Rhys Hoskins’ first season in Milwaukee was a disappointment. The Brewers signed the veteran slugger to a two-year, $34MM free agent contract over the 2023-24 offseason. Hoskins had missed his entire walk year because of a Spring Training ACL tear. He entered the offseason healthy, and Milwaukee placed a sizable bet — especially by their standards — that he’d look no worse for wear in 2024.

The deal included an opt-out after the first season. The ideal outcome for everyone involved was Hoskins would mash for one year, opt out, potentially receive and reject a qualifying offer, then sign elsewhere on a longer-term contract. That isn’t how things played out. Hoskins started the season well enough, but he hit .203/.285/.395 from the start of June through season’s end. He decided not to opt out, leaving the Brew Crew with a $22MM commitment for a first baseman coming off the worst season of his career. The contract meant they couldn’t drum up trade interest, leaving them to retain Hoskins as the team’s second highest-paid player.

While it wasn’t what the front office had planned, that investment looks a lot better now than it did two months ago. Hoskins has been one of the best hitters in baseball. He’ll take a .300/.402/.500 batting line into tonight’s series opener in Pittsburgh. He joins Aaron Judge, Freddie Freeman and Will Smith as the only four hitters with at least 100 plate appearances and the rare .300/.400/.500+ triple slash.

Hoskins looks like the impact bat he was throughout his tenure in Philadelphia. He’s taking walks at a characteristically excellent 14% rate while striking out at a manageable 22.3% clip. He has hit seven home runs while averaging 91.4 MPH on batted balls. It’s an across the board improvement relative to his first season in Milwaukee. He’s taking more free passes, striking out less often, and making more authoritative contact. This has been a better start than his strong first two months of last season. He carried a .239/.342/.471 slash with fewer walks and hard-hit balls through the end of May 2024.

It’s true that Hoskins has benefitted from a career-high .362 average on balls in play. That’s going to come down, and Hoskins is highly unlikely to hit above .300 all year. He was more reliably a .245 hitter for the Phillies. That’s a fairer baseline. That’s also sufficient for a player with 25-30 home run pop and an extremely disciplined plate approach. Hoskins was consistently around 25-30 percent better than an average hitter during his time in Philadelphia, as measured by wRC+. That was enough to make him a top 40 or so hitter in MLB.

Hoskins’ rebound also figures to make him an interesting trade candidate. The Brewers are out to a 24-26 start, putting them fourth in the NL Central. They’re six games back in the division and 4.5 out of the Wild Card race with five teams to jump. They’re certainly not out of it with more than 110 games to make up the gap, yet they’re also not clear-cut contenders as they were every season between 2018-24.

Even if the Brewers don’t find themselves as true “sellers,” they could try to move Hoskins. Like many small-market contenders, Milwaukee tends to take a more flexible trade approach — shopping expensive veterans with dwindling club control windows while targeting cheaper players who could immediately contribute to the MLB team. Hoskins would be a candidate for that kind of move even if the Brewers are at or slightly above .500 in July.

On the one hand, Hoskins would be a straightforward trade candidate as one of the best available rental bats. The Red Sox need first base help after the Triston Casas injury. The Giants have gotten a dismal .193/.294/.339 line from their first basemen and could use a short-term bridge before calling upon top prospect Bryce Eldridge. (That Hoskins is a Sacramento native who attended Sacramento State would be an added bonus.) The Mariners, Twins and Reds are other teams that could upgrade at first base.

That’s complicated by the contract, which could be onerous for some teams. Hoskins is living up to his salary in a vacuum, but many clubs are reluctant to take on significant money midseason. There will still be roughly $5.6MM of his $18MM salary to be paid from the deadline through the end of the regular season. More notably, there’s a $4MM buyout on an $18MM mutual option for 2026. The option is going to be declined — quite likely by Hoskins — and the team will need to pay the buyout on February 1, 2026. That might be a bigger stumbling block for an acquiring club. It’s possible teams will want the Brewers to cover a portion of the buyout to facilitate a trade.

Teams may negotiate conditional cash considerations for option buyouts in trade talks; last summer’s trade of Eloy Jiménez from the White Sox to Baltimore is one recent example. That’s not an option on waivers, however. Hypothetically, say the Brewers hold Hoskins past the deadline but fall firmly out of contention in August. It’s possible they’d take the increasingly common approach of trying to dump his salary by placing him on outright waivers before the September 1 deadline for playoff eligibility. There’s a decent chance Hoskins would clear in that scenario, as a claiming team would become responsible for the entire option buyout for what amounts to one regular season month (plus a hopeful playoff run).

Perhaps the Brewers will catch fire over the next two months and make that all a moot point. If Hoskins rakes all season and helps Milwaukee back to the postseason, they could hold him and even consider a qualifying offer to potentially recoup a draft choice if he walks as a free agent.

Image courtesy of Klement Neitzel, Imagn Images.