As the Winter Meetings continue, here are three things we’ll be keeping an eye on around the baseball world throughout the day today:
1. Rule 5 Draft today:
Baseball’s annual Rule 5 Draft is scheduled to take place at 1pm CT this afternoon. International players and high school draft picks who signed in 2020 and college draft picks signed in 2021 who have not yet been added to their club’s 40-man roster are vulnerable in today’s draft, where any club can select them for a $100K fee. If the player does not stick on their new club’s 26-man roster for the entire season, he must be offered back to his original club for $50K. Teams must have open space on their 40-man roster to select a player in the draft, meaning the Twins, Orioles, Braves, Rays, and Diamondbacks would each need to clear space on their 40-man roster before the draft begins in order to participate.
Players selected in the Rule 5 draft occasionally go on to impact their team in the future, as free agent outfielder Anthony Santander famously did following his selection in the 2016 Rule 5 Draft. 2025’s draft saw White Sox right-hander Shane Smith and Marlins catcher Liam Hicks stick with the clubs that drafted them on the 26-man roster through the entire year, while right-hander Mike Vasil was claimed off waivers by the White Sox and remained in Chicago for the whole year as well. Smith, in particular, is noteworthy for earning an All-Star appearance and down-ballot consideration in AL Rookie of the Year voting thanks to his 3.81 ERA in 29 starts for Chicago. Will a similarly valuable diamond in the rough be unearthed today?
2. Could the Pirates pivot to Polanco?
The Pirates were among the teams most aggressive in pursuing slugger Kyle Schwarber, but after he turned down the club’s four-year, $120MM offer they could still look to reallocate at least some of those resources to other pursuits in their efforts to upgrade the offense. Pittsburgh has been connected to infielder Jorge Polanco in the past, and Alex Stumpf of MLB.com reported yesterday that the Pirates were expected to put an offer on the table for the switch hitter’s services soon. Will Polanco be the big free agent fish Ben Cherington’s front office has been working to land, or will they end up looking elsewhere for offensive talent to support Paul Skenes and the rest of their excellent rotation?
3. Relief market buzzing:
The market for relievers has been the busiest part of free agency so far this winter, and yesterday was no exception as Edwin Diaz landed with the Dodgers on a three-year agreement. Diaz wasn’t the only significant name to come off the market yesterday either, as the Pirates signed southpaw Gregory Soto to a one-year deal and the Tigers re-upped with Kyle Finnegan on a two-year pact. That takes three more late-inning arms off the market and leaves the teams still in the market for top relievers running low on options. Robert Suarez is now the best option on the market and is drawing interest from a pair of new suitors, but he’s hardly the only interesting option available. Brad Keller, Luke Weaver, Tyler Rogers, Seranthony Dominguez, and Pete Fairbanks are all also still available after landing on MLBTR’s Top 50 MLB Free Agents list. Who will be the next to sign?

