Royals Re-Sign Austin Cox To Minors Contract
The Royals have signed Austin Cox to another minor league contract. After electing free agency in November, the left-hander will return to the only MLB organization he’s known throughout his seven-year pro career. The team announced the signing this afternoon.
Cox, who turns 28 on Opening Day, first signed with the Royals as a fifth-round draft pick in 2018. After an impressive debut in Rookie ball that year, Cox began to appear on Royals top prospect lists around the industry. His 3.78 ERA in nine starts was solid, but what really turned heads was his 35.7% strikeout rate. In addition, he gave up just one home run in 33 1/3 innings of work.
The lefty followed up his strong first impression with an equally promising performance in 2019. Cox looked sharp at both Single-A and High-A, pitching to a 2.76 ERA and 3.48 FIP in 130 2/3 innings across both levels. His 24.2% strikeout rate wasn’t nearly as high as it was at Rookie ball, but it was still quite good, and it came over a much larger sample size against more difficult competition. On top of that, he reduced his walk rate and continued to limit home runs. Entering the 2020 season, both FanGraphs and Baseball America included Cox among their top 10 prospects in the Royals system; Keith Law of The Athletic ranked him at no. 12.
Unfortunately, Cox was unable to pitch in 2020 due to the lost minor league season, and he struggled at Double-A and (briefly) Triple-A in 2021. His fastball velocity fell and he cut his slider from his pitch mix, giving him a less imposing and less diverse arsenal. His strikeout rate continued to drop while his walk rate rose, and he surrendered 11 home runs in just 68 frames; that’s the same number of dingers he allowed the year before when he pitched almost twice as many innings. Thus, it was hardly surprising to see Cox plummet down prospect rankings during the 2021-22 offseason. Once a promising back-end starter, he seemed destined for a role in the bullpen instead.
Cox continued to start at Triple-A in 2022 and ’23 but failed to improve his results. In May 2023, he made his MLB debut out of the Royals bullpen. Although he had limited experience as a reliever, his big league career couldn’t have gotten off to a better start. He didn’t give up a hit until the 40th batter he faced. Unfortunately, his work was less impressive after that. Cox would ultimately pitch in 24 games for Kansas City that year: 21 relief appearances and three short spot starts. His numbers were serviceable but unspectacular for a lower-leverage swingman. He pitched to a 6.10 ERA and 4.71 FIP in 10 1/3 innings as a starter and a 3.91 ERA and 3.33 FIP in 25 1/3 innings out of the bullpen. A knee injury ended his season early, and the Royals designated him for assignment at the beginning of the offseason. He subsequently elected free agency.
Cox rejoined the Royals on a minor league contract shortly thereafter and spent the entire 2024 campaign with the Triple-A Omaha Storm Chasers. He exercised an opt-out clause in his contract in July but signed another minor league pact with the organization later that month. Thus, his new deal with the Royals is the third minor league contract he has signed with the team in the past 14 months. Presumably, he will continue to do exactly what he did in 2024: provide depth as a left-handed swingman at Triple-A. While his performance this past year didn’t prove good enough to earn him another chance with the big league club, there is clearly a strong relationship between pitcher and team that both sides are interested in carrying on.
Nationals Re-Sign Trevor Williams
The Nationals officially announced the re-signing of Trevor Williams to a two-year free agent deal. It’s reportedly a $14MM guarantee for the John Boggs & Associates client. The veteran right-hander turns 33 next April.
The last time Williams was a free agent, he signed a two-year, $13MM pact with Washington. Despite an uneven performance over the past two seasons, he showed enough upside to convince the club to bring him back on an almost identical deal. In 2023, the righty was an innings eater for the Nationals, providing them with 144 1/3 frames in 30 starts. It was the first time he passed the 100-inning threshold since 2019. However, there was little else to like about his performance. No NL pitcher (min. 140 IP) had a higher ERA than Williams that year. He also finished among the bottom five in strikeout rate, SIERA, and xERA. Things turned especially sour at the end of the year; he gave up 33 runs (32 earned) in 35 2/3 innings over his final eight starts.
The 2024 season was a completely different story. Williams got off to a red-hot start, pitching to a 2.22 ERA across 11 outings in April and May. Unfortunately, he wasn’t able to do the one thing he did well in 2023: stay on the field. A flexor muscle strain in his pitching arm kept him out for nearly four months from May to September. He continued to see great results in two starts upon his return (10 IP, 1 ER, 12 K), but he finished the year with just 13 starts and 66 2/3 innings under his belt.
Most of the underlying data indicates Williams wasn’t quite as dominant as he seemed on the surface. His .267 BABIP and 4.2% home run-to-fly ball ratios were well below his career averages, while his 80.2% left-on-base percentage was well above his typical rate. His 22.7% strikeout rate marked a significant improvement from the year before, but it was only a touch above league average for a starting pitcher. Thus, his 3.96 SIERA was significantly higher than his 2.03 ERA.
Regardless, Williams was still a productive starter when he was on the field, even if the peripheral numbers suggest he was more of a mid-rotation arm than an ace. If he can figure out how to combine the best parts of his 2023 and ’24 seasons, he will be well worth a $7MM annual salary over the next two seasons. Of course, it’s far from a guarantee that he’ll be able to do that. Williams has reached 30 starts just twice in his nine-year MLB tenure, and he came into the 2024 season with a career 4.48 ERA and 4.66 SIERA. He is also entering his mid-thirties. In theory, his excellent command should help him thrive as an older starter. Then again, he could be in real trouble if he loses any more velocity on his four-seam fastball. It was a valuable pitch in 2024, but at 88.9 mph, it’s already one of the slowest heaters in the league.
Williams will return to a Nationals rotation that also features de facto ace MacKenzie Gore, free agent acquisition (and project) Michael Soroka, and a handful of mid-to-back-end types who broke out for Washington last year: Jake Irvin, Mitchell Parker, and DJ Herz. Top prospect Cade Cavalli will also factor into the equation, although Spencer Nusbaum of the Washington Post notes that the team will be monitoring Cavalli’s innings in 2025 and could option him to Triple-A to begin the year. Meanwhile, Josiah Gray is recovering from Tommy John surgery and will be out for most (if not all) of the 2025 campaign. It’s unclear how manager Dave Martinez will set up his rotation to begin the season, but barring an injury or a disastrous performance this spring, it feels safe to presume that Williams be one of the starting five (or six?) come Opening Day.
Stephen J. Nesbitt of the Athletic first reported the Nationals were re-signing Williams on a two-year, $14MM deal.
Yankees Sign Paul Goldschmidt
The Yankees officially announced the signing of Paul Goldschmidt to a one-year contract. The Excel Sports Management client is reportedly guaranteed $12.5MM.
Nightengale describes the Yankees’ pursuit of Goldschmidt this week as aggressive, though he notes they were also in talks with Christian Walker before he signed with the Astros. Carlos Santana was another first baseman New York reportedly considered. The Yankees had also been linked to Pete Alonso earlier in the offseason, but Ken Rosenthal of The Athletic reported that they were “increasingly likely” to opt for a less expensive first base signing.
Indeed, Goldschmidt’s $12.5MM salary is well below the three-year, $60MM guarantee Walker received from Houston and the five-year, $125MM deal MLBTR predicted for Alonso. It’s also below the one-year, $15MM pact we predicted for Goldschmidt when we ranked him at no. 35 on our Top 50 Free Agents list.
Goldschmidt, 37, was a free agent for the first time in his career. Drafted by the Diamondbacks in 2009, he made his big league debut with Arizona in 2011. After a strong start to his MLB career, he signed an extension with the D-backs that kept him under team control through the 2019 season. Upon being traded to the Cardinals in 2019, he signed another extension that ran through 2024. Through those years with Arizona and St. Louis, Goldschmidt was one of the best players in baseball. He made seven All-Star teams, won five Silver Sluggers, and earned NL MVP honors in 2022. Over 1928 career games, he has slashed .289/.381/.510 with 362 home runs and a 139 wRC+.
Since his MVP season in 2022, Goldschmidt has taken a few steps back. His .810 OPS and 122 wRC+ in 2023 were more good than great, while his .716 OPS and 100 wRC+ in 2024 were merely league average. That’s not an encouraging trend for a first baseman entering his late thirties. However, Goldschmidt’s underlying numbers in 2024 offer a little more promise. His .308 batting average on balls in play was well below his career average of .343. Similarly, his .310 wOBA was noticeably worse than his .329 xwOBA. A .329 wOBA still would have been the worst of his career, but it also would have been significantly better than league average. Finally, Goldschmidt’s second-half performance was vastly superior to his first-half effort. Through the All-Star break, he was slashing .230/.291/.373 with an 87 wRC+. From the break onward, he hit .271/.319/.480 with a 120 wRC+.
The Yankees are surely hoping Goldschmidt looks like his second-half self throughout the 2025 season. However, even his mediocre full-season numbers would be a big upgrade over what the Yankees got from their first basemen in 2024. Yankees first basemen ranked last in MLB in OPS (.619), second-to-last in wRC+ (76), and 26th in FanGraphs WAR (-1.1). If Goldschmidt can simply repeat his 2024 campaign, the Yankees would get a big boost over the combination of Anthony Rizzo, Ben Rice, and DJ LeMahieu. That will be especially true against left-handed pitching. Goldschmidt slashed .295/.366/.473 with a 134 wRC+ against lefties this past season. Meanwhile, New York’s offense was significantly worse against lefties than righties. Goldschmidt should be a big help in that department.
On the defensive side, Goldschmidt, a four-time Gold Glove winner, will undoubtedly play first base for the Yankees. That will push recent trade acquisition Cody Bellinger into the outfield. It always seemed likely that Bellinger would play the outfield in New York, but manager Aaron Boone suggested earlier this week that first base was still an option. It’s safe to say that option is now off the table.
If the Yankees are still looking to add another bat, third base could be the next avenue they turn to for improvement. Jazz Chisholm Jr. took over at the hot corner after the trade deadline in 2024, but second base is his natural position. By sliding back to second, he could give the Yankees more flexibility to seek an upgrade in the infield. Some intriguing options at third base include free agent Alex Bregman and trade candidate Nolan Arenado. The Yankees have already expressed interest in both players.
Adding either Bregman or Arenado would likely push the team’s payroll above last year’s final estimate of $303MM (per RosterResource). It would also put them above the highest tier of the luxury tax once again. Although it wouldn’t be surprising to see the Yankees run such a high payroll in 2025, it’s worth keeping in mind that even the Steinbrenner’s have their spending limits. Chairman Hal Steinbrenner said earlier this year that the team’s current payroll is “simply not sustainable for us financially.” The fact that the Yankees were outbid for Juan Soto and that they were seeking a less expensive first baseman like Goldschmidt further suggests that GM Brian Cashman is working under payroll constraints. Those constraints could impact how the team operates for the rest of the offseason.
Jack Curry of the YES Network first reported the Yankees and Goldschmidt had agreed to a one-year deal. Bob Nightengale of USA Today was first on the salary.
Image courtesy of Imagn.
Cubs Among Teams Interested In Josh Rojas
According to Mark Feinsand of MLB.com, free agent Josh Rojas is drawing interest from multiple teams. The Cubs are one such club, and Feinsand characterizes their attraction to the veteran utility man as “serious.”
Rojas, who turns 31 next June, was somewhat surprisingly non-tendered by the Mariners earlier this offseason. His bat was middling at best in 2024, but he did steal 10 bases and draw walks at a well-above-average clip. More importantly, he graded out as a strong infield defender according to several metrics, including Defensive Runs Saved (DRS) and Outs Above Average (OAA). As a result, he finished with 1.9 Wins Above Replacement (WAR) according to FanGraphs and 2.1 WAR according to Baseball Reference. If he could simply repeat that performance in 2025, he would have been well worth his projected $4.3MM salary. Yet, the Mariners decided to move on.
Although Rojas played the vast majority of his games at the hot corner in 2024, he is also a capable defensive second baseman. On top of that, he can cover most other positions in a pinch. He has played shortstop, both outfield corners, and (briefly) first base at times throughout his six-year MLB career.
The Cubs are stocked with Gold Glove winners at second base, shortstop, and both outfield corners. However, they don’t currently have anyone locked in at third base. Top prospect Matt Shaw seems like the most logical choice to replace Isaac Paredes on the far left side of the infield, but Shaw has no big league experience and only 35 games at Triple-A under his belt. To that point, Cubs president of baseball operations Jed Hoyer recently said Shaw will have a chance to earn the third base job, but it’s not his just yet. Recent trade acquisition Vidal Bruján can also play third base, but given his complete lack of MLB success over the past four years, Bruján should be nothing more than a utility player for the bench. Finally, Rule 5 pick Gage Workman is a terrific defender at third base, but like Shaw, he has no major league experience – and unlike Shaw, there are serious questions about how his bat will hold up against MLB pitching.
With all that in mind, Rojas seems like a perfect fit for the Cubs. He could take over as Chicago’s starting third baseman to begin the season, batting at the bottom of the lineup and supplementing what is already one of the best defensive alignments in the league. However, he wouldn’t block Shaw if the youngster proves himself ready for everyday playing time at the big league level. Instead, he would slide into the utility job on the bench, offering a significant upgrade over Bruján.
Financially speaking, the Cubs should have no trouble paying whatever price Rojas is seeking. Presumably, he’ll end up signing a one-year contract with a seven-figure guarantee. After offloading most of Cody Bellinger‘s salary earlier this month, Chicago is approximately $50MM below the first luxury tax threshold and $54MM below last year’s final payroll (per RosterResource). If the Cubs don’t land Rojas, other free agents who could address the same need at a similar price point include Jose Iglesias and Paul DeJong.
Cubs To Sign Ben Heller To Minors Contract
The Cubs are signing Ben Heller to a minor league contract, reports Andrew Destin of the Pittsburgh Post-Gazette. The right-hander is represented by Onyx Sports Management.
Heller, 33, was a 22nd-round draft pick in 2013, signing with Cleveland for a mere $2,500 bonus. However, he quickly began turning heads with his high-velocity fastball. From 2013-16, he moved up the ranks of Cleveland’s farm system from Low-A to Triple-A, pitching to a 2.77 ERA and 2.58 FIP. In 172 1/3 innings, he gave up just six home runs while striking out more than 30% of the batters he faced. All the more impressive, those numbers aren’t inflated by a dominant performance at the lower levels. He pitched to a 0.81 ERA and 1.59 FIP in 22 1/3 innings at Double-A Akron and a 2.49 ERA and 3.01 FIP in 25 1/3 innings at Triple-A Columbus.
Due to his age (he was approaching 25 by the time he was promoted to Triple-A) and the fact that he was always a reliever, Heller rarely earned much attention from prospect evaluators. However, he started to generate some buzz when he was included in the package Cleveland sent to the Yankees to acquire Andrew Miller at the 2016 trade deadline. Heller made his MLB debut for New York later that year. Unfortunately, his results were poor for just about the first time in his pro career. Over 10 appearances, he gave up five runs on 11 hits in seven innings, striking out six, walking four, and hitting two batters.
Despite his poor debut with the big league squad, Heller continued to thrive at Triple-A in his new organization. He put up a 2.73 ERA and 2.97 FIP in 62 2/3 innings for the Scranton/Wilkes-Barre RailRiders from 2016-17. Even better, he looked more effective in a handful of appearances in the majors in 2017, tossing 11 frames and giving up just one run.
Sadly, Heller lost almost all of his 2018 and ’19 seasons to Tommy John surgery. Since then, he has struggled to find consistent success. He made just six appearances in 2020, and the Yankees released him the following offseason. The Diamondbacks signed him to a minor league contract not long after, but a stress fracture in his elbow kept him out for the entire 2021 campaign.
Since then, he has bounced between the Twins, Rays, Braves, and Pirates organizations. He has a 6.75 ERA in 30 2/3 MLB innings for Atlanta and Pittsburgh and a 3.78 ERA in 78 2/3 innings at Triple-A. He has continued to generate high strikeout rates in the minors, but control issues have plagued him in the big leagues. Of the 148 MLB batters he’s faced over the past two years, 16.9% have reached on either a walk or a hit-by-pitch. What’s more, arm injuries were a problem again in 2024; Heller landed on the IL at the end of August with right shoulder inflammation and did not return.
At the end of the day, Heller is a no-risk, high-reward signing for the Cubs. His four-seam fastball averaged 96.3 mph in 2024 and topped out at 98 mph, while his sinker averaged 95.3 mph and topped out at 97 mph. He also throws a changeup, a cutter, a slider, and a sweeper. That’s an unusually deep arsenal for a reliever, which gives the Cubs plenty to work with if they want to adjust his pitch mix. Presumably, Heller will compete for a spot in Chicago’s bullpen during spring training.
Wade Miley Plans To Pitch In 2025, Would Prefer To Re-Sign With Brewers
When Wade Miley went under the knife for Tommy John surgery this past April, he wasn’t sure if he’d ever return to a major league mound. He told Adam McCalvy of MLB.com that he’d wait to get through some of his rehab before deciding whether or not to retire, though he added that he’d prefer to go out on his own terms rather than due to an injury, saying “I still feel like I’ve got more in the tank.”
Today, Curt Hogg of the Milwaukee Journal Sentinel offered an update on Miley’s rehab and future plans. Long story short, the veteran southpaw is doing everything in his power to get back on the field. Not only does he plan to pitch in 2025, he wants to pitch as soon as possible. It’s been less than eight months since he underwent TJS this past May, but he hopes to be pitching in games by the end of spring training and ready to pitch in the majors as soon as late April/early May. The general recovery timeline for pitchers who undergo TJS is 12 to 18 months, and Miley isn’t your typical patient – he was 37 when he had his surgery and turned 38 in August. Yet, he’s optimistic he can get back to the highest level of competition barely a year after he hit the shelf.
Interestingly, Miley suggests his advanced age could actually help him make a speedy return. While a younger pitcher might prefer to exercise the utmost caution with the future of his career in mind, Miley is only thinking in the short term. His priority isn’t to prolong his pitching career for as long as possible, it’s to get back to action as soon as he can. “I’m not dragging [out] this thing for 14 to 16 months,” he explained. “…If it doesn’t work out, it doesn’t work out. And that’s on me.”
The 2024 season was a lost year for Miley, who threw just seven innings over two outings. The year prior, he made 23 starts for the Brewers. He pitched to a 3.14 ERA, 4.33 xERA, and 5.04 SIERA over 120 1/3 innings between two stints on the IL with back and elbow issues. He put up slightly better numbers with the Cubs the year before that, although more injuries limited him to just 37 innings. His last qualified season came with the Reds in 2021. He tossed 163 frames in 28 starts with a 3.37 ERA, 4.09 xERA, and 4.52 SIERA.
All that to say, Miley can still be a productive pitcher when healthy, even though health has been hard for him to come by. Perhaps that’s enough to earn the veteran a one-year, major league deal. If not, it should make him the ideal candidate for an incentive-based minor league contract. The big question, however, is if he’ll be able to find a club that’s willing to let him attempt such a quick return from TJS. Most teams might prefer that he take a slower and steadier approach to his rehab, both to keep him healthy and to keep him on the 60-day IL until they need him for depth later in the year.
As badly as he wants to pitch in 2025, Miley clarified that he wouldn’t sign just anywhere. For one thing, he isn’t interested in joining a team that would stash him on the IL for the first several months of the season. Furthermore, geography seems to be important to him, likely because he doesn’t want to relocate his family across the country. To that end, he expressed a preference to sign with a Central division team; he’s been in the NL Central since he signed with the Reds ahead of the 2020 campaign. In particular, Miley heavily implied that the Brewers remain his team of choice. “I would sign back in the Central, preferably wearing blue,” he said. “Dark blue.”
Hogg notes that the interest is mutual, and the Brewers have spoken with Miley this winter about a new contract. While the two sides haven’t made much progress yet, that doesn’t mean a deal won’t come together. Miley’s representatives are trying to find him a guaranteed big league deal, while the Brewers are not yet willing to offer anything more than a minor league contract. Ultimately, however, Miley told Hogg that he’d be happy to sign a non-guaranteed contract with financial incentives. He’s not doing his agents any favors by saying that out loud, but it seems like Miley isn’t too concerned about the money.
As for the Brewers, they rarely spend significant money on free agent pitchers. Combine that fact with Miley’s injury history, and it’s not hard to see why they’d be hesitant to offer him a big league deal. What’s more, Milwaukee already has a full rotation including Freddy Peralta, Brandon Woodruff, Nestor Cortes, Tobias Myers, and Aaron Civale, as well as DL Hall and Aaron Ashby. However, this team knows better than anyone that there’s no such thing as too much starting pitching depth – their rotation was plagued by injuries throughout the 2024 season – and they clearly like what Miley brings to the table. They’ve already acquired him three times before, and for what it’s worth, they won their division in all three years (2018, ’23, ’24). Thus, it’s not hard to picture these two sides coming together on a new deal for 2025.
With all that said, it’s still no guarantee Miley is pitching for the Brewers, or anyone, in 2025. He implied to Hogg that he’d rather retire than sign with a team that isn’t the right fit. He also made it clear that he doesn’t want to pitch in the majors if he isn’t going to be productive. “I don’t want to be a burden on anyone and make three starts and be done,” he said.
To that point, Miley mentions that bone spurs in the back of his elbow have been a problem so far in his rehab. If the bone spurs continue to cause trouble and prevent him from pitching this spring, it’s certainly possible he’ll decide to hang up his hat. After all, he told Hogg that he’s already accomplished everything “he ever dreamed of” in Major League Baseball over the course of his 14-year career.
CPBL’s Fubon Guardians Sign Roenis Elías
Left-handed pitcher Roenis Elías has reportedly signed a contract for the 2025 season with the Fubon Guardians of the CPBL in Taiwan. TSNA (h/t to CPBL Stats) was the first to report the news (Chinese language link), which Francys Romero later confirmed. The southpaw will earn a guaranteed $500K USD salary.
Elías, 36, spent time with the Mariners, Red Sox, and Nationals throughout parts of seven MLB seasons. His best year was his rookie campaign with Seattle in 2014, when he pitched 163 2/3 innings over 29 starts with a 3.85 ERA and 3.96 SIERA. Unfortunately, he struggled to ever replicate that success. From 2015-22, he pitched 232 big league innings over 104 games (25 starts), putting up a 4.03 ERA and 4.49 SIERA.
Although he signed a minor league deal with the Cubs ahead of the 2023 season, Elías made only four starts for Triple-A Iowa before the organization released him to pursue a career overseas. He inked a $540K contract with the KBO’s SSG Landers in May and pitched to a 3.70 ERA in 131 1/3 innings over the rest of the year. That ERA was well below the 4.14 league average, as was his 6.0% walk rate. Those numbers were enough to earn him another season (and a raise) from the Landers, who re-signed him to a one-year, $1MM deal for the 2024 campaign.
Unfortunately, the 2024 season wasn’t quite as kind to Elías. He missed time with an oblique injury and finished with a 4.08 ERA in 123 2/3 innings. However, it’s worth pointing out that his ERA was actually better compared to the league average in 2024 than it was in 2023. He also increased his strikeout rate from 17.0% to 19.8% while slightly reducing his walk rate. Nevertheless, it seems as if the Landers opted not to bring him back for a third year with the club. Instead, Elías will take a pay cut and try to establish himself in a new foreign league.
The Opener: Luzardo, Buehler, Pending Contracts
The Opener is back after a brief hiatus. Here are three things to watch for around baseball today:
1. Jesús Luzardo media availability:
Jesús Luzardo will speak with media members today for the first time since the Phillies acquired him in a trade with the Marlins. The left-hander was excellent in 2023 but struggled in 2024 before suffering a season-ending lumbar injury. He also spent a couple of weeks on the IL in April and May with tightness in his throwing elbow. However, the 27-year-old told reporters (including Christina De Nicola of MLB.com) earlier this winter that he has been able to perform his “normal offseason progression,” suggesting his elbow and back are “feeling really good.” Presumably, Luzardo will further discuss his health and offseason program with reporters from the Phillies beat this afternoon.
2. Craig Breslow to discuss Walker Buehler signing:
After coming to terms with free agent right-hander Walker Buehler last week, the Red Sox officially announced his one-year, $21.05MM contract over the weekend. Today, chief baseball officer Craig Breslow will meet with reporters to take questions about Buehler (per Chris Cotillo of MassLive). Cotillo adds that there are currently no plans for the pitcher himself to hold an in-person press event.
Breslow is likely to address how Buehler will slot into a starting rotation that also includes Garrett Crochet, Tanner Houck, Lucas Giolito, Brayan Bello, Kutter Crawford, and potentially/eventually Garrett Whitlock, Patrick Sandoval, and Quinn Priester. In addition, expect Breslow to answer questions about what comes next. He has made several moves to bolster Boston’s pitching staff this winter but next to nothing to upgrade the offense.
3. Free agent contracts yet to be finalized:
A handful of reported free agent deals from December have yet to be officially announced. Those include Paul Goldschmidt‘s one-year, $12.5MM deal with the Yankees; Joc Pederson‘s two-year, $37MM deal with the Rangers; Teoscar Hernández‘s three-year, $66MM deal with the Dodgers; and Corbin Burnes‘s six-year, $210MM deal with the Diamondbacks. While the Hernández and Burnes deals were reported relatively recently (Dec. 27 and Dec. 28, respectively), it’s been more than a week since Goldschmidt (Dec. 21) and Pederson (Dec. 23) agreed to terms with their new clubs. Barring any surprising developments, both deals will most likely be finalized imminently.
Mets Notes: Pederson, Alonso, Third Base, Rotation
The Mets have already added one of the best left-handed hitters in the game this offseason, signing Juan Soto to a 15-year, $765MM deal. However, Jon Heyman of the New York Post suggests they were recently in on another big lefty bat: Joc Pederson. That was, of course, before Pederson agreed to a two-year, $37MM deal with the Rangers early on Monday morning.
Presumably, the Mets were interested in Pederson as a designated hitter. Coming off an excellent 2024 campaign, he would have made a strong replacement for J.D. Martinez. Like Pederson, Martinez became a free agent at the end of the season. If the Mets are still in the market for a DH after losing out on Pederson, their options are somewhat limited. Martinez might be the best true DH left in free agency. They could, of course, pursue an outfielder like Anthony Santander or Teoscar Hernández, but those two are looking for significantly more money than Pederson, and, presumably, they would prefer to continue playing the outfield.
However, if it’s really just another big bat the Mets are looking for, the best solution could also be the most straightforward: re-signing first baseman Pete Alonso. Bob Nightengale of USA Today reported on Sunday that the Mets are still “pushing hard” to re-sign their homegrown slugger. If that’s true, it’s difficult to imagine Alonso ending up anywhere else. Teams like the Yankees and Astros have already filled their holes at first base. And when the Mets set their sights on a target, they’re not easy to outbid.
Nightengale also notes that the Mets “like their internal options” at third base – in other words, he implies they aren’t likely suitors for star third baseman Alex Bregman. However, it’s not clear if that is at all contingent on the team re-signing Alonso. If Alonso is back in Queens next season, Mark Vientos is the obvious candidate to play third base. Vientos was one of the team’s best hitters in 2024, while also providing capable defense at the hot corner. Yet, if Alonso signs elsewhere, Vientos is likely to move across the diamond and take over at first. Simply put, there is a massive difference between Vientos and the next-best option at third base, which seems to be former top prospect and unproven big leaguer Brett Baty. The other internal options include Ronny Mauricio, who spent the entire 2024 season on the IL, and Luisangel Acuña, a second baseman/shortstop who has never played third base professionally. It’s hard to believe the Mets would feel confident going into the season without a more reliable player at third base.
It’s easier to accept the notion that the Mets are done adding to their rotation, which Will Sammon of The Athletic suggests is the case. After agreeing to a three-year, $75MM deal with Sean Manaea, the Mets have now signed three notable free agent starters: Manaea, Frankie Montas, and Clay Holmes. Those three will join Kodai Senga and David Peterson in the rotation, with Paul Blackburn, Griffin Canning, and Tylor Megill offering additional depth. Top prospect Brandon Sproat is another arm who could start for the Mets at some point in 2025.
With Senga and Manaea occupying the top two spots in the rotation, the Mets don’t have a bona fide ace like Zack Wheeler of the Phillies or Chris Sale of the Braves. However, their starting pitching depth looks like it’s going to be an asset. They would surely find room for Roki Sasaki if the NPB superstar chooses to sign in Queens, but otherwise, the Mets seem to have all the starters they can carry to begin the 2025 campaign.
Yankees Sign Jonathan Loáisiga
The Yankees reunited with Jonathan Loáisiga on a one-year deal with a 2026 club option. Loáisiga, an ISE Baseball client, is reportedly guaranteed $5MM. He’ll receive a $500K signing bonus and a $4.5MM salary with a $5MM club option for 2026. The deal contains bonuses that could push the value of the option to $5.5MM. Loáisiga is reportedly hoping to be back on the mound by late April after undergoing an internal brace surgery this past spring.
Loáisiga, 30, began his professional career with the Giants, signing as an international free agent in 2012. Unfortunately, he struggled with injuries, and the Giants released him partway through the 2015 season. The Yankees scooped him up in 2016, but it wasn’t long before his injury troubles came back. He suffered a torn UCL, and Tommy John surgery kept him off the field until June 2017. Yet, he was sensational upon his return, pitching to a 1.38 ERA and 2.17 FIP in 32.2 innings between Rookie Ball and Low-A. It was enough for MLB Pipeline, FanGraphs, and Baseball America to rank him among the top 25 prospects in New York’s farm system entering 2018. After another strong showing that year, he shot up to the no. 2 spot on all three lists.
Success eluded Loáisiga at the big league level over his first three seasons from 2018-20. It didn’t help that various injuries plagued him during that time, most notably a shoulder strain in 2019. However, things changed when the righty moved into a full-time relief role in 2021. He continued to deal with shoulder problems (he spent most of September on the IL), but when he was on the field, he was one of the best relievers in the sport. Loáisiga pitched to a 2.17 ERA and 3.01 SIERA over 70 2/3 innings. His sinker, which was suddenly touching triple-digits, became his new primary pitch, and he paired it with a new-look curveball that was practically unhittable. Meanwhile, his changeup was his strongest weapon against opposite-handed hitters, and it helped him post almost equally impressive numbers against righties and lefties alike.
Sadly, Loáisiga has yet to pitch a full season since his 2021 breakout. His shoulder gave him trouble once again in 2022, while his elbow problems returned the following season. He had surgery to address bone spurs in his elbow in April 2023 and internal brace surgery to repair a torn UCL in April 2024. He has only pitched 69 2/3 innings over the past three years, putting up a 3.62 ERA and 3.91 SIERA. Yet, he still has plenty of promise in his powerful right arm. He averaged 98 mph on his sinker over three appearances this past April, and the handful of curveballs he threw still looked filthy. That explains why several teams expressed interest in signing him this winter, including the Padres, Rangers, Mets, and Blue Jays.
It’s also a promising sign that the team that knows him (and his injury history) best is the team that ultimately re-signed him. Unlike some of Loáisiga’s other suitors (namely the Padres and Rangers), the Yankees don’t need to hunt for bargains or bet on buy-low free agent targets. They just signed Max Fried to a massive eight-year deal, and they’re not done looking for upgrades as they try to replace Juan Soto in the aggregate. They wouldn’t have signed Loáisiga if they didn’t think he could be a valuable contributor to their bullpen.
The Yankees lost several relievers to free agency this offseason, including Clay Holmes, Tommy Kahnle, and Tim Hill. Thus, Loáisiga will slot into a ‘pen that lacks high-leverage arms after Luke Weaver and Ian Hamilton. General manager Brian Cashman will presumably remain active in the market for relievers; the Yankees were linked to All-Star closer Carlos Estévez earlier this offseason, while reunions with Kahnle and Hill could also be in the cards.
Levi Luna first reported the Yankees and Loaisiga were nearing agreement. ESPN’s Jorge Castillo confirmed an agreement on a one-year deal with a club option. The New York Post’s Jon Heyman reported the finances.