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Marlins Notes: Cabrera, Alcantara, Weathers, Outfield, Bullpen

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While much of the focus regarding the Marlins this offseason has been on their intent to spend more aggressively (relatively speaking) and bolster the lineup, the Fish still have a pair of prominent trade candidates in the rotation. Right-handers Edward Cabrera and Sandy Alcantara are on wishlists for pitching-hungry clubs around the league, though neither is a lock to be moved.

Kevin Barral and Isaac Azout of Fish On First reported last week that the organization “expects” Alcantara to be with the club come Opening Day. MLB.com’s Christina De Nicola offers a similar sentiment today, suggesting that Cabrera is the likelier of the two to be moved this offseason — if either is traded at all. Miami isn’t actively shopping either pitcher at the moment, she writes, though it’s all but a given that there’ll be an uptick in inquiries at next week’s Winter Meetings. De Nicola also lists lefty Ryan Weathers as a potential trade candidate while rightly noting that the Fish would be selling low on a talented southpaw after consecutive injury-plagued seasons.

Acquired in the 2023 trade sending Garrett Cooper to the Padres, Weathers has been a steal for Miami when healthy. That’s been a major caveat, unfortunately. A lat strain, flexor strain and finger strain have combined to limit the former No. 7 overall draft pick to just 24 starts dating back to Opening Day 2024. Weathers has totaled 125 innings in that time and notched a 3.74 ERA with a 22% strikeout rate and 6.8% walk rate. That league-average strikeout rate is backed by a roughly average 11.7% swinging-strike rate. Weathers has sat 96.2 mph on his heater since ’24 and kept a strong 45.6% of batted balls against him on the ground. As with Cabrera, he’s a clear injury risk but has had some recent success and comes with another three seasons of club control.

Cabrera stands as the prize of the Marlins’ potential trade candidates in the rotation, but because of his age (27), affordable salary ($3.7MM projection, via MLBTR contributor Matt Swartz), former top prospect status and 2025 results (3.53 ERA, 25.8 K%, 8.3 BB%, 46.6 GB% in 137 2/3 innings), he also surely comes with the highest asking price.

Jeff Passan and Kiley McDaniel of ESPN wrote just this morning that Miami has asked for “premium prospects” in for any club that has poked around on Cabrera, and the right-hander’s lengthy injury history has left interested parties wary of making such a commitment. The 2025 season was Cabrera’s first reaching 100 innings in the majors, and he’s spent time on the injured list with an elbow sprain, blisters, shoulder impingement (three times) and tendinitis in his elbow — all since 2021.

Certainly, the Marlins could use their deep supply of starting pitching to bring in some bats to help the lineup, but free agency remains a viable path as well. They’ve primarily focused on first base to this point, but Barry Jackson of the Miami Herald reports that president of baseball ops Peter Bendix and his staff have begun to broaden their search. Miami is also looking into potential outfield and third base acquisitions, believing that the versatility of players like Connor Norby and Griffin Conine could allow them to target bats at other positions.

It’s already known that the Marlins have been considering Norby at first base. Jackson adds that the Fish are planning to get Conine some work at first next spring and also believe that outfielder Heriberto Hernandez could be an option there.

The bullpen has been another point of focus for Bendix & Co., with reports tying Miami to prominent names like Devin Williams (who has since signed with the Mets), Raisel Iglesias (who re-signed in Atlanta) and Pete Fairbanks (who Bendix knows well from his days as Rays general manager). Jackson adds veteran relievers Kyle Finnegan, Tyler Rogers and twin brother Taylor Rogers as three more bullpen arms who intrigue the Marlins.

Finnegan, 34, has closed games for the division-rival Nationals for years but elevated his production to new heights following a summer trade to the Tigers. Detroit pushed Finnegan to use his splitter more and tweaked his release point, and the right-hander was flat-out dominant in the Motor City, emerging as one of manager A.J. Hinch’s go-to relievers. He tossed 18 innings of 1.50 ERA ball following the trade and saw his strikeout rate jump from 19.6% in D.C. to an eye-popping 34.8% in Detroit.

The Rogers brothers have lengthy track records themselves. Taylor, a lefty, was a high-end setup man and All-Star closer with the Twins during his peak years from 2017-22. He’s settled into more of a middle relief role since signing with the Giants — where he teamed with his brother — and subsequently being traded to the Reds and Cubs.

While Taylor was the prominent name early in the brothers’ careers, it’s Tyler who is now the higher-profile reliever. He’s pitched 378 1/3 innings of 2.71 ERA ball dating back to 2021, including a pristine 1.98 earned run average in 77 1/3 frames between the Giants and Mets in 2025. Tyler doesn’t miss many bats, as one would expect from a soft-tossing right-handed submariner whose sinker averages 83.5 mph, but he has impeccable command (2.2% walk rate since 2024) and is all but impossible to square up due to the deception in his delivery. Tyler has the slowest “fastball” and lowest whiff percentage in the majors but also sits in the 95th percentile (or better) of big league pitchers in terms of opponents’ exit velocity, barrel rate and hard-hit rate.

At the moment, Miami has a projected 2026 payroll of just $59MM, per RosterResource. They’re sitting just under $70MM in luxury tax obligations. The general thinking has been that, like the A’s last offseason, the Marlins will want to push that CBT number closer to $105MM in order to avoid any type of MLBPA grievance that might jeopardize their revenue-sharing status. That could be achieved by bringing in free agents, trading for veterans on guaranteed salaries, or extending players already on the roster. The Marlins have reportedly spoken to both Kyle Stowers and Eury Perez about long-term deals; talks with either player could pick back up later in the offseason.

Giants’ Casey Schmitt Undergoes Wrist Surgery

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Giants infielder Casey Schmitt underwent surgery to remove a carpal boss from his left wrist this morning, the team announced. He’ll require anywhere from eight to ten weeks to recover. That could cut into Schmitt’s availability early in spring training, but so long as there are no lingering complications, he should have time to ramp up for Opening Day.

Word of Schmitt’s surgery comes just a day after reports emerged that the Giants were among the teams looking into second base upgrades. That’s hardly a surprise, given that San Francisco second basemen combined for a dismal .217/.273/.343 batting line in 2025. The resulting 73 wRC+ (indicating they were 27% worse than league-average) ranked 27th in MLB.

Schmitt, Tyler Fitzgerald, Christian Koss and Brett Wisely took all of the reps at second base for San Francisco last season. None of them hit well while manning the keystone — though Schmitt’s overall .234/.305/.401 was only a bit worse than average at the plate (98 wRC+). Coupled with 113 solid plate appearances in 2024, Schmitt has been an average bat over the past two seasons, hitting .241/.300/.420 with 18 homers in 461 plate appearances.

As things stand, Schmitt sits atop the Giants’ depth chart at second base. Fitzgerald and Koss both remain with the organization. Wisely was claimed off waivers by Atlanta in September and remains on the Braves’ 40-man roster.

There’s no top prospect breathing down Schmitt’s neck. Gavin Kilen, Josuar Gonzalez and Jhonny Level all play the middle infield, but none will be ready for a look come 2026. The Giants have long stood as a fit to add help at second base, though their stated reluctance to go long-term on starting pitchers this offseason makes it worth wondering whether they’d make a real run at top free agent Bo Bichette. Alternatives in free agency include Jorge Polanco and Ha-Seong Kim, while the trade market presents possibilities like Brandon Lowe, Brendan Donovan, CJ Abrams and buy-low names such as Nolan Gorman and Luisangel Acuña.

For now, Schmitt still profiles as the top option, but news of his injury only further shines a light on the Giants’ need at second base. If the Giants do succeed in bringing in someone from outside the organization, that doesn’t necessarily squeeze Schmitt out of a role entirely. He has ample experience at all three infield spots to the left of first base to go along with decent speed and a strong throwing arm. He’d make a decent utility player and also has a minor league option remaining, giving the Giants the flexibility to send him to Triple-A Sacramento and call him up in the event of an injury elsewhere on the roster. The Giants can control Schmitt for at least another four seasons — possibly five, depending on how much (if any) time he spends in the minors  during his final option year.

Tigers Among Teams Interested In Pete Fairbanks

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The relief market has been the most active element of free agency so far, with Devin Williams, Ryan Helsley, Raisel Iglesias and Phil Maton among the most prominent names off the board thus far. Former Rays closer Pete Fairbanks has seen his name pop up frequently early on as well, drawing connections to the Marlins, Blue Jays and Dodgers. MLB Network’s Jon Morosi adds the Tigers to the list of clubs with interest in Fairbanks.

Tampa Bay’s decision to decline an $11MM option on Fairbanks was a moderate surprise. He’d just wrapped up his healthiest season and has been a quality ’pen arm for Rays skipper Kevin Cash dating back to 2020. Since that shortened season, the 31-year-old Fairbanks (32 in two weeks) sports a collective 2.87 ERA, 88 saves, 30 holds, 30.2% strikeout rate and 9.2% walk rate. That includes a 2.83 ERA and career-high 27 saves this past season (in a career-high 60 1/3 innings).

That said, Fairbanks comes with his share of red flags. Beyond turning 32 this month, he’s seen his velocity, strikeout rate and swinging-strike rate all dip in recent seasons. He’s averaged 97.3 mph on his heater in each of the past two seasons, which is still well above average but noticeably down from the pitch’s peak average of 99 mph. Fairbanks set down nearly 35% of his opponents on strikes from 2020-23 but is at 24% over the past two years. He sat 15.1% with his swinging-strike rate from 2020-22 but is down to 11.3% in 2024-25 — roughly in line with the league average.

None of these trendlines suggest that Fairbanks is suddenly a bad reliever, but he’s not quite as dominant as he once was. He’s also missed considerable time with injury over the years. Since 2021, Fairbanks has been placed on the injured list six different times. That’s been due to a pair of lat strains, shoulder inflammation, forearm inflammation, a nerve issue and hip inflammation. This past season’s 60 1/3 innings weren’t just a career-high — they marked the first time Fairbanks has completed even 46 innings in a major league season.

For a budget-crunched club like the Rays, the $11MM price point was understandably steep. Still, many expected the team to trade Fairbanks before the option decision was due. The Rays clearly weren’t able to find a club willing to give up minor league talent and commit to an $11MM payday for Fairbanks on day one of the offseason. Tampa Bay could’ve picked up the option and tried to trade him down the line, but their early shopping of the right-hander already spelled out that they weren’t keen on paying him $11MM. Trying to trade him after picking up the option ran the risk of needing to pay down even more than the $1MM buyout Fairbanks received in order to acquire a middling return — not exactly appealing for the Rays.

Just because Fairbanks wasn’t traded doesn’t mean his eventual price point will come in under $11MM. A two-year contract remains plenty plausible, particularly if it’s at a slightly lower annual rate. Even on a two-year pact, it’s possible some clubs might now value him differently after seeing other targets come off the board and/or after freeing up payroll space with some of their own early dealings.

The Tigers are an obvious fit for Fairbanks — or for any late-inning reliever in general. Detroit saw Kyle Finnegan, Rafael Montero, Paul Sewald and Tommy Kahnle all reach free agency at season’s end. Will Vest, Tyler Holton, Brenan Hanifee and Brant Hurter all posted quality ERA marks, but Vest is the only one of that quartet who did so with a plus strikeout rate and while pitching consistently in high-leverage settings.

Detroit general manager Jeff Greenberg has already said the team will “certainly” be in the market for a bullpen arm or two. President of baseball operations Scott Harris has also publicly called out the relief corps as an area of focus. The Tigers are hoping to re-sign Finnegan, who dominated for them after coming over from the Nats at the July trade deadline, and they were reported to have interest in Williams before he agreed to a three-year, $51MM deal with the Mets last night. The Tigers are surely casting a wide net in their search for ’pen help, but there’s been enough early interest in Fairbanks that some have speculated he could sign in the relatively near future.

MLBTR Chat Transcript

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Steve Adams

  • Good morning! Chatting a bit early today, as I have some afternoon commitments. Feel free to send in questions ahead of time, as always. We’ll get going at 11am CT!
  • Hello! I’ll get going in a minute. Feel free to start adding questions to the pile!

Question

  • How many questions do you guys usually get on these chats?

Steve Adams

  • Several hundred. More as we get closer to the Winter Meetings, trade deadline, busier times of year in general. I think last week topped out around 800 participants, and I imagine we’ll hit similar or greater levels this time around

Leave it to Beavers

  • Is Bubic available? Would Heston Kjerstad be enough for a 1 for 1 or has his stock fallen too far?

Steve Adams

  • The Royals are open to moving a starting pitcher for an outfielder. President of baseball ops JJ Picollo has publicly said as much. Bubic only has one year left before free agency, so he’s certainly someone they’ll listen on.That doesn’t mean they’re outright shopping him, however. And while Kjerstad was a high-profile prospect for several years, I think his stock has cratered so much that I wouldn’t give much consideration to trading Bubic for him. I’m not convinced Kjerstad even makes it through the offseason on Baltimore’s 40-man roster.

DC Fan

  • Odds CJ Abrams gets traded?  Nunez is pretty good.

Read more

 

Willson Contreras Becoming More Open To Waiving No-Trade Clause

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Entering the offseason, two of the Cardinals’ three pricey veterans — Sonny Gray and Nolan Arenado — made clear that they were more willing to waive their no-trade clause this winter than they were last. Gray said he’d “definitely” consider the possibility after chatting with new president of baseball operations Chaim Bloom about the team’s direction. He’s already been shipped to the Red Sox. Arenado said he’d consider a broader range of teams this winter than last. He remains with St. Louis and will be extremely challenging to trade given his multiyear decline at the plate and the two expensive years left on his contract.

The Cardinals’ third spendy veteran, first baseman Willson Contreras, said on the final weekend of the season that he’d be open to trade scenarios if they made sense for both the organization and his own personal future but emphasized that his preference was to remain in St. Louis. Now, however, Katie Woo of The Athletic reports that Contreras has become increasingly open to waiving his no-trade protection to greenlight a deal if he deems the new club to be a good fit.

Perhaps seeing Gray moved and witnessing a deluge of rumors about teammates like Arenado, Brendan Donovan, Lars Nootbaar, JoJo Romero, Nolan Gorman and others has proven eye-opening for Contreras. Maybe watching the 2025 postseason simply reignited his aspirations to return to the playoffs. Whatever the reason, it’s notable that Contreras is now signaling a greater willingness to approve a deal.

That doesn’t make it a foregone conclusion that he’ll be traded. Contreras’ contract isn’t as complicated as that of Gray or Arenado, but it’s not exactly a raucous bargain in its own right. He’s guaranteed $36.5MM over the next two seasons, plus a $5MM buyout on a club option for the 2028 season. That’s $41.5MM still guaranteed to him overall. Would a 33-year-old Contreras (34 in May) command that type of contract in free agency right now? It’s possible, but he likely wouldn’t earn much beyond that.

Contreras is coming off a strong overall season. He hit .257/.344/.447 with 20 home runs, 31 doubles, a triple, five steals, a 25.2% strikeout rate and a 7.8% walk rate. By measure of wRC+, he was 24% better than league-average at the plate. His defense at first base — his first year at the new position — drew strong marks from Statcast (6 Outs Above Average) and a roughly average grade from Defensive Runs Saved (-1). It’s not far-fetched to think his glove will improve as he gains more seasoning at his new defensive home.

The Astros signed Christian Walker for three years and $60MM last offseason, a contract that began with his age-34 season. In that sense, one could argue that Contreras’ contract is about market value from an AAV vantage point ($20.75MM AAV on the remaining guarantee) but is more appealing in that it’s a year shorter. Then again, Walker was an elite defensive first baseman who’d his 95 home runs across the three prior seasons; Contreras was a good-not-great defender in ’25 and has hit 55 home runs over the three prior seasons.

The Cards were willing to pay down around half the money remaining on Gray’s contract to get a decent return. They wouldn’t need to eat as much of the Contreras deal to move him, but the more money they absorb, the better the return they can seek. Trading him without paying down any of the remaining salary likely wouldn’t net much of a return at all.

If the Cardinals are willing to eat some of that cash, there should be no shortage of interest in the three-time All-Star. Clubs like the Red Sox (again!), Rangers, Orioles, Guardians, Mets, Marlins and Padres are lacking certainty at first base and/or designated hitter. The Cardinals appear willing to deal within the division, too, which could make Cincinnati or Pittsburgh viable on-paper fits. Could a catching-needy team go outside the box and acquire Contreras with an eye toward putting him back behind the plate? That might be a reach, but it’s a very thin market for catching both in free agency and trade this offseason.

For the Cards, the benefit of trading Contreras is straightforward. Obviously, trimming payroll ahead of a season (likely multiple seasons) where the team doesn’t expect to compete for a World Series would be preferable for ownership. Moving Contreras and including cash in the deal could also net prospect talent of some note, furthering the clear rebuilding efforts.

Trading Contreras would also open first base full-time for Alec Burleson, thereby creating more room in the outfield for players like Joshua Baez, Nathan Church and the seemingly stalled out Jordan Walker (among others). They could also continue giving Burleson some occasional reps in left field and at DH, thus opening more first base reps for Gorman, whose playing time elsewhere in the infield is going to be cut into by top prospect JJ Wetherholt. Then again, Gorman himself could be traded this winter.

Contreras is just one of many Cardinals who could find himself on the move before too long this winter. Bloom & Co. are known to be working to trade Arenado while listening to offers on Donovan, Romero, Nootbaar, Gorman and others. At this point, Contreras and Arenado are the only two Cardinals who are guaranteed any money beyond the current season.

Braves Sign Danny Young

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The Braves announced Tuesday morning that they’ve signed left-handed reliever Danny Young to a one-year, major league contract. It’s a split deal, paying the 31-year-old at different rates for time spent in the majors versus time in the minors. Young, a client of Dynamic Sports Group, goes onto Atlanta’s 40-man roster. He’ll be paid at a $925K rate in the majors, MLBTR has learned.

This will be Young’s second stint in Atlanta. He spent the 2023 season with the Braves organization as well, pitching 8 1/3 terrific innings in the majors and struggling in 15 2/3 minor league frames. Injuries limited his time on the field that year, and that’ll be the case in 2026 as well. Young has spent the past two seasons pitching well out of the Mets’ bullpen but underwent Tommy John surgery last May. By signing in Atlanta, he’ll reunite with Jeremy Hefner — his pitching coach with the Mets who has left and taken the same title with the Braves.

Young will open the ’26 season on the injured list as he finishes off the rehab from that Tommy John procedure. A source tells MLBTR that he began throwing last month and is targeting a return to game action before the All-Star break.

Young has pitched in parts of four major league seasons. He’s totaled 60 2/3 innings in that time and logged a 4.01 earned run average with far more intriguing rate stats: 29% strikeout rate, 9.3% walk rate, 53.3% ground-ball rate. Metrics like SIERA (3.02) and FIP (3.23) feel he’s been far better than his ERA would indicate, which isn’t a surprise considering his solid rate stats but bloated .344 average on balls in play.

Once spring training opens, Young will very likely be transferred to the 60-day IL to open a spot on the 40-man roster. If Atlanta needs that spot sooner, they could run him through waivers in the offseason. The salary terms might allow Young to go unclaimed, and while he’d have the right to reject an outright assignment in favor of free agency, doing so would require forfeiting the guaranteed money on his split major league and minor league rates of pay.

If Young stays on the 40-man roster/60-day injured list until the time of his activation, he’ll give Atlanta another southpaw option in a bullpen that already includes Dylan Lee and Aaron Bummer. Out-of-options lefties Dylan Dodd and Joey Wentz are also penciled into bullpen spots at the moment.

Should Young bounce back to form, he’s a potential long-term piece in the Atlanta ’pen. He enters the 2026 season with only 1.160 years of major league service time, meaning he can be controlled for five more seasons — all the way through 2030. Obviously, there’s a long way to go before that long-term control comes into play, but the fact that the Braves put him directly onto the 40-man roster suggests an openness to plugging Young into the mix beyond the current season if he performs well; notably, Bummer is a free agent following the 2026 campaign.

Shawn Armstrong Hoping To Return To Rangers

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Free agent reliever Shawn Armstrong is coming off a career-best season with the Rangers and is hopeful of returning to Texas this offseason, per Jeff Wilson of DLLS Sports. Wilson adds that the 35-year-old Armstrong is “likely” seeking a two-year deal, which comes as little surprise given the quality of the season he just had.

The journeyman Armstrong has pitched for four teams in the past two seasons and eight in his big league career. Seeking out some more certainty and stability is understandable, particularly on the heels of a year in which he posted a career-high 74 innings with a sparkling 2.31 ERA. Armstrong punched out 26.1% of his opponents, though his 10.3% swinging-strike rate and 23.3% opponents’ chase rate don’t necessarily support a return to that level of bat-missing. The right-hander’s 7% walk rate was also strong, however, and opponents averaged just 88 mph off the bat against him with a paltry 34.2% hard-hit rate.

Armstrong has had a tumultuous career in terms of year-to-year results. He’s pitched at least eight MLB frames in each of the past 11 seasons but has had trouble sticking in one spot and repeating his best seasons. His ERA marks fluctuate wildly on a year-to-year basis, but in the aggregate, Armstrong has been a quality big league reliever. In 421 1/3 frames, the former 18th-round pick has turned in a 3.82 ERA with a 24.3% strikeout rate and 7.8% walk rate. That includes a 2.94 ERA over the past three seasons, though that’s broken down in the form of a 1.83 ERA in 2023, a 4.86 mark in 2024 and this past season’s 2.31 level.

In terms of velocity, Armstrong topped out with a 95.3 mph average fastball back in 2022. He was down to 93.5 mph in 2025, but that mark was slightly better than last year’s 93.3 mph mark. As with his run-prevention numbers, Armstrong’s velocity readings have oscillated over the years. He complements his four-seamer with a cutter, sinker and slider, using the four at similar clips (between 23.4% and 29.1%).

The Rangers entered the 2024-25 offseason in desperate need of a bullpen overhaul. They achieved that goal almost exclusively via one-year deals in free agency. Beyond trading Nathaniel Lowe for Robert Garcia, Texas signed Armstrong, Chris Martin, Hoby Milner, Luke Jackson and Jacob Webb to one-year contracts. All of those deals, other than Jackson, paid off handsomely. It was an impressive run of bargain-level success stories, but because Texas operated primarily in the one-year deal bin, the Rangers watched nearly their entire bullpen hit free agency this offseason. They’ll need to similarly restock the shelves this offseason, and replicating that level of success will be a tall order.

Whether Texas will shell out the type of money necessary to retain Armstrong at peak value is entirely unclear. The Rangers haven’t been shy about the fact that payroll is going down. They already traded the final three seasons of Marcus Semien’s contract for five years of Brandon Nimmo, who has a lighter annual luxury-tax hit. Nimmo said he only agreed to waive his no-trade clause with the Mets after talking to Rangers president of baseball ops Chris Young and being assured that Texas is not heading into a rebuild. Be that as it may, the Rangers are spending less.

Wilson speculates that if Armstrong is seeking a two-year deal similar to the one signed by former Rangers bullpen-mate Phil Maton — the Rangers added Maton and Danny Coulombe at the trade deadline — that might be too steep. Maton landed two years and a total of $14.5MM with the Cubs. He adds that both Milner and Coulombe live in the area and thus might be more amenable to signing back in Texas at slightly on affordable deals.

Trade Rumors Front Office Subscriber Chat Transcript

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Steve Adams

  • Good afternoon! Hope everyone enjoyed the holiday. I'll get going at 3pm CT today, but as always, feel free to send in some questions in advance if you prefer!
  • Hey there! We'll get started a few minutes early today

JeDi Mind trick

  • Is Tatis really available? What kind of package from the M’s would it take?

Steve Adams

  • Tatis isn't going to be moved, no. The Padres have payroll concerns, but the idea of them trading Tatis isn't really rooted in much more than wishcasting.Plus, he still has nine years and $286MM to go on his contract. Moving a contract of that size and lining up on younger talent going back to San Diego would be an immense undertaking. And I don't know that the Mariners are looking to add another $250MM+ outfielder alongside Julio.

Next Rangers moves?

  • What are the chances of the Rangers signing Luis Arraez for 3B and getting either Yates or Robertson back to close?

Steve Adams

  • I have seen fans -- Rangers, in particular -- suggest Arraez at second base and third base. I cannot fathom a team playing him regularly at third base, and second is only moderately more likely. If you sign Arraez, just play him at first base.I also doubt Texas is spending that type of one-year money on a reliever, though I suppose maybe Robertson's price isn't all that high after a so-so run in his return to Philly

Cody Ponce should sign with...

  • Plenty of teams need pitching. Cody Ponce is a very interesting name for a variety of teams; especially those that would be more comfortable with handing out shorter term contracts to starters. Given that Ponce appears in line for a contract worth $10M to $14M a year over 3 or 4 years, which teams do you see as being the most aggressive/better fits for him?I could see the Brewers, Orioles, and Giants being the most aggressive for him due to need and cost.

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Latest On Cody Ponce

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Right-hander Cody Ponce left South Korea this past weekend to travel back to the United States, per a report from Bae Young-Uen of the Korea JoongAng Daily. Ponce and his wife welcomed a daughter in early November and had been planning to remain in South Korea through the end of the year as a result, but interest in the right-hander has picked up enough that he’s traveling back to North America earlier than anticipated (presumably for some in-person meetings).

Interest in the 6’6″ righty indeed appears strong. Ken Rosenthal and Katie Woo of The Athletic reported this morning that Ponce could more than double the $15MM guarantee secured by Erick Fedde in his return to Major League Baseball from the Korea Baseball Organization two offseasons ago. Clubs are generally expecting Ponce to command a three-year contract, per The Athletic report. Fedde’s $15MM guarantee is the largest a North American pitcher has received upon returning from the KBO, so doubling that (or more) would establish a new precedent.

Topping $30MM would be fairly sizable risk on a 31-year-old (32 in April) who hasn’t pitched in the majors since 2021 and has never had much big league success. Ponce, however, was recently named the KBO MVP after a historically dominant season. Pitching to a 1.89 ERA in 180 2/3 innings with the Hanwha Eagles, Ponce set the single-season strikeout record (252) and the single-game strikeout record (18) in South Korea’s top league. He fanned a comical 36.2% of his opponents with a mammoth 16.5% swinging-strike rate and just a 5.9% walk rate.

Back in 2020-21, Ponce threw 55 1/3 innings for the Pirates, who’d acquired him from the division-rival Brewers. The former second-round pick was roughed up for a 5.86 ERA in 55 1/3 innings and struck out only 19.6% of his opponents.

Things have changed for Ponce since that first MLB run. He’s spent three years pitching in Japan and a fourth (2025) in Korea. The 255-pound righty has added substantial velocity, jumping from a 93.2 mph average fastball with the Pirates to what The Athletic’s Eno Sarris suggests was a 95 mph average with the Eagles.

Evaluators who spoke to MLBTR last month ahead of our Top 50 Free Agent List (where Ponce ranked 39th) offered similar reviews, noting that he sat 94-96 mph and topped out at 98 mph. Ponce has also added a splitter and kick changeup that have missed bats. A scout who spoke to MLBTR brought Ponce up unprompted when discussing other free agents from Japan’s NPB and the KBO, opining that he might top $20MM. That was before free agency opened in earnest.

If there was any doubt about Ponce’s looming return to MLB, the Eagles’ actions since season’s end likely erase that. The JoongAng Daily report indicates that Hanwha has already effectively replaced Ponce by signing 26-year-old righty Wilkel Hernandez, who spent the past several seasons pitching with the Tigers’ Triple-A club. If the Eagles felt there was any chance of retaining their ace and reigning MVP, they’d surely have waited, as KBO teams are restricted on the number of foreign players they can roster.

Rays Hire Brandon Hyde As Senior Advisor To Baseball Operations

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Dec. 1: The Rays announced Monday that Hyde has joined the organization as a senior advisor to the baseball operations department.

Nov. 26: Former Orioles skipper Brandon Hyde is in talks with the Rays about taking a position within the organization, reports Robert Murray of Fansided. The two parties have been discussing a senior advisor role that would see Hyde work with both the major league club and various minor league affiliates, Marc Topkin of the Tampa Bay Times adds. Murray indicates that while an agreement has not yet been finalized, Hyde is expected to end up working for the Rays for the upcoming season.

Hyde, 52, managed the Orioles from 2019-25. In his seven seasons with Baltimore, his clubs produced a 421-491 record. Judging any manager based on wins and losses alone is a frivolous endeavor, though, and that’s especially true of Hyde, whose first season in Baltimore coincided with a complete teardown and rebuild of the organization. Following the 2018 season, the Orioles dismissed general manager Dan Duquette, hiring current president of baseball operations Mike Elias in his place. Elias installed Hyde as his new skipper but also gutted the roster and spent several seasons tanking while working to rebuild the farm system and modernize the infrastructure of the organization.

Hyde oversaw winning teams each season from 2022-24 and was named 2023 AL Manager of the Year after the O’s won the American League East and piled up 101 victories. The Orioles went to the postseason in both 2023 and 2024 but were swept out of the playoffs both times — first in the ALDS by the eventual World Series champion Rangers and next by the Royals in the 2024 Wild Card round of play.

The Orioles entered 2025 with big expectations but floundered out of the gates thanks to a clear lack of starting pitching and a lineup that wasn’t performing as expected. By mid-May, the 15-28 Orioles had seen their season already slip away. Hyde was dismissed from his managerial post and replaced by third base coach Tony Mansolino on an interim basis.

Prior to his time at the helm in Baltimore, Hyde was a bench coach and first base coach with the Cubs. Before that, he spent two seasons as the Marlins’ bench coach plus several years as a manager, hitting coach and field coordinator in Miami’s minor league ranks. A catcher and first baseman in his playing days, Hyde also spent four years playing in the White Sox’ system before moving onto the coaching and managerial phase of his career.

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