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The Opener: Rotation Market, Relief Market, Mets

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With one free agent move already in the books this morning, here are three more things we’ll be keeping an eye on around the baseball world:

1. Will the rotation market heat up?

After weeks of a relatively frozen rotation market, things finally started to pick up this weekend when the Cardinals signed Dustin May to a one-year deal while the Diamondbacks reunited with Kelly on a pact worth $40MM over two years. The top of the market is still largely untouched (aside from Dylan Cease), leaving plenty of viable options for interested teams like Framber Valdez, Tatsuya Imai, and Ranger Suarez. The middle tier of this year’s market could be moving more quickly, by contrast, with Kelly having now signed and plenty of buzz surrounding other mid-market players like Zac Gallen and Michael King. Who could be the next domino to fall?

2. Relief market dwindling fast:

The market for relief pitching has been by far the fastest moving of the winter so far, and that didn’t change this weekend. Kenley Jansen and Tyler Rogers both came off the board as the former inked a one-year pact with the Tigers while the latter landed with Toronto on a three-year deal. Precious few high-end relief arms remain available at this point, with Brad Keller and Pete Fairbanks standing out as the best of the rest. There are still some very interesting candidates who could be had on one-year deals due to age. That’s a group that includes right-hander Chris Martin, who reportedly plans to pitch in 2026 in his age-40 season.

3. Mets fill first base in unorthodox fashion; what’s next?

Mets fans are still reeling from the loss of Pete Alonso to the Orioles at this year’s Winter Meetings, but president of baseball operations David Stearns wasted no time in getting a deal done with another veteran bat who’ll effectively take his spot in the lineup. Switch-hitter Jorge Polanco inked a two-year deal to come to Queens over the weekend, and despite spending most of his big league career as a second baseman, he’ll reportedly be used primarily at first base and DH with the Mets. Polanco’s a quality addition to the lineup, to be sure, but he lacks the power potential that Alonso brought to the table on such a consistent basis. Will the Mets look to supplement that lost power with a big bat in the outfield or at third base? Is there a big move in store on the pitching side of things?

Tyler Glasnow Does Not Expect To Be Traded

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Dodgers right-hander Tyler Glasnow’s name reportedly “came up” in trade talks with other teams in recent days, but Glasnow made an appearance on MLB Network Radio’s Sunday Sliders program with Dani Wexelman of SiriusXM and made clear that he does not expect to be traded. Per Wexelman, Glasnow went on to note that president of baseball operations Andrew Friedman had spoken to him directly and told him that he isn’t being traded.

That more or less puts to bed trade speculation regarding Glasnow this offseason. A California native, Glasnow was dealt from the Dodgers to the Rays two seasons ago and promptly signed an extension with his new team that runs through the 2028 season. Glasnow is owed $30MM annually for each of the next two seasons, and in 2028 the Dodgers hold a $30MM club option on his services that converts into a $21,562,500 player option if declined. For a player headed into his age-32 campaign who has delivered a 3.37 ERA, 3.24 FIP, and a 30.9% strikeout rate across 40 starts as a Dodger (not to mention a 1.69 ERA and 2.95 FIP in six playoff outings), that contract is something of a bargain.

Given the relatively short-term commitment to Glasnow, the Dodgers’ surplus of elite pitching talent, and a market for free agent arms that some teams seem less than enthused to spend in, it’s easy to see why some clubs may have asked after Glasnow in trade talks. At the same time, however, the Dodgers’ deep group of rotation options comes with an equally lengthy injury history. The quantity of arms Los Angeles has in its stable is more important for them than the average team given the number of oft-injured players the team has in the fold. Considering that reality, it’s not exactly a surprise that the Dodgers seem to have no intention of trading Glasnow this winter.

Glasnow isn’t the only Dodgers player whose name has entered the rumor mill this winter. Outfielder Teoscar Hernandez similarly had his floated in trade conversations, and while Dodgers brass suggested that a deal involving Hernandez was unlikely that hasn’t stopped the Royals from expressing interest in him. Of course, that interest was before yesterday’s trade with the Brewers that sent Angel Zerpa to Milwaukee while bringing outfielder Isaac Collins and right-hander Nick Mears back to Kansas City. With Collins and Lane Thomas in the fold, it’s possible that the Royals are done with external additions on the grass and will rely on players like Kyle Isbel and Jac Caglianone to fill out the rest of the outfield mix.

While deals involving Glasnow and Hernandez don’t seem likely at this point, the fact that multiple veteran pieces of the Dodgers’ roster have come up in trade talks could suggest an openness to creativity on the part of the World Series champs this offseason. Friedman previously suggested that the club’s aging core of talent and finding ways to get younger players opportunities to contribute is something that the club has begun weighing this winter, and it’s not hard to see how a deal involving a veteran or two could allow MLB’s oldest team to get younger and clear the deck for the next wave of young talent in L.A.’s lauded farm system.

Latest On Michael King’s Free Agency

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1:35pm: The Boston Globe’s initial report has been clarified to note that, while the Red Sox, Yankees, and Orioles are among the teams King is considering, there are no finalists for his services at this point.

1:11pm: Right-hander Michael King has narrowed his search for a new team to three options, according to a report from Peter Abraham of the Boston Globe. Those teams are the Red Sox, Yankees, and Orioles. Additionally, Chris Cotillo of MassLive reports that the Rhode Island native and Boston College alum has “strong interest” in playing for Boston. Abraham notes that King would like to make a decision on his destination soon.

King, 30 has been among the league’s most widely sought-after starters this winter. He’s been connected to the Mets, Cubs, Tigers, Marlins, Angels, and Blue Jays in addition to the three apparent finalists for his services, and it’s not hard to see why the right-hander would garner such widespread interest. The 30-year-old flashed significant upside during his 2024 season with the Padres, when he pitched to a 2.95 ERA in 173 2/3 innings of work with a 3.33 FIP and a 27.7% strikeout rate. That was a strong enough performance to earn him a seventh-place finish in NL Cy Young award voting that year, which was his first as a full-time starter.

The right-hander seemingly appeared to be lined up for a massive payday heading into his platform season of 2025, but injuries complicated things this past year. King was limited to just 15 starts by a nerve issue in his shoulder (as well as a less significant knee injury late in the year), and while he dominated to the tune of a 2.59 ERA, 3.26 FIP, and a 28.4% strikeout rate in ten appearances prior to the shoulder injury, he didn’t look quite the same after returning with a 6.11 ERA and a 14.5% strikeout rate a 10.8% walk rate across his final five appearances in the regular season.

King moved to the bullpen for San Diego’s Wild Card series against the Cubs and looked more like himself as he struck out the side on 19 pitches in a scoreless inning of work, but headed into the offseason his second half struggles and significant injury woes left cause for concern as he entered free agency. He received a qualifying offer from the Padres, a positive sign that the club didn’t see King’s injuries as too concerning for the 2026 campaign, and declined it in order to pursue a multi-year pact in free agency.

Looking at the three teams still in the running for King’s services, the Orioles stand out as the team with the biggest need in their rotation. The club is coming off a deeply disappointing 2025 campaign where their decision to eschew high-end arms in free agency came back to bite them, as rolls of the dice on Charlie Morton and Tomoyuki Sugano failed to bear fruit while Zach Eflin took a big step back from his previous work with the Rays. While Kyle Bradish and Trevor Rogers could plausibly form an exciting front-of-the-rotation duo for the Orioles next year, adding at least one proven, playoff-caliber starter to the mix has been the team’s clear priority this winter.

King would certainly fit that mold if healthy, and likely could do so without breaking the bank and requiring Baltimore to commit to a second nine-figure contract this winter after they signed Pete Alonso last week. MLBTR predicted King to land a four-year, $80MM contract as the #14 ranked free agent in this offseason. Of course, with top-of-the-rotation upside and an expected contract price tag and length that falls below that of your typical front-end starter, there’s plenty of room for a more opportunistic team to get involved.

That’s likely where the Red Sox come in, given that Boston is incredibly deep in pitching talent as it is. Garrett Crochet leads a rotation that figures to also include Sonny Gray and Brayan Bello at the front end, with players like Johan Oviedo, Patrick Sandoval, and Connelly Early in the mix for the final spots as things stand. Kutter Crawford, Payton Tolle, Kyle Harrison, and Hunter Dobbins are among the pitchers who figure to serve as depth for the Red Sox this year, an embarrassment of riches that make adding a starter in free agency more of a luxury than a necessity.

Even so, landing King on a deal that the Red Sox perceive as good value would still make sense, as it could free them up to more fully explore trades involving some of their young pitching talent. Boston has already been connected to Ketel Marte, Willson Contreras, and Isaac Paredes on the free agent market as they search for help on offense this winter, and perhaps signing King and trading from their pitching depth to land one of those big names could be more attractive as an option than taking a swing on one of the big bats still available in free agency.

As for the Yankees, a reunion with the team King spent the first five years of his MLB career with splits the difference between the extremes Baltimore and Boston represent. New York isn’t in desperate need of a front-of-the-rotation ace with Max Fried already in place and Gerrit Cole expected back from Tommy John surgery at some point next year, but their rotation could certainly use additional depth. Cole and Carlos Rodon are both not expected to be ready for the start of the 2026 campaign, while Clarke Schmidt figures to miss most if not all of next year.

That leaves the Yankees with an Opening Day rotation of Fried, Cam Schlittler, Luis Gil, Will Warren, and Allan Winans. Given Winans’s lack of MLB experience and Gil’s significant injury history, there’s certainly room for another quality starter in the Yankees’ rotation mix even if they don’t necessarily need one with the same level of upside that King offers. Even so, King was a popular player during his time with the Bronx and well-liked within the organization. Between the potential value to be had on King’s contract and his past connection to the club, it’s hardly a surprise that New York would get involved in his market as they survey the offseason landscape for rotation help.

Orioles Outright Ryan Noda

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The Orioles announced earlier this week that first baseman Ryan Noda has cleared outright waivers. Noda was designated for assignment by the Orioles last week.

Noda, 30 in March, was plucked from the Dodgers’ system by the Athletics in the 2022 Rule 5 draft. His rookie campaign in 2023 was a strong one, as he slashed .229/.364/.406 (122 wRC+) with a 15.6% walk rate and 39 extra-base hits in 128 games. With that being said, a 34.3% strikeout rate did not exactly bode well for Noda’s long-term ability to stick in the majors, especially given his relative lack of power. While his production was far above league average, it’s worth remembering that he required a massive .347 BABIP to garner those results.

All of those red flags have proved to be accurate in the years since. Noda had appeared in just 59 MLB games over the past two seasons with the A’s, Orioles, and White Sox. In that time, he’s hit a paltry .127/.262/.197. While his 14.7% walk rate in those games remains excellent, his 36.5% strikeout rate borders on completely unplayable and crosses over that line thanks to the complete lack of power Noda has offered. While Noda’s .205 BABIP in that time would surely tick up if given a full season of playing time, he’s unlikely to reach those unsustainable peaks he flashed in 2023 any time soon. His barrel rate dropped from 13.0% in his rookie season to just 6.1% the past two years, and his Hard-Hit rate also dropped more than ten points.

Overall, it’s a profile that’s become difficult to see succeeding in the majors. That’s becoming increasingly apparent as Noda has even struggled to hit at the Triple-A level in recent years, with a .188/.409/.361 slash line in 74 games between the Orioles, White Sox, Red Sox, and Angels organizations. Given his fall from grace even at the Triple-A level, it’s not necessarily a shock that Noda cleared waivers. Even so, his knack for drawing walks could make him a potentially valuable depth piece for the Orioles headed into next season. If the journeyman can manage to make a little more contact or get a little more power out of his swing, that disciplined approach at the plate provides a floor that could be built upon in a big way, as 2023 showed.

Now that he’s been outrighted to Triple-A Norfolk, he’ll spend the 2026 season with the Orioles as a non-roster depth piece. After signing Pete Alonso last week to join players like Coby Mayo, Ryan Mountcastle, and even Samuel Basallo in the first base mix, Noda’s path to playing time at the big league level seems slim. With that said, injuries are always a risk, and it’s entirely possible one or both of Mayo and Mountcastle find themselves playing elsewhere by Opening Day in order to mroe fully clear the deck for Alonso’s arrival.

Mariners, Giants “Front-Runners” For Brendan Donovan

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The Mariners and Giants have emerged as front-runners in the sweepstakes for super-utility man Brendan Donovan, according to a report from Katie Woo of The Athletic. Woo added that both clubs are also engaged with the Diamondbacks on Ketel Marte.

Both Seattle and San Francisco have previously been reported to have interest in Donovan’s services, which Woo notes the Cardinals are seeking multiple top prospects in exchange for. With that being said, they were often mentioned as just two of many teams interested in the versatile infielder; Donovan’s market has been said to encompass more than half the league, with the Pirates, Royals, Guardians, and Astros standing among the other teams that have been connected to him this winter.

That makes the Mariners’ and Giants’ “front-runner” status a notable shift in the status quo, and Woo goes as far as to mention specific prospect names being discussed with both clubs. In talks with Seattle, Woo reports that the Cardinals have discussed top pitching prospect Jurrangelo Cijntje and outfielder Lazaro Montes. The pair are Seattle’s #7 and #3 prospects, respectively, according to MLB Pipeline. In talks with the Giants, Woo writes that the names of infielder Gavin Kilen and southpaw Carson Whisenhunt have come up. Kilen is San Francisco’s #2 prospect per Pipeline, while Whisenhunt ranks #7.

Cijntje has garnered some buzz around the baseball industry due to his status as a switch pitcher who throws from both the right and left sides. He’s a more well-regarded pitcher from the right-hand side, touching the upper 90s with his right arm but being relegated to the low 90s with his left. In his pro debut in 2025, Cijntje pitched to a 3.99 ERA overall across the High-A and Double-A levels but actually got better after his promotion. In seven starts at Double-A, Cijntje turned in a 2.67 ERA across 33 2/3 innings of work with a 25.5% strikeout rate and an 11.0% walk rate.

Montes entered the 2025 season as a consensus top-100 prospect in the sport but scuffled a bit after being promoted to the Double-A level. He hit a solid but unspectacular .213/.319/.433 in 64 games at the level with a 30.5% strikeout rate. That’s hardly exciting production, but some of those struggles can be forgiven considering he was one of just four hitters under the age of 21 to reach 200 plate appearances in the Texas League last year, joined by Sebastian Walcott, Walker Jenkins, and teammate Michael Arroyo.

Kilen was San Francisco’s first-round pick in the 2025 draft. As a result, he has just ten professional games under his belt where he hit a lackluster .205/.279/.282. With that said, the University of Tennessee product hit an incredible .357/.441/.671 in his final collegiate season and was roundly viewed as a plus contact hitter despite questions about his power potential and ability to handle shortstop at the big league level.

As for Whisenhunt, the 25-year-old already made his big league debut earlier this year with a 5.01 ERA across five starts. While it was hardly an exciting pro debut, Whisenhunt did manage to post a 4.41 ERA in 21 starts in Triple-A’s Pacific Coast League despite the extremely unfriendly environment for pitchers at that level. He profiles as a possible mid-rotation arm with a profile carried by a plus-plus changeup.

Of course, it’s possible that these are only a handful of prospects St. Louis is discussing with the two suitors. It should also be noted that Donovan is far from the only avenue either club is pursuing for their vacancy at second base. The Mariners had been in rather public pursuit of a reunion with Jorge Polanco until he signed with the Mets yesterday, but they’ve still be connected to Marte in addition to Donovan. Woo suggests that Polanco’s departure could leave the Mariners more motivated to make a deal in the coming days, and perhaps that could indicate that Seattle is the more aggressive suitor of the two.

Woo describes the Giants, by contrast, as “exploring all options” as they look to upgrade over Casey Schmitt and Tyler Fitzgerald at second base. In addition to Marte, Brandon Lowe is also known to be available on the trade market while teams have also inquired after Cubs infielder Nico Hoerner. The infield market in free agency is tilted more towards the left side, but Alex Bregman has expressed a willingness to play second base in the past, shortstop Ha-Seong Kim has experience at the position, and Bo Bichette has long been viewed as a potential candidate to move off shortstop at some point. San Francisco hasn’t been directly tied to any of those players, of course, but all stand out as at least plausible acquisitions to be made by a team searching for second base help.

Poll: Would You Rather Have Kyle Schwarber Or Pete Alonso?

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This year’s Winter Meetings were highlighted by two of the game’s premier sluggers signing two of the offseason’s biggest contracts so far: Kyle Schwarber re-upped with the Phillies for five years and $150MM, while Pete Alonso signed on with the Orioles for five years and $155MM. With such remarkably similar contracts and roles to play in the lineup, it’s fair to wonder which player would be better to roster in a vacuum.

Schwarber’s case is obvious, given that he’s coming off a career year where he bashed 56 home runs and finished second in NL MVP voting. Schwarber turned in a brilliant .240/.365/.563 (152 wRC+) slash line for the Phillies this year while playing in all 162 games. In addition to his massive home run total, the slugger added 23 doubles, 2 triples, and even managed to chip in ten stolen bases. That was good enough for 4.9 fWAR and 4.7 bWAR, an incredibly impressive total for a DH who fielded just 66 innings this year.

Alonso’s offensive numbers, while certainly strong, weren’t quite as impressive. The slugger hit .272/.347/.524 with a wRC+ of 141 while also playing 162 games for the Mets. While he hit “just” 38 home runs to Schwarber’s 56, he did manage to swat 41 doubles as well. His contributions on the bases were minimal, but he did play the field in 160 of his 162 games as the Mets’ everyday first baseman. Alonso’s 3.6 fWAR and 3.4 bWAR don’t quite measure up to Schwarber’s gaudy total, but his ability to play a defensive position on a regular basis did free up the DH slot in the lineup to allow the Mets the opportunity to rest their regulars and roster valuable pieces with defensive limitations like Starling Marte.

Digging in a little deeper, the comparison gets even more interesting. Advanced metrics indicate an even smaller gap between Schwarber and Alonso in terms of offense than the raw production does, as Schwarber’s .402 xwOBA eclipses Alonso’s .385 by just 17 points. On the other hand, Alonso benefited from a career-high .305 BABIP in 2025, while Schwarber’s own .253 figure was actually below his career norms. Schwarber’s time in Philadelphia has seen him produce a 133 wRC+ that’s almost a perfect match for Alonso’s own 131 wRC+ over the past four years, and while Alonso is two years younger than Schwarber, he also lacks some of the elite power projection that Schwarber offers. Schwarber’s incredible 54.2% hard-hit rate over the past five years trails only Aaron Judge and Shohei Ohtani, while Alonso’s 46.7% figure falls more in line with players a cut below that tier like Ryan McMahon and Max Muncy.

A look at how both players performed in the market would suggest that teams certainly value them similarly. The pair got the same number of years. Alonso signed for an additional $5MM in terms of total guarantee but Schwarber appeared to have a more robust market in terms of total suitors. The Pirates, Reds, and Orioles themselves were all known to have made offers of $120MM or more to Schwarber, with plenty of other teams such as the Mets, Giants and Red Sox rumored to be interested as well. Alonso, by contrast, saw his known suitors mostly limited to the Mets, Red Sox, and perhaps the Cubs in addition to the Orioles. Perhaps more teams simply had an opening at DH than at first base, but it’s also fair to wonder if more teams simply saw Schwarber as a game-changing talent.

Even if that’s true, however, Alonso’s ability to field a position at a competent (if below average) level on a regular basis and his relative youth would certainly be strong arguments in his favor. Schwarber will play the final year of his contract at the age of 37 and few players project well that late into their careers. Perhaps Schwarber’s elite and unique power capacity could make him an exception in the same vein as other great slugging DH-only bats like David Ortiz and Nelson Cruz, but that’s a much bolder gamble to make than expecting Alonso to remain productive through his 35th birthday.

How do MLBTR readers value the two sluggers? If your team had openings at both first base and DH, which one would you rather have installed in your lineup for the next five seasons? Have your say in the poll below:

The Opener: Alonso, Signings, Relief Market

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Here are three things we’ll be keeping an eye on around the baseball world headed into the weekend:

1. Alonso’s introductory press conference:

The Orioles are holding an introductory press conference for newly-minted first baseman Pete Alonso today at 4pm local time in Baltimore. Orioles president of baseball operations Mike Elias, principal owner David Rubenstein, and agent Scott Boras will be on hand to give statements and take questions alongside Alonso. The presser should offer some insight into  Alonso’s free agency and departure from the Mets, as well as the Orioles’ future plans — both this offseason and in the longer term.

2. Signings to be made official:

With this year’s Winter Meetings now in the rearview mirror, there’s a number of reported signings that have yet to be made official. Agreements between outfielder Lane Thomas and the Royals, reliever Mark Leiter Jr. and the Athletics, left-hander Hoby Milner and the Cubs, lefty Steven Matz and the Rays, right-hander Michael Soroka and the D-backs, closer Kyle Finnegan and the Tigers, and southpaw Gregory Soto and the Pirates have yet to be finalized and formally announced. Most notably, the Dodgers have yet to announce their signing of Edwin Diaz.

Most of those teams have spots available on their 40-man roster, so making the signing official is little more than a formality. For the Diamondbacks, Rays, and Tigers, however, their full rosters mean a corresponding move will be necessary in order for each club to finalize their respective additions. That will likely come by designating a player for assignment, though it’s also possible that those clubs could look to work out a minor trade to clear 40-man space.

3. Top relief options dwindling:

Right-hander Robert Suarez came off the board yesterday when he signed in Atlanta, and in doing so he joined Diaz, Devin Williams, Raisel Iglesias, Ryan Helsley and Kyle Finnegan as established closers who have already found a home this winter. That leaves the pickings as relatively slim for clubs interested in adding to the back of their bullpen at this point. Right-hander Brad Keller, who emerged as an outstanding setup man and part-time closer for the Cubs this past year, longtime Rays closer Pete Fairbanks, veteran submariner Tyler Rogers, and former Yankees righty Luke Weaver are among the top remaining arms on the market. Who will be next to sign?

Forst: “We’ve Made Offers” In Extension Talks With Young Core

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It’s been a relatively quiet offseason for the A’s so far, today’s one-year deal with non-tendered right-hander Mark Leiter Jr. notwithstanding. While there hasn’t been much hot stove buzz about the team yet this winter, Martin Gallegos of MLB.com relayed comments from GM David Forst where he made clear that the club has opened extension talks with a number of the club’s players. “Without naming anyone, we’ve made offers,” Forst said. “We’re having conversations here. I’m hopeful we’ll make progress.”

While Forst declined to get into specific extension targets, Gallegos notes that AL Rookie of the Year Nick Kurtz and runner-up Jacob Wilson as well as catcher Shea Langeliers and slugger Tyler Soderstrom all make up the young core that the team is hoping to work out extensions with. That doesn’t necessarily mean that the A’s have made offers to all four of those players, or even plan to do so, but it does seem reasonable to expect that the team is having conversations with at least some of these names.

Trying to lock up young talent is a sensible approach for the A’s at this point. 2025 was a disappointing year for the A’s in some ways, as they finished with a meager 76-86 record. On the other hand, however, Wilson and especially Kurtz emerged as impact talents while the team played to an impressive 35-29 record after the All-Star break. That’s a nearly 89-win pace if maintained over a full season, which provides some hope that the team will be able to put together a stronger season in 2026 and get themselves into the playoff conversation despite a highly competitive AL West division.

Whether the club can break through to that next level and become true contenders or not, however, the A’s need to be building something. With a ballpark in Las Vegas under construction and an anticipated move-in date of the 2028 season, the team is clearly hoping to put itself in the best position possible to entice would-be fans into following the team once they arrive in their new home. Solidifying long-term deals with established players has been a big part of the team’s strategy so far, with contracts for Brent Rooker and Lawrence Butler already on the books.

All four of the players mentioned above are already under team control through the start of the A’s anticipated time in Las Vegas. Assuming the A’s do move into their new ballpark for the 2028 campaign, Langeliers would spend one season in Nevada before reaching free agency while Soderstrom would spend two. Both Wilson and Kurtz would spend three years there before reaching free agency during the 2030-31 offseason. With so many of the team’s core pieces set to come off the books within their first few seasons in Las Vegas, it might be easier to convince fans in Las Vegas to adopt the A’s as their new favorite team if at least one or two of those big names were to sign extensions that would reliably keep them in town for a half-decade or longer.

While signing these young players to extensions might sound like an obvious call to make on paper, it wouldn’t be a shock if those deals proved too costly. The A’s have typically been among the lowest-spending teams in MLB under John Fisher’s ownership and the biggest deal in franchise history is Luis Severino’s $67MM guarantee. While they started to spend more last winter with some suggestions of increasing payroll as they get closer to their move to Las Vegas, it’s anyone’s guess whether the club would actually offer what it would take to get some of these impact players locked up for the long term.

The last first baseman to sign an extension (according to MLBTR’s Contract Tracker) with between one and two years of service time was Anthony Rizzo back in 2013. With over a decade of inflation, Kurtz should easily clear that $40.5MM guarantee. The mega deals signed by players like Roman Anthony ($130MM), Jackson Merrill ($135MM), Corbin Carroll ($111MM), and Julio Rodriguez ($210MM) are in an entirely different stratosphere, as all of those players provide additional defensive value as outfielders capable of handling center. Yordan Alvarez’s $115MM deal is perhaps somewhat applicable. He wasn’t a first baseman but was a designated hitter/left fielder with big offensive potential. He was closer to free agency than Kurtz is now but still hadn’t qualified for arbitration.

The other three extension candidates surely would not be as expensive as Kurtz to extend, though a deal for Langeliers that rivals the $73MM extension Sean Murphy signed in Atlanta (not to mention Cal Raleigh’s nine-figure pact in Seattle) would still constitute unprecedented spending under Fisher. The $63.5MM extension shortstop Ezequiel Tovar signed with the Rockies could be a viable benchmark for a deal with Wilson that would fall more realistically in the A’s price range, though, and it’s fair to suggest that Soderstrom might be the most affordable of the quartet given his lack of a certain defensive position and less impactful track record on offense as compared to Kurtz. That should leave the A’s with some viable extension candidates even if the club isn’t willing to break new ground in terms of spending, though for a star-caliber player to extend with the team, they could be looking for assurances that the organization would continue to build around them once they arrive in Las Vegas in order to field a consistent competitor.

Nico Hoerner Drawing Trade Interest

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Cubs second baseman Nico Hoerner has come up in trade conversations, according to a report from Patrick Mooney and Sahadev Sharma of The Athletic. The report emphasizes that while president of baseball operations Jed Hoyer gauges the market value of virtually every player on the roster during the offseason, that shouldn’t be taken as an indication the Cubs intend to move Hoerner.

It’s easy to see why teams would be asking after the 28-year-old. Hoerner is coming off a career year where he won his second career Gold Glove for his defense at second base while slashing .297/.345/.394 (109 wRC+) with 40 extra-base hits and 29 steals in 156 games. He struck out at a career-best 7.6% clip while walking 6.0% of the time. Only Luis Arraez (3.1%) and Jacob Wilson (7.5%) struck out less often among qualified hitters, and that trio was joined by Steven Kwan and Caleb Durbin to make up the full list of batters to strike out less than 10% of the time in 2025.

That contact-oriented offense combined with arguably the best defense in the sport at second base, creates a consistent four-to-five win package according to Fangraphs. Over the past four seasons, Hoerner has posted a 105 wRC+. His 123 stolen bases are the fifth-highest total in the majors over that time, and his 17.5 fWAR ranks 18th, tied with Alex Bregman. That’s the sort of player that virtually any team with a hole at second base would like to add, and Hoerner’s $12MM salary for the 2026 campaign is entirely affordable as well for even smaller market clubs. While Hoerner has played second base in deference to Dansby Swanson during the latter’s years in Chicago, he served as the club’s everyday shortstop in 2022 with elite fielding metrics and could surely provide plus defense at the position again if needed.

Speculatively speaking, teams like the Braves, Yankees, and Red Sox would all surely love to bring Hoerner into the fold ahead of his final season before free agency, but it would be surprising to see the Cubs actually deal their star infielder. Hoerner was a key piece of the team that took the Cubs back to the playoffs for the first time in half a decade last year, and the club could be better off simply holding onto him with the hope of either working out an extension before free agency or making him a qualifying offer next winter. After all, the Cubs have no clear internal option to replace Hoerner at the keystone. Jefferson Rojas is the club’s top infield prospect, but the 20-year-old struggled badly in 39 games at Double-A last year and isn’t likely to be ready for the majors in 2026.

Perhaps dealing Hoerner could become a more serious consideration if the club’s rumored interest adding help at third base were to come to fruition. The Cubs have been connected to both Alex Bregman and Eugenio Suarez this winter, and signing one of them would displace Matt Shaw at third base. Shaw, of course, was worth just 1.5 fWAR with a 93 wRC+ last year. That’s hardly a player who needs to be in the lineup on an everyday basis, but Hoyer offered Shaw a vote of confidence earlier this week that would suggest he remains a key part of the club’s plans for 2026. If the Cubs were to add Bregman or Suarez at the hot corner, trading Hoerner and installing Shaw at second base might be the easiest way to keep Shaw in the lineup on a regular basis.

With that being said, Shaw could also simply back up the rest of the infield while splitting time at DH with Moises Ballesteros and Owen Caissie, serving as a right-handed complement to those big lefty bats. Even if an addition at third base happens, it certainly wouldn’t indicate that the Cubs would need to trade Hoerner. On the other hand, doing so could provide an alternative pathway to bringing in rotation help this winter if Chicago finds itself unable to lure in one of the top starters available in free agency. The Cubs have made no secret of their desire to bolster the club’s rotation this winter, and reuniting with Shota Imanaga after he accepted a qualifying offer won’t be enough.

The Opener: Mets, Orioles, Rotation Market

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Here are three things we’ll be keeping an eye on around the baseball world throughout the day today:

1. Mets turn the page on an era:

The departures of Edwin Diaz and Pete Alonso during the Winter Meetings, in conjunction with last month’s trade of Brandon Nimmo, mean that three of the Mets’ longest-tenured players will all play elsewhere in 2026. President of baseball operations David Stearns was already facing plenty of pressure this winter to improve the roster after a disappointing year where his club missed the postseason in Juan Soto’s first season on the roster. With Diaz and Alonso officially out of the organization, that pressure is rising even more.

How will the Mets respond to those losses? A pursuit of Munetaka Murakami or Kazuma Okamoto could make some sense to replace Alonso at first base, and Robert Suarez remains a logical replacement for Diaz (alongside Devin Williams) in the ninth inning next year. Those replacements won’t be enough by themselves, however. New York remains in desperate need of help in the outfield and continues to look for help at the front of their rotation. Bringing in a top free agent like Kyle Tucker in the outfield or Tatsuya Imai in the rotation would surely help fans in Queens get over the losses of franchise stalwarts like Alonso this winter.

2. What’s next for the Orioles?

On the other side of the coin, fans in Baltimore were jubilant as their club finally made the big splash they’ve been hoping to see for years. With Alonso now in the fold for the next five seasons, the Orioles seem unlikely to take their foot off the gas just yet. They remain involved in the market for high-end rotation pieces, and it wouldn’t be a shock to see them add someone like Framber Valdez to the front of their rotation in free agency alongside Alonso. Of course, the free agent market isn’t the only avenue for improvement available. The addition of Alonso displaces Coby Mayo and Ryan Mountcastle on the team’s depth chart, and Mayo in particular could be the sort of high-end trade chip who makes landing a top starter in trade like Edward Cabrera or MacKenzie Gore (both of whom Baltimore has been connected to this winter) all the more feasible. What’s the next move for president of baseball operations Mike Elias?

3. When will the dam break in the rotation market?

For all the activity in and around this year’s winter meetings, things have remained quiet on the rotation front this winter. The market for relievers has been bustling all winter, with only a handful of the top closing options still available. The market for position players has been slower, but hitters did start to come off the board after Kyle Schwarber re-upped in Philadelphia, with Alonso and Mike Yastrzemski both signing yesterday. Every top free agent starter remains on the market besides Dylan Cease, however, and the trade market has seen no movement outside of the Red Sox adding Sonny Gray and Johan Oviedo.

Will things get moving in the coming days? It’s certainly possible. This week’s meetings surely hosted a number of important conversations between buyers and sellers on the trade markets, giving teams like the Mets, Orioles, and Cubs a better idea of which starters could actually be attainable for them while allowing sellers like the Marlins and Nationals to see which teams might come closest to their asking prices. In free agency, meanwhile, some reporting has indicated that Imai will begin visiting teams now that the Winter Meetings have come to a close with an eye towards signing before the holidays. Given that Imai’s posting window closes on January 2, the right-hander’s free agency could potentially serve as a catalyst that kicks the larger market for starting pitching into gear.

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