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Seven Teams Emerge As Top Suitors For Yamamoto

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While the baseball world awaits movement on Shohei Ohtani and Juan Soto, NPB ace Yoshinobu Yamamoto has emerged as the #3 name on the offseason market. The right-hander is the most popular starting pitcher in free agency and has been tied to virtually every big spender (and a few less traditional suitors).

Will Sammon of the Athletic reports that seven teams have stepped forward as the key players in the Yamamoto bidding. That group includes (listed alphabetically) the Blue Jays, Dodgers, Giants, Mets and Yankees. Two other “mystery teams” are also involved.

None of those teams come as a surprise. They’ve all previously been linked to Yamamoto, while a few have openly discussed him as a target. Mets owner Steve Cohen and president of baseball operations David Stearns recently flew to Japan to sit down with the 25-year-old righty. Yamamoto will make his own trip this weekend, when he’s scheduled to come to the U.S. to chat with interested teams.

At the beginning of the offseason, MLBTR predicted a nine-year, $225MM contract. It seems that could end up being light. In an appearance on Foul Territory yesterday, Ken Rosenthal noted there’s a general expectation that Yamamoto’s deal will land “considerably higher” than $200MM.

Yamamoto is coming off a third consecutive Sawamura award as Japan’s top pitcher. He turned in a 1.21 ERA over 164 innings while striking out 169 batters. Evaluators are nearly unanimous in projecting Yamamoto as at least a #2 caliber starter in the majors with a shot to be an ace. Between that dominance and nearly unprecedented youth for a free agent pitcher, he’s one of the most appealing in recent history.

That has made him a target for virtually all the big-market clubs. It stands to reason the Jays’ interest is contingent on Ohtani’s decision. (Toronto general manager Ross Atkins told reporters this week they didn’t plan to add two players from the top of the market.) The Giants and Dodgers are also believed to remain in the race for Ohtani, who could sign in the next few days. The Yankees are reportedly on the verge of acquiring Soto but still seem to be engaged on Yamamoto, while the Mets have made no secret of the fact that Yamamoto is their top offseason priority.

Report: Ohtani Decision “Expected” By Sunday

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As the ongoing free agency of Shohei Ohtani continues to hold up the remainder of the free agent and trade markets, Jon Morosi of MLB.com reports that the two-time American League MVP is expected to make a decision on his free-agent destination before the end of the weekend.

Ohtani’s free agency has, by design, been shrouded in secrecy. He and agent Nez Balelo of CAA Sports have worked to keep rumors of his potential destination under wraps, and many clubs have reportedly been wary of leaking information or commenting on Ohtani’s free agency in any capacity, for fear that it may hurt their chances of signing him.

Dodgers skipper Dave Roberts bucked that trend yesterday by announcing that his team recently hosted Ohtani for a meeting at Dodger Stadium and stating the obvious: that Ohtani is the Dodgers’ top priority. There’s been plenty of hand-wringing among Dodger faithful that Roberts’ comments harmed the team’s chances, though Morosi said in an appearance on MLB Network this morning that he does not see “in any way” that Roberts’ acknowledgment of what everyone already knew would serve as a deterrent to getting a deal done. It’d indeed be rather surprising if Ohtani’s decision on where he’ll play the next 10 to 13 seasons at a likely price tag north of $500MM were substantially impacted by a team’s manager simply acknowledging interest that has been anticipated for more than a year.

As it stands, the Dodgers are definitively known to have met with Ohtani. Reports this week indicated that the Blue Jays and Giants were also likely to have held sitdowns with the two-way star — the Jays at their spring complex in Dunedin, Fla. and the Giants at Oracle Park in San Francisco. The incumbent Angels are also believed to be in the mix still. Last night, Cubs president of baseball operations Jed Hoyer vehemently refuted reports that his own club’s optimism of landing Ohtani had “significantly waned.” It’s not known when or whether the Cubs hosted a meeting of their own with Ohtani, but Hoyer’s comments keep the door open for them as well.

Whether there are any darkhorse clubs who’ve managed to keep their involvement entirely off the radar is unclear, though that possibility can’t be discounted, given the nature of Ohtani’s free agency and the sheer demand an unprecedented talent like this has created. The Red Sox, Mets and Rangers were all involved early on in the process, but they’ve since appeared to shift their attention elsewhere after falling behind in the bidding.

If Ohtani indeed makes his decision in the next 96 hours or so (give or take), that would in all likelihood set the stage for the proverbial offseason floodgates to open. None of the reported finalists has been willing to make a significant move until learning whether they’ll be the team to ultimately reel in Ohtani. As such, that’s directly impacted the market for names like Yoshinobu Yamamoto (presumably a target of all finalists in the Ohtani bidding), top free agent bats like Cody Bellinger (a potential Giants, Jays or Angels target if Ohtani goes elsewhere) and even trade candidates like Tyler Glasnow and Shane Bieber, whose teams surely want to gauge interest from the runners-up in the Ohtani bidding.

Report: Cubs’ Optimism On Landing Ohtani “Has Waned”

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Shohei Ohtani’s camp at CAA has done a good job keeping his free agency a relatively silent endeavor, but there have been occasional indicators that his market is beginning to narrow. ESPN’s Jeff Passan reported last week that the Red Sox, Rangers and Mets had shifted their focus to players other than Ohtani, not believing themselves to be strong contenders to land him. Today, USA Today’s Bob Nightengale reports that the Cubs are in a similar position. Chicago’s “optimism of landing Ohtani has now significantly waned,” per Nightengale, citing a high-ranking team executive.

Known suitors for Ohtani generally include the Dodgers, Blue Jays, Angels and Giants. (Others have surely expressed interest throughout the offseason.) If the Cubs are indeed pessimistic and/or turning their attention elsewhere, that makes four teams in the past four days that are now said to be increasingly doubtful about their chances of landing the two-time AL MVP. Given the secretive nature of Ohtani’s market, it’s always possible there are additional, surprise suitors lurking, but to this point there’s little to no indication of the ever-popular “mystery team” joining the fray.

As a major market club with long-term needs in the rotation and an immediate gap at designated hitter, the Cubs made plenty of sense as an Ohtani suitor. Chicago’s projected $178MM payroll is a ways of from the franchise-record $203MM Opening Day mark, and for a player like Ohtani it stands to reason that most clubs would be comfortable stretching beyond their previously established comfort levels. Ohtani could’ve slotted into the 2025 rotation alongside Justin Steele and would’ve added a thunderous left-handed bat to a lineup that could well lose resurgent Cody Bellinger, who is also a free agent.

Over the past few days, reports have emerged of in-person meetings between Ohtani’s camp and a few clubs. Ken Rosenthal of The Athletic reported yesterday that the Blue Jays are “believed” to have met with Ohtani at their spring complex on Monday, when GM Ross Atkins was noticeably absent from the site of the Winter Meetings in Nashville and conducted his media availability via Zoom. Susan Slusser of the San Francisco Chronicle similarly reported that there were “indications” of a weekend meeting between the Giants and Ohtani at Oracle Park in San Francisco.

Suffice it to say, most teams have been quite wary of tipping their hand and perhaps harming their chances of hammering out a deal with Ohtani, who clearly wants a free-agent experience that does not play out in the public eye. While there was originally hope that Ohtani might make a decision at this week’s Winter Meetings, over the past 48 hours each of Nightengale, Jon Heyman of the New York Post and others have begun to suggest that Ohtani could continue conducting meetings with teams after this week’s event.

Blue Jays “Believed” To Have Met With Ohtani On Monday

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Blue Jays officials are “believed” to have met with Shohei Ohtani at the team’s complex in Dunedin on Monday, writes Ken Rosenthal of the Athletic. It’s the latest development in a free agency process shrouded in secrecy, as Ohtani’s camp has reportedly made clear that the superstar would hold it against teams if they leak pertinent information.

Speculation about Ohtani and the Jays heightened this afternoon when Toronto general manager Ross Atkins switched his media availability to a Zoom conference. Atkins declined to specify his location, but his absence from Nashville’s Winter Meetings indicated he had other priorities. The Jays called the matter a “scheduling conflict.”

Ohtani meeting with Jays’ officials, assuming that was indeed the case, affirms that they’re in the running for the AL MVP. Yet it doesn’t necessarily mean they’re a clear favorite. Rosenthal adds that the Dodgers and Cubs are involved, with other teams possibly still under consideration.

To that end, Susan Slusser of the San Francisco Chronicle wrote this evening that there are “indications” Ohtani had met with Giants’ brass on Saturday. Team officials were spotted at Oracle Park, while Slusser wrote on Saturday of “rumblings” that Ohtani was in San Francisco.

As a result of Ohtani’s evident desire to keep the process as mysterious as possible, executives and coaches with every team involved have steadfastly remained quiet. Angels manager Ron Washington joked at his media availability today that he “didn’t have anything to say about (Ohtani’s free agency) right now, because (he didn’t) want to let anything out of the bag” (video provided by Beyond the Halo).

With Ohtani’s free agency contributing to a slow pace early in the offseason, many fans have hoped for a resolution at the Winter Meetings. That may not be coming. Jon Heyman of the New York Post wrote on Monday afternoon that Ohtani could continue meeting with interested teams beyond the conclusion of the meetings on Wednesday.

Blue Jays Have Received Trade Interest In Davis Schneider

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The Blue Jays have fielded some trade interest in infielder Davis Schneider, writes TSN’s Scott Mitchell. There’s nothing to suggest a trade is either close or probable, as Mitchell categorizes talks as casual.

That Schneider is on the trade radar at all — even as a long shot candidate to move — speaks to the rise he has had over the past few months. A 28th round pick in 2017, Schneider has never featured prominently on rankings of the Toronto farm system. He consistently performed in the minors, hitting his way to Triple-A by the end of the 2022 season.

Schneider, who turns 25 in January, returned to Triple-A Buffalo to open this year. The right-handed hitting infielder had a stellar season for the Bisons, connecting on 21 homers in 392 plate appearances. The Jays selected his contract at the beginning of August. Schneider showed no signs of slowing down, tearing apart major league pitching over his first 35 games. He hit .276/.404/.603 with eight longballs in 143 trips to the plate.

That breakout showing makes Schneider a difficult player to value. The Jays (or any other team) certainly won’t expect him to continue hitting at an MVP-level pace. MLB pitchers are going to adjust to Schneider over the course of a full season. His excellent bottom line results belied some swing-and-miss issues in his first big league look. Schneider made contact on 64.9% of his swings, well below the 76.4% league average.

At the same time, Schneider could be an above-average hitter even if he takes a significant step back from his late-season level. He’s a career .253/.373/.463 hitter in parts of six minor league campaigns. Schneider has shown a very patient plate approach throughout his pro career, which he carried into his MLB time. (His contact problems were tied to whiffs within the zone as opposed to a propensity to chase off the plate.)

Things are perhaps murkier on the other side of the ball. Schneider has primarily played second and third base in the minors; he spent more time at the former position in his brief MLB look. Toronto has question marks at both positions thanks to the free agencies of Whit Merrifield and Matt Chapman. Schneider is seen as more of a bat-first player, however. Toronto still has Cavan Biggio and Santiago Espinal as multi-positional infielders and figures to add an infielder via free agency or trade. They’ve shown interest in Chapman and Jeimer Candelario, for example.

The Jays have no urgency to trade Schneider from a financial or roster perspective. He has all three minor league options remaining and won’t reach arbitration for three years. It’s likely that any trade talks are mostly a matter of due diligence to gauge whether there’s an opportunity for a sell-high move which the front office couldn’t refuse.

Latest On Juan Soto

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Recent reporting on the trade talks between the Padres and Yankees regarding superstar outfielder Juan Soto have indicated that the sides have hit an impasse in their trade discussions. Jon Heyman of the New York Post reported this morning that the sides haven’t talked since San Diego requested the previously-reported multi-player package centered round right-handers Drew Thorpe and Michael King, though The Athletic’s Brandon Kuty suggests that discussions between the sides are expected to reignite during the Winter Meetings this week.

Kuty goes on to discuss the current state of discussions between the sides, with a few noteworthy updates to past reporting. While San Diego’s proposal was previously believed to be a six- or seven-player package centered around King and Thorpe plus salary relief in exchange for Soto and Trent Grisham, Kuty suggests that the Padres proposed an eight-for-two swap with right-handers Clarke Schmidt, Jhony Brito, and Randy Vasquez all included in addition to King and Thorpe. The other three players in San Diego’s proposal are not known, though Kuty suggests that top prospects Oswald Peraza and Everson Pereira both are “figured to be on the table” in discussions.

The mention of Pereira as a potential piece in a Soto is especially noteworthy as past reporting has indicated that the 22-year-old has not been part of discussions between the sides. The young outfielder has emerged as a consensus top-100 prospect in the sport after slashing .300/.373/.548 in 81 games split between Double-A and Triple-A this season, though he struggled in a 27-game cup of coffee with an anemic .151/.233/.194 slash line in 103 big league plate appearances down the stretch. The inclusion of Pereira as a big-league ready outfield option could make plenty of sense for San Diego, particularly if the club parts with both Soto and Grisham in a deal.

While the specifics of reports on the Padres’ requested return package have conflicted, it’s clear that San Diego is hoping to receive a hefty return with a focus on MLB-ready pitching. What’s more, there’s a clear consensus between reports that the Yankees are particularly hesitant to include King and Thorpe in a package for Soto. Despite the gap between the sides in trade discussions, Kuty notes that restarting talks makes plenty of sense for both sides. The impetus behind a Soto deal for San Diego is the club’s desire to cut payroll, and Soto’s projected $33MM salary (courtesy of MLBTR contributor Matt Swartz) limits the number of teams that could realistically fit a deal for Soto into their budget. Meanwhile, Kuty notes that the Yankees are facing considerable pressure to improve after missing the playoffs with an 82-80 2023 campaign.

While Kuty notes that Cody Bellinger is another star-caliber lefty outfielder who the Yankees have interest in, no outfield addition is appealing to the club as Soto. Likewise, Kuty suggests that the Blue Jays represent a potential suitor for Soto if the Padres can’t get a deal done with New York. It’s a suggestion further backed up by SNY’s Andy Martino, who describes Toronto as a “real contender” for Soto, with Heyman adding that right-hander Alek Manoah has come up in discussions between San Diego and Toronto. That said, Martino suggests that the Jays are believed to prefer to wait on a Soto deal until they know whether or not they’ll be successful in their bid for superstar slugger Shohei Ohtani.

Kuty suggests that waiting for Ohtani to make a decision could be a double-edged sword for the Padres. While another superstar-caliber left-handed slugger coming off the board could raise the pressure on interested clubs to acquire Soto, the Padres are likely to attempt to use the savings from a Soto deal to explore the free agent starting pitching market, and waiting to move Soto could leave San Diego with less options on that front. While the free agent market has largely moved slowly to this point in the offseason, the top end of the rotation market has been something of an exception to that rule with Aaron Nola and Sonny Gray having already signed on in Philadelphia and St. Louis, respectively.

Mariners, Blue Jays Interested In Isaac Paredes

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Rays infielder Isaac Paredes has drawn trade interest from several teams, MLB Network’s Jon Morosi writes (X link), with the Mariners and Blue Jays among the suitors.  There isn’t any indication that a deal is anywhere close, and it would have to count as something of a surprise if Tampa did move Paredes, considering both his ability and the fact that he is only now entering his arbitration years.  He is projected to earn $3.2MM in the first of four arb-eligible years as a Super Two player.

As such, dealing Paredes wouldn’t bring many savings to the Rays’ 2024 payroll, estimated (via Roster Resource) to sit at a franchise-high $126MM.  President of baseball operations Erik Neander is on record as saying the Rays are open to having such a relatively large payroll, yet that hasn’t stopped speculation that Tampa Bay might look to move such higher-salaried names as Tyler Glasnow, Manuel Margot, Brandon Lowe, Harold Ramirez, or even Randy Arozarena.  Trading players as they become more expensive has been a longstanding way of business in Tampa, and there aren’t really many true untouchables on a roster that the Rays are forever looking to upgrade.

In this sense, selling high on Paredes now would net the Rays to a big trade return, and allow them to sidestep Paredes’ increasing arbitration price tag entirely.  It seems possible that the Rays might also consider attaching a less-desirable contract like Margot or Lowe along with Paredes in a trade package — while this would lessen the return in terms of prospects or big-league ready players, it would get some money off Tampa Bay’s books and perhaps allow them to keep Glasnow as the backbone of a somewhat thin rotation.

The Rays’ attention to the budget is what brought Paredes to Florida in the first place, as Tampa acquired the infielder and a Competitive Balance Round B draft pick from the Tigers for Austin Meadows in April 2022.  Meadows was owed $4MM that season in the first of three arbitration years, yet the Rays chose to deal him in what ended up being a wise move.  Meadows has played in only 42 games since the trade due to vertigo and anxiety issues, and the Tigers non-tendered him last month.

Paredes, meanwhile, has blossomed in Tampa Bay, hitting .232/.333/.467 with 51 homers over 952 plate appearances since Opening Day 2022.  This production has outpaced his projected numbers, as Paredes hasn’t made much hard contact, and ranked only in the sixth percentile of all batters in hard-hit percentage in 2023.  On the plus side, it can be argued that Paredes has been hampered by a very low .232 BABIP over the last two seasons, and his strikeout and walk rates have been solidly above average.  In the field, Paredes has spent most of his time at third base posting respectable defensive numbers, and he brings added versatility as a player capable of getting some action as a second baseman, first baseman, and emergency shortstop.

This skillset is particularly useful for teams like Seattle and Toronto, infield-needy teams who could use more pop in the lineup.  The Mariners recently acquired Luis Urias to contribute to their infield picture, yet Paredes would be an improvement over Urias as a regular third baseman, so Urias and Josh Rojas could then work into a second base platoon.  The Blue Jays also have a big hole at the hot corner with Matt Chapman now a free agent, and Paredes could potentially also contribute to the Jays’ unsettled second base position.

Mariners president of baseball operations Jerry Dipoto has swung quite a few trades with the Rays during his tenure in Seattle, and it wouldn’t be a shock to see the two sides line up once more.  That might seem a more realistic scenario than a notable swap between the Rays and Jays, as the AL East rivals unsurprisingly haven’t combined for many trades in their history.  Tampa Bay would probably prefer to not have to deal with Paredes as an opponent in the coming seasons, while the Blue Jays might not relish facing any of their own young talents that they might have to deal away to facilitate such a swap.

Speculatively, Tampa could target a controllable young pitcher like Bryce Miller or Bryan Woo as part of a Paredes trade.  With the Mariners targeting contact hitting, Paredes would be a better fit at third base for the club than the free-swinging Eugenio Suarez, who was already dealt away to the Diamondbacks.  Any major salary relief probably might not factor into such a Rays/Mariners deal since it isn’t clear how much the M’s are able or willing to spend this winter, considering that the Suarez trade was made in part to reduce salary.  On this front at least, the higher-spending Blue Jays might be in a better position to take some money off Tampa’s books.

Blue Jays Interested In Brantley, Pederson, Kiner-Falefa

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The Blue Jays have been linked to such high-profile names as Shohei Ohtani, Yoshinobu Yamamoto, Juan Soto, and others on the free agent and trade markets, yet the team isn’t only focusing on these top-tier names to address their roster needs.  According to Sportsnet’s Shi Davidi, the Jays have interest in free agent outfielders Michael Brantley and Joc Pederson, as well as utilityman Isiah Kiner-Falefa.

These names have long been on the radar of Jays GM Ross Atkins, who has at least explored the possibility of acquiring all of the trio in the past.  Kiner-Falefa was targeted at the last trade deadline, Pederson was targeted during his last stint in free agency during the 2021-22 offseason, and Brantley reportedly seemed on the verge of signing with Toronto in the winter of 2020-21 before opting to return to the Astros at something of the eleventh hour.

To some extent, Brantley or Pederson could be seen as backup plans if Toronto didn’t acquire Soto, since left field is the primary defensive spot for all three players.  A world exists where the Blue Jays could trade for Soto and then sign one of the other two outfielders, with an eye towards using Brantley or Pederson primarily as a designated hitter (with Soto or George Springer also getting some DH time for partial rest days).  Such a scenario might somewhat run counter to the Jays’ focus on defense over the last year, though Daulton Varsho would still be anchoring center field, and the Jays might be willing to sacrifice some glovework to boost their middling lineup.

In the bigger picture, none of Brantley, Pederson, or Kiner-Falefa would really be obstacles to any bigger-name acquisitions the Blue Jays might have in mind.  The three veterans are all likely to be had on one-year contracts, similar to Toronto’s signings of Kevin Kiermaier or Brandon Belt last winter.

Pederson hit .235/.348/.416 with 15 home runs over 425 plate appearances for the Giants last season, as his 111 wRC+ was still quite respectable but a big step down from the 146 wRC+ posted in 2022.  It was something of an unusual year for Pederson in 2023, as he cut back on his strikeouts and increased his walk rate, but seemingly at the cost of a good chunk of his usual power.  Pederson still had some of the best hard-contact numbers of any player in the league, and a .268 BABIP and a big gap in his wOBA (.331) and his xwOBA (.366) indicates that the 31-year-old might’ve been somewhat unlucky to post only a 111 wRC+.

That said, 2022 does stand out as something of an outlier amongst Pederson’s last four seasons, and even his career in general.  Without much baserunning or defensive value, Pederson projects best as a DH (or part-time left fielder or first baseman), and limiting him to plate appearances against only right-handed pitching is preferable given his career splits.

Brantley would also have to be considered a part-time option due to his health, as shoulder surgery and recurring soreness kept Brantley out of action from June 2022 until August of last season.  He amassed 89 total PA with the Astros during the regular season and postseason, and it wouldn’t be a surprise if Brantley’s eventual contract contains a lot of incentive clauses tied to playing time.  The former five-time All-Star showed only flashes of his old self at the plate in 2023, though it is possible another full offseason of rest and rehab might get Brantley back into something closer to his past form.

Kiner-Falefa is in some ways the easiest player to project of the trio, as the 28-year-old has pretty firmly established himself as a light-hitting jack of all trades who can provide at least respectable defense at a wide variety of positions.  A Gold Glove winner with the Rangers as a third baseman in 2020, IKF could be viewed by the Blue Jays as a potential glove-first replacement for Matt Chapman at the hot corner, with the Jays then presumably looking to add bigger bats to fill their other holes at second base, left field, or DH.  If Toronto doesn’t think enough of Kiner-Falefa’s bat to merit a semi-starting role, he could simply be a top utility option off the bench, giving the Blue Jays some flexibility in how hard they need to push on any one of their particular positions of need.

As usual, Atkins is seemingly keeping tabs on just about every prominent player on the market, and Davidi hears from player agents that the Blue Jays are “planning to shift quickly if needed” should their attempts at a superstar acquisition fall short.  In terms of Ohtani specifically, Davidi is doubtful the two-time AL MVP will ultimately land in Toronto, yet the Jays aren’t really costing themselves by exploring the possibility since the position-player market is moving quite slowly.  It could be that several teams and players are in the same boat as the Blue Jays in waiting on Ohtani’s decision to open up the market to a fuller extent.

Rangers, Mets, Red Sox Reportedly Shift Focus Away From Pursuit Of Shohei Ohtani

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Rumors about the state of Shohei Ohtani’s market in free agency have been decidedly and deliberately scarce. Ohtani is said to prefer things to be kept quiet and close to the vest, and teams involved in the bidding surely don’t want to jeopardize their chances by being too forthcoming in terms of leaking information to the media. ESPN’s Jeff Passan pulls back the curtain a bit this morning, however, writing that at least three teams — the Rangers, Mets and Red Sox — have turned their attention to other players at this stage of the process. While each of the three were among Ohtani’s original group of suitors, it seems the trio has become pessimistic about their chances of closing a deal.

The Rangers’ ostensible exit from the Ohtani bidding dovetails with recent comments from general manager Chris Young, who just yesterday told reporters that he does not anticipate spending to the same extent he did in the past two offseasons. Texas dropped more than $500MM in the 2021-22 offseason when signing Corey Seager, Marcus Semien and Jon Gray. The Rangers spent more than $200MM last winter when adding Jacob deGrom, Nathan Eovaldi and Andrew Heaney. Whether the expectation for lesser spending is because they feel they’re out of the Ohtani bidding or vice versa, the end result seems to be an expectation and concession that the two-time AL MVP and longtime Rangers division rival will sign elsewhere.

As for the Mets, there was never any question whether they have the funds to pay Ohtani a contract that’s widely expected to eclipse $500MM by a comfortable margin. Owner Steve Cohen is the sport’s wealthiest and most aggressive owner. But there have long been questions about Ohtani’s desire to play in the New York spotlight and deal with the inherent media frenzy associated with that market. It should come as no surprise that the Mets (and likely the Yankees) nevertheless tried, but Passan’s report suggests those efforts have come up short. To that end, SNY’s Andy Martino reports that Ohtani’s countryman, Yoshinobu Yamamoto, is currently the Mets’ primary focus.

The Red Sox, meanwhile, are known to be seeking top-of-the-rotation help for the 2024 season, which doesn’t apply to Ohtani while he mends from elbow surgery. (Though he’d clearly be a factor in their 2025 rotation and beyond.) Prior reports have suggested that Boston’s focus, thus far, has been more on the trade market than on free agency. That doesn’t definitively mean that the Sox aren’t willing to spend lavishly on free agents this winter, but if their pursuit of immediate rotation help eventually leads them to free agency, it’d make for a particularly expensive offseason to pursue both Ohtani and one of the remaining top-end starters (e.g. Yamamoto, Blake Snell, Jordan Montgomery).

While those three clubs are out of the mix, Ohtani’s market does still include the likes of the Dodgers, Cubs, Blue Jays and Angels, per Passan. That’s not intended to be a comprehensive list of the remaining suitors, however. It stands to reason that other clubs could yet be in play. The Giants have long been linked to Ohtani, as have the Mariners — although Daniel Kramer of MLB.com reported a couple weeks ago suggested that the Mariners were unlikely to ultimately land him.

Yankees, Padres Reportedly Far Apart In Juan Soto Trade Talks

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The Yankees are known to have interest in Padres outfielder Juan Soto but it doesn’t seem as though a trade is close to coming to fruition. Per reports from Ken Rosenthal, Dennis Lin and Brendan Kuty of The Athletic, Jon Heyman of The New York Post and Andy Martino of SNY, talks have stalled with a noticeable gap between the two clubs. Heyman says that “at least nine” clubs have checked in, while the report from The Athletic says the Blue Jays are involved.

All the reports indicate that the Padres are asking for a multi-player return, with Martino reporting that the Friars asked for Michael King, Drew Thorpe and four or five other prospects such as Randy Vásquez and Jhony Brito, as well as salary relief for Soto and Trent Grisham, who was also in the discussions. He adds that none of Jasson Dominguez, Anthony Volpe, Gleyber Torres, Austin Wells or Everson Pereira are involved. The report from The Athletic identifies Clarke Schmidt as a target.

It seems there is a disparity in how to value Soto, who is incredibly talented in a vacuum but there are other factors that could diminish his value in a trade. He only just turned 25 years old but has already played in 779 big league games with 160 home runs. He has drawn walks in 19% of his plate appearances while striking out in just 17.1% of them. He has slashed .284/.421/.524 overall for a wRC+ of 154, indicating he’s been 54% better than the league average hitter.

But he is now just one year removed from free agency, with MLBTR contributor Matt Swartz projecting an arbitration salary of $33MM next year. It is generally expected that signing him to an extension will be extremely difficult, given that he’s about to hit the open market just after his 26th birthday, a uniquely young age for a free agent. The Nationals reportedly offered him an extension of $440MM in July of last year, eventually putting him on the trading block when he rejected it. Since then, he banked $23MM in 2023 and is set to add about $33MM more next year, increasing his earning power as he has moved to free agency. That makes him seen by many in the industry as a one-year rental.

Shortly after that extension was turned down, the Nats were able to trade Soto and Josh Bell for a package of six players:  C.J. Abrams, MacKenzie Gore, Robert Hassell III, James Wood, Jarlin Susana and Luke Voit. But that was when Soto still had two and a half years of control remaining. Now he is down to one year and his salary has increased to roughly market rate for a star player.

Given the changing circumstances, his trade value should be far lower now than it was when the Padres acquired him. But the Padres still seem to be asking for a significant package of players, seemingly focused on pitching. King still has two years of control whereas Vásquez and Brito each have six. Thorpe is one of the Yankees’ top pitching prospects and hasn’t reached Triple-A yet. From the perspective of the Friars, they think the Yankees are acting like the only suitors, presumably extending offers the Padres consider non-starters.

It’s possible that this is just a classic case of early negotiations, where both sides stake out extremely unreasonable positions and gradually meet in the middle. But both sides also have the option of pivoting elsewhere. The Padres seem to have many other clubs calling, while the Yanks can walk away from Soto and pursue free agents like Cody Bellinger. They are known to be looking for two outfielders, which is presumably why Grisham’s name has been brought up in talks, but the Yanks could always looks elsewhere.

As for the Jays, it’s unsurprising that they are involved. General manager Ross Atkins has admitted that the club is looking for significant upgrades to their lineup, targeting big names like Bellinger and Shohei Ohtani. Like many things this offseason, the ultimate outcome might have to wait for a decision from Ohtani. Recent reporting indicates the Jays are one of the handful of clubs still involved as Ohtani’s market whittles down. But if they end up just missing there, they could call up the Padres and try to get something done for Soto.

Some reports have suggested that the Friars could look to finish a Soto deal as soon as next week’s Winter Meetings, but it might actually be in their best interests to wait. Since nothing is close with the Yankees and the Jays are waiting on Ohtani, the Padres might get a better deal with a bit of patience. Earlier reporting has suggested the Cubs, Giants and Phillies could be involved and there are other speculative fits as well.

Despite Soto’s immense talent, he’s available in trade talks due to the budgetary concerns in San Diego. The club’s payroll for next year is currently estimates by Roster Resource to be around $189MM. Due to aggressive spending in recent years and their loss of broadcast revenue with the bankruptcy of Diamond Sports Group, they are expected to be working with a reduced payroll of around $200MM this year. That means they are almost at their limit before addressing the significant losses to their rotation. Blake Snell, Seth Lugo, Michael Wacha and Nick Martinez reached free agency at season’s end, leaving them with Joe Musgrove, Yu Darvish and plenty of uncertainty beyond those two.

It appears that president of baseball operations A.J. Preller is trying to kill two birds with one stone, moving Soto and his projected to salary to both clear out some payroll space and bring in the pitching they sorely need. Whether he can pull it off will be one of the most interesting storylines to follow in the weeks to come.

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