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MLB Mailbag: Cubs, Padres, Reds, Cardinals, Stroman, Hoffman

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This week's mailbag gets into the Cubs' remaining payroll space, how MLBTR's arbitration projections came to be, what the Padres, Reds, and Rangers might do, possible fits for Marcus Stroman, the Jeff Hoffman situation, what the Cardinals could get for Erick Fedde or Ryan Helsley, and much more.

Walter asks:

With roughly $45 million left until the bottom threshold, how do you see Jed Hoyer spending it? Do you think he is being handcuffed because he is in the last year of his contract?

No, I can't see the Ricketts family putting boundaries on Hoyer because of his lame-duck status.  According to RosterResource, the Cubs' CBT payroll sits at $198MM, which indeed puts them $43MM shy of the first threshold.  I'm not convinced Hoyer will spend all of that, but he figures to spend a good portion.

The Cubs waited out Cody Bellinger until late February last year to get the short-term deal they craved.  It's not hard to see the Cubs being opportunistic on Alex Bregman, Jack Flaherty, or Nick Pivetta should they move into short-term deal territory.  The Cubs giving $5MM to Colin Rea probably reduces the odds of pursuing another starting pitcher, however.

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The Past, Present, And Future Of Sports Investments (Sponsored)

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The following is a sponsored post from Finlete.

For as long as anyone can remember, sports fans have sought to grow closer to the games, teams, and players they so passionately support, investing everything from their time to their emotions to their money. From Duke University students camping out in tents to get prime seats, to baseball fans buying up rookie card stacks, to football fans purchasing real stakes in Real Madrid CF and the Green Bay Packers. Of course the internet and smartphones changed the game, with fantasy sports’ popularity exploding about 20 years ago and sports betting exploding over the last 10 years.

Today, how we spend money on sports continues to rapidly evolve, including the ability to invest in athletes’ careers in exchange for a piece of their future earnings. It’s a corner of the sports world that’s starting to make some serious noise and sports investment platform Finlete is a key player.

In 2024, Finlete bookended the year by giving fans the opportunity to invest in the careers of MLB prospects Echedry Vargas and Leonardo Bernal.

Vargas, ranked #16 in the Miami Marlins system (source MLB.com), is a Dominican middle infielder who boasts an aggressive approach and an impressive power-speed combo that ultimately made him a key piece in Miami’s return for Jake Burger this winter. Bernal, the most recent athlete to join Finlete, plies his trade behind the dish as the #9 prospect in St. Louis’ system (source MLB.com) with a keen eye, strong arm, and lots of loud contact.

For potential investors who may lean more mainstream, 3-time AL All-Star Emmanuel Clase became the first Major Leaguer to sign with Finlete in the middle of his historic season and give his legion of fans a shot to join his journey financially. As far as big name investing goes, it doesn’t get much bigger than a certified Cy Young candidate in the prime of his career.

With a growing slate of professional athletes set to be announced in 2025, Finlete is evolving quickly and building upon the foundation set by some pioneers in the sports investment world.

Fantex, which operated from 2012-2016 and allowed fans to buy and sell securities tied to athletes’ contracts, is a great example of being ahead of your time. Fans were able to invest in the careers of Vernon Davis, Alshon Jeffery, and other NFL players, but this was before the tidal waves of crowdfunding and alternative investments rolled in.

Since then, investing in athletes’ careers has been dominated by private hedge funds such as Big League Advance (BLA) and X10 – the former founded by an ex-MLB player and the latter founded by ex-Fantex execs. Not everyone is eligible to invest in a hedge fund and even those who qualify may not have access. It’s exclusive and restrictive. That’s where new companies like Finlete come in, applying lessons learned from Fantex while democratizing access to the kind of investing BLA and X10 have been doing over the last 5-10 years.

For example, BLA successfully signed several future MLB All-Stars including Elly De La Cruz, Jazz Chisholm Jr., and Fernando Tatis Jr. in the early days of their professional baseball careers, well before they became household names.

The model is simple: Pay prospects an upfront payment in exchange for a percentage of their potential future MLB earnings.

For the athlete, it’s cash now for cash later. It’s giving up a small piece of their potential upside in exchange for more security now. And it’s risk-free in the sense that it’s not a loan, the athlete only owes the investor money if they make it to the big leagues and even then it’s only a small percentage of their MLB salary. The cash up front also helps increase their chances of making it pro.

Elly De La Cruz is a prototypical example. He signed with the Cincinnati Reds in 2018 for $65,000, a fairly small account considering these signing bonuses range from $10,000 to over $9 million. The additional funds from BLA allowed him to supplement that signing bonus and his meager Minor League Baseball (MiLB) salary, which helped him cover basic expenses, finance his training, support his family, and better prepare himself for the grind of the long seasons ahead. The funds often also mean the player can focus on baseball year-round instead of needing to work another job in the offseason.

On the other side of the deal, BLA received a percentage of Elly’s potential future MLB salary. Whereas the player risks losing some upside by having to give up a piece of their earnings if they make it in the big leagues, the investor – BLA in this case – risks loss of capital, as it’s an investment, not a loan, and there’s no guarantee MiLB players will make it to or stick around at the MLB level.

Finlete believes athletes signing these deals with hedge funds is a missed opportunity though. By signing with Finlete instead, athletes can let people from all walks of life be the investors and in so doing build a strong following of extremely dedicated fans. By linking athletes and fans financially, Finlete is taking fan engagement to the next level, as the fans the athletes garner through Finlete will remain fans of theirs for their entire careers, regardless of what team they play for.

While having disposable income always makes investing easier, acquiring a financial stake in a real athlete’s career is exceedingly accessible for the general public. Finlete investors, for example, are able to invest for as little as $300. Bonus shares on the platform are also available for investments of $1,000 or more.

This is a lot like the fractional investment opportunities that have taken shape in other industries. Want to invest in art? Try Masterworks. Real estate? Go with Fundrise or Happy Nest. Tech startups? Look at Wefunder or Republic. The common denominator is that it’s easier than ever to invest in whatever piques your interest. The question now is – what comes next?

For those who choose Finlete, the answer is more. More athletes, more experiences, more perks, more ways to engage with athletes, and ultimately more opportunities to combine a love of the game with real investing. The future of sports investment is here and it’s an exciting outlook for 2025.

MLB Mailbag: Lux, Giants, Orioles, Rockies, Blue Jays

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Today's mailbag gets into the Gavin Lux trade, the Yankees' infield, the Giants' ability to add a bat, how the Orioles could trade for a top starter, what a Blake Street Bombers Part 2 lineup could look like for the Rockies, why some free agents don't sign in Toronto, why the Astros aren't getting more flak for trading Kyle Tucker, and more.

Kyle asks:

What's your take on the Lux trade to Cincinnati? As a Mariners fan I'm a bit irked they wouldn't beat the Reds offer (M's have comp A pick #33, Reds traded #37 and a prospect for Lux). Are the M's being too risk averse?

Leonard asks:

I heard on MLB TV that the Reds really like Gavin Lux’s versatility to play multiple positions. Isn’t that one of the reasons the Dodgers traded him? (Besides the surplus of middle infielders). Lux is an average 2B. He couldn’t make the throws from SS. He didn’t show that he could play 3B or the OF well enough, either. Comments?

Jeff asks:

After the Gavin Lux trade, how much playing time do you think Noelvi Marte gets this year?

Dante asks:

Do you think the Lux trade for the Reds was in anticipation of another move, something like a trade from infield depth for Luis Robert? I understand the desire to add good players, but they do seem to have stockpiled a lot of infielders, and the team seems to need some pop in the middle of the lineup.

Elliott asks:

After the Gavin Lux acquisition, who is the best fit for the Reds' next move? Probably a right-handed hitting outfielder at this point?

Colin asks:

I have always liked Gavin Lux although he has not yet developed into the star he was projected to be. That said, I wonder if the trade clears the way for Mookie Betts to return to his more natural position of second base with Rojas and Kim splitting duty at shortstop? I would note too that it clears a roster spot for Sasaki, if they are fortunate enough to sign him. Your thoughts?

Jason asks:

What do you make of the Gavin Lux trade? Did the Dodgers have enough of him or did they like Alex Freeland enough to platoon with Kim?

Lux is a 27-year-old platoon second baseman.  He saved his season with a hot streak that I'd say ran from July 11th through September 4th.  In that period, Lux posted a huge 181 wRC+ in 161 plate appearances.  He then posted a 80 wRC+ in 62 plate appearances for the rest of the regular season, adding another 43 postseason PA with a .177/.286/.294 line.

Prior to his eight-week hot streak, Lux was one of the ten worst-hitting regular position players in baseball over a span of 264 plate appearances.  On the season, Lux was heavily shielded against left-handed pitching, facing southpaws only 10.3% of the time.  That's for good reason - he posted an absymal 17 wRC+ against lefties in those 50 PA.

In comments on MLB.com, Reds president of baseball operations Nick Krall pointed to this October 4th article from Jay Jaffe of FanGraphs to help explain Lux's second half efforts to swing harder and do more damage.  Lux's changes were real; he clearly started swinging harder.  You can read more about those changes in this August 8th article from Fabian Ardaya at The Athletic.

Lux has a 108 wRC+ against righties over 1,210 plate appearances in his career.  The eight-week streak isn't enough to convince me he's changed, especially since he struggled again for the last 105 PA of his season.

All that said, Lux is a 27-year-old former first rounder.  There is upside here where swinging harder leads to a 120 wRC+, he holds his own against lefties as he did in 2022, and he becomes a 4-5 WAR player and borderline star.  Maybe he can become adequate at positions than other second base, too.  I don't think the Reds are likely to get that out of him when the Dodgers couldn't, but perhaps being back in the midwest and out of the spotlight will help.

Defensively, Krall said Lux will play second base, some outfield, and DH, and the team would "give him a look" at third base and shortstop.  Lux famously had issues making the throw from shortstop; it's hard to see how third base would be any better.  He showed seventh percentile arm strength this year, probably ruling out right field.  Lux dabbled in left field as recently as 2022, so I could see him getting time there.  The idea of Lux being versatile is overstated the way it once was when Jurickson Profar couldn't find a position.  So yes, I agree with what Leonard said in his question above.

As a second baseman, Lux was slightly below-average in Statcast's OAA this year.  So I believe what the Reds have in Lux is two affordable years of a platoon second baseman who needs to be on the bench 27% of the time but is capable of a 108 wRC+ against righties.  That's a useful player.

But what if I told you there was a free agent, also controllable for two years, who would sign for $3.5MM and could pretty much do the same things as Lux, but has also demonstrated he can play third base well?

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Apply To Join The MLB Trade Rumors TikTok Team

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We are assembling a team of people to post to our new MLB Trade Rumors TikTok account.  The gig will also involve posting to YouTube Shorts.

The initial goal is to try a bunch of stuff on these platforms and see what works.  The videos we post will be related to MLB trades and free agency and the articles we post on MLBTR, but I’m open-minded as to how that will look.  The pay will be on a per-video basis.  Here’s what we’re looking for:

  • Experience using and posting to TikTok and YouTube Shorts
  • Familiarity with the different formats available on these platforms
  • Familiarity with the vibes and best/common practices on these platforms
  • Ability to shoot a video on your phone and use the tools provided by TikTok and YouTube Shorts to edit
  • Ability to create videos on the fly.  Our process will evolve, but when major news breaks, the first available team member to claim the story will be the one to create the video.
  • Creativity to come up with content ideas when there is not breaking news
  • Comfort on camera
  • Strong knowledge of MLB and hot stove concepts.  We will email a set of questions to select applicants as a test.

If you are interested in joining the MLBTR TikTok Team, please email mlbtrhelp@gmail.com and explain your qualifications.

MLB Mailbag: Braves, Red Sox, Cubs, Mariners, Torkelson, Alonso, Bregman

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Welcome to the first mailbag of 2025!  In this one we get into what the Braves, Red Sox, Cubs, and Mariners might do, the future of first basemen Spencer Torkelson and Pete Alonso, outfield options for the Astros, various Alex Bregman destinations, and much more.

John asks:

Braves fan here wondering if the Braves will re-sign AJ Minter?

Bill asks:

With market choices dwindling whom might Atlanta pursue in the pitcher/outfield categories? Or will they rely on young pitching hopes and current outfield options?

Phillip asks:

What do you see the Atlanta Braves doing? We need another outfielder, starting pitcher, and 2 relief pitchers. Are we going to be thrifty or are we going for quality?

Bruce asks:

Can you predict what the usually unpredictable Alex Anthopolous will acquire to play LF and SS and SP down the 2025 Atlanta Braves?

In attempting to guess how the rest of the Braves' offseason will go, it may be helpful to first project their payroll.  President of baseball operations and GM Alex Anthopoulos said in October payroll would be going up.

The Braves' actions thus far this offseason do not match those of a team planning to increase payroll: declining Travis d'Arnaud's option, dumping Jorge Soler, moving money around with the Reynaldo Lopez and Aaron Bummer extensions (though not in a way that helps their CBT payroll), non-tendering Ramon Laureano, and most importantly, failing to sign any notable free agents.  It's also true that Anthopoulos' October comments came before the Braves learned more information about the timelines of Ronald Acuña Jr., Spencer Strider, and Joe Jimenez.  I could see how that would affect payroll allocation, but not why it would affect the total payroll.

The Braves appear to have a $220MM CBT payroll at present, and on December 11th David O'Brien of The Athletic wrote that the Braves "don’t seem inclined to go too far above that $241 million [luxury tax] threshold."  That's after running a $276MM CBT payroll in 2024.  Perhaps in his October "payroll is going up" comments, Anthopoulos was threading a needle where the team's 26-man Opening Day actual payroll will increase, but their CBT payroll will not.  Last year's Opening Day actual payroll was $222MM and the team is at $197MM at present.  It's also likely the team would like to keep powder dry for midseason additions.

Given O'Brien's comment, we probably shouldn't project much more than $25MM in additional AAV to be added this offseason.  The second tax threshold of $261MM could be a ceiling on the CBT payroll.  So how might Anthopoulos improve the team with many major names now off the board?

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Marc Narducci: My Hall Of Fame Ballot

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Marc Narducci spent 37 years covering all sports for The Philadelphia Inquirer before retiring in July 2021. He covered everything from high school sports to the Phillies winning the World Series and the Eagles winning the Super Bowl. A lifelong southern New Jersey resident, he remains a freelance writer and broadcaster. Once again, Marc reached out to see if MLB Trade Rumors would be interested in publishing his Hall of Fame ballot. I am happy to do it and hope it can be an interesting topic of debate for our readers. Here’s Marc…

It’s always an honor to be published by MLBTradeRumors.com, among the most respected baseball publications around. For those who haven’t read the previous years, just a little housekeeping. I don’t vote for those associated with steroids, which means Alex Rodriguez and Manny Ramirez, don’t receive my vote.

I have also not voted for Carlos Beltran who admittedly was the mastermind of the 2017 Houston Astros sign-stealing scandal, which altered the perception of that World Series winning team. Those actions cost him his job as a manager and for now, this vote. I don’t feel all the Astros should be punished, but as stated before, that’s a story for another day.

I never criticize how a fellow voter votes. That doesn’t mean our votes aren’t subject to criticism, including mine. Each voter has to do what he or she feels is best.

And now, here is this year’s ballot, which includes five names.

The Holdovers

There are three holdovers I voted for last year and again got my vote this year.

Chase Utley

There is no question injuries slowed down Utley’s career and many feel he didn’t have the counting stats to get in, but he was a six-time All-Star and only four HOF second basemen have more home runs than Utley’s 259. Those four are Rogers Hornsby (301), Craig Biggio (291), Ryne Sandberg (282) and Joe Morgan (268). I’m big on second basemen who show great power, which is why I voted for Jeff Kent (377 career home runs) when he was on the ballot. Also, we tend to look at excellence, even if it is shorter-term. As mentioned last year, from 2005-2009, Utley’s slash line was .301/.388/535 and he averaged 29.2 home runs, 110. Runs. 101.4 RBI, 151 games and 675 plate appearances. His BWAR during that time was 7.7. Just nine HOF second basemen have a higher career B-War than Utley (64.5).

Utley won a World Series in 2008 with the Philadelphia Phillies and the next year hit five home runs in the 2009 World Series against the Yankees, tying an MLB record with Reggie Jackson in 1977 and George Springer in 2017. He was a career 275/.358/.465 hitter with an 823 OPS and 117 OPS+. Utley also won four Silver Slugger awards. Will it be enough? Last year in his first season on the ballot, Utley received 28.8% of the vote, so he has a long way to go.

Billy Wagner

This is Wagner’s 10th and final season on the ballot after coming close last year by earning 73.8% of the vote, missing by five votes. Those who don’t feel Wagner is a HOF player point to his low number of appearances and World Series statistics. Both are valid.

Wagner pitched just 903 innings. His postseason production, even though it only consisted of 11 1/3 innings over 14 appearances, was poor to say the least. He had a 10.03 ERA.

The reason for voting for Wagner was his excellence. According to the Baseball Hall of Fame, his career WHIP of 0.998 is the lowest among all retired relievers with at least 700 innings pitched, and his career 2.31 ERA is lowest among retired left-handed pitchers with at least 500 innings pitched in the live ball era. His ERA+ of 187 is second all-time to only Mariano Rivera.

According to HOF expert Jay Jaffe, Wagner’s 11.9 strikeouts per nine innings (minimum of 900 innings pitched) is the best in MLB history. There are now others ahead of him, but they have pitched fewer than 900 innings.

Wagner finished with 422 saves, second highest among left-handed relievers and eighth overall. According to MLB.com, he converted 422 of 476 save opportunities (.887).

He was a seven-time All-Star and played on teams that advanced to the postseason seven times.

David Wright

Wright falls in the Utley category of not having the counting stats due to injury. This is his second year on the ballot, and he only received 6.2 percent of the vote last year. Still, Wright was a dominant force when healthy. Wright was a seven-time All-Star during a nine-year period from 2005-2013. During that time, his slash line was .302/384/.505 with a 138 OPS+. He averaged 23 home runs, 90 runs and 93 RBI while also winning two Gold Gloves and two Silver Slugger awards. Wright finished in the Top 10 for MVP voting four times. During that nine-year period, he was among the best players not only at his position, but in baseball.

According to the Baseball HOF, Wright is one of our four third basemen in history (along with Hall of Famers George Brett, Chipper Jones and Mike Schmidt) who retired with at least 350 doubles, 200 home runs and 150 stolen bases. He ended with 390 doubles, 242 home runs and 196 stolen bases.

He was a career .296/376/.491 hitter with a 133 OPS+. Only seven HOF third baseman have a higher OPS+ than Wright. Due to injuries, he was never a full-time player past his age 31 season.

The Newcomers

CC Sabathia

This is one player who is sure to create some debate. Among his biggest selling points were his career wins (251) and winning percentage (.609) in an era where wins aren’t valued the way they used to be. He is tied for 47th all-time in career wins.

Some would use his 3.74 ERA against Sabathia, which is fair. His career ERA+ was 116, solid but not spectacular.

On the positive side, he was the ace for the three teams that he played for (Cleveland, Milwaukee and the NY Yankees) and led all three to the postseason. (Later In his career he wasn’t the best pitcher on the Yankees, but for the first five years in New York, he was the ace).

The lefthander was a six-time all-star and the 2007 Cy Young Award winner with Cleveland. He finished in the top 10 of Cy Young voting four other times. He was a workhorse, having made 30 or more starts 12 times. Sabathia helped lead the Yankees to the 2009 World Series championship during his first year with the club. During that year he was the ALCS MVP, going 2-0 with a 1.13 ERA in two starts against the Los Angeles Angels. In 10 of his 19 seasons he played on playoff teams and has a career 10-7 record and 4.28 ERA in 26 postseason games. Sabathia is one of three left-handers with at least 3,000 strikeouts. He recorded 3,093 strikeouts, which is 18th all-time.

Ichiro Suzuki

Just as Adrian Beltre was a slam-dunk first-ballot selection last year, so is Ichiro this year. He has the credentials to be a unanimous selection. Probably the best stat is that Ichiro had 200 or more hits and won a Gold Glove in each of his first 10 seasons with Seattle. In 2001 he became the second player to win both the Rookie of the Year and Most Valuable Player award in the same season. What’s more impressive is that he didn’t make his MLB debut until the age of 27. In those first 10 seasons, he his slash line was .331/.376/.430. Before coming to play with the Seattle Mariners, he had 1,278 hits while playing in Japan. He finished with 3,089 career MLB hits and a .311/.355/.402 slash line. Ichiro won two batting tiles when he hit .350 in 2001 and .372 in 2004. He also stole 509 bases in 626 attempts (83%) in his career and was a 10-time All-Star, all coming in his first 10 seasons. In 86 postseason plate appearances, he hit .346/.400/.436. Mainly a right-fielder, Ichiro played 1,970 career games in right, 322 in center and 117 in left. He also had great durability, playing 150 or more games 13 times and 160 or more on nine occasions.

The Largest Contracts In MLB History

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Below is our list of the 24 largest contracts in MLB history.  Please note that if a player was already under contract and signed an extension, only the new money counts.

1. Juan Soto, Mets: 15 years, $765MM.  Free agent contract signed December 2024

2. Shohei Ohtani, Dodgers: 10 years, $700MM.  Free agent contract signed December 2023.  97.1% of the total is deferred and will be paid from 2034-43.  For luxury tax purposes, MLB calculated the value of the contract to be $460,767,685.  The MLBPA’s calculation is $437,830,563.

3. Vladimir Guerrero Jr., Blue Jays: 14 years, $500MM.  Extension signed April 2025

4. Mookie Betts, Dodgers: 12 years, $365MM.  Extension signed July 2020.  Present-day value due to deferrals: $306,657,882

t-5. Mike Trout, Angels: 10 years, $360MM.  Extension signed March 2019

t-5.  Aaron Judge, Yankees: 9 years, $360MM.  Free agent contract signed December 2022

7.  Francisco Lindor, Mets: 10 years, $341MM.  Extension signed March 2021.  Present-day value due to deferrals: $332,394,479

8.  Fernando Tatis Jr., Padres: 14 years, $340MM.  Extension signed February 2021

9.  Bryce Harper, Phillies: 13 years, $330MM.  Free agent contract signed March 2019

t-10.  Yoshinobu Yamamoto, Dodgers: 12 years, $325MM.  Free agent contract signed December 2023

t-10.  Corey Seager, Rangers: 10 years, $325MM.  Free agent contract signed November 2021

t-10. Giancarlo Stanton, Marlins: 13 years, $325MM.  Extension signed November 2014

13. Gerrit Cole, Yankees: 9 years, $324MM.  Free agent contract signed December 2019

14.  Rafael Devers, Red Sox: 10 years, $313.5MM.  Extension signed January 2023

t-15.  Manny Machado, Padres: 10 years, $300MM.  Free agent contract signed February 2019

t-15.  Trea Turner, Phillies: 11 years, $300MM.  Free agent contract signed December 2022

17.  Bobby Witt Jr., Royals: 11 years, $288,777,777.  Extension signed February 2024

18.  Xander Bogaerts, Padres: 11 years, $280MM.  Free agent contract signed December 2022

19.  Alex Rodriguez, Yankees: 10 years, $275MM.  Free agent contract signed December 2007

20.  Alex Rodriguez, Rangers: 10 years, $252MM.  Free agent contract signed December 2000

21. Miguel Cabrera, Tigers: 8 years, $248MM.  Extension signed March 2014

t-22. Stephen Strasburg, Nationals: 7 years, $245MM.  Free agent contract signed December 2019.  Present-day value due to deferrals: $228.9MM

t-22.  Anthony Rendon, Angels: 7 years, $245MM.  Free agent contract signed December 2019

t-24.  Albert Pujols, Angels: 10 years, $240MM.  Free agent contract signed December 2011

t-24.  Robinson Cano, Mariners: 10 years, $240MM.  Free agent contract signed December 2013

The Largest MLB Contracts By AAV

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Below is our list of the 32 largest contracts in MLB history by average annual value (AAV). Please note that if a player was already under contract and signed an extension, only the new money counts.  For our list of the largest contracts in total dollars, click here.

1.  Shohei Ohtani, Dodgers: $70,000,000.  Free agent contract signed December 2023.  97.1% of the total is deferred from 2034-43.  As a result, for luxury tax purposes, MLB calculated the AAV at $46.06MM.  The MLBPA calculated the AAV at $43,783,056.30.

2.  Juan Soto, Mets: $51,000,000.  Free agent contract signed December 2024.  Given the lack of deferred money, this should be treated as the true AAV record.

3.  Max Scherzer, Mets: $43,333,333.33.  Free agent contract signed November 2021

4.  Justin Verlander, Mets: $43,330,000.  Free agent contract signed December 2022

5.  Zack Wheeler, Phillies: $42,000,000.  Extension signed March 2024

t-6.  Aaron Judge, Yankees: $40,000,000.  Free agent contract signed December 2022

t-6. Alex Bregman, Red Sox: $40,000,000.  Free agent contract signed February 2025.  Considering deferrals, the AAV is considered $31.7MM for CBT purposes.

8.  Jacob deGrom, Rangers: $37,000,000.  Free agent contract signed December 2022

9.  Blake Snell, Dodgers: $36,400,000.  Free agent contract signed November 2024.  Considering deferrals, the MLBPA calculated the AAV as $31,735,498

t-10.  Mike Trout, Angels: $36,000,000.  Extension signed March 2019

t-10.  Gerrit Cole, Yankees: $36,000,000.  Free agent contract signed December 2019

12.  Vladimir Guerrero Jr., Blue Jays: $35,714,285.71.  Extension signed April 2025

13.  Carlos Correa, Twins: $35,100,000.  Free agent contract signed March 2022

t-14.  Stephen Strasburg, Nationals: $35,000,000.  Free agent contract signed December 2019

t-14.  Anthony Rendon, Angels: $35,000,000.  Free agent contract signed December 2019

t-14.  Corbin Burnes, Diamondbacks: $35,000,000.  Free agent contract signed December 2024

17.  Zack Greinke, Diamondbacks: $34,416,667.  Free agent contract signed December 2015

18.  Francisco Lindor, Mets: $34.1MM.  Extension signed March 2021

19.  Trevor Bauer, Dodgers: $34,000,000.  Free agent contract signed February 2021

20.  Nolan Arenado, Rockies: $33,428,571.  Extension signed February 2019

21.  Carlos Correa, Twins: $33,333,333.33.  Free agent contract signed January 2023

22.  Justin Verlander, Astros: $33,000,000.  Extension signed March 2019

23.  Corey Seager, Rangers: $32,500,000.  Free agent contract signed November 2021

24.  Rafael Devers, Red Sox: $31,350,000.  Extension signed January 2023

t-25.  Blake Snell, Giants: $31,000,000.  Free agent contract signed March 2024.  Considering deferrals, the MLBPA calculated the AAV as $29,698,347

t-25.  Miguel Cabrera, Tigers: $31,000,000.  Extension signed March 2014

t-25.  David Price, Red Sox: $31,000,000.  Free agent contract signed December 2015

t-25.  Clayton Kershaw, Dodgers: $31,000,000.  Extension signed November 2018

29.  Clayton Kershaw, Dodgers: $30,714,286.  Extension signed January 2014

30.  Mookie Betts, Dodgers: $30,416,667.  Extension signed July 2020

31.  Jacob deGrom, Mets: $30,125,000.  Extension signed March 2019

t-32.  Manny Machado, Padres: $30,000,000.  Free agent contract signed February 2019

t-32.  Max Scherzer, Nationals: $30,000,000.  Free agent contract signed January 2015.  Counted as $28,689,376 for purposes of luxury tax.

Largest Contract In Franchise History For Each MLB Team

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Here’s our list of the largest contract each of the 30 MLB teams has ever signed. Each contract is linked to its MLBTR post, with the exception of those that predate the site’s existence.  The amounts denote the amount of new money guaranteed to the player, which is why they might differ from what you’ve seen in public reports.

2025-26 MLB Free Agents

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The following players project to become free agents after the 2025 season.  We’ve providing this list for those who would like to look ahead to the free agent market one year from now.  For the list of current free agents, click here.

Updated 6-29-25

Catchers

Austin Barnes (36)
Tucker Barnhart (35)
Christian Bethancourt (34)
Victor Caratini (32)
Curt Casali (37)
Elias Diaz (35) – $7MM mutual option with a $2MM buyout
Austin Hedges (33)
Danny Jansen (31) – $12MM mutual option with a $500K buyout
Luke Maile (35)
Martin Maldonado (39)
James McCann (36)
Tom Murphy (35) – $4MM club option with a $250K buyout
Omar Narvaez (34)
Tomas Nido (32)
Salvador Perez (36) – $13.5MM club option with a $2MM buyout
J.T. Realmuto (35)
Gary Sanchez (33)
Jacob Stallings (36) – $2MM mutual option with a $500K buyout
Max Stassi (35)
Christian Vazquez (35)

First Basemen

Pete Alonso (31) – can opt out of remaining one year and $24MM
Luis Arraez (29)
Josh Bell (33)
Garrett Cooper (35)
J.D. Davis (33)
Yandy Diaz (34) – $12MM club option (no buyout)
Wilmer Flores (34)
Ty France (31)
Joey Gallo (32)
Paul Goldschmidt (38)
Yuli Gurriel (42)
Rhys Hoskins (33) – $18MM mutual option with a $4MM buyout
Josh Naylor (29)
Ryan O’Hearn (32)
Salvador Perez (36) – $13.5MM club option with a $2MM buyout
Carlos Santana (40)
Dominic Smith (31)
Rowdy Tellez (31)
Justin Turner (41) – $10MM mutual option with a $2MM buyout
LaMonte Wade Jr. (32)

Second Basemen

Ozzie Albies (29) – $7MM club option with a $4MM buyout
Cavan Biggio (31)
Brandon Drury (33)
Kyle Farmer (34) – $4MM mutual option with a $750K buyout
Adam Frazier (34)
Jose Iglesias (36)
Nicky Lopez (31)
Brandon Lowe (31) – $11.5MM club option with a $500K buyout
Jorge Mateo (31)
Jorge Polanco (32) – $8MM mutual option with a $750K buyout (converts to a $6MM player option at 450 plate appearances)
Luis Rengifo (29)
Brendan Rodgers (29)
Amed Rosario (30)
Gleyber Torres (29)

Shortstops

Nick Ahmed (36)
Tim Anderson (33)
Orlando Arcia (31) – $2MM club option with a $1MM buyout
Bo Bichette (28)
Willi Castro (29)
Ha-Seong Kim (30) – can opt out of remaining one year and $16MM
Isiah Kiner-Falefa (31)
Dylan Moore (33)
Kevin Newman (32) – $2.5MM club option with a $250K buyout
Miguel Rojas (37)
Trevor Story (33) – can opt out of remaining two years and $55MM

Third Basemen

Jon Berti (36)
Alex Bregman (32) – can opt out
Paul DeJong (32)
Enrique Hernandez (34)
Yoan Moncada (31)
Max Muncy (35) – $10MM club option
Luis Rengifo (29)
Donovan Solano (38)
Eugenio Suarez (34)
Luis Urias (29)
Gio Urshela (34)
Ildemaro Vargas (34)
Tyler Wade (31) – $1MM club option with no buyout

Left Fielders

Miguel Andujar (31)
Mark Canha (37)
Michael Conforto (33)
Lourdes Gurriel Jr. (32) – $18MM player option
Austin Hays (30) – $12MM mutual option with a $1MM buyout
Tyler O’Neill (31) – can opt out
Tommy Pham (38)
Rob Refsnyder (35)
Eddie Rosario (34)
Chris Taylor (35) – $12MM club option with a $4MM buyout
Alex Verdugo (30)
Jesse Winker (32)

Center Fielders

Harrison Bader (32) – $10MM mutual option with a $1.5MM buyout
Trent Grisham (29)
Garrett Hampson (31)
Travis Jankowski (35)
Manuel Margot (31)
Cedric Mullins (31)
Kevin Pillar (37)
Luis Robert Jr. (28) – $20MM club option with a $2MM buyout
Michael A. Taylor (35)

Right Fielders

Cody Bellinger (30) – $25MM player option with a $5MM buyout
Adam Frazier (34)
Ben Gamel (34)
Randal Grichuk (34) – $5MM mutual option with a $3MM buyout
Mitch Haniger (35)
Jason Heyward (36)
Max Kepler (33)
Ramon Laureano (31) – $6.5MM club option
Starling Marte (37)
Tyler O’Neill (31) – can opt out
Hunter Renfroe (34)
Austin Slater (33)
Lane Thomas (30)
Kyle Tucker (29)
Mike Yastrzemski (35)

Designated Hitters

Mitch Garver (35) – $12MM mutual option with a $1MM buyout
Rhys Hoskins (33) – $18MM mutual option with a $4MM buyout
Eloy Jimenez (29)
Andrew McCutchen (39)
Ryan O’Hearn (32)
Marcell Ozuna (35)
Joc Pederson (34) – can opt out
Kyle Schwarber (33)
Justin Turner (41) – $10MM mutual option with a $2MM buyout
Jesse Winker (32)

Starting Pitchers

Tyler Anderson (36)
Chris Bassitt (37)
Shane Bieber (31) – $16MM player option with a $4MM buyout
Paul Blackburn (32)
JT Brubaker (32)
Walker Buehler (31) – $25MM mutual option with a $3MM buyout
Griffin Canning (30)
Carlos Carrasco (39)
Dylan Cease (30)
Aaron Civale (31)
Mike Clevinger (35)
Alex Cobb (38)
Patrick Corbin (36)
Nestor Cortes (31)
Zach Eflin (32)
Erick Fedde (33)
Jack Flaherty (30) – can opt out of remaining one year, $10MM
Chris Flexen (31)
Zac Gallen (30)
Kyle Gibson (38)
Lucas Giolito (30) – $14MM club option (becomes $19MM mutual option with a $1.5MM buyout if he pitches 140 innings in 2025)
Austin Gomber (32)
Jon Gray (34)
Kyle Hart (33) – $5MM club option with a $1MM buyout
Kyle Hendricks (36)
Dakota Hudson (31)
Shota Imanaga (32) – $57MM club option for 2026-28 or $15MM player option for 2026
Jakob Junis (33)
Merrill Kelly (37)
Clayton Kershaw (38)
Michael King (31) – $15MM mutual option with a $3.75MM buyout
Zack Littell (30)
Michael Lorenzen (34) – $12MM mutual option with a $1.5MM buyout if team declines its end
Joey Lucchesi (33)
Seth Lugo (36) – $15MM player option
Kenta Maeda (38)
Tyler Mahle (31)
German Marquez (31)
Nick Martinez (35)
Steven Matz (35)
Dustin May (28)
John Means (33) – $6MM club option with no buyout
Miles Mikolas (37)
Wade Miley (39)
Frankie Montas (33) – can opt out of remaining one year and $17MM
Jordan Montgomery (33)
Charlie Morton (42)
Chris Paddack (30)
Freddy Peralta (30) – $8MM club option with no buyout
Martin Perez (35) – $10MM mutual option with a $1.5MM buyout
Cal Quantrill (31)
Jose Quintana (37) – $15MM mutual option with a $2MM buyout
Colin Rea (35) – $6MM club option with a $750K buyout
Chris Sale (37) – $18MM club option
Max Scherzer (41)
Michael Soroka (28)
Ross Stripling (36)
Marcus Stroman (35) – $18MM player option with 140 innings pitched
Ranger Suarez (30)
Tomoyuki Sugano (36)
Jose Ureña (34)
Jose Urquidy (31) – $4MM club option
Framber Valdez (32)
Justin Verlander (43)
Brandon Woodruff (32) – $20MM mutual option with a $10MM buyout

Right-Handed Relievers

Austin Adams (35)
Tejay Antone (32)
Shawn Armstrong (35)
Scott Barlow (33) – $6.5MM club option with a $1MM buyout
Ryan Brasier (38)
John Brebbia (36) – $4MM club option with a $500K buyout
JT Chargois (35)
Jesse Chavez (42)
Chris Devenski (35)
Edwin Diaz (32) – $18.5MM player option
Seranthony Dominguez (31)
Pete Fairbanks (32) – $7MM club option with a $1MM buyout
Buck Farmer (35)
Kyle Finnegan (34)
Dylan Floro (35)
Giovanny Gallegos (34)
Luis Garcia (39)
Kendall Graveman (35) – $5MM mutual option with a $100K buyout
Chad Green (35)
Hunter Harvey (31)
Andrew Heaney (35)
Ryan Helsley (31)
Liam Hendriks (36) – $12MM mutual option with a $2MM buyout
Adrian Houser (33)
Raisel Iglesias (36)
Luke Jackson (32)
Kenley Jansen (38)
Pierce Johnson (35) – $7MM club option with a $250K buyout
Jakob Junis (33)
Tommy Kahnle (35)
Brad Keller (30)
Craig Kimbrel (38)
Tyler Kinley (35) – $5MM club option with a $750K buyout
Andrew Kittredge (36) – $9MM club option with a $1MM buyout
Michael Kopech (30)
Chad Kuhl (33)
Derek Law (35)
Jose Leclerc (32)
Jonathan Loaisiga (31) – $5MM club option with no buyout
Jorge Lopez (33)
Chris Martin (40)
Nick Martinez (35)
Phil Maton (33)
Scott McGough (36)
Shelby Miller (35)
Andres Muñoz (27) – $6MM club option
Hector Neris (37)
Adam Ottavino (40)
Emilio Pagan (35)
Ryan Pressly (37)
Tanner Rainey (33)
Erasmo Ramirez (36)
Trevor Richards (33)
Tyler Rogers (35)
Jordan Romano (33)
Joe Ross (33)
Paul Sewald (36) – $10MM mutual option with a $1MM buyout
Lucas Sims (32)
Burch Smith (36)
Drew Smith (32) – $2MM club option
Ryne Stanek (34)
Josh Staumont (32)
Chris Stratton (35)
Hunter Strickland (37)
Robert Suarez (35) – two-year, $16MM player option for 2026-27
Erik Swanson (32)
Lou Trivino (34)
Jose Ureña (34)
Luke Weaver (32)
Devin Williams (31)
Kirby Yates (39)

Left-Handed Relievers

Scott Alexander (36)
Tyler Alexander (31)
Jose Alvarado (31) – $9MM club option with a $500K buyout
Jalen Beeks (32)
Genesis Cabrera (29)
Andrew Chafin (36)
Aroldis Chapman (38)
Danny Coulombe (36)
Jake Diekman (39)
Caleb Ferguson (29)
Tim Hill (36) – $3MM club option with a $350K buyout
Tim Mayza (34)
T.J. McFarland (37)
Hoby Milner (35)
A.J. Minter (32) – can opt out
Matt Moore (37)
Wandy Peralta (34) – $4.45MM player option
Colin Poche (32)
Taylor Rogers (35)
Gregory Soto (31)
Matt Strahm (34) – $4.5MM club option
Brent Suter (36) – $3MM club option with a $250K buyout
Caleb Thielbar (39)
Justin Wilson (38)
Ryan Yarbrough (34)

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