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Yankees, Cubs Interested In Kyle Tucker

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Astros general manager Dana Brown left the door open yesterday to trading either outfielder Kyle Tucker or left-hander Framber Valdez this winter. Today, Ari Alexander of KPRC 2 (X link) reports that the Yankees and Cubs are two clubs interested in Tucker.

The news isn’t especially surprising. Tucker is one of the best players in the league and it would actually be more of a shock if any club weren’t interested in him. He is entering his final year of club control, which should eliminate teams fully in rebuild mode, but he should have broad interest apart from that. MLBTR contributor Matt Swartz projected Tucker for a $15.8MM salary next year, a notable sum but still affordable for any team and a bargain for a player of Tucker’s talent level.

From 2021 to 2023, Tucker’s production was fairly consistent and also trending upward. He hit 30 home runs in the first two of those seasons and then 29 in the third. His walk and strikeout rates each made slight improvements in that stretch. He drew free passes at a 9.3% clip in 2021, then 9.7% and 11.9% in the next two seasons, while his strikeout rate went from 15.9% to 15.6% and then 13.9%. His stolen base total went from 14 to 25 to 30.

In 2024, he missed significant time after fouling a ball off his leg and fracturing his shin. That injury limited his counting stats but he continued to improve on a rate basis. Though his strikeout rate ticked back up to 15.9%, he drew walks in 16.5% of his plate appearances. Despite only getting into 78 games, he launched another 23 home runs. His wRC+ was between 130 and 146 over his previous three seasons but jumped to 180 in 2024.

He’s also been graded as a strong defender and, as mentioned, can steal a few bases. FanGraphs graded him as worth either 4.9 or 5.0 wins above replacement in three seasons from 2021 to 2023, and Tucker was worth 4.2 fWAR in 2024 even though he played less than half a season. That’s 19.1 fWAR over the past four years, placing him in 13th among all position players for that span. Thanks to his shin injury, all 12 guys ahead of him on that list played in more games.

There are some rough parallels here with the Juan Soto situation from a year ago. The Padres were willing to make Soto’s final year of club control available on the trade market in order to walk a tightrope. They wanted to continue competing but had a tight budget and had several players that were difficult to trade due to contractual reasons. Moving Soto freed up a huge amount of payroll space and also brought back immediate help in other areas, as the Friars were able to get a package of players that included Michael King and Drew Thorpe, later flipping Thorpe to get Dylan Cease.

The Astros are in a somewhat similar spot now. Brown previously said that the club might have to get creative with money this offseason, even though they still want to win next year. Players like Jose Altuve and Yordan Alvarez have big contracts but are franchise cornerstones. Josh Hader and Ryan Pressly each have the right to veto any trades. Lance McCullers Jr. can’t be easily moved due to his health status.

They don’t really have to consider a trade but it seems they will pick up the phone and see if any club blows them away with a Soto-like package. Tucker’s track record isn’t quite as good as Soto’s but Soto was projected for a $33MM salary going into 2024, more than double what Tucker is slated to earn next year.

It’s theoretically possible that they can get a package of young talent they like while simultaneously freeing up some payroll space to re-sign Alex Bregman, since Brown and owner Jim Crane have both marked that as the club’s top priority. That would leave the Houston outfield consisting of Alvarez, Chas McCormick, Jake Meyers, Taylor Trammell and Mauricio Dubón, though it’s possible they get some cheaper outfield help back in the trade.

The Yankees, of course, wanted to re-sign Soto as a free agent but he is now going to become a Met. That leaves the Yanks with a big hole in their outfield and they have to pivot to other possibilities. The free agent market features guys like Anthony Santander and Teoscar Hernández while the Yankees have been connected to trade candidate Cody Bellinger. Tucker would be a more attractive option than any of those three in a vacuum but a deal coming together would naturally depend on what it would take for the Astros to let him go.

The Yankees still have Aaron Judge as their outfield anchor and might move him back to right field for the post-Soto era, with Jasson Domínguez and Trent Grisham options for center. Tucker is strong in right field, so perhaps the Yanks would consider moving him to left. Due to the short porch in right, there’s more grass to cover in left field, making defense over there more of a concern.

There shouldn’t be any financial issue, as the Yankees just reportedly make Soto an offer of $760MM over 16 years, an average annual value of $47.5MM. They will now be looking to spread that kind of money around to other players and Tucker is only projected to get about a third of that.

For the Cubs, they already have a crowded outfield picture but clearly have interest in shaking it up a bit. Bellinger has been in many rumors this winter and Seiya Suzuki’s name has come up as well. Trading either is complicated, in Bellinger’s case due to his upcoming out-out while Suzuki has a full no-trade clause. Those two project to be in an outfield group that also includes Ian Happ, Pete Crow-Armstrong, as well as youngsters like Alexander Canario, Kevin Alcántara and Owen Caissie. Happ also has a no-trade clause while the Cubs probably want to hang onto the younger guys. Each of Happ, Bellinger and Suzuki are slated for free agency after 2026, with Bellinger perhaps departing a year earlier than that.

As mentioned, just about every contender should be calling the Astros to get a sense of the asking price. There are no guarantees that he can be obtained but even the possibility that he’s available makes him one of the most interesting names to watch in the coming weeks.

Astros Not Ruling Out Potential Trades of Kyle Tucker, Framber Valdez

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6:35pm: In a full column at The Athletic, Rome writes that the Astros have unsurprisingly received calls on Tucker. He indicates that none of those discussions have become serious but reports that Brown is indeed willing to consider moving one of the two players if the right opportunity presents itself.

6:20pm: Astros general manager Dana Brown met with reporters this evening at the Winter Meetings. In addition to reiterating their longstanding desire to re-sign Alex Bregman, Brown left the door at least slightly open to trading one of his star players.

In response to a question about the team’s willingness to field interest in Kyle Tucker and Framber Valdez, Brown replied he “would listen on all the players” (X link with video via Brian McTaggart of MLB.com). It doesn’t seem they’re actively shopping either, however.

“We’ll listen on anybody. We’re not trying to aggressively move anybody out the door… If it doesn’t make sense, we wouldn’t do it,” Brown expanded (relayed on X by Matt Kawahara of the Houston Chronicle). “So it really would have to make sense. Because right now we’re a good team and we’re not motivated to move any of these guys.”

An open-mindedness to conversation isn’t a declaration that either player is on the block. It still seems likelier than not that both will begin next season in Houston. That said, there’s at least a little bit of chatter about the possibility of the Astros pulling off a blockbuster. Chandler Rome of the Athletic floated the idea last week, pointing out that it’d open a fair amount of immediate payroll space while helping to replenish a poor farm system. Jon Morosi of the MLB Network tweets that there’s “some buzz” around the Meetings regarding the potential for a Tucker trade, in particular.

Both players would net a strong return. They’re each down to their final year of arbitration but are among the best in baseball at their respective positions. Tucker, whom MLBTR contributor Matt Swartz projects for a $15.8MM salary, hit 23 home runs in only 78 games this year. He slashed .289/.408/.585 across 339 plate appearances. A nagging right leg injury cost him a few months, but Tucker’s rate production was the best of his career. He’s one of the game’s five to 10 best hitters and trending towards a free agent deal that could push near $400MM.

There’s little to suggest the Astros are going to make a push to sign Tucker to that kind of contract. Even if they expect him to walk in 12 months, a trade would be a tough sell. Houston is trying to win another AL West title. They wouldn’t come close to replacing Tucker’s production if they move him. They’re already thin in the outfield, where Chas McCormick and Jake Meyers are the other projected starters. Yordan Alvarez could see time in left field, but manager Joe Espada said today the Astros were hoping to scale back his outfield work to give him more reps at designated hitter (X link via Rome).

Valdez probably wouldn’t bring quite the same return as Tucker. He’d arguably be easier to replace, though the Astros would be placing a lot of faith in injury returnees Luis Garcia and Lance McCullers Jr. to do so. The southpaw is coming off a 2.91 ERA showing through 176 2/3 innings. Valdez has topped 175 frames in three straight years. He hasn’t allowed an ERA above 3.45 in any of those seasons. While his strikeout rates are more good than great, Valdez posts elite ground-ball numbers.

Swartz projects Valdez for a $17.8MM salary in his final arbitration year. That’s a notable sum but still well below what he’d make for one season if he were a free agent. (Frankie Montas just signed for $17MM annually over two seasons, for example.) Valdez is going into his age-31 season and could be limited to a five-year free agent contract, but he’s on track for a deal that lands well north of $100MM. The Astros have a better chance of re-signing him than they do of keeping Tucker, but neither player seems especially likely to remain in Houston after next season.

Latest On Alex Bregman

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While the majority of attention figures to be focused on the outfield market in the aftermath of Juan Soto’s decision to sign with the Mets on a record-shattering deal last night, one other beneficiary of the failed suitors’ expected aggressiveness on the rest of the free agent market could be third baseman Alex Bregman. Rob Bradford of WEEI reported last night that the Red Sox may “immediately be prioritizing” a pursuit of Bregman in the aftermath of Soto’s signing as they look to use those funds to sign other top free agents, while USA Today’s Bob Nightengale reports this morning that the Yankees are “expected” to make a run at free agency’s top infielder as well.

The Red Sox were previously reported as a potential suitor for Bregman earlier this winter, but their level of interest has not been clear to this point. Now, it appears they may have more significant interest in adding the 30-year-old veteran to their roster after failing to land Soto. Bregman certainly makes plenty of sense for the Red Sox, as he’d help to balance a heavily left-handed lineup as a right-handed hitter with a career .277/.367/.494 slash line against southpaws. What’s more, the club’s crowded outfield mix makes the infield perhaps the most obvious place for Boston to add to the lineup, though they’ve seemingly prioritized adding pitching help (aside from their pursuit of Soto) to this point in the offseason.

Perhaps the biggest obstacle to Bregman landing in Boston is a somewhat questionable positional fit. Bregman has spent virtually his entire big league career at the hot corner, which is currently occupied by Rafael Devers at Fenway Park. That said, it’s easy to see how the Red Sox could fit Bregman into their plans if they’re sufficiently motivated to do so. Bregman has expressed a willingness to slide over to second base if his new team so desires, and the Red Sox have also reportedly considered shifting Devers off third base into either a first base or DH role. There’s potential flaws in either of those plans given the presence of top prospect Kristian Campbell as a potentially big league ready long-term solution at the keystone and Devers’ reported desire to remain at third base for the foreseeable future, but those are issues that could surely be worked around if Boston were sufficiently motivated.

The Yankees, meanwhile, have been a speculative fit for Bregman’s services but have not previously been reported to have interest in the veteran. The club is sure to be aggressive in upgrading its roster now that Soto has landed elsewhere, and an infield that sports little certainty outside of Jazz Chisholm Jr. and Anthony Volpe is an obvious place to start. The club had reported interested in shortstop Willy Adames as a candidate to play either second or third base before he signed with the Giants over the weekend, and Bregman is certainly a logical fit to fill that same role.

Chisholm played third base for the Yankees down the stretch and into the postseason after being acquired from the Marlins last summer but has far more experience at the keystone, so adding a proven third baseman like Bregman could upgrade the club on both sides of the ball by allowing Chisholm to move back to his natural position while adding a reliable hitter who’s never posted a wRC+ lower than 114 in a season to their lineup. One theoretical roadblock to the Yankees signing Bregman could be discontent due to the third baseman being part of the 2017 Astros squad that was implicated in the infamous sign-stealing scandal, though the same could be said for shortstop Carlos Correa and GM Brian Cashman’s front office didn’t let that stop them from pursuing him when he was a free agent three years ago.

Of course, the longtime archrivals of the AL East are hardly the only suitors for Bregman’s services. The Phillies, Blue Jays, and Tigers all reportedly have at least some level of interest in the veteran infield this winter, and the incumbent Astros are perhaps his most obvious suitor of all. Houston has already made an offer to Bregman’s camp this winter, which was reportedly in the range of six years and $156MM. He’s reportedly looking for a deal in the $200MM range, however, and that gap could create room for one of his other suitors to swoop in and pull him away from the Astros. That’s led the club to explore contingency plans in case Bregman signs elsewhere such as infielder Jorge Polanco and first baseman Christian Walker, GM Dana Brown made clear in an appearance on MLBNetwork Radio yesterday that retaining their star third baseman remains the club’s top priority.

“We’re working on it… we’re having a lot of conversations with Scott [Boras], and, you know, we’re optimistic,” Brown said of their pursuit of Bregman. He went on to make clear that, even if they don’t re-sign Bregman in free agency this winter, he expects the club to seek outside help at third base. Brown noted that he believes the club’s internal infield solutions to be anywhere from six months to a year away from being ready for big league action, indicating that at least a stopgap solution at the hot corner such as Polanco will be necessary for Houston should they fail to bring Bregman back into the fold.

Astros Reportedly “Extensively” Shopping Ryan Pressly

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Astros right-hander Ryan Pressly is being “extensively shopped” on the trade market this winter, according to a report from USA Today’s Bob Nightengale. That’s not the first indication this winter that Pressly could be available, as a report emerged last month indicating that Houston had at least internally discussed dealing the veteran righty, but it’s nonetheless notable that the club has seeming begun shopping him to rival clubs on the trade market.

At the outset of the offseason, GM Dana Brown was candid about the fact that his club’s budget for this winter was looking tight. While the club has emphasized its desire to remain in contention next year, Brown acknowledged the club might have to get “creative” in addressing holes on the roster. That was a potentially ominous sign for a club that saw longtime third baseman Alex Bregman elect free agency last month, leaving them with holes at both infield corners along with room to improve on the outfield grass and in the starting rotation. RosterResource notes that the club is already on the hook for a projected $215MM payroll in 2025, just $20MM below their Opening Day payroll in 2024 and just $29MM below their end-of-season payroll this past year.

With such a tight budget, it’s easy to imagine 2024 being the end of Bregman’s tenure in Houston. That’s not something the Astros have been willing to concede to this point, however, as they’ve reportedly made an offer to Bregman since he reached free agency. The specifics of that offer aren’t entirely clear, but subsequent reporting has suggested there may be a gap between the sides as the Astros hope to retain Bregman on a deal in the range of six years and $156MM while Bregman hopes to land a deal worth at least $200MM. The uncertainty surrounding Bregman has led the Astros to consider potential fallback options, including first baseman Christian Walker and infielder Jorge Polanco, though it’s not hard to imagine Walker himself commanding an AAV that could land outside of the Astros’ comfort zone.

Whether it be in service of a more robust pursuit of Bregman or to increase their flexibility in the event he signs elsewhere, it makes plenty of sense for the Astros to consider dealing Pressly this winter. The 36-year-old hurler is due $14MM in the final year of his contract following a solid but unspectacular 2024 season where he pitched to a 3.49 ERA and 3.10 FIP in a late-inning role after being bumped from the closer role by the club’s deal for Josh Hader last winter. Pressly’s results remained solid, but his peripheral numbers took a step back as his 23.8% strikeout rate was his worst since 2016 while his 7.4% walk rate was his worst in a 162-game season since 2018.

While Pressly is obviously still a quality reliever, he’d be unlikely to receive a $14MM AAV on the open market ahead of his age-36 season this winter. That lack of clear trade value could make a trade difficult for the Astros to pull off, and any trade talks figure to be further complicated by the fact that Pressly has full no-trade protection as a player with ten years of service time and five consecutive years with his current club. That means Pressly would have to approve a trade in order to be moved, and there’s no guarantee that the Dallas native who has previously signed multiple contract extensions with the Astros would be interested in leaving Houston.

Those obstacles are significant, and it wouldn’t be a surprise to see Pressly remain in an Astros uniform next year because of them. They certainly don’t necessarily mean that a deal is impossible, however. It’s at least feasible that Pressly could have interest in being traded to a club that would be willing to use him in the ninth-inning after he racked up 102 saves in 118 chances (86.4% conversion rate) across his four years in the role with Houston. The Cubs, Red Sox, and Phillies are all among teams that could be in the market for help in the ninth inning this winter, and Nightengale suggests that Philadelphia could have particular interest in Pressly’s services.

Nightengale goes on to speculate that a deal involving Pressly and Phillies third baseman Alec Bohm could make sense for both clubs if the Astros fail to land Bregman, though it’s worth noting that Bohm figures to have more value on the trade market than Pressly so a straight one-for-one swap seems unlikely. Meanwhile, Chicago is known to have interest in dealing Cody Bellinger and Houston has reportedly checked in on Bellinger this winter. That makes a swap involving Bellinger and Pressly at least a theoretical fit between the two sides, though it’s unclear if discussions between the Cubs and Astros about Bellinger even involved other names much less Pressly in particular.

How Could The Astros Create Payroll Space?

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For months, the Astros have expressed hope they’ll re-sign Alex Bregman. Brian McTaggart of MLB.com wrote this afternoon that they’ve made a six-year, $156MM offer — supporting recent reporting from USA Today’s Bob Nightengale about the club’s comfort zone. Nightengale and McTaggart each suggest that Bregman’s camp was hoping to land closer to $200MM at least.

With a significant gap between the sides, it’s worth examining the organization’s payroll. RosterResource calculates Houston’s competitive balance tax number at nearly $234MM. That’s $7MM shy of next season’s $241MM base threshold. Re-signing Bregman would push them well into CBT territory. Even if they balk at his asking price, they’d need to be willing to pay the tax to make any notable upgrades unless they ship out salary.

The luxury tax isn’t a firm limit. Owner Jim Crane allowed the front office to push into tax territory this year. He has suggested he’s willing to do so again if the organization feels they’re targeting the correct players. Offering Bregman a $26MM average annual value reinforces that, even if it wasn’t a proposal the two-time All-Star was likely to accept.

The Astros seemed to be up against their limit late last winter. Once they lost Kendall Graveman to shoulder surgery, ownership signed off on a surprising $95MM contract for Josh Hader. Maybe they’ll eventually do the same to retain Bregman. That’d be easier to envision if they managed to offload salary in a trade, especially since they’d face escalating penalties for paying the luxury tax in consecutive years. How could they go about cutting spending?

The Astros have $142MM in guaranteed contracts for next season. They’d have a tough time moving most of those deals. They’re not trading Jose Altuve ($30MM) or Yordan Alvarez ($15MM). There’s little incentive to sell low on Cristian Javier ($10MM) midway through Tommy John rehab. Trading Hader ($19MM) after one season of a five-year deal isn’t happening. Lance McCullers Jr.’s injury history means they wouldn’t find a taker for his $17MM salary without paying the contract down almost the entire way.

Houston can’t trade any portion of the $19.5MM they owe to José Abreu after releasing him. They could technically trade Rafael Montero, who remains in the organization after being outrighted from the 40-man roster. No one’s letting them off the hook for any part of his $11.5MM salary, though. That’s $122MM in commitments to players who have almost no chance of being moved.

Of the players on guaranteed deals, the only realistic trade options are Victor Caratini and Ryan Pressly. Caratini is making an affordable $6MM as a quality complement to Yainer Diaz behind the plate. The Astros could find a taker, but they’d probably need to subsequently commit $3-4MM to sign a backup catcher. Moving Caratini wouldn’t make much of a difference in the Bregman bidding.

As we noted when we named Pressly the offseason’s #14 trade candidate, offloading the reliever’s $14MM salary is the most straightforward option. It’s one the front office has considered. A Pressly trade is a strong possibility, but it’s not inevitable. It’d deal a hit to their bullpen, for one. Pressly also has full no-trade rights as a 10-and-5 player. If he doesn’t want to move, he’s staying.

That leaves their arbitration group. Houston has one of the biggest arbitration classes in the league. MLBTR contributor Matt Swartz projects them for a combined salary nearing $54MM. They’re mostly key players. Houston’s arb class breaks down as follows (the salaries are projections, not finalized numbers).

Most of those players are making between $2-5MM. Trading someone like Dubón or Meyers is plausible, but as with a potential Caratini move, it’s not especially consequential from a payroll perspective. If Houston wanted to clear significant money from their arbitration class, the clearest way would be to move one of Tucker or Valdez.

This week, Chandler Rome of the Athletic floated the idea of the Astros entertaining a Valdez or Tucker trade. To be clear, that was framed as speculation, not defined reporting that the Astros are actually considering it. Tucker and Valdez are each one year from free agency. Rome points out that they’re trending towards contracts that Crane has traditionally been reluctant to approve — especially Tucker. He argues that the Astros could use one of Tucker or Valdez to add talent to a thin farm system while remaining a contender for another AL West crown. That’s especially true if the Astros use the extra payroll room to finish a deal with Bregman.

Of the two, Valdez would probably be slightly easier to replace. After a terrible April, Hunter Brown pitched like a top-of-the-rotation starter. Ronel Blanco fired 167 1/3 innings of 2.80 ERA ball in a breakout season. Garcia could be ready for Opening Day after losing the ’24 season to Tommy John surgery. Before his injury, he was a quality mid-rotation starter. The same is true of McCullers, although his injury history over the past three seasons makes him difficult to rely upon. Spencer Arrighetti showed the ability to miss bats and quietly posted an excellent finish in 2024; over his final 13 starts, he pitched 76 innings with a 3.08 ERA, 29% strikeout rate and 8.3% walk rate. J.P. France could be back later in the year after losing this season to a shoulder procedure. He’s a capable back-end arm if healthy.

Trading Valdez would subtract the Astros’ most reliable source of innings, to be sure. Yet a starting five of Brown, Garcia, Blanco, Arrighetti and some combination of McCullers and France has decent upside. The Astros would probably need to add rotation help at the deadline for a second straight year, but it wouldn’t be a disastrous group to open the season. They’d need to be more aggressive in stockpiling non-roster depth than they have been in prior offseasons. They could also target at least one near-MLB pitching prospect if they were to seriously consider a Valdez trade.

Moving Tucker is a much harder sell. Even if the Astros don’t think there’s much chance they’ll re-sign him, they’d take a huge downgrade to their 2025 lineup. Tucker could be a top 5-10 hitter in MLB next season. His foot injury was a source of frustration this year, but there’s no way to replace the kind of production (.289/.408/.585 with 23 homers in 339 plate appearances) they’d be losing. The outfield is already a relative weak point after McCormick underperformed this year.

None of this is to say a Tucker or Valdez trade is likely. Indeed, there’s no indication the Astros have given either scenario serious thought. If they find it more difficult than expected to line up a Pressly trade, there’s at least an argument for them thinking bigger to create some spending capacity.

Yankees, Astros, Mariners Have Spoken To Cubs About Cody Bellinger

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Cody Bellinger has stood as one of the most recognizable but difficult-to-move names on the offseason trade market. Among the teams to reach out recently are the Yankees, Astros and Mariners, reports Bruce Levine of 670 The Score. However, Levine adds that the Cubs aren’t looking to merely shed Bellinger’s salary, nor do they want to cover much (if any) money in a deal. That’s likely to be an issue. ESPN’s Buster Olney wrote this morning that other teams feel the Cubs will need to pay down a notable portion of Bellinger’s salary (or, presumably, take back another contract) if they intend to get much in the way of a return.

The Cubs have been looking to upgrade various spots on the roster but have a tough road to do so, in part due to no-trade clauses for Dansby Swanson, Ian Happ and Seiya Suzuki. Other positions, like first base (Michael Busch) and center field (Pete Crow-Armstrong) are already manned by promising young players. Third baseman Isaac Paredes was only just acquired at the deadline. Second baseman Nico Hoerner makes some sense as an option to free up some cash and a spot in the lineup for a more impactful bat, but he’s coming off flexor surgery.

That’s led the Cubs to at least gauge interest in Bellinger, who passed on the opportunity to opt out of the remaining two years and $52.5MM on his contract at the beginning of the offseason. Bellinger had a fine year overall, hitting .266/.325/.426 with 18 homers and a tiny 15.6% strikeout rate (his second straight season with that exact strikeout rate). But while those numbers were solid, they pale in comparison to his 2023 showing. He also posted lesser defensive grades both in the outfield and at first bae in 2024.

[Related: Looking for a Match in a Cody Bellinger Trade]

The Yankees have been laying some groundwork in the event that Juan Soto ultimately signs elsewhere, showing recent interest in top-tier free agents like Corbin Burnes, Max Fried and Willy Adames. That said, there’d pretty clearly be room for both Bellinger and Soto on the same roster. Bellinger could slot in at first base in the Bronx, offering another left-handed bat with good contact skills — a contrast to some of the strikeout-prone righties elsewhere in the lineup. He’d also be good insurance in the outfield, given the injury histories of both Aaron Judge and top prospect Jasson Dominguez. Bellinger could also serve as a safety net in the event that Dominguez looks overmatched early on.

In Houston, the Astros have a clear need at first base after their three-year, $58.5MM deal with Jose Abreu went sideways almost immediately. After a poor first year in 2023, Abreu started the 2024 season so poorly that he consented to being optioned to the minors. That Triple-A stint didn’t help, and Abreu was released less than halfway through that three-year deal. The ’Stros subsequently gave most of the playing time at first base to Jon Singleton, who provided light offense and subpar defense the rest of the way.

For the Mariners, first base has emerged as a clear need. They have at least one intriguing in-house option in prospect Tyler Locklear, but the M’s have been linked heavily to veterans Carlos Santana and Justin Turner as they search for a veteran bat at first base (and likely another at the hot corner). Bellinger’s contact skills would help Seattle cut down on the team’s longstanding strikeout issues as well.

The bigger issue with regard to Bellinger isn’t so much his overall ability, but rather the magnitude of his contract. He’s owed $52.5MM over the next two season — a guarantee that’s paid out in heavily frontloaded fashion. He’s taking home a $27.5MM salary in 2025 and is owed a $5MM buyout on a $25MM player option for the 2026 season if he opts out of the contract’s final season next winter. For an acquiring team, Bellinger would add $26.25MM to the luxury tax ledger and would cost at least $32.5MM in terms of actual, present-day salary.

For the 2023 version of Bellinger — .307/.356/.525 (136 wRC+), 26 home runs — teams would happily pay that price. Of course, if Bellinger had produced at that same level in 2024, he’d surely have taken the first opt-out opportunity in his contract at the beginning of this offseason. That he chose to forgo his opt-out clause is indicative of the fact that he and agent Scott Boras don’t believe there’s a sizable nine-figure contract waiting for him.

With regard to the Yankees, that luxury number could be problematic. Whether they sign Soto or pursue multiple free agents from the Fried/Burnes/Adames bucket after missing out on him, they’ll surely be a luxury tax payor in at least the third tier of penalty — if not the fourth. Since they’re looking at paying the tax in three straight seasons, that means they’ll either be staring down a 95% tax or 110% tax rate. Bellinger would cost them somewhere between $52-56MM in combined salary and taxes — plus that potential $5MM buyout on the 2026 option. Even for a deep-pocketed club like the Yankees, that’s a staggering price to pay, particularly coming off a good-not-great season for Bellinger.

The Astros, too, have some luxury concerns. RosterResource estimates that they’re just about $7MM shy of the first-tier threshold. They’ve looked into trading Ryan Pressly, but even if Houston were able to unload his full $14MM salary, Bellinger would still thrust them back into luxury territory. The 2024 season was the first in which owner Jim Crane authorized paying the tax. Adding Bellinger would very likely require doing so a second time. Speculatively speaking, a swap of Pressly and Bellinger could make sense for both parties involved, though Pressly can veto any potential deal as a player with 10-and-5 rights.

Luxury considerations don’t apply to the Mariners, but the actual bottom-line cash owed to Bellinger will be an obstacle. Seattle is looking to add two infielders — one at each corner — and ownership doesn’t seem to have an appetite for raising payroll too far beyond last year’s roughly $145MM level. The Mariners already project for a number in a similar range. If they could find a taker for one Mitch Haniger or Mitch Garver, perhaps Bellinger would become more realistic. For now, it seems likely that ever-active president of baseball operations Jerry Dipoto is simply doing due diligence, perhaps hoping the Cubs will pay down some of the contract (if not take someone like Garver back as part of the return).

Astros Interested In Christian Walker

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It’s been well established that re-signing Alex Bregman is the top priority for the Astros but he remains a free agent. The club has to consider backup plans for the event Bregman gets away and it’s been reported that one of their contingencies is Jorge Polanco. Today, Brian McTaggart of MLB.com reports that they could instead shift their focus to first base and have discussed Christian Walker.

The Astros and Bregman have been dancing around each other for quite some time without finding common ground. Dana Brown was hired as general manager in January of 2023 and almost immediately talked about signing core players to extensions. They did get new deals done with Jose Altuve and Cristian Javier but not with Bregman or Kyle Tucker. Brown and owner Jim Crane have continued to talk about their desire to re-sign Bregman in the almost two years since then but without getting pen to paper.

The problem seems to be the organization’s long-standing aversion to big deals. Altuve’s $151MM extension in 2018 is still the largest guarantee they’ve ever given out on any contract and the six years on the Yordan Alvarez extension is their longest pact. They’ve let players like Gerrit Cole, George Springer and Carlos Correa go get their big paydays elsewhere as opposed to re-signing them.

On top of that, there’s the short-term payroll question. They payed the competitive balance tax in 2024, technically for the first time. They did go over the line in 2020 but the penalties were put on pause for the COVID-shortened season. RosterResource projects their CBT number at $234MM for next year, just barely below the $241MM base threshold.

Back in October, Brown spoke of the finances being a little tight and said “We may have to get a little bit creative” about spending. Crane struck a slightly more optimistic tone about the money in November, saying that the club has “the wherewithal to do it if we need to do it” but also cautioned that they didn’t want to go crazy.

McTaggart says the Astros have offered Bregman a six-year deal worth $156MM, which aligns with previous reports. That would eclipse their previous record but just barely and it’s possible Bregman can top that elsewhere. MLBTR predicted he could land a guarantee of $182MM and he is reportedly looking for something in the range of $200MM. Bregman has reported interest from clubs like the Blue Jays, Phillies and Red Sox, with MLBTR’s Anthony Franco recently taking a detailed look at his market in a post for MLBTR subscribers.

With a non-zero chance of Bregman ending up leaving Houston, the club naturally needs to at least ponder alternate realities, with Walker one such thing they seem to have considered. It’s a logical consideration given that first base is a weak spot for the club. José Abreu crashed and burned as an Astro, getting released midway through the 2024 season. Jon Singleton picked up most of his playing time and was adequate but not outstanding. He slashed .234/.321/.386 last year for a wRC+ of 105 but with subpar defense, leading to an essentially replacement level season.

Walker is coming off a remarkably consistent three-year run with the Diamondbacks. He got into 160 games in 2022 and hit 36 home runs, then followed it up with 33 home runs in 157 games the following year. In 2024, he was on roughly the same pace but spent a small amount of time on the injured list, limited to 26 homers in 130 games. He finished each season with a wRC+ in the 119-122 range, producing a combined .250/.332/.481 batting line in those three seasons.

He’s also considered a strong defender at first base, with career tallies of 43 Defensive Runs Saved and 57 Outs Above Average. FanGraphs gave him 3.9 wins above replacement in 2022 and 2023. He would have been back in that range in 2024 if not for the aforementioned injury absence, ending up at 3.0 fWAR.

But since Walker turns 34 in March, his contract will be limited. MLBTR predicted him for a three-year deal with a $60MM guarantee, though it’s also possible he will be limited to a two-year pact, depending on how his market develops.

That price point would perhaps be more attractive to the Astros than the kind of deal Bregman will eventually sign, though there would also be drawbacks. Walker rejected a qualifying offer from the Diamondbacks, meaning he is tied to the associated penalties. Since the Astros just paid the CBT in 2024, they would have to surrender their second- and fifth-best picks in the upcoming draft as well as $1MM of international bonus pool space. Also, after just getting burned by signing Abreu, they may not want to sign another mid-3os first baseman to a notable deal, especially when they’re still paying Abreu for another year.

Astros Have Shown Interest In Jorge Polanco As Fallback At Third Base

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The Astros are focused on re-signing Alex Bregman but aren’t putting all of their eggs in that basket. They’ve been linked to Willy Adames — another likely nine-figure free agent — and have also checked in with a few contingency plans, including free agent Jorge Polanco, per Ken Rosenthal of The Athletic.

Polanco, who’s coming off a down year in Seattle and underwent knee surgery in October, has typically been a middle infielder, first coming to the majors as a shortstop in Minnesota before moving over to second base due to defensive concerns. The 31-year-old does have a bit of experience at the hot corner, having logged a combined 180 innings there in two different seasons with the Twins (plus another 128 frames there as a minor leaguer). He played 103 innings at third base as recently as 2023 in Minnesota.

The 2024 season was a disaster for Polanco, who’s battled knee troubles for several seasons and saw those ongoing troubles culminate in offseason surgery. His lone year in Seattle produced a .213/.296/.355 slash in 118 games — a far cry from the combined .270/.338/.455 output Polanco posted in six years with the Twins from 2018-23. Polanco still cracked 16 home runs for the Mariners in 2024, but his strikeout rate spiked to a career-worst 29.2% and he posted some of the worst defensive grades of his career (-10 Outs Above Average).

Polanco underwent surgery to repair the patellar tendon in his left knee in early October. He’d previously had IL stints for that same knee in both 2023 and 2022, missing about seven weeks of action combined between the two instances. Given the recent knee struggles and ugly results in 2024, Polanco is likely ticketed for a one-year deal. At the very least, he’d be an affordable alternative to Bregman/Adames who could allow the ’Stros to perhaps spend elsewhere.

At this stage of his career, however, asking Polanco to hold down third base regularly feels like a stretch. He’ll turn 32 next July, is coming off that knee surgery and already ranks poorly in terms of arm strength on his throws in the infield, per Statcast. While throws from second base and third base can’t simply be compared in apples-to-apples fashion — throws from third base are inherently going to come in at a higher velocity — Polanco is well below average even when compared strictly to other second basemen; his average velocity ranked 48th among the 63 players who made at least 100 throws as a second baseman in 2024. Perhaps a healthier lower half will lead to better life on his throws moving forward, but the recent trends don’t bode well for a move to third base.

That said, it’s a pretty thin market at the hot corner this offseason — at least in free agency. Bregman is the clear top option, though some teams might prefer Adames, who’s reportedly willing to move off shortstop in the right setting. Virtually everyone beyond Bregman and Adames falls into the rebound candidate bucket, with Polanco joining names like Josh Rojas, Gio Urshela, Yoan Moncada, Brandon Drury and Luis Urias (among others). The trade market includes Alec Bohm and the pricier Nolan Arenado, to name a couple of the most prominent candidates.

Phillies Interested In Alex Bregman, Willy Adames

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Last week, it was reported by Matt Gelb of The Athletic that the Phils were giving some thought to trading outfielder Nick Castellanos, infielder Alec Bohm, prospect Justin Crawford or left-hander Ranger Suárez as they look to shake up their roster. Today, Bob Nightengale of USA Today reports along similar lines, noting that the club is making Bohm available and is expected to look to free agents Alex Bregman or Willy Adames if they succeed in trading Bohm.

As the Phils look to make some changes, they only have so many avenues. Many of their position players are expensive veterans who are entrenched on the roster, either due to their performance, their contracts or both.

Bohm, on the other hand, is still in his arbitration years, slated for free agency after 2026. MLBTR contributor Matt Swartz projects him for a salary of $8.1MM next year and Bohm would be due another raise for 2026.

On top of that, his performance has been more good than great. To this point in his career, he has a batting line of .277/.327/.416. That translates to a 103 wRC+, indicating he’s been 3% better than the league average hitter. He did have a 115 wRC+ in 2024, but in lopsided fashion, with a 128 in the first half and a 90 in the second. Also, most of his damage has been done with the platoon advantage. He has a career 135 wRC+ against lefties in his career but a subpar 91 wRC+ against righties.

Defensively, he hasn’t been great overall, though he has shown signs of improvement. Defensive Runs Saved gave him a grade of -46 over the first four years of his career but then had him at league average in 2024. Outs Above Average had Bohm in negative territory from 2020 to 2022 but slightly better than par in the past two years.

Overall, he’s been a useful player but something below a star, and either Bregman or Adames could be seen as a clear upgrade. Bregman has hit .272/.366/.483 in his career for a 135 wRC+ and has been a considered a strong defender at third base to boot. Adames has hit .248/.322/.444 for a 109 wRC+ in his career while providing strong shortstop defense, but he’s reportedly willing to move to other infield positions. Most shortstops are capable of moving to other spots on the infield fairly smoothly, so it’s possible the Phils would expect Adames to provide better glovework than Bohm, even though it would be a new position for him.

Enacting these moves would have complications. Bohm’s modest projected salary is far less than what Bregman or Adames are likely to earn on their respective contracts. MLBTR predicted Bregman for $182MM and Adames  for $160MM over six years, both for average annual values in the $26-27MM range.

The payroll could be a notable story for the Phils this offseason. Chairman John Middleton has said he expects payroll to go up but it already has, in a way. RosterResource projects the club for a payroll of $263MM next year, which is $15MM higher than 2024 before they’ve even made any moves.

Their $282MM competitive balance tax number is already projected to be above the third tier of penalization. As a third-time payor, that means they are already looking at a 95% tax on any money they add up to the final line of $301MM. Anything they add beyond that line would have a 110% tax rate.

Swapping in Bregman or Adames for Bohm would make those numbers go up but it seems the Phils have at least some hope of making up the difference elsewhere. Nightengale notes that they have tried to use Bohm and Crawford to pry Garrett Crochet loose from the White Sox. Crochet had a massive breakout in 2024, tossing 146 innings with a 3.58 earned run average, 35.1% strikeout rate, 5.5% walk rate and 45.1% ground ball rate.

That performance will make Crochet very popular on the trade market, but so will his salary. Since he spent the early parts of his career either injured or working out of the bullpen, he’s only projected for a $2.9MM salary in 2025, with one more arb pass after that. The Phils have a strong rotation with Zack Wheeler, Aaron Nola, Cristopher Sánchez, Suárez and Taijuan Walker, but Walker has fallen out of favor with the club, getting kicked to the bullpen for a time in 2024. Andrew Painter could be a factor in 2025 but he’s a big unknown since he still hasn’t made his major league debut and is coming back from a long Tommy John surgery layoff.

It would obviously be a wonderful series of chess moves if the Phillies could use Bohm to add a cheap ace to their rotation, perhaps finding a way to unload the two years and $36MM left on Walker’s contract, and then use the cost savings to get a star like Bregman or Adames to replace Bohm at third.

However, doing all of that would require the agreement of other teams. Bohm’s trade value won’t be that high on account of his aforementioned deficiencies. Nightengale adds that the Sox are worried by Bohm’s performance in the second half of 2024. He also wouldn’t have much value to the Sox anyway, since his control window is so short. After Chicago’s record-breaking loss tally in 2024, it’s hard to envision them return to contention in Bohm’s two remaining years of club control. The Phils might have to include some more prospect talent to get a deal done, which they might not want to do right now, given how much of the roster is filled with expensive veterans.

A far simpler outcome for Bregman would just be to re-sign with the Astros, where he has spent his entire career so far. It’s a far simpler fit and the two sides seemingly have had mutual interest in signing a new deal for years, but nothing has come together thus far.

It seems there might be a bit of a gap in terms of the financials, with Nightengale reporting that Houston wants Bregman back on a deal of about $156MM over six years but Bregman is looking to get to the $200MM line. Jon Heyman of The New York Post reported last week that the Astros have made an offer to Bregman. It’s unknown what they put on the table but the fact that he hasn’t yet accepted it suggests that it wasn’t up to his expectations. General manager Dana Brown has suggested the club might need to be creative with the budget this offseason but owner Jim Crane has suggested there’s money available for the right players and all signs have pointed to Bregman being the club’s highest priority.

Bregman has also been connected to the Tigers and Red Sox in the past week, with the latter club considering a move to first base for Rafael Devers, in order to accommodate Bregman. Adames has also been connected to the Red Sox, in addition to the Astros, Atlanta, Blue Jays and Giants. Both players rejected qualifying offers and would be subject to associated penalties, unless they re-sign with their respective 2024 clubs.

For the Phils, since they paid the CBT in 2024, they would have to forfeit $1MM of international bonus pool space as well as their second- and fifth-best picks in the upcoming draft if they sign a player that rejected a qualifying offer. The Astros wouldn’t forfeit anything, apart from the compensation pick they stand to receive if Bregman goes elsewhere, which would come after the fourth round of the upcoming draft.

Astros In “Conversations” With Justin Verlander

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In a recent appearance on ESPN’s Baseball Tonight podcast, Astros GM Dana Brown said the club had been in contact with free agent right-hander Justin Verlander about a possible reunion.  “We’ve had conversations with his agent [ISE’s Mark Pieper] just to try to feel him out.  I don’t know if there’s been a lot of progress, but we’re having conversations,” Brown said.

Unsurprisingly, it doesn’t sound like either side is quite ready to make a move this relatively early in the offseason.  As Brown noted earlier in the podcast, the Astros’ top priority at the moment is trying to re-sign Alex Bregman.  That high-profile pursuit is taking much of the team’s focus, even if Brown noted that the club is doing its due diligence on other potential moves (such as finding another third baseman) as well.

“If [Verlander] continues to work and he’s healthy, it’s going to be interesting to see where he goes and how much he gets.  But I’m sure there will be a bunch of teams calling the agent,” Brown said.  This is perhaps reading too much into wording, but Brown’s phrasing almost seemed to imply more of an arm’s length approach, as if the Astros were more curious spectators to Verlander’s market than active participants.

Verlander turns 42 in February, but he made it clear following the season that he wanted to return in 2025, and rebound from an injury-marred 2024 campaign.  The right-hander was limited to 90 1/3 innings due to a pair of injured-list stints prompted by shoulder injury and then neck discomfort.  The latter injury was particularly troublesome, as Verlander missed about 2.5 months due his neck issue and didn’t pitch well after he returned, leaving him feeling like he probably tried to come back too quickly.  The end result was a 5.48 ERA, the highest of Verlander’s career apart from the 7.11 ERA he posted over an 11 1/3-inning sample size in his very first Major League season in 2005.

It was just two seasons ago that Verlander won his third AL Cy Young Award, and in 2023, Verlander was still solid with a 3.22 ERA over 162 1/3 innings with the Mets and Astros.  A case can certainly be made that Verlander has more to contribute if healthy, and the righty has already defied Father Time once by delivering that last Cy Young campaigns after a Tommy John surgery cost him virtually all of the 2020-21 seasons.

That said, nobody would be surprised if age and injuries simply caught up to Verlander, and 2023 was really his last hurrah as a productive starting pitcher.  As Brown noted, Verlander’s track record alone will lead to interest from multiple teams, but is understandable if the Astros were ready to move on rather than risk being left holding the bag if Verlander declined further.

Framber Valdez, Hunter Brown, Ronel Blanco, and Spencer Arrighetti are lined up as the top four of Houston’s rotation, and the in-house candidates for the fifth starter’s role all come with big health-related question marks.  Lance McCullers Jr. has missed the last two seasons due to injuries, Luis Garcia hasn’t pitched since May 2023 due to a Tommy John surgery and a couple of setbacks, J.P. France missed most of 2024 due to shoulder surgery, and Cristian Javier had a TJ surgery last June and isn’t guaranteed to pitch at all in 2025.  Adding a reliable veteran arm to the mix certainly makes sense for Houston, though Verlander might not fit the bill given his own health status.

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