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Royals Sign Eli Morgan To Minor League Deal

By Anthony Franco | January 29, 2026 at 6:44pm CDT

The Royals announced they’ve signed reliever Eli Morgan to a minor league deal. The CAA client receives a non-roster invite to big league Spring Training. Morgan had been non-tendered by the Cubs in November.

Morgan returns to the AL Central, where he has spent the majority of his career with Cleveland. He pitched parts of four seasons there, starting 18 games as a rookie before moving to the bullpen. Morgan was a solid middle reliever between 2022-24. He combined for 176 innings of 3.27 ERA ball while striking out more than a quarter of opponents over that stretch. The righty held opponents to a .224/.279/.384 slash line and turned in a sub-2.00 earned run average across 32 appearances in 2024.

More to come.

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Kansas City Royals Transactions Eli Morgan

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Astros To Designate J.P. France For Assignment

By Anthony Franco | January 29, 2026 at 6:40pm CDT

The Astros are designating right-hander J.P. France for assignment, reports Chandler Rome of The Athletic. That’ll open a 40-man roster spot to finalize their acquisition of righty Kai-Wei Teng from San Francisco.

More to come.

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Houston Astros Transactions J.P. France

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Astros To Acquire Kai-Wei Teng From Giants

By Anthony Franco | January 29, 2026 at 6:34pm CDT

The Giants and Astros are closing in on a trade that’ll send starter Kai-Wei Teng to the Astros for minor league catcher Jancel Villarroel, reports Chandler Rome of The Athletic. San Francisco needed to create a 40-man roster spot in order to finalize their two-year deal with Harrison Bader. It appears a Teng trade will be that corresponding move.

More to come.

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Does Kristian Campbell Have A Role On The 2026 Red Sox?

By Anthony Franco | January 29, 2026 at 4:00pm CDT

Kristian Campbell was one of the most exciting players in the sport at this time a year ago. Baseball America had ranked him the #4 prospect in MLB on the heels of a .330/.439/.558 showing in the minors. Campbell was generally viewed alongside or even slightly above Marcelo Mayer as the Red Sox’s second-best prospect behind Roman Anthony. The organization seemed to share that assessment, as they built their trade package for Garrett Crochet around Kyle Teel and Braden Montgomery rather than including anyone in their top three.

Campbell broke camp despite a mediocre Spring Training performance. He started at second base on Opening Day and got out to a roaring start, hitting .301/.407/.495 through the end of April. Boston quickly locked him up on an eight-year extension that guaranteed $60MM and extended their club control window by as many as four seasons.

Nine months later, it’s not clear if he has a path to playing time in the short term. Campbell’s bat cratered after the scorching start. He hit .159/.243/.222 over 140 plate appearances between the start of May and the middle of June. The Sox optioned him to Triple-A on June 20 and kept him in the minors for the rest of the season.

Campbell posted good numbers in the minors, at least on the surface. He hit .273/.382/.417 across 319 Triple-A plate appearances. It certainly wasn’t on par with his breakout 2024 season, but that’s above-average production at age 23. Yet it came with an elevated 26.3% strikeout rate that was more than six points higher than his mark from the previous season. Campbell also averaged a paltry 84 MPH off the bat with a 30% hard contact rate, and he put more than half his batted balls on the ground. He took a lot of walks and the results were good overall, yet the batted ball data wasn’t all that encouraging.

The track record is strong enough that Campbell remains a promising offensive player, albeit with less confidence that he’ll be an impact bat than they probably had a year ago. The biggest concern is on the other side of the ball.

Campbell’s second base defense was a disaster. Defensive Runs Saved graded him 16 runs below average in 471 2/3 innings. Only Luis García Jr. had a worse DRS mark at the position, and that came in twice as many innings. Campbell was tied for third from the bottom in Statcast’s Outs Above Average metric (again behind players who got more time at the position). He committed seven errors and had a .968 fielding percentage that was last among the 38 second basemen to play 400+ innings.

It was bad enough that it seems the Red Sox have essentially given up on Campbell as a viable second baseman. He only started 11 games there in the minors, none of which came after August 8. Campbell closed the season bouncing between left field, center field and first base.

The Red Sox have a question at second base but don’t appear to be seriously considering Campbell there. They’re reportedly focused on defense as they look outside the organization for help at the keystone. Chief baseball officer Craig Breslow acknowledged last week that the Sox are “going to give (Campbell) a look in the outfield” (link via Christopher Smith of MassLive). David Hamilton, Romy Gonzalez and Nick Sogard lead an uninspiring internal group of second base options. They’ve traded for Willson Contreras and still have Triston Casas — who is ironically in a somewhat similar spot as Campbell — ahead of him on the first base depth chart.

Campbell is a good enough athlete that it’s not out of the question that he’ll be a solid outfielder. The Red Sox don’t have many at-bats to offer him there, though. They’re already loaded across the outfield with Jarren Duran, Ceddanne Rafaela, Wilyer Abreu and Anthony. Breslow has consistently downplayed their desire to trade Duran or Abreu. That seems less likely now that they’ve addressed the rotation in other ways. They’re not going to move an established above-average regular merely to open playing time for Campbell.

The Sox did lose lefty masher Rob Refsnyder in free agency, but they’re planning to give Abreu more at-bats against southpaws. Relegating the righty-hitting Campbell to a short side platoon role isn’t ideal for his development. Breslow pointed to 29-year-old Nate Eaton as a possibility to pick up some of the at-bats that Refsnyder had taken.

It leaves Campbell without a clear role as Spring Training approaches. If the Red Sox don’t feel he’s a viable infielder, he’s not going to have much utility off the bench. He still has two minor league options and could go back to Triple-A. That’s the likeliest outcome to begin the season and would at least give him continued work in the outfield. They can bide their time that way, but it’s clearly not an ideal setup for a player who very recently looked like a franchise player.

There hasn’t been anything to suggest the Red Sox are considering trade possibilities this offseason. Although Campbell’s extension doesn’t preclude them from trading him, it’d be essentially without precedent for a team to sell low on a top prospect who is one season into an eight-year deal. The Sox could probably shed the entire contract if that were their only goal, but they’d need to accept pennies on the dollar in terms of the trade return.

Maybe the situation will sort itself out early in the season. An outfield injury or two could get Campbell into the lineup. No one is writing off his career before he turns 24. It’s nevertheless rare for opportunities to dry up as quickly as they have for a player who was held in this regard as a prospect. If Campbell spends the first half of the season in the minors and the Sox are contending, he may become a more realistic trade candidate around the deadline.

Image courtesy of John Jones, Imagn Images.

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Boston Red Sox MLBTR Originals Kristian Campbell

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Where Can The Guardians Spend The Money Saved On The Ramírez Deal?

By Anthony Franco | January 28, 2026 at 11:09pm CDT

The Guardians hammered out their third extension with José Ramírez over the weekend. While the team still hasn't announced the contract as of Wednesday evening, it reportedly runs through his age-39 season. It more or less confirms that Ramírez will be a one-team superstar, but the biggest impact in the short term is that it involved a restructure to give the team some spending room.

Ramírez will reportedly be paid $25MM annually over the next seven seasons. $10MM of each season's salary is deferred until 2036. He'd been slated for a non-deferred $21MM salary this season. They saved $6MM against the 2026 payroll and $8MM and $10MM, respectively, over the following two years.

Any mention of the Guardians spending money is going to be met with sarcasm and skepticism. That's warranted given their usual spending habits, but this year's payroll would be extreme even by their standards. There'll almost certainly be a notable acquisition or two before Opening Day.

Cleveland has 12 players, including their arbitration class, signed for the upcoming season. Their salaries break down as follows:

  • Ramírez: $25MM ($10MM deferred)
  • Steven Kwan: $7.725MM
  • Emmanuel Clase: $6MM
  • Shawn Armstrong: $5.5MM (including option buyout)
  • Trevor Stephan: $4.75MM (including option buyout)
  • Tanner Bibee: $4MM
  • Austin Hedges: $4MM
  • Nolan Jones: $2MM
  • Colin Holderman: $1.5MM
  • David Fry: $1.375MM
  • Matt Festa: $1MM
  • Connor Brogdon: $900K

They'll also pay the Blue Jays $2.75MM as a condition of the Myles Straw trade. It's a total of $66.5MM in commitments, and even that dramatically overstates how much they'll actually spend. Ramírez is being paid $15MM this year, dropping their short-term obligations to $56.5MM.

There's also a strong chance they don't wind up paying anything to Clase. His criminal trial for alleged game-fixing won't begin until May, but it's possible MLB imposes its own discipline before the start of the season. It'd be a shock if the star reliever played another MLB game and Cleveland brass will obviously hope for the league to level a suspension that gets them off the hook for next year's salary.

If that happens, they'll be down to $50.5MM in guaranteed commitments. Filling out the roster with players on near league minimum salaries would push them into the $63-65MM range. According to The Associated Press, the Marlins were the only team with a season-opening payroll below $74.9MM last year. Cleveland ranked 25th in MLB with a $102.5MM mark.

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Latest On Zac Gallen’s Market

By Anthony Franco | January 28, 2026 at 10:50pm CDT

Zac Gallen is one of two unsigned players who declined a qualifying offer at the beginning of the offseason. The former All-Star righty is also arguably the second-best pitcher available behind Framber Valdez. It has nevertheless been a quiet winter in terms of rumors, and the odds of Gallen settling for a pillow contract are presumably rising as Spring Training approaches.

Jon Heyman of The New York Post appeared on MLB Network this week and provided an update on the starter’s market. Heyman listed the Cubs, Orioles and incumbent Diamondbacks as teams that remain in the mix. He added that the Angels and Padres have “checked in” this offseason as well but implied that the latter two teams are longer shots to get something done.

No one from that group is an ideal fit. The O’s have been most frequently connected to Valdez. Gallen feels more like a fallback target if Valdez’s asking price remains above Baltimore’s comfort zone. The Diamondbacks made a two-year, $40MM investment to bring back Merrill Kelly and signed Michael Soroka to a one-year deal. They’d still have room in the rotation for Gallen, but GM Mike Hazen suggested recently that the Kelly contract limited their financial flexibility to sign an established late-inning reliever.

That doesn’t bode especially well for their chances of fitting Gallen in the budget unless owner Ken Kendrick makes an exception to bring back a player with whom he’s familiar. Even if Gallen takes a two-year deal with an opt-out clause, he’d probably command something close to the $22.025MM qualifying offer salary which he declined at the beginning of the winter.

The Cubs went to the trade market for their biggest upgrade, sending a package led by outfield prospect Owen Caissie to the Marlins for Edward Cabrera. He’ll pair with Cade Horton at the top of a rotation that could get Justin Steele back from elbow surgery within the first couple months of the season. Shota Imanaga, Matthew Boyd, Jameson Taillon, Colin Rea, Javier Assad and Jordan Wicks are on hand as a decent collection of depth starters.

Further bolstering the rotation isn’t necessarily a need, but Patrick Mooney of The Athletic writes that the Cubs are keeping their options open on that front. President of baseball operations Jed Hoyer acknowledged the higher risk of pitching injuries in the modern game and pointed out that teams often need to lean on nine or ten starters to get through a season. While that doesn’t mean they’re certainly aggressively pursuing Gallen, they’ll probably keep in contact until the veteran righty makes his decision.

The Padres and Angels have more acute rotation needs. Payroll is the bigger question for both clubs. San Diego already surprised by re-signing Michael King on a three-year, $75MM deal with opt-outs. The Angels have limited themselves to a handful of cheap one-year deals. That leaves them with a decent amount of spending room before they hit last season’s level, but there’s also no indication that ownership is willing to spend much this offseason.

Other teams known to remain in the starting pitching market include the Tigers, Braves, Athletics and White Sox. Detroit was loosely linked to Gallen around the Winter Meetings but has more recently been tied to the likes of Lucas Giolito, Chris Bassitt and Nick Martinez. None of the others have been publicly linked to Gallen this offseason, and it’d be a particular surprise to see a rebuilding White Sox team part with a draft pick to sign a qualified free agent.

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Arizona Diamondbacks Baltimore Orioles Chicago Cubs Los Angeles Angels San Diego Padres Zac Gallen

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Nationals Outright Riley Adams

By Anthony Franco | January 28, 2026 at 8:06pm CDT

The Nationals sent catcher Riley Adams outright to Triple-A Rochester, according to the MLB.com transaction tracker. Washington designated him for assignment last week when they claimed reliever Gus Varland from Arizona. The Nats announced that Adams has accepted the minor league assignment.

Adams has between three and four years of MLB service time. That gave him the right to elect free agency in lieu of an outright assignment but meant he’d have forfeited his salary to do so. Adams and the Nats agreed to a split contract in November to avoid arbitration. That pays him at a $1MM rate for time in the big leagues and $500K for his minor league work. It was unlikely that Adams would pass on that guaranteed half-million dollars when he’d be limited to minor league offers as a free agent.

Now that he’s staying in the organization, Adams will provide non-roster depth behind the plate. The 29-year-old is a .211/.287/.354 hitter in 263 MLB games spanning five seasons. Almost all of it has come in Washington, as the Nats acquired him from the Blue Jays 12 games into his rookie season. Adams has above-average power but strikes out far too often to be a productive hitter. Defensive metrics haven’t been keen on his receiving work, though he does have a strong arm and cut down 28.8% of attempted base stealers last year.

Washington acquired rookie catcher Harry Ford in the trade sending hard-throwing reliever Jose A. Ferrer to Seattle. Ford should get run as Blake Butera’s primary catcher. Former top prospect Keibert Ruiz hasn’t lived up to expectations and now looks ticketed for a backup job. Drew Millas and catcher/utility player Mickey Gasper are on the 40-man roster. The Nationals also reunited with Tres Barrera on a minor league deal that includes a non-roster invite to Spring Training last week.

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Transactions Washington Nationals Riley Adams

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Reds Sign Darren McCaughan To Minor League Deal

By Anthony Franco | January 28, 2026 at 7:24pm CDT

The Reds announced this afternoon that they’ve signed Darren McCaughan to a minor league contract. The righty will be in Spring Training as a non-roster invitee.

McCaughan is a 29-year-old swingman who has pitched parts of four seasons in the majors. He has a combined 20 appearances across four teams. The former 12th-round pick debuted with the Mariners in 2021 and has subsequently pitched for the Guardians, Marlins and Twins. He has a 6.02 earned run average with a 16.2% strikeout rate across 61 1/3 MLB innings.

The Long Beach State product spent the majority of the 2025 season with Minnesota’s Triple-A club. He started 12 of 26 appearances, tallying 97 frames of 5.10 ERA ball. McCaughan posted solid strikeout and walk numbers but was plagued by the longball, giving up 20 homers (nearly two per nine innings). Home runs have been an issue throughout his career, which isn’t surprising because he sits in the 89-90 MPH range with his sinker and four-seam fastball.

McCaughan has plus control and the versatility to pitch in different roles. He’s unlikely to break camp on a talented Cincinnati pitching staff but should be available as a non-roster depth option at Triple-A Louisville.

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Cincinnati Reds Transactions Darren McCaughan

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Cody Bellinger Contract Comes With Higher Luxury Tax Hit For Yankees In First Two Seasons

By Anthony Franco | January 28, 2026 at 4:29pm CDT

The Yankees finalized their five-year, $162.5MM contract with Cody Bellinger last week. That would ordinarily come with a $32.5MM average annual value that counts against the team’s luxury tax ledger. In most cases, a contract’s luxury tax number is taken by dividing the number of guaranteed years from the overall amount of guaranteed money — regardless of the salary distribution. Unlocked performance bonuses or option decisions can subsequently change the calculation, but the AAV is the starting point.

However, as Joel Sherman of The New York Post reports, Bellinger’s deal falls into a rare exception built into the collective bargaining agreement: the “Valley Charge,” as it’s called in the CBA. That only comes into play with a contract that is front-loaded before a player option year or opt-out clause. That applies to the Bellinger contract, which allows him to opt out after the second or third seasons. The next few paragraphs will hopefully explain why that’s the case — though it requires diving into some math and technical terminology within the CBA. Interested readers will also want to check out this X thread courtesy of Ethan Hullihen.

Bellinger’s deal comes with a $20MM signing bonus, which is counted as guaranteed money and is paid in full regardless of whether he opts out.* The outfielder will collect $32.5MM salaries for the first two seasons. The deal comes with respective $25.8MM, $25.8MM and $25.9MM salaries for the final three years if Bellinger does not opt out. He’ll make $85MM over the first two seasons and will have his first opt-out decision with three years and $77.5MM remaining. For CBA purposes, all three years after the opt-out are treated as player option years because Bellinger decides whether to stick with the contract.

To understand the Valley Charge exception, we’ll need to bring over some language from the CBA. The provision applies when the base salary of a player option year “is less than 80% of the base salary … plus attributed signing bonus” of the cheapest year before the opt-out. It’s therefore not a direct comparison. The salaries of the option years range from $25.8MM – 25.9MM. The years before the opt-out include both their $32.5MM salaries and $10MM each year for the prorated signing bonus: a $42.5MM value in total. The value of all three option years are less than 80% of that $42.5MM ($34MM), so they all fall within the Valley Charge.

Once the Valley Charge is triggered, the contract’s luxury tax distribution changes. Turning back to the CBA: “For each such player option year, the difference between the player option year value and the (80% value) shall be allocated pro rata across the years preceding the (opt-out).”

So, we subtract the salaries of each of the option years from the $34MM 80% value of the second season. That comes out to $24.5MM ($8.2MM + $8.2MM + $8.1MM). That’s divided over the two seasons preceding the opt-out at $12.25MM annually and added to the $32.5MM initial value, bringing the new CBT number to $44.75MM. If Bellinger does not opt out, the Yankees will receive “credit” in 2028-30 for the overcharge in the first two seasons, meaning he’d only count against their CBT ledger for roughly $24.33MM annually over the final three years.

RosterResource now projects the Yankees for a tax number above $330MM in 2026. That’s above their $320MM season-ending mark from last year, so it’s not clear how much room ownership will allot for in-season maneuvers.

* The Post’s Jon Heyman reports that the bonus will be paid in $10MM installments on April 1 and August 1 of this year. A player receives his full signing bonus regardless of his opt-out decision. Bellinger’s bonus is up-front, so that’s largely immaterial here, but the date of the bonus payment doesn’t have any impact on the Valley Charge calculation.

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New York Yankees Cody Bellinger

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Mets, Grae Kessinger Agree To Minor League Deal

By Anthony Franco | January 27, 2026 at 11:17pm CDT

The Mets are in agreement with infielder Grae Kessinger on a minor league contract, reports Mike Puma of The New York Post. A client of O’Connell Sports Management, he’ll be in camp as a non-roster invitee.

Kessinger is a former second-round pick who played in 48 games with the Astros between 2023-24. The right-handed hitting utilityman batted .131 with one home run over 70 trips to the plate. Kessinger has had a light bat throughout his minor league career as well, batting .234/.335/.361 over 403 games. His Triple-A production is more respectable but came in the hitter-friendly Pacific Coast League.

Houston designated Kessinger for assignment last offseason. They traded him to the Diamondbacks, who optioned him to Triple-A to begin the season. He played in 11 minor league games before being designated for assignment in the middle of April. Kessinger was on the injured list at the time, so the D-Backs released him. The team never announced what injury he had suffered, but he remained unsigned for the rest of the season.

In any case, it seems the 28-year-old is healthy again and will take aim at a bench spot in Queens. He’s unlikely to provide much offensively but can play anywhere on the infield. Kessinger joins Christian Arroyo and Jackson Cluff as non-roster infielders behind Ronny Mauricio and the out-of-options Vidal Bruján. Tsung-Che Cheng would also be in the mix if he gets through DFA limbo. The Mets designated him for assignment last Wednesday, meaning he’s currently on waivers. They should announce tomorrow whether he has been claimed or cleared, in which case he’d also get a non-roster invite to Spring Training.

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New York Mets Transactions Grae Kessinger

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