quickly checked that box. Just a few days later, they pulled the trigger on a trade for Luis Robert Jr.. To get him to Queens, they took on the entirety of his $20MM salary and will have to pay taxes on that as well. They also parted with some talent, sending utility player Luisangel Acuña and prospect Truman Pauley to the White Sox. Acuña has shown the potential to be a solid bench piece, but the additions of Semien, Polanco and Bichette to the infield made him less necessary. He’s also out of options and surely wouldn’t have gotten through waivers unclaimed.

Robert has the potential to be an excellent upgrade to the Mets outfield but is nowhere near a guarantee. He showed a huge ceiling in 2023, hitting 38 home runs and stealing 20 bases while providing strong center field defense. But in 2024 and 2025, he was on and off the injured list, being capped at 100 games in the former and 110 in the latter. His offense was subpar in both campaigns. The speed and defense give him a nice floor, in a sense, but he has to be on the field to provide that floor.

With Nimmo gone, Soto will be moving from right field to left field. Robert will take over in center. In right field, the Mets wanted to leave a path open for prospect Carson Benge but brought in some contingency plans. They already had Tyrone Taylor on the roster. Late in the winter, they added MJ Melendez on a split deal and Mike Tauchman on a minor league pact. If Benge doesn’t look ready by the end of spring, they have some ways to pivot.

Amid all of this shuffling on the position player side and in the bullpen, the rotation had largely been ignored for most of the winter. The Mets went into the offseason with a starting group consisting of Nolan McLean, Sean Manaea, Clay Holmes, Kodai Senga and David Peterson. Just behind that group were optionable minor leaguers like Brandon Sproat, Jonah Tong and Christian Scott.

It was a good group but one perhaps lacking an ace-like arm at the front. McLean showed the potential for that late in 2025 but he was only able to make eight starts before the winter arrived. The Mets were reportedly looking for an upgrade but (stop me if you’ve heard this one before) wanted to avoid long-term free agent deals.

They were connected to some of those free agents, like Framber Valdez and Ranger Suárez, but always seemed more likely to make a big splash on the trade market. Rumors linked them to Joe Ryan, Nick Pivetta, and Edward Cabrera but they were able to land Freddy Peralta from the Brewers. They sent Sproat and prospect Jett Williams to Milwaukee to get Peralta and Tobias Myers.

Peralta is a very sensible fit for the Mets. Stearns is plenty familiar with him; he already acquired Peralta and extended him when he was running the Brewers. Peralta’s one year of club control and $8MM salary are appealing for any club, but they fit well for the Mets and their tax situation.

What remains to be seen is if Stearns can sign Peralta to another extension. He has access to bigger payrolls with the Mets than he did with the Brewers but has really tried to limit the length of deals. Peralta is well positioned to cash in as a free agent next winter and is seemingly angling for the kind of long-term deal the Mets don’t like.

It was a busy offseason for the Mets. They overhauled the roster, bringing in a lot of new faces while letting some of the familiar ones go. The lineup and rotation look really strong. But by sticking to his preferences in terms of contract length, Stearns has been forced to make some compromises. The Mets wanted to improve the defense but are going into the season projecting to have third and first base manned by guys with effectively no experience there. They’ve added an injury-prone center fielder and a 35-year-old second baseman. They made some bullpen additions but may not have really improved it since they lost one of the best closers in the league.

Does it all add up to a better team or have they mostly just shuffled the deck? Give your ranking of the offseason in the poll below.

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Photo courtesy of Jim Rassol, Imagn Images

Reds Option Christian Encarnacion-Strand, Chase Petty

The Reds optioned first baseman Christian Encarnacion-Strand and starter Chase Petty this morning. Both players entered camp as long shots to make the Opening Day roster after struggling in limited looks in 2025.

Encarnacion-Strand was Cincinnati’s season-opening first baseman in each of the last two years. He had impressed with a .270/.328/.477 line over 63 games as a rookie in 2023. He hasn’t built off that production. The righty hitter limped to a .199/.227/.337 showing while striking out more than a quarter of the time in 65 games between 2024-25. Encarnacion-Strand’s ’24 campaign was cut short by a wrist fracture that required surgery. He missed time last season with a back injury and spent the second half in Triple-A.

The 26-year-old had a solid but unexceptional minor league campaign. He hit .246/.309/.492 with 11 longballs and a 25.1% strikeout rate in 64 games. He’d gotten into six games this spring, going 5-15 with a pair of doubles.

The Reds are expected to give rookie Sal Stewart the starting job at first base, where Eugenio Suárez should get some work along with his primary DH job. Nathaniel Lowe and Michael Toglia are both in camp on minor league deals.

There’s probably one bench bat role available between the non-roster invites and outfielder Will Benson, who is on the 40-man roster. Benson has popped three homers with four walks and strikeouts apiece through his first 24 spring plate appearances. Lowe has a couple longballs but is batting .200 in 22 trips to the plate. Toglia entered camp as the longest shot of the group and has fanned in four of his 11 plate appearances.

Petty is a former first-round pick who made his first three major league outings last year. He was blitzed for 14 runs in six innings. Petty tossed four scoreless innings this spring, striking out and walking two batters. He’ll head back to Triple-A Louisville, where he gave up a 6.39 ERA across 112 2/3 innings.

Hunter Greene looks likely to open the season on the injured list after feeling elbow stiffness last week. Manager Terry Francona announced yesterday that Andrew Abbott will step in for his first career Opening Day start in Greene’s place. Brady Singer and Nick Lodolo slot into the middle of the staff.

Chase Burns and Rhett Lowder seem the frontrunners for the final two spots, with lefty Brandon Williamson representing the top alternative. Williamson and Lowder both missed all of last season. Lowder has punched out seven over five innings of one-run ball in camp. Williamson has six strikeouts in four frames, allowing two runs on three hits.

Joey Wentz To Miss 2026 Season Due To Torn ACL

Braves left-hander Joey Wentz has torn the anterior cruciate ligament in his right knee and will miss the entire 2026 season. Mark Bowman of MLB.com was among those to relay the news. Wentz will be transferred to the 60-day injured list whenever the club needs a roster spot, though their 40-man count is currently at 39 due to outfielder Jurickson Profar landing on the restricted list for a PED suspension.

Wentz, 28, was covering first base on a bunt attempt in yesterday’s game when he appeared to injure his right leg. Though he was carted off the field, initial tests seemed to suggest he may have avoided serious injury. It seems that further testing contradicted the first reports.

The lefty was claimed off waivers in July of last year and was effectively in the rotation from that point on. He made 13 starts and one relief appearance for Atlanta, allowing 4.92 earned runs per nine. His 23% strikeout rate and 8.3% walk rate were both close to league average. He qualified for arbitration as a Super Two player and the club felt good enough about that performance to tender him a contract. The two sides avoided arbitration in November by agreeing to a $900K salary for 2026.

As of a few weeks ago, Wentz was a bit buried in the depth chart but the Atlanta rotation has been hit hard since camp has opened. Spencer Schwellenbach and Hurston Waldrep each required surgery a few weeks ago, as both pitchers had loose bodies in their elbows that needed removing. Their specific timelines aren’t clear but each is slated to miss months.

After those two surgeries, Atlanta projected to have a rotation with four spots going to Chris Sale, Spencer Strider, Reynaldo López and Grant Holmes. That left Wentz, Bryce Elder and José Suarez battling for the final spot. Since all three are out of options, one of them was probably going to break camp in a long relief role.

Even before this recent spate of injuries, there was an argument for Atlanta to add more rotation depth, as even the guys who aren’t currently hurt have question marks. Sale has been injury prone in recent years, making more than 2o starts just once in the past six years. Strider returned from internal brace surgery last year but posted a lackluster 4.45 ERA. López only made one start last year due to shoulder surgery. Holmes was diagnosed with a partially torn ulnar collateral ligament last year and is currently trying to pitch in 2026 without surgery. Elder had a 5.30 ERA last year. Suarez is a fringe roster guy who rode the DFA carousel this winter.

Despite all of that uncertainty, the front office hasn’t shown much urgency in adding more arms. It was reported in mid-February, as the Schwellenbach and Waldrep injuries were coming to light, that Atlanta didn’t have much interest in Chris Bassitt before he signed with the Orioles and had not been involved with free agent Lucas Giolito. Up until yesterday, Zack Littell was still out there but he now has an agreement in place with the Nationals.

It’s possible that recent events make the club more likely to make an addition. If the budget was the problem, the Profar suspension helped them out, as he won’t be paid his $15MM salary this year. Atlanta saved about $18MM in total when factoring in tax savings. With the freed-up cash and now yet another injury, perhaps president of baseball operations Alex Anthopoulos does turn to free agency. In addition to Giolito, guys like Tyler Anderson and Patrick Corbin are still unsigned. More arms could shake loose as Opening Day approaches and other teams make cuts.

For now, the top depth options include Didier Fuentes, JR Ritchie, Martín Pérez, Carlos Carrasco and Elieser Hernández. Fuentes was hastily promoted last year at the age of 20 and was lit up in his first four big league starts. Ritchie is one of the club’s best pitching prospects but he has no major league experience and just 11 Triple-A starts under his belt. The other three are veterans who haven’t had much big league success in recent years.

As for Wentz, it’s a frustrating setback as he had a real chance to earn a rotation gig. Instead, he’ll spend the season on the shelf. If there’s one small silver lining, he’ll earn a full year of service time while on the IL, but he’ll be a non-tender candidate going into 2027.

Photo courtesy of Jordan Godfree, Imagn Images

Trade Rumors Front Office Subscriber Chat Transcript

Steve Adams

  • Good afternoon! Hope the weekend treated everyone well. I'll get going around 2:30pm CT, but as usual, feel free to send in questions ahead of time!
  • Hey there -- just over two weeks until Opening Day! Let's get going

David

  • Hi there!  Is it true that an extension signed during the season doesn’t increase the AAV that year?  So, if the Mets were to extend Freddy Peralta it would make financial sense, considering the tax hit, to wait till the season begins?

Steve Adams

  • The timing doesn't matter -- it's the manner in which it's structured. If the Mets wanted to avoid taking on more luxury tax hits in 2026, they could keep Peralta's salary as is by adhering to the prior contract but set up the extension as a new contract. Doing so means a larger AAV and larger hits in subsequent seasons, though.Garrett Crochet's Boston deal comes to mind as a recent example of someone who went that route.

Ewitkows

  • Who's the opening day 3B for the Brewers?

Steve Adams

  • I just started typing a much longer reply than necessary because I somehow read that as asking who's starting at 3B for the Red Sox (Caleb Durbin!) -- apologies, ha
  • For the Brewers it'll almost certainly be Rengifo. They're not displacing Turang at 2B, so you'll get Ortiz at SS for the glove and Rengiffo at 3B after they signed him to the big league deal

Lefty

  • Giants lack of proven bullpen commodities is a given. But you never know with relievers. If their patchwork collection of unheralded prospects (Harris, Bednar), non roster FA's (Santos, Fulmer), and mediocre returning arms (Walker, Butto etc) can surprise and be a  middle-of-the-pack bullpen, are the Giants a solid wild card candidate?

Steve Adams

  • It doesn't take a ton to be in Wild Card contention midseason, so i think they can hang within arm's reach. But even beyond the bullpen -- which is bad and a major concern -- I think the rotation depth is just underwhelming. I didn't like the Houser/Mahle pairing at the back of the staff. It's all extremely dependent on Logan Webb continuing to stay healthy.
  • Bottom third or so of the lineup and the bench look bleak, too. A lot can change for most teams if just two to three role players step up ... but the Giants feel like they'll need more than two or three surprise contributors who exceed expectations.

Emmet Sheehan

  • Hi Steve do you think I have a role in the dodgers rotation. What about Roky, stone, and Ryan?

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Rockies’ RJ Petit Suffers UCL Sprain

Rockies right-hander RJ Petit has been diagnosed with a sprained ulnar collateral ligament in his right elbow, the team announced to reporters at their spring complex (via Thomas Harding of MLB.com). He’s being sent for further evaluation before next steps are determined. Every case is different, of course, but the majority of UCL sprains result in surgery, be it an internal brace to stabilize/strengthen the existing ligament or a full UCL reconstruction (Tommy John surgery). The Rockies have not yet said whether surgery is an option for Petit.

Petit was the top pick in this December’s Rule 5 Draft. The Rockies plucked the towering 6’8″ righty from the Tigers system after Detroit left him unprotected despite a strong minor league track record. In 66 1/3 innings between Double-A and Triple-A this past season, Petit notched a 2.44 earned run average with a hefty 29.5% strikeout rate against a nice 8.2% walk rate. He sits 95 mph with his four-seamer, and that velocity plays up further due to the extension he gets from that 6’8″ frame and his long limbs. He allowed three runs in four spring innings prior to sustaining the ligament injury.

The Rockies had hoped that Petit could claim a spot in a wide-open bullpen mix that opened up even further with the offseason trade of Angel Chivilli and the elbow injury to DFA pickup Pierson Ohl (which will require Tommy John surgery). Petit will instead be looking at a notable absence, regardless of whether he requires surgery.

If the Rockies want to hang onto Petit, they’re able to do so. He can be placed on the 60-day injured list and spend the entire season there if need be — so long as the team is willing to give him major league service time and pay for that IL time. In that scenario, Petit’s Rule 5 designation would carry over into the 2027 season. The Rockies would thus be unable to option him to the minor leagues until he spent at least 90 days on the active roster.

For a club in the Rockies’ position, that may not be a dealbreaker. The overhauled Colorado front office, led by new president of baseball operations Paul DePodesta and general manager Josh Byrnes, certainly isn’t viewing the 2026 season as one in which the club will be competitive. They liked Petit’s arm enough to take him with the top pick in the Rule 5 Draft, and even in the unfortunate event that he’s out until next season, they’d still control the right-hander through at least 2031 after he meets the criteria to shed that Rule 5 status.

Giants To Re-Sign Joey Lucchesi

The Giants have agreed to bring left-hander Joey Lucchesi back on a minor league deal, Jon Heyman of the New York Post reports. The CAA client will head to big league camp and be paid $1.55MM if he makes the roster. He has another $300K available via incentives.

Whether the Lucchesi signing was already in the works when fellow left-hander Reiver Sanmartin suffered an injury or whether this signing comes in response to that injury isn’t clear. However, via Susan Slusser of the San Francisco Chronicle, Sanmartin’s recent MRI revealed a severe hip flexor strain that’s expected to sideline him for at least three months. Sanmartin, Erik Miller and Matt Gage were the only left-handed relief options on the Giants’ 40-man roster, and Miller has been slowed by a back injury in camp.

Lucchesi, 32, was effective for the Giants in a middle relief role last season. He appeared in 38 games and tossed 38 1/3 innings of 3.76 ERA ball. His 18.8% strikeout rate was well below average, but Lucchesi’s 7.3% walk rate was strong and his 53% ground-ball rate was excellent. In 433 big league innings between the Padres, Mets and Giants, Lucchesi has a 4.07 ERA with roughly average strikeout, walk and ground-ball rates. He worked primarily as a starter before last year’s bullpen success. The Giants chose to non-tender him in November.

Sanmartin, 29, came to the Giants via waiver claim back in November. He’d spent his entire big league career with the Reds, appearing in parts of four seasons from 2021-25. In that time, Sanmartin pitched to a 5.66 ERA with plenty of grounders (53.6%) but a strikeout rate, walk rate and average fastball that were all worse than league average.

Despite that modest track record, Sanmartin was one of the Giants’ only bullpen additions of the offseason. San Francisco signed relievers Jason Foley, Sam Hentges and Rowan Wick to major league deals knowing none were likely to be healthy for Opening Day. Sanmartin was claimed off waivers, and the Giants signed Michael Fulmer to a minor league deal. Outside of that, their bullpen had gone largely untouched this winter — despite trading Camilo Doval and Tyler Rogers back in July and losing Randy Rodriguez to Tommy John surgery in September.

Assuming the Lucchesi deal is finalized soon, he should have enough time to build up and be a candidate to break camp in a similar single-inning relief role to the one he had last year.