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Latest On Josh Naylor

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10:36pm: Adam Jude of the Seattle Times reports that while the Mariners and Guardians have indeed discussed Naylor, it’s not expected that Cleveland will deal him to Seattle after offloading the Gimenez contract. That aligns with Lloyd’s earlier reporting that Cleveland seemed increasingly likely to hold Naylor.

1:26pm: As the Mariners search for first base upgrades this winter, they’ve had some talks with the Guardians about Josh Naylor, per Jon Morosi of MLB Network. There’s no indication the two parties are in any sort of advanced negotiations, but the fit is a natural one for an M’s club looking to improve its offense and a Guardians squad that has been open to offers on Naylor and outfielder Lane Thomas as they enter their final seasons of club control.

Naylor, 27, is projected by MLBTR contributor Matt Swartz to earn $12MM this coming season before reaching free agency next winter. He’s fresh off a career-high 31 homers and a .243/.320/.456 batting line (118 wRC+) with a 9.2% walk rate and just a 16.6% strikeout rate. The Mariners have been vocal over the past year-plus about wanting to scale back on their teamwide strikeout rate. Adding power and simultaneously reducing strikeout rate are often at odds with one another, but Naylor is the type of bat who can help them achieve both goals simultaneously.

A trade of Naylor for a Cleveland club that just re-signed Shane Bieber and is clearly intent on contending in 2025 might seem counterproductive at first glance, but the perennial tightrope walk of trading quality veterans for young talent while still trying to field a winning club is nothing new for the Guards. They just unloaded Andres Gimenez and his contract in what amounted to a three-team trade bringing hard-throwing righty Luis Ortiz to Cleveland from Pittsburgh. That dropped their expected payroll to around $97MM, per RosterResource. Shedding Naylor would scale that back to $85MM while opening time for Kyle Manzardo at first base (and perhaps creating more room for some smaller-scale free agent additions).

At the same time, it should be noted that a trade of Naylor isn’t a foregone conclusion. The Athletic’s Jason Lloyd wrote recently that he’d gotten the sense a trade of the slugging first baseman was becoming less likely, as the Guards weren’t impressed with anything offered up by other clubs. (A single text or phone call can change that, of course.) Understandably, Cleveland isn’t going to move a player of Naylor’s ability just to shed payroll; they’d need to feel they’re getting legitimate value in return — especially since with a season comparable to his 2022-24 showings, a then-28-year-old Naylor will be a qualifying offer candidate next offseason.

For the Mariners, Naylor would provide a boost to a club that saw Justin Turner reach free agency at season’s end. Turner was the club’s primary first baseman down the stretch last year after a deadline trade bringing him to Seattle. The M’s have Luke Raley as an option at first base, but he could also mix into the outfield and at designated hitter. Prospect Tyler Locklear is ready for a big league look, but a postseason hopeful like the Mariners might not want to just hand first base to an unproven 24-year-old who posted league-average numbers in Triple-A last season and slashed .156/.224/.311 with a 41% strikeout rate in his first 49 MLB plate appearances.

The M’s also have interest in bringing either Turner or veteran Carlos Santana back to Seattle. (Santana played with the M’s in 2023.) The team’s top priority at the moment seems to be upgrading at first base, then adding help at either third or second base — likely the former. In-house options like Dylan Moore, Ryan Bliss and (eventually) top prospect Cole Young could factor in at second base if the end result is upgrading at both corners.

Naylor’s projected salary likely fits within the Mariners’ reported budget — about $15MM to spend, give or take, per Adam Jude of the Seattle Times — but probably doesn’t leave room for another notable addition. The Mariners would surely love to find a way to unload the contracts of Mitch Haniger $15.5MM in 2025) and/or Mitch Garver ($12.5MM in 2025), but either would be a tall task. The presence of those cumbersome contracts, coupled with a second offseason headlined by a tight budget from ownership, make another round of trades from the ever-active Seattle front office likelier than a series of free-agent splashes aimed at once again revamping an offense that has struggled to produce in a highly pitcher-friendly setting.

Diamondbacks, Cristian Pache Agree To Minor League Deal

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The D-backs and outfielder Cristian Pache have agreed to a minor league deal, reports Steve Gilbert of MLB.com. Pache, a client of MVP Sports Group, will head to spring training as a non-roster invitee and compete for a bench job.

The 26-year-old Pache split the 2024 season between the Phillies, Orioles and Marlins. A lights-out defender with an anemic bat, Pache posted a combined .200/.273/.279 batting line with an alarming 35% strikeout rate in 183 plate appearances on the season. He’s out of minor league options, so none of those clubs ever had the chance to send Pache down for additional work.

Once one of the game’s top prospects with the Braves, Pache was always regarded as an elite defender whose future would hinge on whether the bat would come around. That’s still yet to happen. He’s seen 610 plate appearances between the Braves, A’s, Phillies, Orioles and Marlins but managed only a .181/.243/.275 line (46 wRC+). Injuries have perhaps contributed — he had both elbow and knee surgery in 2023 — but that alone can’t explain away the extent of his struggles in the majors.

Though he’s never shown that he can hit in the majors — or even all that much in Triple-A — Pache has posted superlative defensive grades. Scouts and defensive metrics agree that he’s sensational in the field, evidenced by career marks of 12 Defensive Runs Saved and 17 Outs Above Average in just 1503 big league innings.

Pache’s glove alone would make him a sensible enough depth pickup for any team, particularly on a minor league deal like this one. He fits the D-backs better than most, however, as he offers a right-handed complement to Jake McCarthy, Alek Thomas and Corbin Carroll. Pache can play any of the three outfield spots, and while he’s not really a true platoon option, his career .230/.299/.370 (87 wRC+) against lefties at least makes him playable when there’s a southpaw on the bump.

The D-backs have drawn trade interest in outfielders like McCarthy and Thomas, though it seems unlikely there’s any correlation at play. Rather, the Snakes likely pounced on the opportunity to bring in a plus-plus defender who could complement their existing outfield nicely and do so at a negligible cost without any real risk.

Brewers, Bruce Zimmermann Agree To Minor League Deal

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The Brewers have agreed to a minor league deal with left-hander Bruce Zimmermann, reports Adam McCalvy of MLB.com. The Ballengee client will be in big league camp as a non-roster invitee this coming spring.

Zimmermann, 29, has appeared in parts of four seasons. All four of those came with the Baltimore native’s hometown club. From 2020-23, he pitched 158 1/3 frames for the Orioles, mostly out of the rotation, posting a 5.57 ERA along the way. He regularly showed plus command (career 5.2% walk rate), but Zimmermann’s 89-91 mph fastball proved too hittable and led to troubles keeping the ball in the park (2.27 HR/9).

While Zimmermann’s big league results have clearly been sub-par, he’s logged a more palatable 4.20 ERA in 306 1/3 innings across parts of five Triple-A seasons. Despite the lack of velocity, he’s punched out a solid 22.8% of his opponent at that level and coupled that with a similarly sound 8% walk rate. The 2024 season was the first since 2019 in which Zimmermann did not appear in the majors. He pitched 80 minor league innings with a 4.16 ERA on the year, splitting his time between the rotation and bullpen.

Zimmermann will give the Brewers some more affordable rotation depth behind the projected starting five of Freddy Peralta, Brandon Woodruff, Nestor Cortes, Aaron Civale and Tobias Myers. Southpaws Aaron Ashby and DL Hall are both on the 40-man roster and could get looks in the ’pen or as starters.

Other rotation candidates include Carlos Rodriguez, Logan Henderson and Chad Patrick, though the latter two have yet to actually make their MLB debuts. Top pitching prospect Jacob Misiorowski had a nice season between Double-A and Triple-A last year, and 2022 second-rounder should be in line for his MLB debut at some point during the 2025 campaign. Milwaukee has been on the hunt for extra rotation stability this offseason but doesn’t have much money to work with as they work toward that goal.

The Brewers picked up a plug-and-play mid-rotation arm, Cortes, in the trade sending closer Devin Williams to the Yankees, but they’re still likely to be in the mix for some more low-cost arms.

Reds Claim Roansy Contreras

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The Reds claimed right-hander Roansy Contreras off waivers from the Rangers on Thursday, per announcements from both clubs. Texas had designated him for assignment last week. Cincinnati had a pair of vacancies on its 40-man roster, so a corresponding move isn’t necessary.

Contreras, still just 25, will join his second organization of the offseason and third of the past calendar year. Once a top pitching prospect with the Yankees and Pirates — New York traded him to Pittsburgh in the Jameson Taillon swap — he’s begun to bounce around the league in journeyman fashion. Pittsburgh traded him to Anaheim for cash back in May, and the Rangers claimed him off waivers from the Halos on Halloween.

Back in 2022, Contreras looked like he was on his way to cementing a long-term place in the Pirates’ rotation. He pitched 95 innings with a 3.79 ERA, 21.1% strikeout rate and 9.6% walk rate in that rookie campaign. A year later, the right-hander lost more than a mile per hour off his heater and was trounced for a 6.59 ERA in 68 1/3 big league frames. His work in Triple-A Indianapolis was similarly shaky, with an ERA just under 5.00 in eight appearances (six starts).

Out of minor league options and losing his grip on a roster spot, Contreras was designated for assignment back in May. The Angels leaned on him for 52 innings of low-leverage relief following that cash swap, and Contreras held his own with a 4.33 ERA and more questionable rate stats (17.9 K%, 10.6 BB%). The full-time move to the ’pen didn’t get Contreras’ velocity back up to its previous 96 mph average; he sat 94.9 mph with the pitch in 2024.

If Contreras lasts the rest of the offseason on the Reds’ 40-man roster, he’ll compete for a bullpen spot this spring. He’d need to make the Opening Day club or else be designated for assignment once again, as he can’t be sent down to Triple-A without first clearing waivers. Alexis Diaz, Brent Suter, Fernando Cruz, Sam Moll, Emilio Pagan and Tony Santillan are all likely locked into spots (barring injuries or trades), but there could still be a couple openings up for grabs in camp, depending on how the front office proceeds for the remainder of the offseason.

Phillies, Nick Vespi Agree To Minor League Deal

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The Phillies have agreed to a minor league deal with free agent left-hander Nick Vespi, reports Matt Gelb of The Athletic. The Ballengee Group client will be in big league camp as a non-roster invitee this spring.

Vespi, 29, has seen big league time with the Orioles in each of the past three seasons. He’s tallied 53 1/3 innings along the way, pitching to a solid 3.88 ERA with a slightly below-average 20.9% strikeout rate and a very strong 5.9% walk rate. Vespi embodies the “finesse lefty” archetype, sitting 89 mph on his cutter, but he’s missed bats (12.9% swinging-strike rate) and kept the ball on the ground (44.7%) at clips that are slightly better than league average.

Despite the solid work in the majors, Vespi was designated for assignment in late August and passed through waivers unclaimed. A disastrous showing in Triple-A this year surely contributed to that outcome. Vespi pitched 42 1/3 innings down in Norfolk but was rocked for a 7.23 ERA. A sky-high .424 average on balls in play played a role in inflating his earned run average, but Vespi also walked a very uncharacteristic 14.6% of his opponents and plunked three more. A whopping 16% of his opponents in Triple-A reached via base-on-balls or hit-by-pitch.

If Vespi can get back to the solid command he showed both in Triple-A and in the majors, he’ll have a good chance of pitching his way into the Phillies’ plans. He may not throw hard, but he’s been good in three Triple-A seasons prior to 2024 and has had some solid big league results in Baltimore. Vespi generally limits hard contact well — career 87.9 mph average exit velocity and 37.7% hard-hit rate — and did so quite well in Norfolk this year even while struggling with his bottom-line results (85.7 mph average exit velocity, 27.6% hard-hit rate).

He’ll need to earn the opportunity with a strong spring or impressive early work in Triple-A Lehigh Valley, but if Vespi does land on the big league roster, he can be controlled not only for the 2025 season but an additional five years beyond that point.

Latest On Nolan Arenado

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The potential for a Nolan Arenado trade has been one of the most persistent storylines of the 2024-25 offseason, and Arenado surged into the spotlight yesterday when it was reported that he invoked his no-trade clause to quash a deal that would’ve sent him to the Astros.

Further details on the matter, unsurprisingly, have continued to leak out today and presumably will in the days and weeks ahead. Derrick Goold of the St. Louis Post-Dispatch reports that while Arenado vetoed the potential deal to Houston, the Cardinals and Astros will continue to negotiate and an eventual deal remains possible. Of further note, while there’s been plenty of talk regarding the number of teams to which Arenado would approve a trade, Goold suggests that the third baseman has not at any point submitted a formal list of such teams to the Cardinals. Around five teams have spoken with the Cardinals about a trade, per the report.

The lack of a firm list could potentially be due to the fact that Arenado’s willingness to approve a trade to another club is context-dependent. Agent Joel Wolfe made clear at last week’s Winter Meetings that Arenado’s goal is to land with a clear win-now team that will continue to pursue a World Series title for the balance of the three years remaining on his contract. A team’s offseason dealings can impact the perception of whether they’re a true long-term contender.

Katie Woo and Chandler Rome of The Athletic report that, somewhat ironically, the very same move that in some regards paved the way for Houston’s pursuit of Arenado might’ve reduced his willingness to go there: the trade of Kyle Tucker to the Cubs. For a player seeking a perennial win-now atmosphere, a team simultaneously trading its best player and balking at re-signing a franchise cornerstone (Alex Bregman) logically raises some red flags. Woo and Rome write that Arenado wants to further see how the third-base market plays out before making any kind of decision, with Bregman’s eventual landing spot being one potential factor.

If that sounds counterintuitive, consider that Arenado could be viewed as something of a “Plan B” for teams with interest in Bregman. Bregman has been linked to both the Yankees and Red Sox, for instance. Either could hold appeal to Arenado, speculatively speaking, but they may choose not to ramp up their pursuit until Bregman is off the table. Revisiting the talks with Houston could also occur if Bregman signs elsewhere.

MLB.com’s John Denton appeared on 101 ESPN’s BK and Ferrario Show in St. Louis this morning and touched on the Arenado saga as well. He echoed many of the same points made in those reports and in his own reporting in helping break the no-trade development yesterday, but he added the wrinkle that Arenado is still holding out hope for a potential match with the Dodgers.

While Dodgers brass has publicly indicated that Max Muncy will be the team’s third baseman next season, Denton suggested some gamesmanship in those comments and reports that the Dodgers still have some interest in Arenado. It’s hard to see how that’d work with Muncy in the fold, Freddie Freeman at first base and Shohei Ohtani locked in at designated hitter.

Muncy would make a pricey and overqualified bench player. He’s a highly affordable starter at third, owed $12MM this year with a $10MM club option for 2026. Muncy doesn’t have a no-trade clause, but the 2023-24 version of Arenado isn’t a clear upgrade overall — certainly not when Muncy has been the superior hitter. Muncy’s .232/.358/.494 slash in 2024 (135 wRC+) outpaces Arenado’s .272/.325/.394 output (102 wRC+) — higher batting average for Arenado notwithstanding. Those roadblocks aside, Denton feels the Dodgers aren’t entirely out of the question and that Arenado isn’t likely to approve a deal anywhere “until the Dodgers tell him no to his face.”

There were clearly many factors that went into Arenado’s decision to utilize his no-trade provision, but regardless of the specifics, the scratched Houston deal leaves the Cards in limbo. They’d like to open third base playing time for younger players (e.g. Nolan Gorman, perhaps Jordan Walker) and are simultaneously hopeful of scaling back payroll ahead of next year’s player development-focused “reset” year.

Trading Arenado would’ve done just that, particularly with the Astros apparently willing to foot the majority of the bill. Woo and Rome indicate that Houston was willing to cover around $45MM of Arenado’s deal. ESPN’s Jeff Passan hears differently, reporting that the Astros were willing to cover a heftier $59MM of the $74MM remaining on the contract. That’s on top of the $10MM the Rockies are covering under the terms of their prior deal. In essence, it seems the Cardinals would’ve only been on the hook for anywhere from $5-19MM in total — as compared to the $64MM they currently owe Arenado ($12MM of which is deferred). Woo and Rome write that president of baseball operations John Mozeliak is “facing pressure from ownership” to further reduce payroll.

Taking a step further back, Arenado’s various reported reasons for saying no to the Astros — at least for the time being — suggest we may not get resolution on his trade candidacy anytime soon. If Arenado is waiting to see both whether the Dodgers make a serious push and to see where Bregman lands (perhaps opening the door for a match with an AL East contender), then the Cardinals’ hands are tied to an extent. Passan writes that the Houston veto could push the Cards to show willingness to eat more of the contract, thus bringing in additional suitors. Even in that scenario, the ball would be squarely in Arenado’s court, and if he’s willing to wait out several related market factors, this saga could drag on for some time.

In that scenario, the Cardinals might well be forced to look into other ways they could shed some payroll. Steven Matz ($12MM), Erick Fedde ($7.5MM) and Ryan Helsley (projected $6.9MM) are among the other short-term veterans on the roster who don’t hold the same no-trade provisions that Arenado, Sonny Gray, Willson Contreras and Miles Mikolas hold. Both Contreras and Gray have reportedly told the Cardinals that they prefer to stay in St. Louis and do not plan to waive their no-trade rights.

Luzardo Talks Between Cubs, Marlins Have Reportedly Cooled

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The Cubs have been extremely active on the trade market over the past week, but it seems their latest deal may have hit a snag. Bruce Levine of 670 The Score said on air this morning that Chicago’s talks for Marlins lefty Jesus Luzardo “appear to be dead” after having some serious momentum earlier in the week (audio link, Luzardo talk around the 2:13:45 mark). It’s not entirely clear whether the parties will seek to rekindle negotiations, but Levine suggests that medical reviews on one side or the other could have thrown a wrench into talks.

The natural inclination for many will be to presume that Luzardo’s medical records proved to be the hitch, but there’s no firm indication that’s the case. It’s every bit as possible that the Marlins took a look at medical records on one of the prospects who was a focal point in the proposed return and balked at what they saw.

Luzardo, 27, has repeatedly demonstrated front-of-the-rotation potential but hasn’t been able to consistently deliver results at that level — often due to injuries. He posted a 3.48 ERA with an excellent 28.7% strikeout rate against a sharp 7.9% walk rate in 279 innings from 2022-23 but missed time along the way due to a forearm strain. Luzardo, who had Tommy John surgery as a prospect, also spent time on the injured list early in 2024 due to elbow tightness. He returned and pitched well — 3.98 ERA over his next seven starts — only to land back on the injured list in mid-June with a lumbar stress reaction that wound up ending his season.

Luzardo has only reached 100 big league innings twice in his career and has only started more than 18 games in the majors once. Including minor league work, he topped 100 innings each year from 2021-23, but those are his only professional seasons doing so. His 178 2/3 innings from 2023 are far and away a career-high mark.

Durability concerns notwithstanding, prime-aged lefties who average around 96 mph on their heater while boasting plus swinging-strike and strikeout rates alike are rare. Add Luzardo’s at least average command into the mix, and the potential for him to emerge as a bona fide star is clear. He was a top-100 draft pick and one of the top pitching prospects in baseball prior to his debut, after all. However, keeping him healthy has been a difficult task for the A’s and Marlins alike.

Even if it was Luzardo’s medicals that held up a potential deal — and again, we decidedly do not know that to be the case — that doesn’t eliminate the possibility of a trade sending him elsewhere. We’ve seen plenty of past instances where one team backs out of a deal based on a player’s medicals while another club finds them acceptable. For instance, the Yankees reportedly nixed a trade for Jack Flaherty over the summer due to medical concerns. The Dodgers were comfortable enough making a deal and got 10 regular season starts out of Flaherty, plus another five in the postseason. Different teams have different thresholds, and everything that’s taken into consideration is done so relative to the valuation of the players going the other direction in the deal.

As for the Cubs and what might be next if the Luzardo talks can’t be revived — that’s an open question. The trade of Cody Bellinger trimmed $25MM of his $27.5MM salary from the books, giving Chicago plenty of flexibility. RosterResource estimates their current payroll to be around $174MM, with just over $191MM of luxury obligations. That puts the Cubs roughly $50MM shy of the first luxury threshold. At least on paper, that leaves room to add virtually any free agent without needing to worry about the luxury tax, though Levine pushes back strongly on the idea of Chicago making a run at Corbin Burnes.

There’s a clear need for bullpen help and a strong likelihood that the Cubs will jump into the market for some notable late-inning options. History suggests that president of baseball operations Jed Hoyer will prefer to keep any free agent commitments there to the short-term variety. Hoyer has not given out a multi-year deal to a reliever since taking over baseball operations in Chicago. Kirby Yates, old friend David Robertson and Kenley Jansen are among the older but still-effective closing options who could be had on short-term deals. If the Cubs are willing to break from their past behavior on the relief market and pursue larger-scale targets, then names like Tanner Scott, Jeff Hoffman and Carlos Estevez currently top the market.

Angels Acquire Chuckie Robinson, Designate Davis Daniel For Assignment

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The White Sox traded catcher Chuckie Robinson to the Angels in exchange for cash, the teams announced Wednesday. The Halos designated righty Davis Daniel for assignment in order to open a spot on the 40-man roster. Presumably, the trade of Robinson is the White Sox’ corresponding move to open 40-man roster space for righty Bryse Wilson, who reportedly agreed to a one-year deal there earlier this afternoon. Both teams have full 40-man rosters.

Robinson, 30, has played in two big league seasons, logging 25 games with the ’22 Reds and 26 games with the ChiSox this past season. He’s struggled mightily at the plate, hitting a combined .132/.170/.194 in a small sample of 135 MLB plate appearances. He’s graded out well defensively, though, with good marks for his framing and quality caught-stealing rates. Robinson nabbed nine of the 31 opponents who tried to swipe a base against him in 2024 (29%).

Although Robinson hasn’t hit in his minimal action at the big league level, he’s a .272/.330/.423 hitter in three Triple-A seasons. He also still has a pair of minor league options remaining. He’ll be no higher than third on the organization’s catching depth chart behind Logan O’Hoppe and Travis d’Arnaud, but he’ll give them a more flexible third catcher than they had with the out-of-options Matt Thaiss (who has coincidentally made his way to the White Sox after first being traded from the Angels to the Cubs).

The 27-year-old Daniel will lose his spot on the Angels’ 40-man roster as a result of today’s swap. He’s seen major league time with the Halos in each of the past two seasons but been tagged for an ugly 5.06 ERA in 42 2/3 innings. Daniel has a below-average 19.9% strikeout rate and a solid 8.1% walk rate during that time but has averaged a tepid 92.1 mph on his four-seamer while posting poor whiff rates.

Daniel’s 2024 struggles extended to his Triple-A work (5.43 ERA), but he posted solid numbers there in 2022 (4.49 ERA, 102 1/3 innings) and was sharp in the minors and in the Arizona Fall League as recently as 2023. He also has a minor league option remaining. That could prompt another club to take a look, but if not, Daniels can be outrighted to Triple-A and retained as non-roster depth. The Angels will have a week to trade him or attempt to run him through outright waivers.

Naoyuki Uwasawa Signs With NPB’s SoftBank Hawks

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Right-hander Naoyuki Uwasawa’s foray into North American ball will come to a close after one season. The SoftBank Hawks of Japan’s Nippon Professional Baseball announced this week that they’ve signed the 30-year-old righty to a four-year contract (link via The Mainichi).

Uwasawa signed a non-guaranteed deal with the Rays last offseason as he looked to make the jump to Major League Baseball on the heels of a nice nine-year run with NPB’s Nippon-Ham Fighters. He only spent spring training with Tampa Bay, however, as he triggered an assignment clause in his minor league deal at the end of camp when he was told he wouldn’t make the team. That prompted a trade to the Red Sox, who sent cash back to the Rays and selected Uwasawa to the 40-man roster the following day.

Uwasawa only wound up pitching in two games with Boston. He gave the Red Sox four innings of one-run ball across those two appearances but didn’t get a longer look, due in large part to his struggles down in Triple-A Worcester. The soft-tossing righty was hammered for a 7.63 ERA over 59 1/3 innings, during which time he fanned 16.8% of his opponents against a 12.9% walk rate. For a pitcher who was never a big strikeout arm in Japan but offset the lack of punchouts with sharp command, the walks were as uncharacteristic as they were problematic.

The Red Sox passed Uwasawa through waivers unclaimed in July. He was assigned outright to Triple-A and became a minor league free agent at season’s end. While there may have been some interest from other MLB clubs on a minor league deal, a four-year guarantee to return home to Japan understandably appears to have been too tempting for the right-hander to overlook.

Uwasawa will head back to Japan and look to build on what’s already a fine track record in NPB. He’s pitched 1118 1/3 innings at Japan’s top level and turned in a 3.19 ERA, a 70-62 record, a 19.7% strikeout rate and a 7.5% walk rate (though his strikeout rate has dwindled as his walk rate has improved further in recent NPB seasons).

Yankees Notes: Williams, Loaisiga, Bellinger, Trevino

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It’s been a frenetic week-plus for the Yankees, who over the past ten days have watched Juan Soto sign with the Mets and quickly pivoted to bring lefty Max Fried, closer Devin Williams and first baseman/outfielder Cody Bellinger into the fold. There’s still more on the Yankees’ short-term to-do list, but Williams also offered a glimpse at a potential conversation that could be had in the coming months. Asked by the YES Network’s Jack Curry about the possibility of signing a long-term contract in the Bronx, Williams replied that it’s “definitely an option.” As it stands, he’s heading into his final season of club control before free agency.

Williams has been one of the game’s most dominant relievers since making his debut. The 2020 National League Rookie of the Year ranks in the top-three of all big league pitchers (min. 200 innings) in both ERA (1.83, second) and strikeout rate (39.4%, third) since coming into the league.

Detractors might point to Williams surrendering what was effectively a season-ending home run to Pete Alonso against the Mets in the NLDS, but it’s rare for the righty to falter in that manner. Since 2020, his first full big league season, no pitcher in baseball has a higher win probability added than Williams. He’s been placed into 138 save/hold situations in his career and only blown the opportunity 10 times. Broadly speaking, Williams has done his best work in high-leverage spots, that lasting memory from the ’24 postseason notwithstanding.

A pitcher with Williams’ stuff and track record should have the opportunity to command one of the largest deals ever for a reliever next winter — provided he maintains that standard in his first season with the Yankees. Williams will pitch nearly all of this season at 30 years of age, turning 31 in September. Age and perhaps some health questions — he missed three months in 2024 with multiple stress fractures in his back — might keep him from quite reaching the same heights that Edwin Diaz (five years, $102MM) and his former teammate Hader (five years, $95MM) reached in free agency. Diaz was 29 in the first year of his contract. Hader was 30.

Still, Williams could reasonably expect to command at least four years, if not five, and he’d be able to push into the rarefied air of $16-20MM average annual values for relievers that have only been attainable for the game’s truly elite stoppers over the past few years. Diaz, Hader, Wade Davis, Liam Hendriks, Kenley Jansen and Aroldis Chapman are the only relievers to command multi-year deals with AAVs of $16MM or more.

Whether the two sides will actually get into serious negotiations is an open question, but Williams’ ostensible openness is of some note. He’s projected by MLBTR contributor Matt Swartz to earn $7.7MM in his final arbitration this coming season, and one would presume he and his reps at Klutch Sports are eyeing an annual salary of $18MM or more for his free agent seasons. It’d be a costly endeavor, but the Yankees have been willing to make huge commitments to the bullpen in the past (e.g. Chapman, Zack Britton).

Elsewhere in the Yankee bullpen is another potentially dominant arm: righty Jonathan Loaisiga. The Yanks more quietly re-signed the Nicaraguan-born righty this month. He’s currently eight months removed from an internal brace procedure to repair a UCL tear in his right elbow. Pitching coach Matt Blake told reporters today, including Chris Kirschner of The Athletic, that the aim is for Loaisiga to be back in the Yankees’ big league bullpen by late April or early May.

The 30-year-old Loaisiga has only reached 50 innings in one big league season but has been excellent when healthy enough to take the ball. Dating back to 2020, the oft-injured righty sports a 2.98 ERA with a below-average 20.3% strikeout rate but a strong 6.5% walk rate and an elite 58% ground-ball rate. Since largely shelving his four-seamer in favor of a sinker, Loaisiga has averaged a blazing 98.1 mph on that sinker, also employing a changeup to help keep lefties off balance. It seems the current expectation is for Loaisiga to open the season on the injured list, but it may not be a particularly lengthy stay, based on the current trajectory of his rehab.

Of course, the headline-grabbing news of the week in the Bronx — beyond finalizing their eight-year deal with Fried and introducing him at a press conference today — was the Yankees’ completion of a trade to bring Bellinger to the Bronx. Rumors of talks between the Yankees and Cubs were plentiful, particularly once Soto signed with the Mets. The two teams finally lined up on a deal yesterday afternoon.

USA Today’s Bob Nightengale tweeted not long after the trade that the Yankees had informed Bellinger he’ll be utilized in center field. General manager Brian Cashman pushed back on that today following the Fried presser (link via Bryan Hoch of MLB.com), stating that there’s no firm decision on Bellinger’s defensive home. He could play any of center field, left field or first base for the Yankees next season, and that decision will be contingent on what the Yankees are able to accomplish throughout the remainder of the offseason. FOX Sports’ Deesha Thosar adds that manager Aaron Boone spoke to Bellinger last night, and Bellinger informed his new skipper he’s open to playing wherever needed.

That flexibility, plus the flexibility provided by Jazz Chisholm Jr.’s ability to play multiple spots, leaves Cashman a vast array of possibilities for the remainder of the offseason. The Yankees are reportedly intrigued by several free agent first basemen but could look to the outfield market and also have other areas of depth from which they could trade. Francys Romero of BeisbolFR.com suggests that catcher Jose Trevino, for instance, could find himself on the trade block in the weeks ahead.

There’s been some speculation that the Yankees could deal from their catching depth this winter, and they’ve already moved one of the five catchers they had on their 40-man roster, sending Carlos Narvaez to the Red Sox for a minor league pitcher and some international bonus pool space. With Austin Wells emerging as the starter behind the plate and backstops J.C. Escarra and Jesus Rodriguez joining Trevino on the 40-man roster, there’s still a good bit of depth. (That doesn’t even include catcher/first baseman Ben Rice, or catching prospect Rafael Flores, who’s not on the 40-man but just had a big season in Double-A.)

To be clear, there’s no indication that Trevino is expressly being shopped. But catching depth is always at a premium around the league, and this offseason’s market is particularly thin. The Yankees are a surefire luxury payor, and while Trevino’s projected $3.4MM salary (again, via Swartz) isn’t excessive, moving him could cut the Yankees’ spending by around $7MM after accounting for the CBT.

The 32-year-old Trevino hit just .215/.288/.354 in 234 plate appearances last year but graded out as a plus-plus defender. The 2022 Platinum Glove winner is a free agent after the season, and with a wealth of young catching options in Wells, Escarra, Rodriguez and Flores, it’d be understandable if the Yanks leveraged that depth by moving Trevino for some bullpen help or depth in another area of need.

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