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Padres Notes: King, Kelly, Darvish

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The Padres reunited with Michael King this past week on a three-year deal that offers him the opportunity to opt out in each of the next two offseasons. As noted by Jeff Sanders of the San Diego Union Tribune, however, negotiations between the two sides didn’t kick into gear until very recently.

Sanders notes that president of baseball operations A.J. Preller instructed manager Craig Stammen and pitching coach Ruben Niebla to message King less than two weeks ago to see if King was interested in returning to San Diego. At the outset of the offseason, the right-hander initially preferred a return to the east coast, where he pitched for years with the Yankees after growing up in Rhode Island and going to college in Boston. King indicated to reporters (including Sanders) that while some teams had “blown [him] away” with strong offers, he didn’t believe those teams had the roster and commitment to winning necessary to field a World Series contender in 2026. King added that he was prioritizing winning “for the duration of the contract,” and that he was willing to take less in order to make that happen.

It seems that ended up being what he did with San Diego, which Sanders adds was the only west coast team King had interest in playing for. While King’s $75MM guarantee came in just shy of the $80MM guarantee MLBTR predicted for the right-hander at the outset of the offseason, it’s nonetheless a strong deal given the higher average annual value and opt-out opportunities after each season. With that said, King clearly was trending towards a nine-figure contract prior to his injury woes this past season. It’s not inconceivable that there was a team willing to look past the medical concerns and offer him that sort of deal this winter, given King’s comments. The Marlins, Cubs, Orioles, Yankees, and Red Sox were among the teams known to have interest in King’s services this winter, though Jon Heyman of the New York Post reports that the Yankees ultimately never made an offer to the righty.

With King in the fold alongside Nick Pivetta and Joe Musgrove, Preller indicated that he’s satisfied with the front of the club’s rotation. It seems the Padres had a strong desire to add to the front of their rotation this winter, however, as Sanders reports that San Diego made a “competitive” offer to right-hander Merrill Kelly before landing King. Kelly ultimately landed with the Diamondbacks on a two-year, $40MM deal. The Athletic’s Ken Rosenthal recently reported that Kelly received a three-year offer from a west coast team that would’ve guaranteed the right-hander “more than $50MM,” and it’s not clear if the Padres were the team references in Rosenthal’s report, it certainly wouldn’t be a shock if the “competitive” offer Sanders reports that San Diego made to Kelly was in that ballpark. A three-year offer in that range could theoretically have been similar to the four-year, $55MM contract the team signed Pivetta to last winter.

Perhaps Preller’s desire to add a front-of-the-rotation arm this winter in part stems from uncertainty surrounding Yu Darvish’s future. The veteran right-hander underwent UCL surgery last month that will keep him out of commission for at least the entire 2026 campaign. What’s more, Kevin Acee of the San Diego Union-Tribune reported earlier this week that Darvish is not certain if he’ll pitch again following his rehab process. The 39-year-old hurler was limited to 15 starts this past year due to injury and struggled when he did take the mound, with a 5.38 ERA in 72 innings of work. Given that he’ll celebrate his 41st birthday during the 2027 season, it’s perhaps not a shock that Darvish is uncertain about his ability to return to a major league mound after this latest health-related setback.

Of course, the possibility of Darvish stepping away from baseball is complicated by his contract situation. The veteran righty is under contract for $16MM in 2026 and is set to make $15MM per year in both 2027 and 2028. If Darvish were to retire, as Acee has reported he’s contemplating, He would stand to lose out on at least some of that money. It’s also possible that Darvish and the Padres could negotiate a buyout, not unlike the process the Angels and Anthony Rendon are reportedly in the midst of ahead of the final year of his contract with the organization. Perhaps that sort of buyout could help create financial flexibility for the budget-conscious Padres, who have had to get creative with their contracts in recent years in order to remain competitive and continue spending in free agency.

Mets Outright Brandon Waddell

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The Mets assigned left-hander Brandon Waddell outright to Triple-A yesterday, as noted by Anthony DiComo of MLB.com. Waddell had been designated for assignment earlier this week to make room for catcher Drew Romo on the 40-man roster.

Waddell, 31, returned to the majors for the first time since 2021 this year. Prior to the 2025 season, Waddell had pitched 12 2/3 MLB innings across four different organizations during the 2020-21 seasons. He posted a 5.68 ERA and 6.41 FIP during that time. His results were much better this time around, as he delivered a solid enough 3.45 ERA with a 4.54 FIP across 31 1/3 innings of work as a long relief arm for the Mets this year. While Waddell’s top-level run prevention numbers weren’t bad, the peripherals told a different story. A 16.4% strikeout rate left much to be desired, and the lefty’s 37.4% ground ball rate, 10.0% barrel rate, and 8.2% walk rate were nothing to write home about either.

Waddell’s time with the Mets came on the heels of a three-year run of solid work in the KBO league, where he pitched for the Doosan Bears. In 43 KBO starts, Waddell posted a 2.98 ERA while posting a respectable 21.1% strikeout rate and generating grounders on more than 50% of his batted balls. It was a much more encouraging profile over all than the one he flashed in the majors with the Mets this past year, and Waddell’s 5.02 ERA in 75 1/3 Triple-A innings in 2025 offer little encouragement headed into 2026. While the lefty might not look to be a solid rotation option like other KBO pitchers (such as Erick Fedde and his quality performance for the White Sox and Cardinals in 2024) have proven themselves to be in the past, he’s a perfectly useful non-roster depth piece for the Mets.

That’s what he’ll be headed into 2026, though given the uncertain state of the Mets’ pitching staff it’s not impossible to imagine injuries allowing Waddell to force his way back onto the MLB roster at some point next year if he can turn his numbers at Triple-A around. Of course, that will depend on the club’s moves going forward this winter. It’s possible the team could make rotation additions that would push youngsters like Jonah Tong and Brandon Sproat into depth roles themselves, minimizing Waddell’s opportunities to get back to the majors. With that said, it’s also not impossible to imagine those same young hurlers getting discussed in trade talks, and a trade of one or both of those young righties could make Waddell one of the team’s top non-roster depth arms alongside Robert Stock.

Details On Ketel Marte’s No-Trade Protection

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The seven-year contract extension Ketel Marte signed with the Diamondbacks last April included a five-team no-trade clause, which adds an interesting wrinkle to the trade rumors that have swirled around the former NLCS MVP in recent weeks.  As reported by The Athletic’s Ken Rosenthal, the Athletics, Cardinals, Giants, Pirates, and Yankees are the five teams included on Marte’s current list, which can be updated every offseason.

There are any number of reasons why a player may include a particular team on a no-trade list, and it is worth noting that Marte could still ultimately approve a deal to any of these clubs.  There is no obvious geographic link between the five teams, and while the Yankees were the only member of the group to reach the 2025 playoffs, the Giants, Pirates, and even the A’s are all looking to compete in 2026.  The Cardinals are in rebuild mode, so it is safe to say they weren’t in the running to acquire Marte anyway.

Interestingly, the Pirates and Giants have been linked to Marte’s trade market.  Now that Pittsburgh has landed Brandon Lowe from the Rays in yesterday’s big three-team swap, the Bucs may feel their second base needs have been addressed, though there is a world where Lowe could be a primary DH and Marte could still be brought aboard.  Still, there’s such a hefty amount of money remaining on Marte’s contract that a trade to the budget-conscious Pirates always seemed like an imperfect fit, and Marte’s no-trade list might well underline his own reservations about joining a team with just one winning season in the last decade.

San Francisco has also topped the .500 mark only once in the last nine seasons, but the Giants have been much more willing to spend in their bid to return to consistent contention.  While ownership is wary about making another long-term financial commitment, Marte’s deal could be viewed as a relative bargain, since he would land way more than $102.5MM on a six-year deal if he was a free agent this winter.

Second base is a need position for the Giants, though perhaps not as pressing as the club’s need for more rotation help.  Making a big splash in acquiring Marte might not be as big a priority, in that case, plus there are the added obstacles of Marte’s no-trade protection and the Diamondbacks’ probable reluctance to move the All-Star to a division rival.  San Francisco is considered to be one of the favorites to pry Brendan Donovan away from the Cardinals, so that might end up being the Giants’ big move to address the keystone.

The Giants and Pirates each play in pitcher-friendly ballparks, which might factor into Marte’s reasoning for including the teams on his list.  Sutter Health Park is extremely hitter-friendly, yet it is fair to wonder if Marte just doesn’t want to play in a minor league stadium for at least the next two seasons while the A’s await the construction of their new ballpark in Las Vegas.

The A’s have a big hole at second base, and acquiring Marte would add another top-tier bat to a lineup that already includes Nick Kurtz, Brent Rooker, Tyler Soderstrom, Jacob Wilson, and Shea Langeliers.  While the A’s have been a bit more willing to spend over the last year, Marte’s remaining salary would represent a new spending frontier for the traditionally low-payroll team.  Hypothetically, Luis Severino could be included in a Marte trade as salary offset, but that assumes Arizona (who needs rotation help) has any interest in Severino in the wake of his uninspiring 2025 season.

The Yankees are the most interesting inclusion on Marte’s list, as one would think he would welcome a chance to join a perennial contender.  Jazz Chisholm Jr. is already playing second base in the Bronx, but Chisholm is a free agent next winter, so Marte would represent a longer-term answer at the position.  Purely speculatively, any kind of Diamondbacks/Yankees trade involving Marte could see Chisholm going the other way, to give Arizona a one-year stopgap at second or third base.

Re-signing Cody Bellinger is thought be the Yankees’ top offseason priority, though New York might pivot to other backup plans should Bellinger sign elsewhere.  Landing Marte would certainly qualify as a substantial Plan B, yet his no-trade clause might make any potential trade a moot point.

Amidst all of the reports and speculation, it remains unclear if the Diamondbacks actually will trade away a star player who received such a lengthy contract extension less than a year ago.  With Lowe now in Pittsburgh, however, one big second-base trade chip has been removed from the board, leaving other teams in need of keystone help perhaps more open to meeting Arizona’s demands for Marte.  Beyond the Pirates and Giants, such teams as the Mariners, Rays, Red Sox, Blue Jays, Phillies, and Tigers have all reportedly shown some degree of interest in a Marte trade this winter.

Braves Sign Elieser Hernandez To Minors Contract

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The Braves signed Elieser Hernandez to a minor league deal back in November, as per the right-hander’s MLB.com profile page.  Hernandez spent the end of the 2025 season in the Blue Jays’ farm system, and he elected minor league free agency at season’s end.

Atlanta saw plenty of Hernandez during his days with the Marlins from 2018-22, as Hernandez posted a 5.04 ERA over 287 2/3 innings as both a starter and a reliever.  Miami parted ways with Hernandez in November 2022 by sending him to another NL East rival in the Mets, but Hernandez didn’t see any big league action during his lone season in New York, as injuries sidelined him for the majority of the year.

The righty caught on with the Dodgers and Brewers in 2024 and tossed 15 2/3 innings at the MLB level before electing free agency rather than outright assignment off of Milwaukee’s roster.  He then signed with the LG Twins of the Korea Baseball Organization since July 2024, and posted a 4.14 ERA, 27.17% strikeout rate, and 8.5% walk rate over 113 innings across the 2024-25 seasons.  This caught the attention of the Jays, but Hernandez’s minor league contract with Toronto resulted in just a 7.91 ERA in 19 1/3 frames with Triple-A Buffalo.

Over his 303 1/3 career innings in the Show, Hernandez has a 5.10 ERA, 7.6% walk rate, and a 21.8% strikeout rate.  His biggest problem has been the long ball, as Hernandez was taken yard 73 times during his relatively limited Major League career.  This inability to keep the ball in the park limited Hernandez’s effectiveness in any capacity as a starter or long reliever.

While Hernandez did do a better job of limiting homers in the KBO League and even in his brief stint with the Jays, his tough results in Buffalo suggest that the right-hander is still a work in progress.  The Braves will become the latest team to take look at Hernandez, and he’ll be one of many pitchers with MLB experience in Atlanta’s spring camp on minor league contracts.  Hernandez’s ability to start games might give him at least a leg up on a Triple-A assignment, though the Braves have plenty of starter-capable pitchers already on hand in a depth capacity.

Dodgers Sign Chuckie Robinson To Minors Contract

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The Dodgers have signed Chuckie Robinson to a minor league deal, according to the catcher’s MLB.com profile page.  It is a reunion between the two sides, as Robinson spent the bulk of the 2025 season in the Dodgers organization after being claimed off waivers from the Angels in May.

Robinson was designated for assignment and then outrighted off the 40-man roster within a few days of joining the Dodgers, and his previous stint with the team included a single MLB game on September 15.  This marked Robinson’s only big league playing time of the 2025 campaign, and the Braves then claimed the backstop off waivers a week later.  Atlanta outrighted Robinson off its 40-man roster in early November, and because he had a previous outright on his resume, Robinson exercised his right to become a free agent.

That lone game on September 15 was the 52nd Major League appearance of Robinson’s career, as he previously played in 25 games with the Reds in 2022 and 26 games with the 2024 White Sox.  Robinson has only a .131/.169/.192 slash line to show for his 138 plate appearances in the bigs, and even his career Triple-A numbers are pretty modest (.268/.329/.405 with 27 homers over 1039 PA).

Despite the lack of offensive pop, Robinson’s excellent defensive reputation has kept him on the radar as a backup option for multiple clubs.  He’ll now return to Los Angeles in a depth role, as the Dodgers are set behind the plate with All-Star Will Smith as the starter and former top prospect Dalton Rushing acting in a backup role.  Robinson is the only other catcher in the Dodgers’ system with any big league experience, so L.A. might look to bring in more catching help for Spring Training just purely for evaluation purposes, or so the team’s younger pitchers can work with another seasoned backstop.

Astros, Pirates, Rays Finalize Three-Team Trade Sending Brandon Lowe To Pittsburgh, Mike Burrows To Houston, Jacob Melton To Tampa

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The Astros, Pirates and Rays have completed a big three-team trade. Each team’s end of the deal breaks down as follows…

The Bucs have a full 40-man roster and will have to make two corresponding moves, which they have not announced yet.

Lowe is the biggest name of the bunch here. The 31-year-old has spent the past eight seasons with the Rays. In that time, he has established himself as one of the better power-hitting second basemen in the sport. Dating back to the start of 2019, he has hit 151 home runs. Among primary second basemen, only Marcus Semien and Jose Altuve are ahead of him in that category, with Semien having 178 homers in that span and Altuve 158.

That power production from Lowe is even more impressive when one considers that he did that in about one thousand fewer plate appearances than Altuve and about 1,600 shy of Semien. But that also demonstrates the main knock on Lowe, which is that he has had trouble staying on the field. Due to various injuries over the years, he has only twice been able to play more than 107 games in a season. Lower back problems have been a frequent issue but he’s also hit the injured list due to a right shin bone bruise, a right triceps contusion, a right patella fracture, a right oblique strain, left oblique tightness and left ankle/foot tendinitis.

Earlier in his career, the Rays moved Lowe between second base and the outfield corners. Presumably because of the injuries, he hasn’t been sent out to the grass since 2022. He has been almost exclusively a second baseman lately, with a few stints at first as well. His second base defense was once around league average but seems to have slipped as he has battled those injuries and pushed into his 30s. He was given a minus-13 grade from Outs Above Average this year and minus-14 from Defensive Runs Saved.

There’s also a bit of concern from his declining plate discipline. He has always had a high strikeout rate but offset that earlier in his career with solid walk rates. That hasn’t been the case lately, as Lowe walked in fewer than 8% of his plate appearances in each of the past two years.

The power has still been enough to carry the profile. Dating back to the start of 2024, he has 52 home runs and a .251/.309/.475 batting line. That translates to a 118 wRC+, indicating his offense has been 18% above league average overall. Despite the defensive shortcomings, FanGraphs credited him with four wins above replacement in 241 games over that two-year span. He is going to make $11.5MM in 2026 before he’s slated to reach free agency.

Though Lowe is an imperfect player, he will be a big upgrade for the Pirates. They had almost no offensive prowess to speak of in 2025. Spencer Horwitz was the only Pirate to produce a wRC+ higher than 101.

While the Bucs had a clear lack of offense, they have a huge pile of pitching talent. Paul Skenes is the clear headliner but they have plenty of other exciting young arms in the mix. After several years struggling to return to contention, the Bucs came into this winter looking to get aggressive in upgrading the offense.

They made some spirited attempts in free agency, making competitive offers to Kyle Schwarber and Josh Naylor before they re-signed with the Phillies and Mariners respectively. Even if the Bucs had succeeded in signing one of those guys or someone else, it always seemed likely that they would use their stockpile of young arms to bolster the offense. This is the second such trade of the offseason for the Bucs. They sent Johan Oviedo to the Red Sox earlier this month as part of a five-player swap, with outfielder Jhostynxon García coming back to Pittsburgh.

Lowe could jump in as the regular second baseman. The Bucs used guys like Jared Triolo, Nick Yorke and Nick Gonzales there in 2025 without anyone taking firm hold of the position. Given Lowe’s age, injury issues and defensive shortcomings, it’s also possible he sees significant time in the designated hitter slot. That would leave open some playing time for those guys, though Triolo and Gonzalez could also factor in at shortstop or third base.

Since Lowe is going into the final year of his deal, he’s just a one-year upgrade for the Pirates, though it’s possible they could make him a qualifying offer at season’s end if he has a healthy and productive campaign.

They had added yet another guy to their position player mix with Mangum, though he’s not likely to be a massive lineup boost. He got into 118 games with the Rays this year as a speed-and-defense guy with a contact-based approach. His 15% strikeout rate was lower than league average but he also only drew walks at a 4% clip and hit only three home runs. His .296/.330/.368 batting line translated to a 95 wRC+ but he stole 27 bases and got strong defensive grades in all three outfield slots.

Mangum has exactly one year of service time, meaning he’s at least two years from arbitration and five years from free agency. He also has a full slate of options, so he could be sent to Triple-A to serve as depth. The Bucs should have Oneil Cruz and Bryan Reynolds in two outfield spots. One spot is available with guys like García, Jack Suwinski, Marco Luciano and others in the mix. Mangum could push for a regular role or a gig as a fourth outfielder, or he could end up in Triple-A, as mentioned. A lengthy optional assignment could delay his trajectory to arbitration and/or free agency.

The Bucs also picked up a reliever in Montgomery. The southpaw tossed 55 2/3 innings for the Rays over the past two years, allowing 5.01 earned runs per nine. He struck out 32.5% of batters faced and got grounders on 45% of balls in play but also gave out walks at a big 13% clip. He has a high-90s fastball, as well as a cutter and a slider, but control is clearly an issue.

He is also optionable and can be controlled for five years, so the Bucs can see if they can help him harness his stuff, without having to commit a big league roster spot. Pittsburgh’s southpaw relief contingent is currently headlined by Gregory Soto, with Evan Sisk and now Montgomery also in the mix.

In order to get those players, the Pirates are making a notable subtraction from their rotation. Burrows, 26, was an 11th-round pick and spent many years in the middle range of Pittsburgh’s top 30 prospects. However, he has increased his stock lately. He has thus far tossed 99 1/3 innings in his big league career with a 3.90 ERA, 23.8% strikeout rate, 8.2% walk rate and 41.9% ground ball rate. He has averaged in the mid-90s with his four-seamer and sinker while also throwing a slider, curveball and changeup. He has also thrown 83 2/3 innings in the minors over the past two seasons with a 4.20 ERA, 27.4% strikeout rate and 9.6% walk rate.

The Pirates are hoping that their trades this offseason have bolstered their lineup and bullpen, while the rotation could still be a strength despite the subtractions. Even without Oviedo and Burrows, they still have Skenes, Mitch Keller, Braxton Ashcraft, Bubba Chandler, Hunter Barco, Thomas Harrington and others in the mix. Jared Jones is still recovering from Tommy John surgery but should rejoin that group at some point in 2026.

Burrows is a sensible addition for the Astros. Injuries tore apart their rotation in 2026. Luis Garcia required yet another elbow surgery and was jettisoned from the roster. Ronel Blanco, Hayden Wesneski and Brandon Walter all required Tommy John surgery during the 2025 season and are facing lengthy absences.

In addition to the injury issues, they also lost Framber Valdez to free agency and don’t appear likely to re-sign him. That’s because they are reportedly hoping to avoid the competitive balance tax in 2026. RosterResource pegs them for a CBT number of around $220MM, which is roughly $24MM shy of the $244MM base threshold. That gives them some ability to do things but they also have other needs on the roster and presumably want to keep some powder dry for midseason additions.

Put it all together and the Astros came into the winter with a rotation consisting of Hunter Brown and a series of question marks. Cristian Javier should have a spot next year but he had middling results in 2025 after recovering from his own Tommy John surgery. They can’t count on Lance McCullers Jr. for anything after he posted a 6.51 ERA in his return from a lengthy injury absence. Jason Alexander is in the mix but is a veteran journeyman. Spencer Arrighetti, J.P. France, Colton Gordon, AJ Blubaugh and Miguel Ullola are on the 40-man but they’re all either unestablished at the big league level or struggled with injuries in 2025.

Adding to the rotation was obviously necessary but the budgetary situation has impacted their approach. Instead of going after top free agents, they have given modest deals to reclamation project Nate Pearson and KBO returnee Ryan Weiss.

Burrows also fits into the low-cost mode. He has less than a year of service time, meaning he’s still years away from arbitration and even further from free agency. He also still has an option season remaining, so the Astros can send him to Triple-A throughout the year if other guys push him for a rotation spot.

To get that affordable rotation upgrade, they are subtracting from their outfield mix and their long-term pitching pipeline. Melton, now 25, debuted in 2025 but didn’t hit the ground running. He hit just .157/.234/.186 this year, though in a tiny sample of 78 plate appearances. A right ankle sprain cost him a decent chunk of the season, as he only got into 67 games between Triple-A and the majors.

His minor league work is naturally more impressive. Prior to this trade, many outlets considered him the top prospect in Houston’s system. He’s considered a plus outfielder and baserunner. Though his 2025 was shortened by injury, he swiped at least 30 bags in the two previous minor league seasons. In 1,146 minor league plate appearances, he has a 22.6% strikeout rate, 10.1% walk rate, 48 home runs, .255/.334/.462 line and 110 wRC+.

Though Melton had reached the big leagues, he was part of a somewhat jumbled outfield mix consisting of Jake Meyers, Cam Smith, Jesús Sánchez, Zach Cole and Zach Dezenzo, with Yordan Alvarez also in the mix from time to time when he’s not the designated hitter. Meyers has been in some trade rumors but Melton was perhaps more appealing to the Rays. Meyers is down to two years of club control and is projected by MLBTR contributor Matt Swartz for a $3.5MM salary next year.

Melton has less than a year of service time, so he comes with six full years of control. He also has two option seasons remaining, so the Rays can keep him in Triple-A if he hasn’t yet earned a big league job with them. The Rays effectively swap him into their outfield mix for Mangum. He’ll compete for playing time with Chandler Simpson, Josh Lowe, Cedric Mullins, Jake Fraley, Jonny DeLuca, Richie Palacios and others.

Brito is also an attractive piece but he’s farther away. An amateur signing out of Venezuela, he has limited professional experience, having not yet reached the Double-A level. Thus far, he has shown big strikeout stuff but he’s clearly still working on controlling his stuff. He has thrown 103 minor league innings over 2024 and 2025 with a 2.36 ERA, walking 11.7% of batters faced but also punching them out at a 35% clip. Baseball America had him ranked as the #3 prospect in the Astros’ system before the deal.

The Rays have been busy today, as they have also sent Shane Baz to the Orioles for four prospects and a draft pick. This deal is also future-focused for them, as they have sent out three big leaguers for two prospects. Given the young and controllable talent they acquired, it’s possible this is some kind of setback for a rebuild.

On the other hand, Lowe was already a classic Rays trade candidate, as he is relatively expensive for them and nearing free agency. Baz isn’t quite the same, as he can still be controlled for three more seasons, but he is projected for a $3.1MM salary next year. Maybe the Rays will now pivot to investing in the roster, now that they’ve saved some money and bolstered their farm system.

Given that this deal involves three teams and half a dozen players, most of whom are young and controllable for years to come, it’s going to take quite a while to determine whether it was wise for the clubs involved. For now, it aligns with their immediate needs.

The Astros have bolstered their rotation without having to pay big bucks. They have subtracted one of their top prospects in Melton, but from an area of the roster with some depth. Brito is another notable prospect gone but he’s been replaced by a pitcher who can provide more help in the near term.

The Rays have saved a bit of money by trading Lowe. They also subtracted a couple of other players but one of them was in a crowded outfield mix with some fourth outfielder tendencies, the other a clearly talented but volatile reliever.

The Pirates were widely expected to move starting pitching to try to add to their position player group and this is the second time this winter they have executed a trade with that aim. There’s a bit of risk in giving up a controllable starter for an injury-prone bat with just one year of control and a couple of fringier pieces, but they needed to do something for the lineup and free agency was proving challenging. They have gone the trade route instead and used their area of greatest strength to hopefully patch over weaknesses elsewhere.

Chandler Rome and Ken Rosenthal of The Athletic first reported the elements of the deal. Alex Stumpf of MLB.com and Francys Romero of BeisbolFR.com reported that the deal was done but pending medical reviews. Rome and Jeff Passan of ESPN reported that the deal was done.

Photos courtesy of Patrick Gorski, Kim Klement Neitzel, Nathan Ray Seebeck, Charles LeClaire, Mark J. Rebilas, Imagn Images

Rays Trade Shane Baz To Orioles

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The Orioles bolstered their rotation with an intradivision swap netting them right-hander Shane Baz from Tampa Bay, the teams announced Friday. In return, the Rays receive outfielder Slater de Brun, catcher Caden Bodine, right-hander Michael Forret, outfielder Austin Overn and a Competitive Balance Round A draft pick. Baltimore designated lefty Josh Walker for assignment to open a roster spot for Baz (more on that move here).

Baz, 26, will step right into Baltimore’s rotation. As is the case with the recently traded Grayson Rodriguez, Baz once ranked as one of the sport’s top pitching prospects. In fact, a look back at Baseball America’s top 100 prospects of the 2022 season shows Rodriguez at No. 6 and Baz right behind him at No. 8.

Baltimore, of course, traded Rodriguez and his remaining four years of club control to the Angels in exchange for the final year of club control over slugging corner outfielder Taylor Ward. Rodriguez hasn’t pitched in a big league game in nearly 18 months due to injuries. Baz has his own lengthy injury history but pitched a career-high 166 1/3 innings across 31 starts for Tampa Bay last season. The two are different pitchers with different skill sets and different levels of risk, and both are projects (to varying extents). But it’s nevertheless notable that the O’s shipped out one former top-10 pitching prospect and just weeks later effectively replaced him by acquiring another.

In 2025, Baz worked to a 4.87 earned run average but drew more favorable reviews from metrics like SIERA (3.95) and FIP (4.37). He fanned 24.8% of his opponents, issued walks at a 9% clip and kept the ball on the ground at a better-than-average 46.7% rate. Home runs were the biggest problem for Baz, who saw 15.6% of the fly-balls against him clear the outfield fence and allowed an overall average of 1.41 homers per nine innings pitched.

Specifically, Baz was homer-prone in right-on-right matchups. The Rays played last year’s “home” games at Tampa’s Steinbrenner Field (the Class-A affiliate for the Yankees) while Tropicana Field was undergoing repairs after significant damage at the hands of Hurricane Milton. Steinbrenner Field played as the second most homer-friendly venue in MLB for right-handed hitters, per Statcast’s Park Factors; Baltimore’s Camden Yards was still homer-friendly to righties, but not nearly to the same extent.

If Baz can rein in the home run woes and continue to stay healthy, he has the makings of a mid-rotation starter. Those aren’t trivial caveats, however — particularly the health one. Baz had arthroscopic elbow surgery prior to the 2022 season, returned to pitch 27 innings that summer, and then went back on the injured list due to an elbow sprain. He underwent Tommy John surgery that September and missed all of the 2023 season and the first half of the 2024 campaign.

Injury concerns notwithstanding, Baz sat 97 mph with his four-seamer this past season and got strong results on a new knuckle curveball that he hadn’t previously used in the majors. Opponents hit just .214 and slugged .321 against that newly implemented breaking pitch. Baz also works off a changeup and a cutter (getting better results with the former in 2025), rounding out a four-pitch arsenal.

The Orioles will control Baz for another three seasons. He’s a Super Two player who’s eligible for the second of his four arbitration raises this offseason. MLBTR contributor Matt Swartz projected an eminently affordable $3.1MM salary for the right-hander. That bumps the Orioles’ projected payroll, per RosterResource, north of $140MM and gives them more than $178MM of luxury tax considerations. They’re still nearly $70MM from the first tax threshold.

Baltimore entered the offseason in clear need of rotation help. Baz adds a capable arm with some yet-untapped upside but isn’t the clear playoff-caliber starter Baltimore has sought (though he has the potential to become that). He joins Trevor Rogers, Kyle Bradish and Dean Kremer as rotation locks. Tyler Wells, Cade Povich, Brandon Young and Chayce McDermott are all candidates for the fifth spot who are already on the 40-man roster.

That’s solid depth, but the Orioles’ rotation still feels like it’s one veteran arm short. The team’s aggressive signing of Pete Alonso (plus acquisitions of Ward and Baz) are clear signals of a win-now mindset as they look to put an ugly 2025 season behind them. Adding a proven starter would go a long way toward realizing that goal. Baltimore has been linked to prominent free agents like Framber Valdez, Ranger Suarez and Tatsuya Imai — all of whom remain unsigned. Even after adding Alonso, Baz, Ward and free agent closer Ryan Helsley, their projected payroll is more than $20MM shy of last season’s Opening Day mark. There should be room to make another splash on the starting pitching front.

In exchange for the final three years of control over Baz, Tampa Bay is getting several of the Orioles’ top-30 prospects and a well-placed pick in the 2026 draft. Baseball America recently re-ranked the top-10 prospects in Baltimore’s system, placing Forret eighth among the bunch and calling him a potential No. 3 or 4 starter. The 21-year-old righty has strong command and a deep repertoire of six pitches, highlighted by a pair of above-average to plus breaking balls (curveball, sweeper). He split the 2025 season between High-A and Double-A, logging a combined 74 innings with a pristine 1.58 ERA, a huge 32.3% strikeout rate and a tidy 7.4% walk rate.

Forret is the only of the four prospects ranked inside BA’s top 10, though both de Brun and Bodine were top-10 names in the system on MLB.com’s midseason re-ranking of the bunch. The 18-year-old de Brun, in particular, is a big addition. He was selected with the No. 37 overall draft pick — coincidentally enough, a Competitive Balance Round A selection — just this past summer. De Brun didn’t play professionally following that lofty selection. He’ll head to the low minors in Tampa Bay’s system and make his professional debut there in 2026.

Baseball America called de Brun the top high school outfielder in last year’s draft class, lauding his plus-plus speed, above-average hit tool, strong throwing arm and good instincts in center field. He’s listed at just 5’9″ and has below-average power. He’ll be a yearslong development project, but if all goes well, the end result could be a table-setting center fielder with plus base-stealing ability and plus defense.

Bodine, 22, was selected seven picks ahead of de Brun in last summer’s draft. The former Coastal Carolina University standout got his feet wet with 11 games for the Orioles’ Class-A affiliate following the draft and hit well in that small sample. He’s a 5’10”, 200-pound, switch-hitting catcher who draws praise for a plus hit tool and good defensive skills. Like de Brun, he has below-average power. And, as one might expect for a catcher, his speed gets below-average ratings as well. Bodine hit .337/.440/.528 with nearly twice as many walks as strikeouts during his three NCAA seasons and began his pro career with a 14-for-43 showing (13 singles, one double), five walks and eight strikeouts in 49 A-ball appearances.

As with both Bodine and de Brun, Overn is another recent, lofty draft pick for the Orioles. Selected out of USC with the No. 97 pick in 2024, he’s a blistering runner with good defensive skills but fringe power and strikeout concerns. Overn hit .249/.355/.399 between Baltimore’s Class-A and Double-A affiliates in 2025, connecting on 13 homers, 13 doubles and four triples. He also went 64-for-72 in stolen base attempts over just 114 minor league games. MLB.com ranked him 30th in Baltimore’s system following this year’s trade deadline, tabbing him as a potential fourth outfielder or, in a best-case scenario, a speed- and defense-oriented regular. He’ll likely need to improve his hit tool and/or add some more power to get to that ceiling.

The Rays also add a notable draft pick. Baltimore won the fifth pick in Competitive Balance Round A during this month’s lottery. The exact draft order isn’t set yet — draft compensation surrounding free agents who rejected qualifying offers could still impact it — but in 2025 that was the No. 37 overall selection. Coincidentally, that’s the very pick that the Rays traded to the O’s in exchange for reliever Bryan Baker. Baltimore used that pick to select de Brun. It now trades de Brun back to Tampa Bay alongside what could very well end up being the No. 37 pick in the subsequent season’s draft. Last year’s No. 37 pick had a $2.63MM slot value, though de Brun signed for an over-slot $4MM. The Rays are likely adding around $2.7MM in pool space to next year’s draft budget with the acquisition of this pick.

Subtracting Baz depletes a Rays rotation that already looked like it might be one arm short. At the moment, Tampa Bay’s rotation figures to include Drew Rasmussen, Ryan Pepiot, Shane McClanahan and Steven Matz. Joe Boyle, Joe Rock, Ian Seymour and top prospect Brody Hopkins are among the internal candidates to step into the five spot. The first three are already on the 40-man roster.

However, the Rays will also surely have McClanahan on an innings limit after he missed the past two full seasons due to UCL and nerve surgeries. They’ll need to add some more innings to this group one way or another. By shipping out Baz and second baseman Brandon Lowe in separate trades this morning, the Rays trimmed more than $14MM off their projected payroll for the upcoming season. Per RosterResource, they now sit at about $78MM. That’s right in line with last year’s Opening Day mark.

Coming off a season in which they missed the playoffs and played their home games in a minor league park, the Rays may not be anxious to add a starter making $10MM+ per year. But Tampa Bay ran an Opening Day payroll of $98MM as recently as 2024 and is now under new ownership. It stands to reason that there could be some room to add a modestly priced starter in free agency. Alternatively, the trades of Baz and Lowe have only revitalized a perennially solid Tampa Bay farm system. The Rays could turn to the trade market to bring in some more help in the weeks ahead.

The Athletic’s Ken Rosenthal first reported that the Orioles were nearing a deal to acquire Baz. ESPN’s Jeff Passan first reported the agreement and the Rays’ return.

Nine Teams Exceeded Luxury Tax Threshold In 2025

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Major League Baseball has finalized its calculations of teams’ competitive balance tax payrolls for the 2025 season. As first reported by The Associated Press, nine teams surpassed the $241MM base threshold. In a separate post, The AP lists the finalized CBT numbers for all 30 teams.

The payments are as follows:

  • Dodgers: $169.4MM
  • Mets: $91.6MM
  • Yankees: $61.8MM
  • Phillies: $56.1MM
  • Blue Jays: $13.6MM
  • Padres: $7MM
  • Astros: $1.5MM
  • Red Sox: $1.5MM
  • Rangers: $190K

Teams pay escalating penalties for exceeding the threshold in consecutive seasons. The Dodgers, Mets, Yankees, Phillies and Rangers have all paid the tax in at least three straight years — subjecting them to the highest escalator fees. The Astros went over the line for the second straight season. The Blue Jays, Padres and Red Sox had gotten below in 2024 and are categorized as first-time payors.

This is the second straight year in which nine teams paid the CBT. The Braves, Giants and Cubs had gone over the line in ’24 but dipped below this year, which resets their status going into 2026. Atlanta’s active offseason puts them in position to go back into tax territory next year, when the base threshold climbs to $244MM. San Francisco and Chicago each have projected CBT numbers more than $40MM below that right now.

While public estimates from RosterResource and Cot’s Baseball Contracts offer an excellent approximation of teams’ payroll commitments, the official numbers are not available during the season. It’s not uncommon for rounding errors in those calculations to vary by a few million dollars. That generally isn’t a big deal but can matter for teams that are hovering very close to the tax line. Each of the Red Sox ($249MM payroll), Astros ($246MM) and Rangers ($241.38MM) were believed to have gone narrowly beyond the $241MM cutoff, but that wasn’t 100% established until this evening — particularly in the case of Texas.

The Dodgers ($417MM), Mets ($347MM), Yankees ($320MM), Phillies ($314MM) and Blue Jays ($286MM) all had payrolls above $281MM. That was the third tier of penalization and marked the point at which a team’s top draft pick is dropped by 10 spots. The Mets were the only of those five that didn’t make the playoffs. Their top pick drops from 17th to 27th. The Yankees, Philadelphia, Toronto and L.A. all have their first-round pick dropped to between 35th and 40th.

Teams that paid the CBT are entitled to the lowest level of compensation for losing free agents who declined a qualifying offer. They receive a draft choice after the fourth round for each qualified free agent who walks. They’re charged the heaviest penalty — their second- and fifth-highest picks in 2026 and $1MM from their ’27 international bonus pool — for signing a qualified free agent from another team.

San Diego and the Mets receive a pick after the fourth round for losing Dylan Cease and Edwin Díaz, respectively. Toronto (Bo Bichette), Houston (Framber Valdez) and Philadelphia (Ranger Suárez) would receive the same if their free agents sign elsewhere. The Dodgers surrendered their second- and fifth-round selections for Díaz. Toronto is slated to do the same for Cease, but if Bichette walks, they’d give up that compensatory pick instead and get their fifth-rounder back.

The Dodgers’ combined payroll and tax bill for the 2025 season lands north of $586MM. The two-time defending champions’ tax hit alone is higher than the payrolls of the bottom 12 teams in the league. There were 14 clubs that had a CBT number above $200MM. The Braves, Cubs, Giants, Angels, Diamondbacks and Mariners were the other six teams above the median. All but Seattle spent more than $200MM.

On the other end, the Marlins ($87MM) and White Sox ($92MM) were the two teams with payrolls below $100MM. The Rays ($103MM), Pirates ($109MM) and Athletics ($118MM) rounded out the bottom five — followed by the Guardians, Nationals, Twins, Brewers and Reds.

Overall, the league will collect just under $403MM in taxes. Teams must make the payments by January 21. The first $3.5MM will be used to fund player benefits. Half the remaining money goes to players’ retirement accounts, while the other half is used for revenue sharing distribution from MLB to teams.

Latest On Pete Fairbanks’ Market

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While most of the top free agent relievers are off the board, former Rays closer Pete Fairbanks remains unsigned. The Diamondbacks, Marlins and White Sox are among the teams that have been linked to the hard-throwing righty.

The connection with Miami has come up on a few occasions. The Marlins are looking for a high-leverage reliever. Fairbanks has ties to president of baseball operations Peter Bendix from their time in Tampa Bay. In an appearance on Foul Territory this week, Izaac Azout of Fish On First suggested that Miami has shown a willingness to offer a one-year deal in “the mid-teens” range and floated the possibility that Miami could make a $13-14MM proposal.

Tampa Bay could have retained Fairbanks on an $11MM club option. While it’s understandable the front office didn’t want to commit a sizable portion of their budget to a single inning reliever, it was more surprising that the Rays were unable to drum up trade interest. It should work out better for Fairbanks financially. He collected a $1MM buyout and seems well positioned to beat the $10MM difference. ESPN’s Jeff Passan wrote on Thursday that Fairbanks was trending towards either a multi-year deal or a one-year contract worth more than $11MM.

While it’d seem counterintuitive for teams to pay more than the declined option price, that occasionally happens. Option calls are due within the first five days of the offseason. Teams may have preferred to maintain payroll flexibility until they had a better read on the market. Fairbanks was clearly behind the likes of Edwin Díaz, Devin Williams and Robert Suarez.

Clubs that missed out on those relievers — including Miami, who reportedly had shown interest in Williams — could more highly value Fairbanks now than they did six weeks ago. It’s also possible that they stretch to a two-year deal at a sub-$11MM annual rate to save some money in 2026 while giving the pitcher a larger overall guarantee.

The Cubs are another team that makes sense for Fairbanks on paper. They have added Phil Maton and Hoby Milner while re-signing Caleb Thielbar, but they lost arguably their best reliever when Brad Keller signed a $22MM contract with Philadelphia. Patrick Mooney and Sahadev Sharma of The Athletic wrote earlier this week that the Cubs remain open to adding a clearer high-leverage arm. They’ve given some consideration to Fairbanks, per the report, though it’s not clear how seriously they’re involved.

Chicago has shied away from significant bullpen investments over the past few seasons. Their two-year, $14.5MM contract with Maton was already their biggest reliever signing in six years. Fairbanks would cost more than $7.25MM annually but will be looking at a short-term deal as he enters his age-32 season.

Royals Acquire Matt Strahm

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The Royals and Phillies announced a one-for-one reliever swap on Friday morning. Left-hander Matt Strahm heads to Kansas City with righty Jonathan Bowlan going to Philadelphia.

It’s a reunion for Strahm and the Royals, as Kansas City drafted the lefty in the 21st round of the 2012 draft. Strahm made his big league debut for the Royals in 2016 and spent parts of two seasons with the club before being shipped to the Padres in a six-player trade alongside Travis Wood and Esteury Ruiz in order to acquire Trevor Cahill, Brandon Maurer, and Ryan Buchter. Strahm had a career 3.81 ERA and 4.12 FIP in 56 2/3 innings at the time of the trade. He’ll now return to Kansas City nearly a decade later with more than 500 MLB innings and an All-Star appearance under his belt.

Much of Strahm’s tenure with the Padres was fraught with injuries and ineffectiveness, but a solid season with Boston back in 2022 convinced the Phillies to bring him into the fold. Since arriving in Philadelphia, the lefty has emerged as one of the league’s most effective relievers. He has a 2.71 ERA in 212 2/3 innings of work over the past three years with a 2.82 FIP and a 3.01 SIERA. That’s the eighth-most innings of any pitcher with ten starts or fewer over the past three seasons, and among qualified relievers his ERA ranks 10th, his FIP ranks 15th, and his SIERA ranks 21st.

That’s an elite combination of quality and quantity that virtually any bullpen would benefit from adding, and the Royals are no exception. Strahm figures to join closer Carlos Estevez and righty Lucas Erceg at the back of the Kansas City bullpen to create the best late-inning trio the Royals have had since the 2015 club’s “three-headed monster” of Greg Holland, Wade Davis, and Kelvin Herrera. With solid arms like Nick Mears, John Schreiber, and Daniel Lynch IV set to cover the middle innings, it’s not hard to imagine the Royals entering 2025 with one of the stronger top-to-bottom bullpens in the American League thanks to this trade. Mears just came over in the same trade that netted Isaac Collins for the Royals but sent lefty Angel Zerpa to the Brewers. Sending out Zerpa cut into Kansas City’s lefty relief group but they have quickly pivoted to Strahm to restock in that department.

The loss of Strahm will surely sting for the Phillies somewhat, but the club remains fairly well set up in terms of their late-inning mix. Jhoan Duran remains one of the league’s top closers, and the recently-acquired Brad Keller was one of the top setup men in the majors last year with the Cubs. From the left side, Jose Alvarado and Tanner Banks should form a quality duo, and Alvarado in particular has offered elite production in the past. Strahm’s name has long been in trade rumors this winter, and clearing his $7.5MM salary off the books could help the Phillies in the pursuit of a reunion with catcher J.T. Realmuto or help them to afford the addition of another outfielder, who could help contribute alongside Brandon Marsh, Adolis Garcia, and top prospect Justin Crawford.

Aside from the financial incentive to make the trade, the Phillies will also receive the services of Bowlan, a 29-year-old righty who made his big league debut in 2023 but just got his first extended look in the majors last year. Bowlan pitched quite well across 44 1/3 innings for Kansas City in 2025, posting a 3.86 ERA with a 3.97 FIP in that time. He struck out 25.6% of his opponents with a 9.4% walk rate and a solid 48.7% ground ball rate.

That ability to generate both strikeouts and grounders should make Bowlan an effective, low-cost addition to a Phillies pen that has plenty of solid options in the late innings but has plenty of spots still fairly unsettled. With less than one year of service time under his belt, Bowlan can be controlled through the end of the 2031 season, affording Philadelphia the opportunity to bring in an arm that could be part of their relief mix for years to come.

Robert Murray of FanSided first reported that Strahm was being traded to Kansas City. MLB.com’s Mark Feinsand had Bowlan going the other way.

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