The Rockies have a new president of baseball operations (Paul DePodesta), but they’ll welcome back the same dugout leader for the 2026 season. The club announced that Warren Schaeffer, who served as interim manager after Bud Black’s firing back in May, will return as the skipper for the 2026 campaign. Patrick Saunders of the Denver Post reports reported the news prior to the team announcement.
More to come.
The Marlins are among the teams that have shown interest in free-agent righty Michael King, per Ken Rosenthal and Evan Drellich of The Athletic. Miami has frequently been linked to prominent bullpen arms in the offseason’s early stages as well, and the Fish are apparently planning to spend more heavily in free agency than in recent years (although that’s a pretty low bar to clear).
Skeptics will presume that the Marlins, like the A’s last offseason, are wary of running into a grievance pertaining to their allocation of revenue-sharing funds. Optimists will look at Miami’s hot finish to the 2025 season and the steps forward from young core pieces like Kyle Stowers, Jakob Marsee and Edward Cabrera as the driving factor behind the ostensible spending push. In reality, some of both are likely to be true.
Rosenthal and Drellich write that the Marlins are believed to be pulling in around $70MM annually in revenue-sharing. Teams that allocate under 150% of the revenue-sharing funds they receive to the roster (in terms of CBT obligations) can draw the union’s ire and fall subject to a grievance. That’s not true in every instance. Miami’s CBT ledger in 2025 came in around $85MM, per RosterResource. The Fish are projected for about $70MM of CBT considerations right now, however.
It seems that falling shy of that 150% threshold in consecutive seasons is what truly triggers the risk of a grievance. The A’s were the only perennial payroll cellar-dweller who seemed to be subject to a potential grievance last offseason. (They responded by signing Luis Severino and Jose Leclerc and extending Brent Rooker and Lawrence Butler.) None of the Pirates, Marlins or Rays seemed to face the same pressure.
However, each of Pittsburgh, Miami and Tampa Bay had been well over $100MM in CBT considerations in each of the preceding seasons. The A’s trotted out CBT numbers between $68MM and $84MM from 2022-24 before finally opening the wallet a bit to avoid that potential grievance. Rosenthal and Drellich also suggest that the Marlins may want to avoid any in-fighting with other clubs during the upcoming CBA talks, where luxury tax payors could argue that the Marlins aren’t using their funds properly. Readers are encouraged to check out the piece for full, more granular details on the matter and thoughts from other club officials and agents who weight in when chatting with The Athletic duo.
Regardless of the motivation, the fact that King is on Miami’s radar is notable. He’s a former Marlins draft pick, though that came under prior ownership and a different front office regime, so those ties are minimal at this point. King would step into a rotation that also includes the previously mentioned Cabrera, Sandy Alcantara, Eury Perez, Braxton Garrett and Ryan Weathers — with prospects Thomas White, Robby Snelling, Dax Fulton and Max Meyer (on the mend from surgery) all factoring in as possible options as well.
King, 30, has been excellent since moving from a swingman role with the Yankees — who acquired him in 2017’s Garrett Cooper swap — into the rotation late in the 2023 season. His 2025 campaign was shortened by a nerve injury in his shoulder and a knee injury late in the season, but King boasts a terrific 2.93 ERA (3.50 FIP, 3.66 SIERA) with a 27.4% strikeout rate and 8.3% walk rate in 53 starts since moving to a rotation role full-time.
Adding King would give Miami a playoff-caliber starter to pair with arms like Alcantara, Cabrera and Perez. He’d also make it easier for the Fish to entertain offers on young pitching, whether that be Cabrera, Weathers or some of those vaunted prospects (headlined by White). The Marlins could also give stronger consideration to dealing Alcantara if they add a veteran starter, but they’d still be selling somewhat low on him (and trading Alcantara would offset much of the payroll gains they’d obtain by signing King).
The Marlins are on the lookout for meaningful offensive upgrades, but the free agent market is generally thin on impact hitters this offseason. If the Fish instead choose to further deepen an organizational strength, they could use their stock of quality young arms to explore the trade market in search of more meaningful upgrades at the infield corners, designated hitter and/or in right field.
King rejected a $22.025MM qualifying offer from the Padres. The Marlins would pay the lightest of three penalty tiers for signing him, due to their status as a revenue-sharing recipient. Signing King would require Miami to its third-highest pick in the 2026 draft.
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Go to ShopLegends.com and locate the Mike Trout signing page.
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If the signing option isn’t the best fit – don’t worry! There are tons of other products available, that include other signatures from Roki Sasaki, World Series MVP Yoshinobu Yamamoto, Derek Jeter, & more.
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Nov. 24: The two teams have formally announced the swap.
Nov. 23: In an intriguing one-for-one swap of prominent veterans, the Mets and Rangers have agreed to a trade that will send second baseman Marcus Semien to Queens in exchange for outfielder Brandon Nimmo. New York is also sending $5MM to help Texas offset some of the difference between the two players’ remaining salaries.
Reports emerged earlier this week that the Mets were open to moving Nimmo, though as of Thursday, trade talks reportedly hadn’t developed to the point that the Mets had approached Nimmo about waiving his contract’s no-trade clause. Mike Puma of the New York Post wrote today that the team raised the subject of the Texas trade with Nimmo on Friday. After a day’s consideration and a chat with Rangers ace (and his former Mets teammate) Jacob deGrom, Nimmo agreed to approve the deal.
Given the trade buzz this week, it isn’t entirely shocking to see the veteran outfielder’s time in New York come to an end. That said, a straight-up swap for Semien is eye-opening, given how Semien is coming off a dismal year at the plate and comes with a significant future price tag in his own right.
Semien has $72MM and three seasons remaining on the seven-year, $175MM free agent deal he signed with Texas during the 2021-22 offseason. Nimmo is owed $101.25MM through the 2030 season, as he has completed three years of the eight-year, $162MM free agent he signed to remain with the Mets in December 2022. Since luxury tax figures are re-calculated to account for just remaining money owed in the wake of trades, Semien’s tax number is $24MM, and Nimmo has a $19.25MM figure (when factoring in the $5MM Texas is getting from New York).
The Mets are therefore taking on a slightly bigger tax hit while reducing the amount of overall dollars owed, while the Rangers are reducing their tax number but adding more overall money to their books. That adds an interesting wrinkle for a Texas club that was expected to reduce payroll this winter, though it is worth noting that the Rangers cleared a good chunk of money off the books (a projected $21.1MM) on Friday with four non-tenders.
While the financial elements can’t be overlooked, the trade is also something of an old-school, need-for-need “baseball deal” that allows both the Mets and Rangers to address needs. Beginning with Texas, the team was prioritizing a different offensive approach based around contact hitting and getting on base.
Nimmo’s strikeout rates have been overall middling throughout his career, though his chase and whiff rates have been consistently above average. His walk rates had also been strong before suddenly dropping to 7.7% in 2025, in a career-low for the outfielder over a full season. Still, Nimmo hit .262/.324/.436 with 25 homers over 652 plate appearances, translating to a 114 wRC+ over 652 plate appearances as New York’s everyday left fielder. Public defensive metrics have also looked a lot more fondly on Nimmo’s glovework since he moved to left field from center field.
Since Adolis Garcia has now been non-tendered, Nimmo can slide into the left field position in Arlington, with Evan Carter or (probably more likely) Wyatt Langford moving into Garcia’s old spot in right field. Second base is now opened up for Josh Smith or Ezequiel Duran in the short term, and top prospect Sebastian Walcott could also potentially find a home at the keystone depending on how long Corey Seager remains at shortstop. The Rangers could also now explore the market for trade or free agent options at second base, with Semien no longer in the picture.
Selected 13th overall by the Mets in the 2011 draft, Nimmo has spent his entire career with the Amazins, becoming a fan favorite due to his consistent offense. Injuries were a major hindrance for Nimmo earlier in his career and he is entering his age-32 season, but he has played in at least 151 games in each of his last four seasons.
In short, it seems like the Rangers feel more comfortable about paying Nimmo a bit of extra money over a longer term than they were paying Semien over his age 35-37 seasons. A picture of durability throughout his career, Semien suffered a rare serious injury in 2025, as he was limited to 127 games by a Lisfranc sprain and a small fracture in his left foot. Beyond just the health issue, Texas was perhaps more concerned about Semien’s dropoff at the plate over the last three seasons.
2023 was Semien’s last year as a premium hitter, as he hit .276/.348/.478 with 29 homers over 753 PA for the Rangers’ World Series team. Semien delivered a 128 wRC+ that year, and his key role in Texas’ first championship will forever make him a beloved figure in Arlington. After that dream season, however, Semien dropped to a 101 wRC+ in 2024, and then a subpar 89 wRC+ in 2025. A .251 BABIP over the last two seasons is a partial explanation, yet the bigger culprit is a sizeable decline in power.
A change of scenery could perhaps get Semien’s bat going, even if Citi Field is known as a pitcher-friendly ballpark. Semien does bring a right-handed hitting element to a Mets lineup that leaned left, and has now subtracted an everyday lefty swinger in Nimmo. Beyond just Semien’s offense and his reputation as a clubhouse leader, he remains an outstanding defensive second baseman who just won his second career Gold Glove.
Mets president of baseball operations David Stearns stated that run prevention was a chief area of improvement for his team, so installing Semien at second base is a big defensive upgrade. Removing a solid defender like Nimmo from left field is a hit unto itself, yet Jeff McNeil could make up some of the difference since left field now looks to be McNeil’s primary position with Semien locked into second base. McNeil could also get part-time work in center field, or it is possible he might also end up on another roster, as rival teams have been discussing McNeil in trade talks.
It is a little surprising to see New York make such a prominent move to address second base, given how first and third base were the far more unsettled infield positions heading into the winter. Pete Alonso’s free agency leaves first base open, and Brett Baty now looks to be staying at third base with Semien on board. Top prospect Jett Williams is expected to make his MLB debut in 2026, and the outfield could now be Williams’ future position since Semien and Francisco Lindor have accounted for the middle infield. Semien’s addition also brings fresh questions about how the Mets will incorporate Mark Vientos, Luisangel Acuna, and Ronny Mauricio into the infield mix, or if any of these players (or Baty) could now be trade chips.
Nimmo’s departure also means that the Mets could make a larger move to address their outfield. The club was already expected to be looking for center field help, and Juan Soto could possibly be shifted over to left field if the Mets wanted to acquire a new right fielder. This will probably spark some inevitable Kyle Tucker speculation, but Cody Bellinger is already known to be a player on the Amazins’ radar.
ESPN’s Jeff Passan was the first to report that the two teams were in the final stages of a deal involving Semien and Nimmo, and the New York Post’s Jon Heyman had the additional detail about the $5MM heading to Arlington. The Athletic’s Will Sammon reported that Nimmo has agreed to waive his no-trade clause.
Inset pictures courtesy of Jerome Miron (Semien) and Vincent Carchicetta (Nimmo) — Imagn Images
Entries for MLB Trade Rumors’ annual Free Agent Prediction Contest closed on November 13, with 4,604 different readers submitting their choice of landing spot for each of the offseason’s top 50 free agents. This year, we’re going to provide another fun resource for reference purposes — which teams were the most popular choices for each of the 50 players.
As you might expect, the bigger-spending teams got a lot of attention, though 21 of the 30 teams were the top choice for at least one free agent. (The Rockies, Cardinals, Pirates, Nationals, Astros, White Sox, Guardians, Royals, and Twins were the only teams not listed as a top choice.) Of the six players who have already signed, the plurality or majority of contestants correctly identified that Josh Naylor, Raisel Iglesias, and the qualifying offer-accepting quartet of Brandon Woodruff, Trent Grisham, Shota Imanaga, and Gleyber Torres would remain with their 2025 teams.
The most popular choice of all 50 players was Bo Bichette returning to the Blue Jays, with 81.5% of contestants predicting a reunion. This narrowly edged out Kyle Schwarber (79.9%) and J.T. Realmuto (76.1%) re-signing with Philadelphia, as readers are confident that the Phillies will retain those two veteran bats, but there is far less of a consensus about the chances of Ranger Suarez (13.2%) returning to Philly. Eight percent of readers predict Ryan Helsley to the Marlins, which represented the lowest top choice of any player in the top 50.
Here are three things we’ll be keeping an eye on around the baseball world as we head into the week:
1. What’s next for the Rangers?
A surprising swap of big names on large contracts happened yesterday, as the Rangers sent second baseman Marcus Semien to the Mets in exchange for Brandon Nimmo. From the Rangers’ perspective, the deal allows them to re-imagine their lineup and replace non-tendered corner outfielder Adolis Garcia while still staying in line with their goals to cut payroll this year. While Nimmo is on the books for five years as opposed to Semien’s three, he’ll actually cost about $4.75MM less per year for luxury tax purposes after factoring in the cash New York sent alongside Texas’ new left fielder. With a luxury tax payroll that RosterResource now projects to land around just $191MM and Josh Smith free to take over at second base, the Rangers come out of this trade with the flexibility to perhaps even make another addition to the lineup or sign some bullpen help while still cutting payroll substantially from last year. It’s unclear what exact level ownership is comfortable spending to this year.
2. Mets’ infield logjam grows bigger:
The Semien-Nimmo trade is a bit more complicated from the Mets’ end. With Nimmo headed to the Rangers, the Mets now have Juan Soto as their only locked in regular in the outfield for the 2026 season. By contrast, they’re flush with infield options after adding Semien to a group that already included Brett Baty, Mark Vientos, Luisangel Acuna, and Ronny Mauricio. Semien and Francisco Lindor figure to handle regular reps up the middle, which would leave just two spots on the infield for those four youngsters. A Pete Alonso reunion would further cut into those opportunities. Also displaced by the deal is Jeff McNeil, who could move into the outfield if necessary but was already the subject of trade rumors even before this deal.
The Mets could move any of those infielders as they look for help in the rotation or bullpen. It’s also worth noting that one of the game’s perennial top spenders now has a corner outfield vacancy and less money on the long-term books when the market’s top free agent is corner outfielder Kyle Tucker.
3. Maton signing not yet official:
The Cubs agreed to terms with right-hander Phil Maton on a two-year deal Friday night, though that signing has not yet been finalized. Maton’s deal is pending a physical, and financial specifics are not yet known. The Cubs have been reluctant to commit to relievers on multi-year deals in recent years, making the signing all the more notable. Chicago’s last multi-year free agent signing for a relief arm was the Craig Kimbrel contract all the way back in June of 2019. (They did make a strong offer to Tanner Scott last winter, though.) Is this a change in philosophy or merely a one-off? The Cubs have plenty of space on the 40-man roster, so a corresponding move will not be necessary when the Maton deal becomes official.
The Chiba Lotte Marines of Nippon Professional Baseball announced that left-hander Sam Long has been signed to a contract for the 2026 season. Long heads to Japan after five MLB seasons, and after posting a 5.36 ERA over 40 1/3 relief innings for the Royals in 2025.
Long’s top big league campaign was in 2024, when he had a career-best 3.16 ERA and 25% strikeout rate over 42 2/3 innings out of the K.C. bullpen. Generally a low-strikeout pitcher with pretty ordinary walk rates, Long’s results have tended to ebb and flow along with his batted-ball luck, and he has a 4.65 ERA to show for his 211 career innings in the majors with the Giants, Athletics, and Royals.
Injuries could partially explains his underwhelming results this year, as Long missed over two months of action due to elbow inflammation. He started to find his form closer to the end of the season, but it wasn’t enough to stop the Royals from outrighting him off their 40-man roster in November, and Long then elected minor league free agency.
The 30-year-old almost surely would’ve had to settle for a minor league contract this winter if he’d stuck to courting MLB teams, so the move to Japan will earn Long some extra money on a guaranteed deal. He’ll now look for a fresh start to his career and a role with a Marines team that has made the playoffs four times in the last six years, thought they have been unable to advance to the Japan Series.
While the Mets remain engaged with Edwin Diaz about a new contract, the club is keeping its bases covered by also checking in with other major free agent closers. Reports from earlier this week cited the Mets as one of the many teams involved in Devin Williams’ market, and The Athletic’s Will Sammon reports that New York has been in touch “multiple times recently” with the reps for both Williams and Robert Suarez.
This makes the Mets the first club publicly linked to Suarez this winter, though it is probably safe to assume that most or all of the clubs in on Williams are similarly exploring Suarez’s asking price. MLB Trade Rumors ranked Williams 16th on our list of the offseason’s top 50 free agents and projected him for a four-year, $68MM contract, while Suarez ranked 21st and got a three-year, $48MM projection. (Diaz was the top closer in our list, ranked 13th with a projection of four years and $82MM.)
Diaz and Williams are both entering their age-32 seasons, whereas Suarez is turning 35 in March. The age gap will alone put some limitations on Suarez’s market, even if teams should still be open to giving him a high average annual salary within a shorter-term contract. Raisel Iglesias (who turns 36 in January) took a one-year, $16MM deal to return to the Braves, though Iglesias’ fairly quick departure from the market could indicate that he simply preferred to return to Atlanta over more fully waiting around to see if he could land at least one more guaranteed year.
Indeed, Suarez’s age might even be something of a selling point in regards to how teams are approaching the bullpen market. Diaz is reportedly looking for a contract akin to his previous five-year, $102MM deal with New York, and while the Amazins have interest in bringing Diaz back, Sammon writes that the team would prefer a shorter-term pact. If Suarez’s age might naturally leave him looking at something like a three-year contract as a ceiling, that might work out just fine for the Mets or other teams who are wary about lengthy commitments to relief pitchers.
Suarez felt comfortable enough about his chances in free agency that he chose to opt out of the final two years (and $16MM) on his contract with the Padres. There’s certainly no indication that Suarez is slowing down, either in the figurative or literal sense. Suarez’s 98.6mph fastball is still among the highest velocities in the game, and he posted a 2.97 ERA, 27.9% strikeout rate, and a 5.9% walk rate over 69 2/3 innings in 2025. Over his two seasons as San Diego’s closer, Suarez has closed out 76 of 87 chances and twice been named to the NL All-Star team. He has also carried his strong performance into October, with a 2.45 ERA over 14 2/3 career postseason innings.
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The Braves announced that they have signed right-hander Joel Payamps to a one-year, $2.25MM deal. Payamps is represented by agents Larry Reynolds and Rosie Lopez-Herrera.
After Payamps was designated for assignment by the Brewers in September, Atlanta stepped in to claim the righty on waivers, and Payamps logged two appearances and 2 2/3 innings with his new team before season’s end. The Braves then outrighted Payamps off their 40-man roster and (since he has been previously outrighted in his career) he elected free agency rather than accept the assignment.
The move was essentially an early non-tender on the Braves’ part, as Payamps was projected to earn $3.4MM in his second trip through the arbitration process. This new contract brings Payamps back into the fold on a lower price tag, and a number that the Braves were surely more comfortable paying in the wake of a disappointing 2025 season for the veteran reliever.
Payamps posted okay but unremarkable numbers over his first four big league seasons before taking things up a notch as a member of Milwaukee’s bullpen in 2023-24. The reliever posted a 2.78 ERA, 26.1% strikeout rate, and 6.7% walk rate over 129 2/3 innings, emerging as a trusted setup man in front of closer Devin Williams.
In 2025, however, Payamps’ effectiveness suddenly went south, with a 6.84 ERA, 20.5 K%, and a 7.7 BB% over 26 1/3 combined innings with the Brewers and Braves. While his 4.16 SIERA was nothing special, it at least reflected some of the misfortune (such as a .346 BABIP and a 60.4% strand rate) that went into Payamps’ performance.
The Braves are investing $2.25MM in the idea that Payamps can regain his old form with a change of scenery. Payamps is out of minor league options and thus can’t be sent to Triple-A without first being designated for assignment, though his guaranteed contract provides leverage for the team. Because Payamps has less than five full years of MLB service time, he would have to forfeit any remaining guaranteed salary if he refused another outright assignment in favor of free agency. The added salary might also act as a bit of a deterrent for other teams who might otherwise be interested in claiming Payamps off waivers following a DFA.
Payamps was one of several arb-eligible players (along with the likes of Alek Manoah, Vidal Brujan, and Jake Fraley) picked up later in the season by the Braves, as the club was basically getting an early start on its offseason by auditioning some intriguing depth candidates. Manoah was non-tendered and Fraley was waived, but Brujan agreed to an arbitration-avoiding contract and now Payamps is back in the mix.
If the 2023-24 version of Payamps resurfaces, Atlanta has added a solid bullpen arm at a budget price. The Braves also re-signed Raisel Iglesias to return as closer, and more relief additions seem likely given the continued uncertainty over Joe Jimenez’s health status. It is possible Iglesias could be the priciest of the Braves’ bullpen adds, as the team might prefer to save its larger dollars for the other needs and aim for less-expensive hidden gems on the relief front.
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