Steve Adams
- Greetings! Sorry for the abnormal Thursday FO chat and the suddenness of it. Just being a bit proactive since I may have some conflicts arise tomorrow and I want to be sure I get this week's second FO chat in!This will be in lieu of the standard Friday afternoon chat -- sorry if that causes anyone to miss it, but hey, maybe we get some folks who can't make our usual Mon/Fri ones in here.
I'll get going at 3pm CT today, but feel free to submit questions in advance, as always. We should be back on our usual Mon/Fri schedule next week.
- Hello!
- Let's get going
Michael
- Why don’t the Yankees or other teams chose not to offer deferred money in contracts? Sure works for the Dodgers.
Steve Adams
- In short ... they do! I would say the majority of teams throughout the league have leveraged deferrals. Even the Ohtani deal, the most extreme example, was a framework that was amenable to both the Blue Jays and Giants. (Not the Angels, notably)This is largely off the cuff, but here's a quick rundown of some teams' notable deferred contracts over the years...
Blue Jays (Cease, Santander), D-backs (Burnes, Ketel Marte) Royals (Sal Perez), Mets (Lindor, Devin Williams, Manaea), Reds (Homer Bailey, Nick Castellanos), Nationals (basically like every FA they've ever signed), Orioles (Chris Davis), Brewers (Yelich), Rockies/Cardinals (Arenado), Red Sox (Sale, Devers)
- I'm 100% spacing on plenty of names, but deferrals are extremely common, even if the Yankees haven't gone down that road really.
walterj23
- Cubs are rumored to be in on Gallen . How does he fit in the rotation and is it a smart investment?
Steve Adams
- Not convinced Gallen is enough of an upgrade over their in-house options to justify the price tag. If the Cubs really want another rotation splash, they should just sign Framber Valdez, who fits them better anyhow with that huge ground-ball rate in front of that Chicago infield defense.
Brewers
- We win 97 games, the most in MLB and we trade our ace. How can people say it is the Dodgers are what is wrong with baseball with a straight face.
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Front Office Subscriber Chat Transcript
Anthony Franco
- Hey everyone, hope you had a good weekend! Chat swap this week since Steve wanted off for the holiday, he'll run Friday's instead
Clad in plaid
- Is it possible that Cleveland's lack of free agent activity is because they are concerned about a lockout next spring? And if that is the case, would they keep guys like Bazzana off the 40 man roster this year so they can get another year of development in the minors during a lockout? It seems risky to waste another year of Jose Ramirez. Can they compete for a playoff birth with the current roster?
Anthony Franco
- This is the usual offseason for Cleveland. They're not going to run payrolls that allow them to do much in free agency
- Bazzana should be up pretty early in the year, though I imagine they'd like to get him a little more Triple-A work first (ideally with an early look at Brito there). They're a viable playoff team again for me but that's more about everyone in the AL Central remaining content to be the worst division in baseball for like the 15th straight season
Tough Times In Anaheim
- Jo Adell (2 years of control) and Reid Detmers (3 years of control) for Noah Cameron (5 years of control). Who says no?
Anthony Franco
- This is the rare chat proposal that I think is skewed in favor of the team that you're not a fan of
- I get the logic on both sides but I'd want more than just Cameron in this framework if I were the Angels. He's cheaper but not convinced he's a dramatically better starter than Detmers in 2026
Youkyluptus
- Is the Red Sox rotation top 5 in the sport? Who’s i n that t ier?
Anthony Franco
- Yeah I'd have them top five, probably top three. Dodgers probably most talented but obviously plenty of injury questions with them. Cincinnati's in there, Pittsburgh's has a crazy high ceiling but it requires a lot of projection on Ashcraft/Chandler to have them in that tier already
- Obviously Seattle would be a pretty popular pick for this and they are very good 1-5, depth behind that just isn't great. Toronto's really well positioned if you assume Bieber's healthy
Dan S.
- Thinking 2/40 or 3/60 with an opt-out for Gallen?
Anthony Franco
- I'd lean two in the mid-40s probably but neither of these outcomes would surprise me
- Assuming you're also putting an opt-out in the 2/40 deal. Can't see him taking a straight two-year contract
What a Mets
- Does it make sense for the Mets to offer Bellinger a Bichette-type deal- substantial overpay, but short commitment? If so, chances he accepts say 3/126 vs 5/160 from Yankees?
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Front Office Subscriber Chat Transcript
Anthony Franco
- Good afternoon, hope you're all well!
- Interesting week, let's get rolling
LFGM
- Head spinning! Lost Tucker, got Bichette all in the course of a day. I don’t think the Mets should trade Baty, if Bichette opts out after year 1 you have no 3B, so two questions, how do the Mets work out 1B, LF & DH if they keep Baty. Do you think Vientos, or Mauricio have the value combined with lesser prospects to get the SP the Mets need/want? Maybe Freddy Peralta?
Sam
- Brett Baty on the move?
Lance
- Mets have a roster full of middle infielders and at least 1 poor fielding outfielder, how do you see that shaking out?
Anthony Franco
- A handful of the many Mets questions in here
- I don't think Vientos (or certainly not Mauricio) has the juice to headline a Peralta deal, but it does feel to me that he's getting traded. Seems likelier than Baty, who offers more positional value as a capable defender at second/third (and presumably first)
- Seems like the Mets balked at a Vientos/Robert framework at the deadline but I wonder if that's more workable now if Sox eat a chunk of the money or include a reliever other than Grant Taylor in there
Dave
- How much of this "rush" from a few well-funded teams to spend large sums for short-term contracts is because of the expectation that the impending lockout will force a salary cap into place?
Philly A's
- Are the shorter term but higher AVV contracts because of the possible strike?
Anthony Franco
- I don't think that has much to do with it. Just seems like we had a couple huge spenders that didn't want to go long-term on very good but flawed hitters at the top of the class
- Obviously if you're not keen on committing seven or eight years to either of these guys, you need to compensate by juicing the AAV. Mets had a ton of short-term spending room compared to last season and were running out of players on which they could use it after missing on Tucker
Stott Through The Heart And You're To Blame
- Three years for Realmuto means that Dombrowski is planning on retiring after 2 and letting someone else clean up the mess?
Anthony Franco
- Haha if that were the case, why balk at going to three years in November?
- I'm a little surprised they caved but credit to JTR and his camp for waiting it out. Seemed like Bichette was the last other player for which they were prepared to spend and once he chose elsewhere, they said "screw it, let's get Realmuto done"
Justin
- how do the Tucker and Bichette deals impact Cody Bellinger?
Anthony Franco
- Mets could still accommodate Belli, I guess, but that feels less likely now. Beyond that, not sure it matters much. Dodgers never felt likely there and Yankees never seemed to be in on Tucker. My guess is they get the Yankees to cave on the sixth year and wrap it up
Shatkins
- Did aaron judge just become the most underpaid player in the game (besides arb controlled assets)
Anthony Franco
- It's Ohtani for me but Judge is second. That deal felt like a win for the Yanks at the time and obviously looks dramatically better with where salaries at the top of the market have gone since
Soooo
- What’s next for Boston? I feel like they still need a bat, but I hate to see them lose Early or Tolle. Does some combination of Harrison and Crawford (plus others) get them Paredes?
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Where Can The Pirates Turn For Another Bat?
The Pirates clearly entered the 2025-26 offseason with ambitious goals. They've spoken in the past about wanting to lure more free agents and make impact additions in the lineup, but both comments from Pittsburgh brass and the reporting surrounding their early offseason endeavors struck a different tenor. The Pirates' reported willingness to offer Josh Naylor in the vicinity of $80MM was a genuine surprise, given the lack of spending to which we've become accustomed from owner Bob Nutting. The reported $120-125MM offer to Kyle Schwarber -- which would've been the largest deal in franchise history -- was even more of an eye-opener.
Ultimately, finishing second-, third- or fourth-place on a pair of notable free agents has the same end result as sitting out the bidding entirely, but it was nevertheless notable that the Bucs came out swinging. It appeared to set the stage for a more aggressive offseason than usual, and to an extent, we've seen that. Ryan O'Hearn's two-year, $29MM contract isn't a major price to pay for most clubs, but it was the first multiyear free-agent deal given out by Pittsburgh since 2016. Acquiring Brandon Lowe, similarly, wasn't necessarily a blockbuster move in and of itself, but it's a higher-profile trade target than we typically see from the Bucs. Their trade of Johan Oviedo to the Red Sox netted them a fairly touted young outfielder, Jhostynxon Garcia, who could be in the majors early in 2026.
The additions of Lowe and O'Hearn add a pair of clearly above-average bats to Pittsburgh's lineup. They'll join Spencer Horwitz, Bryan Reynolds and Oneil Cruz atop the lineup. Horwitz was last year's primary offensive acquisition, and while his contributions were muted by a spring wrist procedure and a slow start upon activation in June, by the end of the season he looked the part of a quietly excellent pickup. Horwitz hit .272/.353/.434 overall, but that includes a dismal start to his season. Over his final 298 trips to the plate, he slashed .290/.372/.481 with nearly as many walks (11.4%) as strikeouts (15.1%). From late July through season's end (219 PAs), he slashed .314/.402/.539 with a 12.3% walk rate and 13.7% strikeout rate.
The quintet of Horwitz, O'Hearn, Lowe, Reynolds and Cruz has the makings of a solid top half of the lineup -- particularly if Reynolds can set aside last year's awful first half. Through the All-Star break, the Pirates' star outfielder was hitting just .225/.287/.369 (80 wRC+). Following the Midsummer Classic, he turned in a .276/.364/.453 line (128 wRC+) that's more akin to expectations for the 30-year-old former All-Star (who'll turn 31 later this month).
Add in the looming debut of Konnor Griffin, the top-ranked prospect in all of baseball, and you can start to see why Pirates fans are showing some cautious optimism. Griffin may only be 19 years old, but he skyrocketed from Low-A to High-A to Double-A in his debut season last year, posting an outrageous .333/.415/.527 line with 21 home runs and 65 steals despite being one of the youngest -- if not the youngest -- player at each of those minor league stops. The No. 9 overall pick from 2024 could make his MLB debut this coming season, and there's been speculation about him having a real chance to crack the Opening Day roster. There's a lot to dream on for Bucs fans, but the Pirates still feel like they're one bat short.
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MLB Mailbag: Hoerner, Red Sox, Giolito, Gallen
This week's mailbag gets into Nico Hoerner trade possibilities, whether top remaining free agents will go short or long-term, what's next for the Red Sox after Alex Bregman signed with the Cubs, where free agents such as Lucas Giolito and Zac Gallen might land, and much more.
Marc asks:
Well, Tom Ricketts proved me wrong. I never thought he’d pony up for a high dollar FA again. So, what now? I see all the rumors about Nico Hoerner but I think the Edward Cabrera trade and Alex Bregman signing are “all in” moves and moving Hoerner would weaken them (I think). Is there another move you think they could/ should still make?
I was surprised as well. I didn't think the Cubs would substantially improve their offer to Bregman from a year prior. But while Bregman is a year older, he was also free of the qualifying offer this time around. The signing is also a reminder that each offseason is its own beast with unique variables. What might have changed for the Cubs in 2025? They saw increased regular season attendance, hosted five playoff games at Wrigley, and got a better feel for what Matt Shaw can do in the Majors. They may have also grown more enamored of Bregman, who seemed to be adored by Boston's young players.
I would not make a blanket statement that the Cubs should not trade Hoerner this winter - it always depends on the return. But certainly the Cubs should not trade Hoerner if it makes them worse in 2026.
I haven't found a Cubs fan online who wants to trade Hoerner. But I will play devil's advocate for a minute.
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The Braves Need To Make A Rotation Splash
The Braves have been aggressive this offseason, signing four free agents (Raisel Iglesias, Ha-Seong Kim, Robert Suarez and Mike Yastrzemski) to deals that pay eight figures annually. They also bolstered their infield depth with the Mauricio Dubón trade, taking on nearly $5MM for the difference in arbitration salaries between Dubón and Nick Allen.
Their free agent activity has already been out of character compared to Alex Anthopolous' previous offseasons. They love to re-sign their players, so it wasn't a huge surprise they brought Kim and Iglesias back, yet they hadn't given out more than one free agent deal with a $10MM+ annual value in an offseason since 2020. Their four such contracts this offseason are more than they'd dished out in the previous four winters combined.
It's still not enough. They've ticked off shortstop and late-inning relief. Those were indeed key needs, but neither was as worrisome as the rotation. Injuries exposed Atlanta's lack of starting pitching depth in 2025. They haven't done anything to address that thus far, and they should be as motivated as any team in MLB to add a mid-rotation arm before Opening Day.
The Braves will enter the season with a rotation that'd line up as Chris Sale, Spencer Schwellenbach, Spencer Strider, Hurston Waldrep and one of Reynaldo López or Grant Holmes. If they could push a "turn off injuries" button, they'd be in excellent shape. Every team wishes they could keep pitchers healthy, of course, but the Braves look particularly vulnerable. AJ Smith-Shawver underwent Tommy John surgery in June and isn't coming back until the second half at the earliest. Their other six starters have limited track records or durability questions, and no one behind that group should be starting games at the MLB level.
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Trade Rumors Front Office Subscriber Chat Transcript
Steve Adams
- Good afternoon! I'll get going around 3pm CT, give or take a couple minutes. Feel free to ask questions ahead of time, as always! Looking forward to another chat.
- Hello! Let's get underway!
Rangers13
- With the Soderstrom extension as a comp, what would a Wyatt Langford extension look like?
Steve Adams
- Both 24-year-old OFs with 2+ years of service and four to go until free agency. I would think a Langfor deal looks relatively similar, though I can see his camp pushing for a bit more since he'd likely have had a larger starting point in arbitration; he's been a productive all-around hitter for two seasons now, while Soderstrom took a few to get there and thus had a weaker pre-arb platform. I don't think the gap should be immense, though.
Guards4Life
- Noah Cameron or Cade Horton. Who are you building a rotation around?
Steve Adams
- I suppose it depends on the context of the rest of this mystery new team I'm starting, haha. What's my payroll?! :)I would take Horton over Cameron in a bubble. I think he has a higher ceiling based on the stuff, but Cameron probably has better command and a higher floor. If you told me: "One of these two is going to be a rock solid No. 4 starter for the next four to five years and the other will end up in the bullpen," I would assume it's Cameron the SP and Horton in the 'pen.
That said, I also think Horton has the better chance at pitching like a true No. 2-3 starter over a longer period. I'd probably go with him, but if you preferred a more certain, bankable source of innings and felt Cameron was the preferable route, it's defensible enough.
Brewers Fan
- Last night Mark said even after the Cabrera and Bregman deals he's not sure he'd pick the Cubs over the Brewers. You agree? Think the brewers need to make a move to keep pace or are okay standing pat?
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Front Office Subscriber Chat Transcript
Anthony Franco
- Good afternoon everyone, hope you've enjoyed your week! Steve's off today and it's been pretty busy so I'll probably have to keep this one around an hour
Pudge
- What is Detroit thinking?? Vladdy's final year of Arb was 28Mil. 30 is closer than 19.
Anthony Franco
- Covered this in more detail in the Skubal writeup itself but the $19M is way closer to the precedent we've seen for starting pitchers than $32M -- both in terms of max value and raise relative to the previous season
- Skubal's trying to get a $22M raise, which is unheard of in arbitration. I understand why he's trying to do this -- both in terms of wanting to be valued as a top five player in MLB, which he is -- and to break the ceiling that arbitrators have put on starters
ThePhillyPope
- The Phils don't seem to be "in" on any starting pitching this off season. IMO the rotation after Sanchez & Luzardo is very suspect. Nola is average at best, Walker is worse, Painter is unproven, and we have zero idea how/if Wheeler will come back from his surgery. What are your thoughts?
Anthony Franco
- The budget isn't infinite and they were right to make Schwarber the priority. I'd still like to see them add a swingman (or give Keller a rotation opportunity, but it seems they closed the door on that right away) but I'm alright with the rotation for the moment
- If Painter continues to struggle and/or Wheeler comes back shaky, it becomes the priority at the deadline. I think they're talented enough both at the top end and in the lineup that they can give it a few months to see how things shake out
MetsFan
- Has your projection for Kyle Tucker changed since the beginning of the offseason? I know you guys originally predicted 400/11, curious if that's changed since he's still unsigned so close to spring training.
Anthony Franco
- I'd probably drop into the 350-375 range at this point. Tim Dierkes was there the whole time and deferred to Steve, Darragh and myself in agreeing to 400. Still would be surprised if we're looking at three or four with opt-outs though
jrizz1e
- does the diamond sports group news from yesterday put the market on any sort of hold?
Anthony Franco
- Doubt it matters much at the top end since it's mostly mid-market teams that are fighting the TV stuff. Could see it trickling down a little more to the mid-tier guys, though they're the ones who get the hit the hardest for remaining unsigned close to Spring Training anyway
- I wonder a little bit about the Angels though. They feel like they should've been involved on Suárez (Ranger and Geno, really), Gallen, etc. and a dark horse on Belli. This could be Arte Moreno's excuse to do essentially nothing
Kay
- Rob Manfred HAS to know that a free agency deadline is a non-starter, right??
Anthony Franco
- Yeah I can't imagine the PA's agreeing to that. Players resoundingly hate it
- It's just an opportunity for Manfred to frame it publicly as something he wants that'd be exciting for the sport, and I'm sure there are plenty of fans who agree with that, though his primary motivation (which he leaves unsaid) is cost suppression
Brian
- Is bellinger worth 30 million a year?
Anthony Franco
- For the Yankees or Mets on a four-year deal? Sure. For six or seven? Pass
Dana Brown
- Would Abreu and Blubaugh be enough for Cowser from Orioles?
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The Best Fits For Cody Bellinger
The top of the free agent position player market has not moved as quickly as it did in the previous couple offseasons. Kyle Tucker, Bo Bichette, Alex Bregman and Cody Bellinger remain unsigned.
That's not a huge surprise for the latter two hitters given the Boras Corporation's general willingness to wait deeper into the offseason if strong deals don't immediately materialize. Tucker and Bichette, the two best free agents, are respectively represented by Excel Sports Management and Vayner Sports. The slow offseason can't entirely be attributed to Boras. It's possible that Bellinger is waiting on Tucker while Bregman awaits resolution on the Bichette landing spot. There's a decent amount of overlap, especially among a handful of big-market franchises that have been relatively quiet in free agency thus far, in those respective markets.
Bellinger is a free agent for the third time in the past four years. He's hoping to finally command the long-term contract that alluded him in the two prior trips. He was always going to be limited to a one-year pillow deal in 2022 after consecutive down seasons led the Dodgers to non-tender him. A resurgent '23 campaign with the Cubs didn't lead teams to buy into him as a franchise altering addition. He returned to Chicago on a three-year deal with opt-outs, then was traded to the Yankees after an underwhelming 2024 campaign.
The long speculated connection worked beautifully. Bellinger's left-handed bat played very well at Yankee Stadium. He hit 29 home runs, his highest total in six years, while batting .272/.334/.480 across 656 plate appearances. FanGraphs and Baseball Reference each valued him around five wins above replacement.
Teams could still quibble with some of his underlying splits. Bellinger was a league average hitter away from the short porch in the Bronx. His batted ball metrics remained middle of the pack, and his results outpaced his "expected" statistics from Statcast for a third straight season. The average batted ball data was a stumbling block for teams in prior offseasons -- both in his '23 free agent trip, and when the Cubs were shopping him last winter.
Will a third straight season of overperformance lead teams to conclude that Bellinger's plus contact skills outweigh the exit velocity concerns? He's one of the best left-on-left hitters in MLB, batting .329/.371/.546 against southpaws over the past three seasons. The average left-handed batter (.230/.299/.365) hits like Marcus Semien or Otto Lopez when he doesn't hold the platoon advantage.
Bellinger isn't attached to draft compensation because he was ineligible for the qualifying offer. His camp will surely look to play up the narrative that he has proven himself in three major markets over the course of his career. A five- or six-year contract seems like the median outcome for the 30-year-old former MVP. Jon Morosi of The MLB Network suggested on Wednesday that his camp may be looking for seven years.
Where might he end up?
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MLB Mailbag: Dodgers, Reds, Marlins, Casas, Mets
This week's Front Office mailbag gets into the Dodgers adding a top free agent, Boston's offer to Alex Bregman as well as the Triston Casas situation, which bats the Reds could add, what's next for the Marlins and Mets, and much more.
William asks:
Any substance to the rumor that Bichette is signing with the Dodgers? How would that affect their tax? And who might they trade away?
Ron asks:
The Dodgers seem set for 2026 and beyond. They have young starting pitchers coming along and younger outfielders on the way. Left field and third base are the positions that might need tweaking this year or next. Could they grab the 2 best F.A.'s still available?
On January 1st, Jon Heyman of the New York Post wrote that the Dodgers (and Yankees and Cubs) "checked on" Bichette. That's all Heyman gave us in that article - no further context. Two days later in a tweet, Heyman added the Phillies to the list of teams that "have interest," beyond the well-known Blue Jays and Red Sox.
With all due respect to Heyman, that Dodgers-Bichette connection is pretty thin. It'd almost be irresponsible for a big market team not to "check on" a quality player like Bichette as his free agency drags into the new year, especially a club with room for improvement in the infield. We have no idea if anything more than due diligence has occurred between Bichette's camp and some of these clubs.
I hope we get better info, but GMs cannot shoot down free agent interest publicly, so if some of this is overstated we might not learn until after Bichette signs.
In late November, MLBTR's Anthony Franco included the Dodgers as a "plausible/on-paper dark horse" for Bichette, writing:
"There hasn’t been much in the way of Dodgers/Bichette smoke so far. This would feel a bit like overkill, but the Dodgers don’t have anyone locked in at second base. Their farm system is loaded with outfield talent but not as strong in the middle infield aside from Alex Freeland. Locking Bichette in at second would require them to play Tommy Edman mostly in center field coming off ankle surgery."
On Monday, Ken Rosenthal of The Athletic wrote, "Dodgers people like to say that Andrew Friedman’s preferred method of operation is 'hanging around the backboard.' If a player’s price in trade or free agency drops, the Dodgers’ president of baseball operations will attempt to grab him on the rebound and dunk on the industry yet again."
Friedman has had the Dodgers' top front office job for more than 11 years now, so we should have evidence of him "hanging around the backboard" and snatching up some top free agents whose market disappointed. Below is what I found, which should help us determine whether the Dodgers might swoop in on Kyle Tucker or Bo Bichette:
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