Cubs Notes: Hoerner, Third Base, Bellinger, Steele
The Cubs made a massive splash on the trade market yesterday when they landed star outfielder Kyle Tucker is a blockbuster deal with the Astros. The club surrendered a hefty package of All-Star third baseman Isaac Paredes, 2024 first-rounder Cam Smith, and right-handed youngster Hayden Wesneski in order to make the deal, however, and the loss of Paredes in particular may have changed some of the club’s offseason plans.
Second baseman Nico Hoerner has reportedly been available in trade talks this winter, with the Mariners in particular being said to have interest in the infielder. According to Ken Rosenthal of The Athletic, however, it’s possible that the club’s thinking involving Hoerner has changed in the aftermath of yesterday’s deal with the Astros. Rosenthal notes that the Cubs were motivated to trade from their infield mix in order to open up playing time for top prospect Matt Shaw, who hit a sensational .298/.395/.534 in a late-season cup of coffee at the Triple-A level and appears ready to make the jump to the major leagues.
Shaw was drafted as a shortstop, but is a bat-first prospect who has spent time at both second and third base in the minors since being selected with the 13th-overall pick in the 2023 draft. While Shaw has typically been considered a more natural fit at second than third due to questions about his arm strength, the youngster logged 580 1/3 innings at the hot corner in the minors this past year and seems to be a natural choice to replace Paredes in Chicago’s infield mix next year. That, according to Rosenthal, leaves the Cubs “likely” to keep Hoerner in the fold headed into next season.
It’s at least possible another addition changes those plans, as USA Today’s Bob Nightengale reported earlier today that the club is in the market for third base help following yesterday’s deal. It’s unclear if such an addition would be a part-time player who could offer insurance in case Shaw proves to not be quite ready for the majors or if the Cubs are pursuing more of a regular option at the hot corner, but it would seem likely at this point that the Cubs may only seriously entertain a Hoerner trade going forward if they’re able to land a regular third baseman, thereby allowing them to replace Hoerner with Shaw at the keystone.
While Hoerner may be staying put in Chicago, the same cannot be said for Cody Bellinger. The 2019 NL MVP has been known to be on the trade block all winter due to the outfield logjam the Cubs experienced late in the 2024 season, when Bellinger was vying with Seiya Suzuki, Ian Happ, Mike Tauchman, and top prospect Pete Crow-Armstrong for regular playing time. That logjam already led the Cubs to non-tender Tauchman, and the introduction of Tucker as the surefire everyday starter in right field only further emphasized that Bellinger figures to play in another uniform next year.
The Yankees appear to be perhaps the most aggressive suitor for Bellinger this winter, though reports have previously indicated that the sides remain apart on how much of Bellinger’s contract the Cubs should retain. Peter Botte of the New York Post provided additional details about the situation yesterday, reporting that the sides are “more than $10MM” apart in their negotiations. That’s a hefty gap the sides will need to bridge in order to come together on a deal, as it represents more than a third of Bellinger’s $27.5MM salary for the 2025 season. Freeing up money in order to improve other areas of the roster seems to be one of the primary motivators for the Cubs in trading Bellinger. According to RosterResource, the club’s luxury tax payroll sits at just under $215MM after the Tucker deal, and clearing as much of Bellinger’s $26.67MM average annual value off the books as possible would greatly increase Chicago’s financial flexibility as they look into improving their rotation by dealing for a starter like Mariners righty Luis Castillo or Marlins southpaw Jesus Luzardo.
Speaking of the rotation, Patrick Mooney and Tim Britton of The Athletic recently took a look at the possibility of an extension between the Cubs and left-hander Justin Steele. The pair report that Steele and the Cubs have not engaged in extension talks to this point, though they note that the Cubs frequently use the start of Spring Training as an opportunity to explore extensions with players as they’ve done with Hoerner and Happ in the past before ultimately getting deals done closer to Opening Day.
The 29-year-old lefty is certainly an intriguing extension candidate. Steele is under team control for three more seasons and doesn’t sport high-end velocity or massive strikeout rates. With that said, his results have been undeniably excellent in three seasons since he joined the rotation on a full-time basis. In 427 innings of work across 78 starts over the past three years, Steele has posted a 3.10 ERA (134 ERA+) with a nearly matching 3.14 FIP. He generates grounders at a strong 48.5% clip and has limited walks to just a 5.7% rate over the past two seasons after struggling somewhat with his control in 2022. Among starters with at least 300 innings over the past two years, only Gerrit Cole has allowed a lower ERA than Steele’s 3.07, while his 3.11 FIP ranks third behind Sonny Gray and Logan Webb.
Mets, Orioles Among Teams To Inquire After Luis Castillo
Mariners right-hander Luis Castillo has received plenty of interest from various clubs amid a hot market for starting pitching this winter, with the Red Sox and Cubs among the teams who have been connected to the right-hander so far. A report from The Athletic’s Ken Rosenthal this evening name-checks two more clubs who have “at least inquired” after the veteran: the Mets and the Orioles. With that said, however, Rosenthal emphasizes that Mariners are only willing to deal Castillo if the return package improves the big league club as they look to return to the postseason next year.
Both clubs are certainly sensible suitors for the right-hander. The Mets have already added Clay Holmes and Frankie Montas to a rotation that entered the offseason with only Kodai Senga and David Peterson locked into starting roles for 2025, but those additions offer little certainty to the Mets. That makes a steady and reliable arm like Castillo’s a sensible choice for that final rotation spot in Queens, but it’s unclear whether New York has the big-league ready pieces to offer Seattle in order to facilitate a deal. Top prospect Luisangel Acuna would surely be attractive to the Mariners as a big league ready infield option who looked good in a 14-game cup of coffee with the Mets last year, but the soon-to-be 23 year old could be a major factor in the club’s plans for 2025 given his ability to not only play the infield and also a strong center field. That figures to be particularly true if the Mets fail to re-sign Pete Alonso and move Mark Vientos to first base, which would seemingly open up regular playing time for Acuna at either second or third base.
The Orioles, by contrast, have a surplus of talent around the infield that could be attractive to the Mariners as they look for a front-of-the-rotation arm to replace free agent hurler Corbin Burnes. In particular, the club has a bit of a logjam at first base that the Mariners could stand to benefit from. While it’s unclear if Baltimore would be willing to part ways with top prospect Coby Mayo, Ryan Mountcastle and Ryan O’Hearn were forced to share first base duties last year thanks to a crowded positional mix that figures to only become more cramped with the growing playing time needs of youngsters like Mayo, Heston Kjerstad, and Jackson Holliday. With Holliday poised to take over second base on an everyday basis in 2025, it’s also possible that a veteran infielder like Ramon Urias could be available for the Mariners in a deal.
Another obstacle to a potential Castillo deal, Rosenthal writes, is that parting ways with the right-hander could leave the club thin on rotation depth. While their top four of Logan Gilbert, George Kirby, Bryce Miller, and Bryan Woo would remain among the strongest in the sport, big league ready options like Emerson Hancock and Jhonathan Diaz don’t provide much confidence for the Mariners’ back-end. One solution to that problem, of course, could be a young pitcher heading back to Seattle as part of the return for Castillo. The Cubs (Jordan Wicks and Javier Assad), Red Sox (Richard Fitts and Cooper Criswell), Mets (Tylor Megill and Paul Blackburn), and Orioles (Cade Povich and Trevor Rogers) all have players on the rotation bubble who they could at least theoretically make available in trade talks with the Mariners, should improving rotation depth be key to a deal from Seattle’s perspective.
A’s Looking To Add Third Baseman, “Wouldn’t Rule Out” Another SP Addition
7:26pm: The A’s inquired after Bohm with the Phillies, according to a report from The Athletic’s Ken Rosenthal, but Philadelphia’s request for star closer Mason Miller in return for Bohm’s services reportedly ended those discussions.
5:49pm: As the Athletics gear up to play the 2025 campaign in their temporary home of West Sacramento while waiting on a more permanent move to Las Vegas, they’ve made an effort to put a more competitive product on the field after showing signs of progress with a 32-32 record after the All-Star break during their final season in Oakland. Those efforts to bolster the roster started when they inked right-hander Luis Severino to a three-year deal and continued today when they landed left-hander Jeffrey Springs in a five-player trade with the Rays earlier today.
The addition of Severino and Springs to the top of the A’s rotation adds some credibility to the club entering 2025 after the club’s starters struggled to a 4.76 ERA that was a bottom five figure in the majors last year. Severino and Springs will front a rotation that currently also figures to feature JP Sears, Mitch Spence, and Joey Estes on Opening Day, but club GM David Forst indicated to reporters (including Martin Gallegos of MLB.com) that he “wouldn’t rule out” adding another starter to the mix. In addition to continuing to weigh a potential third rotation addition, Forst suggested (as relayed by Gallegos) that he intends to explore both the trade and free agent markets for a potential third base addition.
The A’s significant additions and newfound willingness to commit to a higher payroll come with off-the-field concerns attached in addition to desire to improve the roster on the field. Reporting earlier this week indicated that the A’s would run the risk of a grievance from the MLB Players Association if they don’t spend 150% of their revenue sharing money on MLB payroll. With the A’s reportedly expected to rake in $70MM or more in revenue sharing, that means they’ll need a payroll of $105MM or more for luxury tax purposes in order to avoid risking a grievance from the players’ union. After today’s trade to land Springs, RosterResource projects the club for an $88.5MM luxury tax payroll in 2025. That still leaves around $15MM in budget room for luxury tax purposes before they reach that $105MM benchmark, which ought to leave the door open for the club to another addition or two.
In the rotation, even a back-of-the-rotation veteran such as Andrew Heaney or Kyle Gibson (who the A’s were previously connected to prior to the Springs deal). would likely eat up most if not all of that $15MM. It’s at least theoretically possible the club could look to spend beyond that, however. Previous indications have suggested that the club was targeting a payroll in the $100MM range for 2025. Given that RosterResource’s projection for the club actual payroll in 2025 in terms of cash paid out is just over $64MM, that would leave substantially more room to spend than if the A’s are targeting a payroll in the $100MM range for luxury tax purposes. That could make both the addition of a back-end starter and a notable salary at third base feasible.
Turning to the hot corner, the position has been the focus of a number of different clubs in the rumor mill this winter. The Cubs dealt third baseman Isaac Paredes to the Astros just yesterday, and Houston’s longtime third baseman Alex Bregman remains one of the most coveted players on the free agent market. Meanwhile, the Cardinals have made clear their intentions of dealing Nolan Arenado this winter. The Angels, Tigers, Yankees, and Astros are among the other teams known to be in the market for third base help, while the Red Sox and Padres remain on the periphery of the market as teams with established third basemen who have been connected to potential third base options like Bregman and Arenado as solutions at other positions.
It’s nearly impossible to imagine a top-tier free agent like Bregman or a veteran with no-trade protection such as Arenado choosing to play out a long-term deal in West Sacramento, but that doesn’t mean the A’s are completely out of luck if they hope to add a third baseman to their roster this winter. Alec Bohm of the Phillies is one frequently-discussed trade candidate at the hot corner, and Diamondbacks veteran Eugenio Suarez has seen his name percolate in the rumor mill as another possible trade chip. Meanwhile, Jorge Polanco, Paul DeJong, and Yoan Moncada are among the potential third base options available in the lower tiers of the free agent market, and it’s possible that a club with an infield surplus such as the Blue Jays or Orioles could make someone like Davis Schneider or Ramon Urias available in trade.
Peter Lambert To Sign With NPB’s Yakult Swallows
Right-hander Peter Lambert is poised to sign with the Yakult Swallows of Nippon Professional Baseball on a one-year deal, according to a report from Nikkan Sports (Japanese language link). The report suggests that Lambert would earn a $1.6MM salary in 2025 if the deal is completed.
Lambert, 28 in April, was a second-round pick by the Rockies back in 2015. The right-hander made his MLB debut during the 2019 season and ultimately started 19 games for the Rockies that year, though the results left much to be desired as he struggled to a 7.25 ERA with a 5.97 FIP. Those figures were lackluster even for Coors Field in an offense-heavy environment as signaled by his 146 ERA- and 129 FIP- that suggest he was 46% and 29% worse than league average, respectively, by those metrics. Lambert struck out just 13.6% of his opponents in that rookie season while walking 8.6%.
That wound up being Lambert’s only big league exposure for quite some time, as he did not pitch during the shortened 2020 season after undergoing Tommy John surgery that July. He returned to the big league mound near the end of September in 2021, but struggled badly in 5 2/3 innings before missing almost the entire 2022 season due to forearm and elbow issues. Finally healthy in 2023, Lambert returned to the mound and looked a bit better with a 5.36 ERA (108 ERA-) and a 5.44 FIP (119 FIP-) that were a bit closer to average. Lambert pitched 87 1/3 innings split between the rotation and the bullpen for Colorado that year with a career-best 18.9% strikeout rate and a 7.5 walk rate.
That was enough to put him in the conversation for a rotation spot with the Rockies to open the 2024 campaign, though he ultimately lost out on that role to Dakota Hudson. Lambert pitched almost exclusively out of the bullpen this past year but took a bit of a step back, with a 5.72 ERA (123 ERA-) in 61 1/3 innings of work. With that being said, the right-hander’s 4.54 FIP (106 FIP-) was nearly league average as he got a better handle on his long-standing home run issues, allowing him to post playable numbers despite a career-worst 10.4% walk rate and a still-lackluster 17.9% strikeout rate.
Lambert was outrighted off of Colorado’s roster back in October and subsequently elected free agency. That’s now led Lambert to explore options overseas, and should his deal with the Swallows become official he’d earn the opportunity to attempt to re-establish himself as a pitcher in Japan while on a far more lucrative contract than he’d have found in the majors, where he’d surely have been limited to only minor league deals. Still a few years from his 30th birthday, there remains plenty of time for Lambert to figure things out overseas and attempt a comeback in the big leagues like many pitchers (such as Miles Mikolas and Matt Moore) have done in the past.
Latest On Blue Jays’ Offseason Pursuits
The Blue Jays made a major splash during the Winter Meetings this past week, swinging a trade with the Guardians that sent slugger Spencer Horwitz (very briefly) to Cleveland in exchange for second baseman Andres Gimenez and right-hander Nick Sandlin. The club also reunited with right-hander Yimi Garcia on a two-year deal during the meetings to bolster their relief mix. Now that they’ve made those additions to the bullpen and infield Ben Nicholson-Smith of Sportsnet wrote about the club’s needs going forward into the rest of the offseason, noting that the club is interested in adding an impactful slugger to the middle of the lineup to pair with Vladimir Guerrero Jr. as well as a starting pitcher who could push Yariel Rodriguez into the bullpen for the club.
It’s hardly a surprise that the club is looking to upgrade the roster in these areas given the players they’ve been connected to this winter. In the aftermath of the club’s failed pursuit of Juan Soto, Toronto has been name-checked as a potential suitor for corner outfield sluggers like Teoscar Hernandez and Anthony Santander. Nicholson-Smith opines that the outfield appears to be the “most logical” place for the club to add impact now that the addition of Gimenez has helped to solidify the club’s infield mix, particularly given the fact that center fielder Daulton Varsho is expected to start the 2025 season on the injured list after undergoing surgery on his rotator cuff back in September.
With that said, Nicholson-Smith also suggests that the club could add a more defensively-limited player to their lineup as well after parting ways with a similarly limited player in Horwitz opened up additional DH reps. To that end, Nicholson-Smith reiterates the club’s interest in Hernandez while also floating two other names worth mentioning: free agent DH Joc Pederson and Guardians first baseman Josh Naylor. Nicholson-Smith lists Pederson alongside Hernandez and Corbin Burnes among free agents the Jays have spoken to this winter, and he reports that the club is “believed to have shown some interest” in Naylor during their negotiations with Cleveland surrounding the Gimenez trade.
It’s the first time that Toronto has been directly connected to Pederson this winter, though it was just one year ago that the club was reported to have “strong interest” in the slugger before he ultimately signed with the Diamondbacks later in the winter. The soon to be 33-year-old put up a strong season in Arizona in 2024, slashing .275/.393/.515 with a 151 wRC+ in 449 trips to the plate. While Pederson’s massive platoon splits make him a somewhat lackluster option against opposing southpaws, the club’s deep group of young right-handed hitters like Leo Jimenez and Davis Schneider could be a natural fit to step into the lineup for him against tough lefties.
Naylor, meanwhile, is more of a true everyday player who sports a less significant platoon split and more defensive value but a less potent bat overall. The 27-year-old has some experience in the outfield corners but has primarily been a first baseman for the Guardians in recent year. 2024 saw Naylor slash a solid .243/.320/.456 (118 wRC+) that was mostly in line with previous years, as he’s a 121 wRC+ hitter overall since becoming a full-time player in 2022. It’s unclear if the Jays have interest in Naylor even after completing the Gimenez deal, but he certainly makes sense as a trade candidate for the Guardians given the $12MM salary MLBTR contributor Matt Swartz projected for the slugger in his final trip through arbitration before he reaches free agency next winter. Cleveland has well-regarded youngster Kyle Manzardo available to step in as the regular first baseman should Naylor be dealt at some point this winter.
As for pitching, Nicholson-Smith suggests that while landing Burnes in free agency “doesn’t seem especially likely,” the club pursuing an impact starter can’t be ruled out with left-hander Sean Manaea‘s name floated as one possible option. It’s unclear if the club is interested in Manaea specifically, but a pitcher of that caliber could solidify the club’s rotation alongside Kevin Gausman, Jose Berrios, and Chris Bassitt while pushing Rodriguez to the bullpen after he posted a lackluster 90 ERA+ in 21 starts last year. Attractive as that may seem to Blue Jays fans, Nicholson-Smith cautions that it’s unclear whether the Jays would have the stomach to make an impact addition both to the rotation and the lineup this winter.
RosterResource puts the club’s luxury tax number at just over $228MM, meaning they have around $12MM remaining in the budget before they surpass the first luxury tax threshold. Even on impact addition seems certain to carry them past that mark, but a second one would run the risk of pushing them into the uncharted territory of surpassing the second threshold, which sits at $261MM in 2025. Given that, Nicholson-Smith suggests the club may have to choose between targeting an impact slugger and an impact starter before making a lower-level addition to address the other need. Jesse Winker and J.D. Martinez are among the veteran sluggers who may be available for relatively cheap in free agency, while back-end starting options who wouldn’t break the bank include players like Michael Lorenzen and Colin Rea.
The Opener: Eovaldi, Cubs, SP Market
With the Winter Meetings now behind us, here are three things we’ll be keeping an eye on around the baseball world headed into the weekend:
1. Eovaldi presser:
The Rangers officially re-signed right-hander Nathan Eovaldi yesterday on a three-year deal worth $75MM. Today, both Eovaldi and Texas president of baseball operations Chris Young will be available to the media at a press conference that’s scheduled for 11am CT. Even after landing Eovaldi (and trading for infielder Jake Burger), Young has his work cut out for him this winter as he tries to facilitate a rebound from an 84-loss 2024 campaign while also ducking under the first luxury tax threshold of $241MM. At the very least, a bullpen that lost Jose Leclerc, David Robertson, and Kirby Yates to free agency last month will need to be addressed. Besides that, there’s been some indications the club could look to add a left-handed slugger like Joc Pederson.
2. Cubs in the thick of trade talks?
The Cubs find themselves in an interesting position on the trade market, operating as both buyers and sellers. That’s hardly an unusual reality in an offseason where few teams are explicitly rebuilding, but what makes Chicago’s situation notable is that both sides of those trade talks seemingly revolve around one position: right field. Ian Happ is entrenched as the club’s everyday left fielder, while dynamic rookie Pete Crow-Armstrong has staked his claim as the club’s center fielder of the future. That leaves Cody Bellinger and Seiya Suzuki vying for playing time in right. Down the stretch last year, Chicago utilized Bellinger’s superior glove and put Suzuki at DH, but the club has spent the winter aggressively shopping Bellinger and his $27.5MM salary.
Dealing Bellinger has long made sense for the Cubs if they can manage it. Suzuki has expressed a preference for playing the outfield as opposed to serving as a full-time DH, and the Cubs have a number of up-and-coming prospects like Matt Shaw, Owen Caissie, and Kevin Alcantara for whom a trade of Bellinger could open up playing time. All those reasons for entertaining a Bellinger trade have only served to make recent reports that Chicago is among the more aggressive suitors for Astros right fielder Kyle Tucker more surprising. Tucker would immediately become the most talented hitter in the Cubs lineup but comes with only one year of team control. The situation becomes even trickier to navigate for the Cubs when one considers that the Yankees are simultaneously the team most connected to Bellinger and a candidate to land Tucker themselves. Could the weekend bring movement on either front?
3. Will the hot SP market spur trades?
It’s no secret that the market for starting pitching has been extremely robust. Every one of the nine pitchers featured on MLBTR’s annual Top 50 MLB Free Agents list has signed for more money than predicted, although some such as Blake Snell and Yusei Kikuchi did so only nominally. In any case, that strong demand for pitching led a great many clubs to become involved in the bidding for now-former White Sox lefty Garrett Crochet, who was dealt to the Red Sox as the Winter Meetings came to a close.
Could that hot market for pitching change the plans of teams with starters they could dangle? The Mariners have long indicated that they have no interest in dealing from their rotation this winter but have received an increasing volume of calls about veteran righty Luis Castillo. Meanwhile, the Padres are at least entertaining the possibility of trading Dylan Cease. Even the Pirates have seemingly expressed willingness to consider offers on their talented young arsenal of pitchers (though Paul Skenes is obviously off limits). Will any of those teams deal from their rotation? Will other teams join them in considering deals from their own rotations?
Rangers Re-Sign Nathan Eovaldi
Nathan Eovaldi is headed back to Texas. The Rangers finalized the right-hander’s three-year free agent deal on Thursday evening. It’s reportedly a $75MM guarantee for the ACES client.
The deal includes a $12MM signing bonus that’ll be paid in $6MM in installments after the 2026 and ’27 seasons. Eovaldi’s salaries for the next three years will be $18MM, $25MM and $20MM, respectively. The backloaded contract affords Texas some short-term payroll flexibility. Eovaldi also gets a full no-trade clause.
It’s a somewhat shocking contract for the right-hander in a hot pitching market that has exceeded expectations across the board. Eovaldi is the latest pitcher to beat early offseason projections, and his guarantee significant outpaces the two-year, $44MM pact that MLBTR predicted for the righty as part of our annual Top 50 MLB Free Agents list. The fact that the Rangers went to a third year in order to land Eovaldi is particularly noteworthy, as it’s just the third time since 2010 that a pitcher entering his age-35 season or later has landed a guarantee longer than two years according to MLBTR’s Contract Tracker. Rich Hill‘s three-year pact with the Dodgers is nearly a decade old at this point, and good a pitcher as Eovaldi is, he’s not a Hall of Fame-caliber talent like Max Scherzer and Jacob deGrom before him.
On the other hand, it’s worth pointing out that deGrom’s aforementioned contract was signed just two winters ago by the same Rangers club that has now brought Eovaldi back into the fold. That could suggest that Chris Young‘s front office is simply more willing to roll the dice on aging pitchers they believe in compared to other organizations. If that’s the case, it’s certainly understandable that they’d choose Eovaldi to place that bet on. In his first two years with the club, the veteran right-hander provided much-needed stability to the club’s rotation with a 3.72 ERA (110 ERA+) and 3.86 FIP in 54 starts.
While those numbers may not immediately jump of the page, Eovaldi’s underlying metrics suggest he’s still among the better front-of-the-rotation options available this winter even as he starts to age. His 95.6mph average fastball velocity is still strong, and he’s still limiting walks (7.0% with the Rangers) and generating grounders (49.5% groundball rate) at a high clip. Those strong peripherals come in addition to his phenomenal resume in key moments. Eovaldi offered the Rangers a dominant six-start performance in the postseason as he helped lead the Rangers to the first World Series championship in franchise history back in 2023, when he pitched to a 2.95 ERA and struck out 26.8% of opponents in 36 2/3 innings of work to add to an impressive postseason resume from his years with the Red Sox.
It’s that stability the Rangers hope Eovaldi will continue to bring to the front of their rotation going forward. The club has a number of interesting options, ranging from the elite but oft-injured deGrom to exciting but unproven youngsters like Kumar Rocker and Jack Leiter. With Eovaldi and Andrew Heaney both ticketed for free agency this winter, however, the Rangers were left with zero pitchers who made even 20 starts for the club in 2024. That made adding a stable source of innings a priority for the club, and they’ve now done so by bringing Eovaldi back into the fold where he’ll head a rotation that also figures to feature some combination of deGrom, Rocker, Leiter, Jon Gray, Tyler Mahle, Cody Bradford, and Dane Dunning. It’s possible they’ll continue to add to that rotation mix, as Bob Nightengale of USA Today reported in the aftermath of Eovaldi’s decision that the Rangers hope to add another starter in addition to bullpen help this winter.
Those pursuits could come amid a bit of a budget crunch for the club. Reporting early this offseason suggested that the club could look to duck under the luxury tax threshold this winter. With Eovaldi back in the fold, RosterResource projects the club for a payroll just north of $219MM for tax purposes in 2025. That leaves the club with around $21MM in breathing room before they go over the first threshold, which is set at $241MM. Adding multiple relievers and another starter in free agency could be a tall order with that limited budget room unless the club is willing to deal salary elsewhere, though the trade market could also represent a way to add pitching talent at a lower financial cost.
Turning to the pitching market as a whole, the majority of top free agent starters are off the market at this point. Right-handers Corbin Burnes and Jack Flaherty are still available in terms of potential front-of-the-rotation arms, while mid-rotation pieces Sean Manaea and Nick Pivetta also remain available. Of that quartet, only Flaherty isn’t encumbered by a Qualifying Offer that would force acquiring clubs to forfeit draft capital and international bonus pool money in order to sign him. For clubs looking to avoid signing another club’s qualified free agent such as the Orioles, whiffing on Flaherty (and, in the case of Baltimore specifically, Burnes) would leave them forced to resort to back-end veterans such as Heaney and Jose Quintana or reclamation projects such as Walker Buehler in order to add starting pitching talent.
Robert Murray of FanSided first reported the Rangers were re-signing Eovaldi. Jeff Passan of ESPN was first with the three-year, $75MM terms. Evan Grant of the Dallas Morning News reported that it was a backloaded arrangement with an $18MM salary in year one. Jon Heyman of the New York Post had the specific salary breakdown and the no-trade clause.
The Opener: Bregman, Soto, Adames
With the Winter Meetings behind us, here are three things we’ll be keeping an eye on around the baseball world today:
1. All eyes on Bregman?
After a frenzy of rumors and action at the Winter Meetings, MLB’s hot stove season will continue chugging along even with agents and executives having departed Dallas yesterday. According to MLB.com’s Mark Feinsand, infielder Alex Bregman could be the next major domino to fall on the free agent market. Feinsand notes that the Astros, Red Sox, Yankees, and Tigers are among the teams “in the mix” for Bregman’s services. Among those options, the Astros are known to have made an offer to Bregman in the vicinity of six years and $156MM prior to the Winter Meetings, though at the time reports indicated Bregman was hoping to land a contract north of $200MM. Meanwhile, Bregman is an apparently divisive target in the eyes of Boston brass as Alex Cora and Sam Kennedy are reportedly more intrigued than chief baseball officer Craig Breslow at the idea of pursuing Bregman. The Red Sox reportedly envision Bregman at second base if signed, a position he has expressed willingness to play despite a lack of experience at the position in the majors.
2. Soto presser:
After the Mets officially signed Juan Soto to the biggest contract in professional sports history yesterday, Brian McGrath of MLB.com writes that the club is expected to formally introduce Soto in a press conference slated for 3pm ET this afternoon that will also feature club owner Steve Cohen and president of baseball operations David Stearns. The press conference could shed some additional light on a free agent process that captivated the baseball world in the weeks leading up to the Winter Meetings as well as the next steps Mets brass have planned. The club will likely add at least one more starter to their rotation, and Stearns recently stated that they’d “love” to reunite with first baseman Pete Alonso as well.
3. Adames presser:
While the Soto presser may get more buzz, he’s not the only top free agent being introduced by his new team via press conference today. As noted by MLB.com, the Giants are poised to introduce shortstop Willy Adames in a press conference scheduled for 11:30am PT. Newly-minted president of baseball operations Buster Posey will surely be on hand to discuss the first major free agent signing of his tenure and possibly to discuss the club’s next steps. The Giants are regarded as a top candidate to land top free agent starter Corbin Burnes, although they face competition from the Blue Jays, Red Sox, and incumbent Orioles. Beyond that, the club was among the teams said to be interested in Astros outfielder Kyle Tucker yesterday. That suggests a willingness to pursue star-caliber talent in both trade and free agency as they look for more ways to improve the club this winter after a disappointing 80-82 finish in 2024.
Reds Interested In James McCann
The Reds have interest in veteran catcher James McCann, per a report from MLB.com’s Mark Sheldon. McCann has also received interest from the Orioles and Red Sox, though Baltimore’s recent deal with Gary Sanchez seemingly closes the door on a reunion.
McCann, 34, was a starting-caliber catcher with the Tigers and White Sox earlier in his career but has settled into a backup role in recent years with the Mets and Orioles. Since the start of the 2022 season, McCann has appeared in 195 combined games with 650 plate appearances total while slashing .218/.269/.353, which was good for a 75 wRC+ during that time. While McCann posted solid defensive numbers in terms of both framing and throwing out runners earlier in his career, his defense has taken a step back since then. During his time in Baltimore, Statcast rated McCann as a below-average defensive catcher overall, with average marks (0 CS Above Average) for throwing out runners but lackluster marks in terms of blocking (-12 Blocks Above Average) and pitch framing (-5 Framing Runs).
While McCann isn’t an impact player on either side of the ball at this stage of his career, he’d certainly be an upgrade over Cincinnati’s internal options for a back-up catcher, which include non-roster invitee Alex Jackson and Triple-A youngster Eric Yang. Jackson hit just .122/.201/.237 in 58 games with the Rays last year, while Yang has exactly one plate appearance in the big leagues after making his debut in 2024 and posted an 85 wRC+ at Triple-A this past season. McCann’s veteran stability could raise the floor at the catcher position behind starter Tyler Stephenson while providing leadership off the bench for an extremely young Cincinnati offense.
Previous reporting this winter suggested that McCann could look to land a multi-year guarantee this winter. While it’s unclear if the Reds would have interest in making a longer-term commitment of that sort to McCann, it’s worth noting that the recent trends of the catching market suggest he may need to settle for a one-year offer anyway, as more well-regarded players like Sanchez and Jacob Stallings have settled on one-year arrangements so far this winter. The only two-year pact given to a free agent catcher to this point in the winter so far has been for Kyle Higashioka, who entered free agency on the heels of a career year that saw him swat 17 homers in just 263 plate appearances. If the Reds explore other options for a veteran back-up this winter, Elias Diaz and Yasmani Grandal are among the more interesting options still available.
Latest On Corbin Burnes
Right-hander Corbin Burnes entered the offseason as the consensus top rotation option available in free agency, but following last night’s reported agreement between the Yankees and Max Fried he now stands as the only ace-level pitcher available on the open market this winter. That should put Burnes in strong position to exceed MLBTR’s seven-year, $200MM prediction for the righty. While Boston reportedly put together a formal offer for Corbin Burnes yesterday, a separate report from Mark Feinsand of MLB.com characterized the Blue Jays and Giants as the “most aggressive” teams in their pursuit of Burnes and went on to suggest that the Red Sox “appear hesitant” to spend at the level necessary to land the righty.
Toronto, who Feinsand notes is considered the “favorite” to land Burnes, have been involved on a number of top free agents this winter and made their first major moves of the winter yesterday by agreeing to terms with right-hander Yimi Garcia and trading infielder Spencer Horwitz and outfield prospect Nick Mitchell to land infielder Andres Gimenez and righty Nick Sandlin from the Guardians. While those moves have helped to address the club’s bullpen after they non-tendered Jordan Romano last month and bolster their infield mix, one area of the roster that has not yet been addressed is the rotation.
The Jays dealt lefty Yusei Kikuchi away at the trade deadline, face Chris Bassitt departing in free agency next winter, and saw Kevin Gausman take a step back last year as he enters his mid-30s. Given those realities, it’s hardly a surprise that the club would hope to add a top-of-the-rotation arm to its mix. For a club that’s been involved in top free agents ranging from Shohei Ohtani and Yoshinobu Yamamoto last winter to Juan Soto and Max Fried this year, it’s hardly a surprise that they’re being aggressive on Burnes with the other top-of-the-market players rapidly coming off the board.
As for the Giants, the club has a clear hole at the front of their rotation after southpaw Blake Snell departed for their archrival Dodgers in free agency last month. Much like the Blue Jays, San Francisco has been deeply involved in the upper levels of free agency in the past several years. While most of that occurred under former president of baseball operations Farhan Zaidi, Buster Posey kicked his tenure as head decision-maker for the Giants off with a bang over the weekend when he signed shortstop Willy Adames to a seven-year deal. While supplementing their young core with a top-flight starter alongside their twin investments in Adames and Matt Chapman would make plenty of sense, rumors percolated last month that the club could look to scale back payroll this winter, and it’s difficult to imagine them being able to achieve that goal while also bringing Burnes into the fold. Given that reality, it’s perhaps no surprise that sources told Feinsand they were “skeptical” of San Francisco’s odds of outbidding Toronto if the Jays are determined in their pursuit of Burnes.
Perhaps the most interesting piece of Feinsand’s report, however, is the apparent pessimism regarding the Red Sox as a suitor for Burnes. Boston brass haven’t been shy about their plans to be aggressive this winter, particular in pursuit of front-of-the-rotation arms. With Fried and Snell now off the market, Burnes is the last clearly ace-level pitcher available in free agency this winter. Feinsand suggests that the Red Sox could pursue a reunion with right-hander Nick Pivetta in free agency if they miss out on Burnes, though Pivetta’s 4.29 ERA in parts of five seasons with the Red Sox is hardly a front-of-the-rotation level resume.
Other possible solutions Feinsand discussed are right-hander Walker Buehler, whom the Red Sox were previously reported to have interest in, as well as trade market options like White Sox southpaw Garrett Crochet. The trade market also seems to be a potential fallback plan for the incumbent Orioles if they miss out on reuniting with Burnes. A report from MLB Network’s Jon Morosi earlier today described Baltimore’s hopes of re-signing the star righty as fading and noted that the Orioles have interest in Padres right-hander Dylan Cease in the event that Burnes ultimately lands elsewhere. Cease is not currently seen as likely to move, but the Padres are reportedly exploring his market with the Red Sox also known to be among his potential suitors. Turning back to Boston, Pete Abraham of the Boston Globe reported that the Red Sox “seem confident” about their ability to land a top pitcher this winter, although that could mean trading for a player like Crochet or Cease rather than signing Burnes.