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Giants’ Casey Schmitt Undergoes Wrist Surgery

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Giants infielder Casey Schmitt underwent surgery to remove a carpal boss from his left wrist this morning, the team announced. He’ll require anywhere from eight to ten weeks to recover. That could cut into Schmitt’s availability early in spring training, but so long as there are no lingering complications, he should have time to ramp up for Opening Day.

Word of Schmitt’s surgery comes just a day after reports emerged that the Giants were among the teams looking into second base upgrades. That’s hardly a surprise, given that San Francisco second basemen combined for a dismal .217/.273/.343 batting line in 2025. The resulting 73 wRC+ (indicating they were 27% worse than league-average) ranked 27th in MLB.

Schmitt, Tyler Fitzgerald, Christian Koss and Brett Wisely took all of the reps at second base for San Francisco last season. None of them hit well while manning the keystone — though Schmitt’s overall .234/.305/.401 was only a bit worse than average at the plate (98 wRC+). Coupled with 113 solid plate appearances in 2024, Schmitt has been an average bat over the past two seasons, hitting .241/.300/.420 with 18 homers in 461 plate appearances.

As things stand, Schmitt sits atop the Giants’ depth chart at second base. Fitzgerald and Koss both remain with the organization. Wisely was claimed off waivers by Atlanta in September and remains on the Braves’ 40-man roster.

There’s no top prospect breathing down Schmitt’s neck. Gavin Kilen, Josuar Gonzalez and Jhonny Level all play the middle infield, but none will be ready for a look come 2026. The Giants have long stood as a fit to add help at second base, though their stated reluctance to go long-term on starting pitchers this offseason makes it worth wondering whether they’d make a real run at top free agent Bo Bichette. Alternatives in free agency include Jorge Polanco and Ha-Seong Kim, while the trade market presents possibilities like Brandon Lowe, Brendan Donovan, CJ Abrams and buy-low names such as Nolan Gorman and Luisangel Acuña.

For now, Schmitt still profiles as the top option, but news of his injury only further shines a light on the Giants’ need at second base. If the Giants do succeed in bringing in someone from outside the organization, that doesn’t necessarily squeeze Schmitt out of a role entirely. He has ample experience at all three infield spots to the left of first base to go along with decent speed and a strong throwing arm. He’d make a decent utility player and also has a minor league option remaining, giving the Giants the flexibility to send him to Triple-A Sacramento and call him up in the event of an injury elsewhere on the roster. The Giants can control Schmitt for at least another four seasons — possibly five, depending on how much (if any) time he spends in the minors  during his final option year.

Blue Jays Sign Dylan Cease To Seven-Year Deal

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December 2nd: The Jays made it official today, announcing they have signed Cease to a seven-year deal.

November 26th: The Blue Jays are making a major splash at the top of the rotation. Toronto is in agreement with Dylan Cease on a seven-year contract, pending a physical. It’s reportedly a $210MM guarantee for the Boras Corporation client, though it includes deferred money that’ll drop the average annual value for luxury tax purposes to roughly $26MM. That puts the net present value closer to $182MM.

Even after adjusting for deferrals, it’s the largest free agent signing in franchise history. Though the Jays gave Vladimir Guerrero Jr. a $500MM extension earlier this year, they’d never gone beyond George Springer’s six-year, $150MM deal on the open market.

Cease, 30 next month, entered free agency as a test case of how much modern front offices care about earned run average. In two of the past three seasons, his ERA has jumped to the mid-4.00s, including a 4.55 mark in 2025. However, in just about every other respect, he has been great. He has been incredibly durable. His control isn’t amazing but he has racked up strikeouts. He has kept his fastball velocity in the upper 90s, while also featuring a slider, knuckle curve and changeup.

Though Cease debuted back in 2019, he has actually never been on the major league injured list, apart from a very brief stint on the COVID list in 2021. He made 12 starts in the shortened 2020 season and has taken the ball at least 32 times in each full season since. In total, he’s made 174 starts since the start of 2020, which leads all major league pitchers. He generally doesn’t pitch deep into games, however, so he’s ninth in that span in terms of innings.

On top of the quantity, the quality has been strong. For that same 2020-25 span, he posted a 3.88 ERA. His 9.9% walk rate was a bit on the high side but he punched out 28.9% of batters faced with a 14.4% swinging strike rate.

As mentioned, his ERA has wobbled in recent years, but it has done so while other elements of his game have stayed more consistent. He actually saw his ERA drop to 2.20 in 2022. With the White Sox at that time, he finished second in American League Cy Young voting to Justin Verlander. His ERA then shot up to 4.58 in 2023, dropped to 3.47 in 2024 and then climbed back up to 4.55 this year.

But during those ups and downs, his strikeout and walk rates have been less volatile. His strikeout rate did drop from 30.4% in 2022 to 27.3%, but then it climbed to 29.4% and 29.8% in the two most recent campaigns. His 10.4% walk rate in 2022 decreased to 10.1% and 8.5% in the next two years, followed by a slight uptick to 9.8% in 2025.

His batting average on balls in play, which tends to be a bit more luck based, has synched up more with his ERA shifts. A standard BABIP is usually around .290 but Cease was down at .260 in that 2022 season. It then swung the other way to .330 in 2023 as Cease’s ERA climbed, then went to .263 and .320 in the two most recent seasons as his ERA dipped and climbed again.

As such, ERA estimators have considered Cease to be far more steady than his actual ERA. His FIP has been between 3.10 and 3.72 for the past four years. His SIERA was at 3.48 in 2022, jumped a bit to 4.10 in 2023, and then has been at 3.46 and 3.58 in 2024 and 2025.

As we were deliberating our Top 50 Free Agents post at MLBTR, we had many debates about whether the inconsistent ERA would hurt his earning power, perhaps leading him to accept a short-term deal with opt-outs, or if teams would overlook the ERA and sign him based on his consistency in other areas. In the end, we opted for latter, predicting a seven-year, $189MM deal. Cease has surpassed that in terms of sticker price, though the deferrals will seemingly put the net present value closer just below that projection.

The Blue Jays are coming off their best season in years, as they charged all the way to Game Seven of the World Series, ultimately falling to the Dodgers in extra innings. However, the season ended with plenty of rotation uncertainty. Chris Bassitt and Max Scherzer became free agents. Shane Bieber had a $16MM player option he seemed likely to decline. In the long term, Kevin Gausman is a free agent after 2026. José Berríos has an opt-out in his deal after the upcoming campaign.

In the past few weeks and months, the long-term outlook has improved considerably. Trey Yesavage came up late in the year and was immediately able to get hitters out, quickly establishing himself as a rotation building block. Bieber surprisingly decided to trigger his player option and stick with the Jays for one more year. Now Cease is in the fold for the long run.

That gives the Jays a rotation of Gausman, Cease, Yesavage, Bieber and Berríos going into 2026, with guys like Eric Lauer, Ricky Tiedemann and Bowden Francis also in the mix. Though Bieber and Gausman are slated to depart after the upcoming campaign, with Berríos potentially joining them, Cease can serve as a bridge to another era. By then, it’s possible Jake Bloss has recovered from his Tommy John surgery and is back in the mix. Prospects like Gage Stanifer and Johnny King might have climbed into the picture by then as well.

Toronto is paying a significant cost to lock Cease in as a long-term anchor. RosterResource projected their 2026 payroll around $232MM, while their luxury tax number was right around the $244MM base threshold. It won’t be clear how much either number goes up until the payment and deferral structure is reported. The CBT number is based on the contract’s average annual value, so the salary breakdown doesn’t matter for tax purposes, but the deferrals reduce the contract’s actual value by around $4MM annually.

In any case, the Jays are clearly going to pay the tax in 2026, and this will push them beyond the $264MM first surcharge tier. They’re into CBT territory for a second consecutive season, meaning they’re taxed at a 30% rate for their first $20MM in overages. They’ll pay a 42% tax on spending between $264MM and $284MM, 75% for spending between $284MM and $304MM, and a 90% rate on any further spending. The Cease deal itself comes with roughly $8.5MM in taxes, but the penalties will get higher with any more significant additions.

The Jays almost certainly aren’t done. They’ve been loosely linked to Kyle Tucker and have interest in re-signing Bo Bichette. It seems fair to assume they won’t sign all three of this offseason’s top free agents, but a Bichette reunion could still be in play. They’ve also been linked to late-inning bullpen help, ideally a proven closer who’d push Jeff Hoffman into a leverage role in the seventh and eighth innings.

Cease rejected a qualifying offer from the Padres. The Jays are hit with the highest penalty to sign a qualified free agent because they paid the competitive balance tax this year. They’ll surrender their second- and fifth-highest selections in the 2026 draft plus $1MM from their international bonus pool in 2027. San Diego also paid the luxury tax this year, so they’re entitled to the lowest form of compensation: a selection after the fourth round next summer. They’ll get another of those if/when Michael King signs elsewhere.

Jon Heyman of The New York Post first reported the Blue Jays and Cease were in agreement on a seven-year, $210MM deal. Ken Rosenthal of The Athletic was first on the presence of deferrals, while Mitch Bannon of The Athletic reported the approximate $26MM AAV.

Image courtesy of Christopher Hanewinckel, Imagn Images.

Tigers Among Teams Interested In Pete Fairbanks

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The relief market has been the most active element of free agency so far, with Devin Williams, Ryan Helsley, Raisel Iglesias and Phil Maton among the most prominent names off the board thus far. Former Rays closer Pete Fairbanks has seen his name pop up frequently early on as well, drawing connections to the Marlins, Blue Jays and Dodgers. MLB Network’s Jon Morosi adds the Tigers to the list of clubs with interest in Fairbanks.

Tampa Bay’s decision to decline an $11MM option on Fairbanks was a moderate surprise. He’d just wrapped up his healthiest season and has been a quality ’pen arm for Rays skipper Kevin Cash dating back to 2020. Since that shortened season, the 31-year-old Fairbanks (32 in two weeks) sports a collective 2.87 ERA, 88 saves, 30 holds, 30.2% strikeout rate and 9.2% walk rate. That includes a 2.83 ERA and career-high 27 saves this past season (in a career-high 60 1/3 innings).

That said, Fairbanks comes with his share of red flags. Beyond turning 32 this month, he’s seen his velocity, strikeout rate and swinging-strike rate all dip in recent seasons. He’s averaged 97.3 mph on his heater in each of the past two seasons, which is still well above average but noticeably down from the pitch’s peak average of 99 mph. Fairbanks set down nearly 35% of his opponents on strikes from 2020-23 but is at 24% over the past two years. He sat 15.1% with his swinging-strike rate from 2020-22 but is down to 11.3% in 2024-25 — roughly in line with the league average.

None of these trendlines suggest that Fairbanks is suddenly a bad reliever, but he’s not quite as dominant as he once was. He’s also missed considerable time with injury over the years. Since 2021, Fairbanks has been placed on the injured list six different times. That’s been due to a pair of lat strains, shoulder inflammation, forearm inflammation, a nerve issue and hip inflammation. This past season’s 60 1/3 innings weren’t just a career-high — they marked the first time Fairbanks has completed even 46 innings in a major league season.

For a budget-crunched club like the Rays, the $11MM price point was understandably steep. Still, many expected the team to trade Fairbanks before the option decision was due. The Rays clearly weren’t able to find a club willing to give up minor league talent and commit to an $11MM payday for Fairbanks on day one of the offseason. Tampa Bay could’ve picked up the option and tried to trade him down the line, but their early shopping of the right-hander already spelled out that they weren’t keen on paying him $11MM. Trying to trade him after picking up the option ran the risk of needing to pay down even more than the $1MM buyout Fairbanks received in order to acquire a middling return — not exactly appealing for the Rays.

Just because Fairbanks wasn’t traded doesn’t mean his eventual price point will come in under $11MM. A two-year contract remains plenty plausible, particularly if it’s at a slightly lower annual rate. Even on a two-year pact, it’s possible some clubs might now value him differently after seeing other targets come off the board and/or after freeing up payroll space with some of their own early dealings.

The Tigers are an obvious fit for Fairbanks — or for any late-inning reliever in general. Detroit saw Kyle Finnegan, Rafael Montero, Paul Sewald and Tommy Kahnle all reach free agency at season’s end. Will Vest, Tyler Holton, Brenan Hanifee and Brant Hurter all posted quality ERA marks, but Vest is the only one of that quartet who did so with a plus strikeout rate and while pitching consistently in high-leverage settings.

Detroit general manager Jeff Greenberg has already said the team will “certainly” be in the market for a bullpen arm or two. President of baseball operations Scott Harris has also publicly called out the relief corps as an area of focus. The Tigers are hoping to re-sign Finnegan, who dominated for them after coming over from the Nats at the July trade deadline, and they were reported to have interest in Williams before he agreed to a three-year, $51MM deal with the Mets last night. The Tigers are surely casting a wide net in their search for ’pen help, but there’s been enough early interest in Fairbanks that some have speculated he could sign in the relatively near future.

Nationals Have Discussed MacKenzie Gore With Multiple Clubs

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Nationals left-hander MacKenzie Gore is a logical trade candidate this winter. According to Kiley McDaniel and Jeff Passan of ESPN, Washington’s new president of baseball operations Paul Toboni has discussed Gore with multiple unnamed clubs but has a high asking price.

The case for the Nats to listen on Gore is straightforward. The club’s rebuild stalled out to a point that the franchise is undergoing a major shakeup. They fired president of baseball operations Mike Rizzo and managed Dave Martinez in the summer. Toboni and Blake Butera are now in to replace them. The club would not have gone down that road if they expected a return to contention in the short term. Presumably, the new guys will have a few years of leeway to steer the ship in a new direction.

Gore is 26 years old, turning 27 in February, and is two years away from free agency. As a Boras client, he isn’t terribly likely to sign an extension this close to the open market. He is projected by MLBTR contributor Matt Swartz for a salary of just $4.7MM and would be due another raise in 2027. Over the past two seasons, he tossed 326 innings for the Nats with a 4.03 earned run average.

He showed a higher level of upside for most of 2025. He had a 3.02 ERA through the All-Star break. His 7.7% walk rate was better than average and his 30.5% strikeout rate was quite strong. Only four qualified pitchers were ahead of him in terms of that strikeout rate, an impressive set of names which included Tarik Skubal, Zack Wheeler, Garrett Crochet and Hunter Brown.

He didn’t finish on a high note, however. He twice went on the injured list in the second half, once due to shoulder inflammation and the second time due to a right ankle impingement. Around those IL stints, he had a 6.75 ERA, bringing his season-long ERA up to 4.17.

Combining the club’s situation with Gore’s talent, affordability and window of control, there’s a clearcut case for him to be available. For all those reasons, MLBTR ranked him #1 on our list of the Top 40 Trade Candidates, which was published at the beginning of the offseason. That makes it unsurprising that Toboni has discussed Gore with various clubs this winter. It would be more surprising if he hadn’t.

What remains to be seen is if he gets an offer he considers strong enough to accept now. There’s an argument that perhaps he should wait until the trade deadline. It would give the newly-hired Toboni more time to get settled in and build out his staff before making a potentially franchise-altering move. As mentioned, Gore didn’t finish 2025 on a strong note. Perhaps a good start to the 2026 campaign would increase his trade value relative to today. During the offseason, interested teams can pivot to free agency, an option they won’t have in July.

On the other hand, it’s also possible that Gore will have less trade value a few months from now. If he suffers a notable injury in the first few months of the season or perhaps just posts some numbers that are more decent than ace-like, that could have a negative impact on the offers coming into Washington.

What might work in the Nats’ favor is that some other speculative trade candidates might be less available. Sonny Gray has already come off the board, having been traded to the Red Sox. The Marlins were expected to have Sandy Alcantara and/or Edward Cabrera on the block but they reportedly might need to add payroll this winter, making a trade less likely. The Twins seemed to kick off a rebuild at the trade deadline but president of baseball operations Derek Falvey recently pushed back on the idea that the team will keep selling. Perhaps that means Joe Ryan and Pablo López will stay in Minnesota.

Teams like the Brewers, Pirates and Royals could have pitching to move but they would likely be looking for big leaguers in return. The Nats, presumably, would be focused more on prospects who can help in the long term. For teams shopping in that aisle, Gore is the most attractive option.

Photo courtesy of Eric Hartline, Imagn Images

MLBTR Chat Transcript

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Steve Adams

  • Good morning! Chatting a bit early today, as I have some afternoon commitments. Feel free to send in questions ahead of time, as always. We’ll get going at 11am CT!
  • Hello! I’ll get going in a minute. Feel free to start adding questions to the pile!

Question

  • How many questions do you guys usually get on these chats?

Steve Adams

  • Several hundred. More as we get closer to the Winter Meetings, trade deadline, busier times of year in general. I think last week topped out around 800 participants, and I imagine we’ll hit similar or greater levels this time around

Leave it to Beavers

  • Is Bubic available? Would Heston Kjerstad be enough for a 1 for 1 or has his stock fallen too far?

Steve Adams

  • The Royals are open to moving a starting pitcher for an outfielder. President of baseball ops JJ Picollo has publicly said as much. Bubic only has one year left before free agency, so he’s certainly someone they’ll listen on.That doesn’t mean they’re outright shopping him, however. And while Kjerstad was a high-profile prospect for several years, I think his stock has cratered so much that I wouldn’t give much consideration to trading Bubic for him. I’m not convinced Kjerstad even makes it through the offseason on Baltimore’s 40-man roster.

DC Fan

  • Odds CJ Abrams gets traded?  Nunez is pretty good.

Read more

 

Willson Contreras Becoming More Open To Waiving No-Trade Clause

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Entering the offseason, two of the Cardinals’ three pricey veterans — Sonny Gray and Nolan Arenado — made clear that they were more willing to waive their no-trade clause this winter than they were last. Gray said he’d “definitely” consider the possibility after chatting with new president of baseball operations Chaim Bloom about the team’s direction. He’s already been shipped to the Red Sox. Arenado said he’d consider a broader range of teams this winter than last. He remains with St. Louis and will be extremely challenging to trade given his multiyear decline at the plate and the two expensive years left on his contract.

The Cardinals’ third spendy veteran, first baseman Willson Contreras, said on the final weekend of the season that he’d be open to trade scenarios if they made sense for both the organization and his own personal future but emphasized that his preference was to remain in St. Louis. Now, however, Katie Woo of The Athletic reports that Contreras has become increasingly open to waiving his no-trade protection to greenlight a deal if he deems the new club to be a good fit.

Perhaps seeing Gray moved and witnessing a deluge of rumors about teammates like Arenado, Brendan Donovan, Lars Nootbaar, JoJo Romero, Nolan Gorman and others has proven eye-opening for Contreras. Maybe watching the 2025 postseason simply reignited his aspirations to return to the playoffs. Whatever the reason, it’s notable that Contreras is now signaling a greater willingness to approve a deal.

That doesn’t make it a foregone conclusion that he’ll be traded. Contreras’ contract isn’t as complicated as that of Gray or Arenado, but it’s not exactly a raucous bargain in its own right. He’s guaranteed $36.5MM over the next two seasons, plus a $5MM buyout on a club option for the 2028 season. That’s $41.5MM still guaranteed to him overall. Would a 33-year-old Contreras (34 in May) command that type of contract in free agency right now? It’s possible, but he likely wouldn’t earn much beyond that.

Contreras is coming off a strong overall season. He hit .257/.344/.447 with 20 home runs, 31 doubles, a triple, five steals, a 25.2% strikeout rate and a 7.8% walk rate. By measure of wRC+, he was 24% better than league-average at the plate. His defense at first base — his first year at the new position — drew strong marks from Statcast (6 Outs Above Average) and a roughly average grade from Defensive Runs Saved (-1). It’s not far-fetched to think his glove will improve as he gains more seasoning at his new defensive home.

The Astros signed Christian Walker for three years and $60MM last offseason, a contract that began with his age-34 season. In that sense, one could argue that Contreras’ contract is about market value from an AAV vantage point ($20.75MM AAV on the remaining guarantee) but is more appealing in that it’s a year shorter. Then again, Walker was an elite defensive first baseman who’d his 95 home runs across the three prior seasons; Contreras was a good-not-great defender in ’25 and has hit 55 home runs over the three prior seasons.

The Cards were willing to pay down around half the money remaining on Gray’s contract to get a decent return. They wouldn’t need to eat as much of the Contreras deal to move him, but the more money they absorb, the better the return they can seek. Trading him without paying down any of the remaining salary likely wouldn’t net much of a return at all.

If the Cardinals are willing to eat some of that cash, there should be no shortage of interest in the three-time All-Star. Clubs like the Red Sox (again!), Rangers, Orioles, Guardians, Mets, Marlins and Padres are lacking certainty at first base and/or designated hitter. The Cardinals appear willing to deal within the division, too, which could make Cincinnati or Pittsburgh viable on-paper fits. Could a catching-needy team go outside the box and acquire Contreras with an eye toward putting him back behind the plate? That might be a reach, but it’s a very thin market for catching both in free agency and trade this offseason.

For the Cards, the benefit of trading Contreras is straightforward. Obviously, trimming payroll ahead of a season (likely multiple seasons) where the team doesn’t expect to compete for a World Series would be preferable for ownership. Moving Contreras and including cash in the deal could also net prospect talent of some note, furthering the clear rebuilding efforts.

Trading Contreras would also open first base full-time for Alec Burleson, thereby creating more room in the outfield for players like Joshua Baez, Nathan Church and the seemingly stalled out Jordan Walker (among others). They could also continue giving Burleson some occasional reps in left field and at DH, thus opening more first base reps for Gorman, whose playing time elsewhere in the infield is going to be cut into by top prospect JJ Wetherholt. Then again, Gorman himself could be traded this winter.

Contreras is just one of many Cardinals who could find himself on the move before too long this winter. Bloom & Co. are known to be working to trade Arenado while listening to offers on Donovan, Romero, Nootbaar, Gorman and others. At this point, Contreras and Arenado are the only two Cardinals who are guaranteed any money beyond the current season.

Mets Not Ruling Out Edwin Diaz Reunion Despite Williams Signing

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Dec. 2:  While the Mets do still hope to re-sign Díaz, there’s been a gap in talks. Will Sammon of The Athletic reports that while Díaz has indeed been seeking a five-year pact, the Mets’ preference has been to limit the commitment to a three-year term (presumably at a top-of-the-market annual value).

Dec. 1: The Mets are adding Devin Williams to the back of their bullpen on a three-year contract. That gives them an established closer if Edwin Díaz signs elsewhere, but it apparently won’t completely shut the door on Díaz staying in Queens.

Anthony DiComo of MLB.com was among those to report that the Mets still have interest in re-signing Díaz. It seems Williams is on board with that plan, as DiComo writes that the new signee is open to pitching in a setup capacity if the Mets bring back their incumbent closer. Díaz rejected a qualifying offer and is reportedly seeking a deal in the five-year, $100MM range. At last month’s award ceremony, the three-time All-Star put the chance of a reunion around 50-50. “If they came with the best deal for me, I’d enjoy to stay with them,” Díaz told reporters at the time, “but at the end of the day, I don’t know what they’re thinking.”

The Williams signing presumably reduces the odds of a Díaz return. The Mets might feel more comfortable walking away and collecting a compensatory draft pick now that they no longer need a closer. Yet they certainly still need to add in the late innings. Tyler Rogers, Ryan Helsley, Gregory Soto and Ryne Stanek also all hit free agency. If Williams were penciled into the ninth, Huascar Brazoban would be their most established right-handed setup man. They should bring in another two high-leverage relievers at least.

Díaz is also simply an upgrade over Williams in the ninth inning. While there’s reason for optimism in the latter’s track record and underlying metrics, he’s a bit of a gamble coming off an uneven year with the Yankees. Díaz has no such concerns, as he posted a 1.63 earned run average while striking out 38% of opponents across 66 1/3 innings last season. He went 28-31 in save chances. That’ll be reflected in their respective contracts, but the bullpen would look a lot more formidable with Williams in the eighth and Díaz back in the ninth.

The Blue Jays are the only other team that has been publicly linked to Díaz this offseason. Teams like the Dodgers, Giants, Yankees, Tigers, Red Sox, Cubs, Diamondbacks and Angels could also be in the mix for high-leverage bullpen help.

Braves Sign Danny Young

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The Braves announced Tuesday morning that they’ve signed left-handed reliever Danny Young to a one-year, major league contract. It’s a split deal, paying the 31-year-old at different rates for time spent in the majors versus time in the minors. Young, a client of Dynamic Sports Group, goes onto Atlanta’s 40-man roster. He’ll be paid at a $925K rate in the majors, MLBTR has learned.

This will be Young’s second stint in Atlanta. He spent the 2023 season with the Braves organization as well, pitching 8 1/3 terrific innings in the majors and struggling in 15 2/3 minor league frames. Injuries limited his time on the field that year, and that’ll be the case in 2026 as well. Young has spent the past two seasons pitching well out of the Mets’ bullpen but underwent Tommy John surgery last May. By signing in Atlanta, he’ll reunite with Jeremy Hefner — his pitching coach with the Mets who has left and taken the same title with the Braves.

Young will open the ’26 season on the injured list as he finishes off the rehab from that Tommy John procedure. A source tells MLBTR that he began throwing last month and is targeting a return to game action before the All-Star break.

Young has pitched in parts of four major league seasons. He’s totaled 60 2/3 innings in that time and logged a 4.01 earned run average with far more intriguing rate stats: 29% strikeout rate, 9.3% walk rate, 53.3% ground-ball rate. Metrics like SIERA (3.02) and FIP (3.23) feel he’s been far better than his ERA would indicate, which isn’t a surprise considering his solid rate stats but bloated .344 average on balls in play.

Once spring training opens, Young will very likely be transferred to the 60-day IL to open a spot on the 40-man roster. If Atlanta needs that spot sooner, they could run him through waivers in the offseason. The salary terms might allow Young to go unclaimed, and while he’d have the right to reject an outright assignment in favor of free agency, doing so would require forfeiting the guaranteed money on his split major league and minor league rates of pay.

If Young stays on the 40-man roster/60-day injured list until the time of his activation, he’ll give Atlanta another southpaw option in a bullpen that already includes Dylan Lee and Aaron Bummer. Out-of-options lefties Dylan Dodd and Joey Wentz are also penciled into bullpen spots at the moment.

Should Young bounce back to form, he’s a potential long-term piece in the Atlanta ’pen. He enters the 2026 season with only 1.160 years of major league service time, meaning he can be controlled for five more seasons — all the way through 2030. Obviously, there’s a long way to go before that long-term control comes into play, but the fact that the Braves put him directly onto the 40-man roster suggests an openness to plugging Young into the mix beyond the current season if he performs well; notably, Bummer is a free agent following the 2026 campaign.

The Opener: Relief Market, Mets, MLBTR Chat

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Here are three things for MLBTR readers to keep an eye on throughout the day:

1. Relief market buzzing:

Last night saw the Mets sign right-hander Devin Williams to a three-year, $51MM deal (with $15MM in deferrals). It’s the latest in a string of relief signings that also includes deals for Ryan Helsley, Raisel Iglesias, and Phil Maton. With three impact closers already off the board and a number of teams (including the Blue Jays, Dodgers, and Marlins) known to be looking for relief help this winter, that can only be good news for the remaining high-leverage relief arms on the market. Edwin Diaz remains at the front of the pack, with Robert Suarez, Pete Fairbanks, Emilio Pagan, and Kyle Finnegan among the many noteworthy bullpen arms still available on the market.

2. Mets land a big fish:

Last night’s Williams deal provides cover for the Mets if Diaz winds up signing elsewhere, though they’re also not ruling out a reunion with their star ninth-inning man. Regardless of what happens with Diaz, there’s plenty more work to be done for the Mets this winter. Pete Alonso needs to be re-signed or replaced on the infield, there are multiple holes in the outfield, and trade candidacies for players like Jeff McNeil and Kodai Senga have yet to be resolved. And that’s all before considering the Mets’ well-known desire to improve the front of their rotation this winter. It’s already been a busy offseason in Queens — the Mets also swapped out Brandon Nimmo for Marcus Semien — but president of baseball operations David Stearns shows no signs of slowing down yet.

3. MLBTR chat today:

The offseason is underway, and the hot stove is starting to sizzle. Five of MLBTR’s top 50 free agents have signed so far (in addition to the four who accepted qualifying offers), and the trade market has started buzzing early as Taylor Ward, Grayson Rodriguez, Marcus Semien, and Brandon Nimmo have all changed hands in the first few weeks of the offseason. Whether your team is looking to load up for a playoff run next year or rebuild for the future, MLBTR’s Steve Adams has you covered in a live chat at 11am CT later today. You can click here to ask a question in advance, join in live once the chat begins, or read the transcript once the chat is complete.

Mets, Devin Williams Agree To Three-Year Deal

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Another free agent reliever has come off the board. The Mets are reportedly in agreement with Devin Williams on a three-year deal that guarantees the Klutch Sports client $51MM, though the net present value is knocked down by $15MM in deferrals.

Williams receives a $6MM signing bonus that’ll be paid in $2MM installments. He receives $15MM annual salaries, $5MM of which is deferred each season. (Signing bonuses are paid even in the event of a work stoppage, while players would not receive salaries for any games lost to a 2027 lockout.) There’s also reportedly a $1MM assignment bonus in the event of a trade.

A second-round pick by the Brewers in 2013, Williams took a while to climb through the minor leagues as a starting pitcher. He took off after being moved to the bullpen in 2019, climbing from Double-A to the big leagues by the end of that season. Williams emerged as one of the sport’s best late-game weapons by his first full big league season. He turned in a 0.33 ERA across 27 innings during the shortened 2020 schedule and claimed the National League Rookie and Reliever of the Year Awards.

The righty continued to dominate over the next few seasons, forming a lethal back-end duo with Josh Hader. Mets president of baseball operations David Stearns had a front row seat as Milwaukee’s front office leader for most of that tenure. Williams stepped into the ninth inning when Milwaukee sent Hader to San Diego at the ’22 deadline. He reeled off 36 saves in 40 tries with a 1.53 ERA to win his second career Reliever of the Year honors a year later.

Over his first four full seasons, Williams pitched to a 1.75 ERA while striking out 40.5% of opposing hitters. Heading into 2024, there was a decent argument for him as the best reliever in MLB. He hit his first real setback that Spring Training, as testing revealed two stress fractures in his back. He didn’t make his season debut until shortly before the trade deadline. Williams looked every bit as dominant during the regular season, reeling off 21 2/3 frames of three-run ball with 38 strikeouts to finish the year. His season ended in heartbreak fashion, as he surrendered a go-ahead homer to Pete Alonso in the final game of the Wild Card Series.

That wound up being Williams’ final action in a Milwaukee uniform. Before his last year of arbitration, the Brewers flipped him to the Yankees for starter Nestor Cortes and rookie infielder Caleb Durbin. The Yankees felt they were acquiring one of the ten best relievers in the sport. Williams’ results, at least, didn’t come close to those expectations.

The 31-year-old righty had an inconsistent lone season in the Bronx. He was terrible early on, giving up multiple runs in three of his first 10 appearances. Consecutive poor outings at the end of April led the Yankees to move him to a setup role and put Luke Weaver back into the ninth inning. Williams had one more rough appearance in early May before settling into a groove over the next few weeks. He returned to closing when Weaver landed on the injured list at the beginning of June.

Williams was lights out from that point through the All-Star Break. He gave up runs in seven of his first nine appearances of the second half, though, and the Yankees pushed him out of the closer role for good when they acquired David Bednar at the trade deadline. Williams posted a 5.06 ERA in the second half despite striking out nearly 40% of batters faced — the second-best rate among qualified relievers behind Mason Miller. He worked in a setup capacity late in the season and into the playoffs. Williams tossed four scoreless frames with four strikeouts in the postseason.

The end result was a career-worst 4.79 earned run average over 67 appearances. The Mets are placing a decent sized bet that the poor run prevention was a fluke. Opponents had a .339 batting average on balls in play when runners were on base. That’s easily the highest mark in Williams’ career (aside from his brief 2019 debut). He had a very difficult time stranding runners as a result. While relievers certainly need to be able to work out of tough situations, that had never previously been an issue.

Batted ball metrics can be volatile, especially for relievers who only throw 60-70 innings in a season. Williams’ stuff still grades out extremely well, and he remains capable of missing bats at a level that few other pitchers can match. He struck out 34.7% of opponents behind a 16.8% swinging strike rate. Those are down slightly from his usual marks but remain among the best in MLB. Among relievers with 50+ innings, Williams finished eighth in strikeout rate and 10th in whiffs.

Williams has two pitches which he has used at roughly equal rates over the past couple seasons. His fastball sits around 94 MPH and while it’s a good pitch, his standout offering is his unique “Airbender” screwball/changeup. The pitch still moves unlike any other changeup in the league, and opponents have hit below .200 against it in every full season of his career.

The underlying numbers made Williams a popular “buy-low” target among teams and fanbases. That is borne out in the contract to an extent. Williams might have been in the running for a $100MM deal had he posted another sub-2.00 ERA season. It didn’t force him to settle for a pillow contract, as he’s still being paid as a high-end reliever. Williams falls well short of the four years and $72MM which Tanner Scott commanded last winter, but he’s within the $46-58MM range in which closers Robert Suarez, Liam Hendriks and Raisel Iglesias have found themselves over the past few offseasons. He came up shy of the four years and $68MM which MLBTR had predicted in ranking him the second-best reliever in the class.

While an ugly walk year ERA still has some impact on a pitcher’s market, Williams is the third example this offseason of teams placing a decent amount of emphasis on stuff and whiffs in spite of that. Dylan Cease commanded a seven-year deal from the Blue Jays coming off a 4.55 ERA over 32 starts. Ryan Helsley pulled $14MM annually from the Orioles on a two-year contract with an opt-out despite a brutal finish to his 2025 season with the Mets. It’s easier for clubs to place that kind of bet on pitchers coming from a different team. The Mets were never likely to bring back Helsley, and while the Yankees reportedly kept in contact with Williams’ camp, they also opted not to issue him a $22.025MM qualifying offer that probably would have kept him around on a one-year deal.

The Mets obviously don’t feel that Williams is incapable of succeeding in New York. He’ll slot into a key late-inning role in Carlos Mendoza’s bullpen. He projects as the closer for now but could slide back into a setup capacity if the Mets bring back Edwin Díaz, which they’re reportedly still considering. If the Mets allow their longtime closer to walk, they’ll need to bring in multiple right-handed setup arms to bridge the gap to Williams in the ninth.

RosterResource projects the Mets’ 2026 payroll and luxury tax commitments in the $277-280MM range. They’re likely to end up beyond the $304MM final surcharge threshold by the time they address the rotation, bullpen, and/or first base and the corner outfield. The estimate from FanGraphs currently has them in the second tier of penalization — just below the $284MM cutoff for Tier 3. They’re taxed at a 62% rate for spending between $264MM and $284MM, so the Williams signing comes with an approximate $8-10MM tax hit depending on the calculation of the net present value. They’ll pay a 95% tax on spending between $284MM and $304MM and a 110% bill on any money beyond $304MM.

Will Sammon of The Athletic reported that the Mets and Williams had agreed to a three-year deal. ESPN’s Jeff Passan noted that the guarantee was above $50MM, while Jon Heyman of The New York Post had the salary/bonus/deferral breakdown. The Athletic’s Ken Rosenthal was first on the assignment bonus.

Image courtesy of Wendell Cruz, Imagn Images.

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