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Astros DFA Grae Kessinger

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After officially announcing the Christian Walker signing earlier today, the Astros have designated infielder Grae Kessinger for assignment to open a spot for Walker on the 40-man roster (per Chandler Rome of The Athletic).

Kessinger, 27, was Houston’s second-round pick in the 2019 draft. The grandson of six-time All-Star Don Kessinger, he showed off excellent bat-to-ball skills in college, hitting .330 with a .904 OPS in his junior year at Ole Miss. However, evaluators had concerns about his ability to keep up against major league pitching. There were also rumblings he wouldn’t be able to stick at shortstop. Indeed, Kessinger struggled at the plate over his first few years in the Astros farm system, and he played all around the infield as the organization looked to maximize his versatility.

After his promotion to Triple-A in 2023, Kessinger seemed to take a step forward at the plate. He improved his walk-to-strikeout ratio and put up an .832 OPS and a 107 wRC+. It was enough to earn him a call-up to the big league club that summer. However, he failed to make an offensive impact at the major league level, going 8-for-40 with 12 strikeouts, good for a .614 OPS and 73 wRC+ in 26 games.

Despite his big league struggles in 2023, Kessinger made the Astros’ Opening Day roster in 2024. Unfortunately, he continued to come up short against MLB pitching. In 25 plate appearances, he didn’t manage a single hit. He walked thrice, reached once on a hit-by-pitch, and struck out seven times. To make matters worse, he regressed at Triple-A as well. His OPS dropped by more than 100 points from the year before, while his wRC+ fell to a well-below-average 83. 

Considering all his struggles at the plate, it’s hardly surprising to see Kessinger DFA’d. However, he can still provide value with his versatility – he’s played all four infield positions at the MLB level – and there could certainly be a team that sees enough potential in the former second-round pick to claim him off of waivers. If not, the Astros will have the option to send him outright to the minors and keep him in the organization.

Astros Sign Christian Walker

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December 23: The Astros have officially announced Walker’s signing. According to Chandler Rome of The Athletic, the deal includes a limited no-trade clause and will pay Walker an even $20MM annually per season.

December 20: A new-look Astros club will have a new first baseman in 2025, as the team has reportedly agreed to terms on a three-year, $60MM contract with free agent Christian Walker. The CAA client’s deal is still pending a physical.

Walker’s deal with Houston seems to shut the door on the possibility of a reunion with Alex Bregman. Houston recently acquired Isaac Paredes from the Cubs as part of the trade sending Kyle Tucker to Chicago, and while Paredes could’ve played first base with Bregman in the fold, he’ll be slotted in at third base with Walker now on board. Similarly, this effectively eliminates any chances of Nolan Arenado landing in Houston — an outcome that was all but at the finish line before Arenado invoked his no-trade clause to nix the deal.

Walker, 34 in March, has been a target of the Astros for some time now, dating back to the trade deadline when was reportedly at the top of their wishlist. A deal didn’t get done then, obviously, but Houston still has a need at first base after their three-year deal with Jose Abreu almost immediately imploded on them. Houston first basemen — led by Abreu and Jon Singleton — turned in an awful .226/.291/.360 batting line on the season in 2024. Walker, meanwhile, hit .251/.335/.468 — almost an exact match for the .253/.333/.464 line he carries through 3171 plate appearances dating back to the 2019 season.

On top of his quality results at the plate, Walker has emerged as arguably the premier defensive first baseman in MLB. He’s won three straight Gold Glove Awards in the National League and leads all first basemen in Defensive Runs Saved (33) and Outs Above Average (39) over the past three seasons. Matt Olson (27) and Carlos Santana (20) are second in those respective metrics. Walker’s defensive excellence at his position has essentially been unmatched.

Both Walker and the recently acquired Paredes are strong fits for the Astros, given the short left field porch at the newly renamed Daikin Park. That’s more true of Paredes, who’s one of the game’s most dead-pull and prominent fly-ball hitters. Walker has more of an all-fields approach, but when isolating his splits on pulled batted balls, he ranks 15th among qualified hitters in fly-ball rate (32.2%). Put more simply, Walker may spray the ball around a bit more than Paredes, but when he does pull the ball, he lifts it far more often than the vast majority of big league hitters. For a right-handed hitter with plenty of pop in his bat, that should play quite nicely with a 314-foot left field porch.

It’s been a bull market for free agents this offseason, and Walker had accordingly been hoping to land a four-year deal. He’ll “settle” for a year less than that on a deal that aligns with early expectations. His three-year, $60MM deal is an exact match for our predicted contract back on MLBTR’s annual ranking of the offseason’s top 50 free agents.

The $20MM annual salary on the contract puts the Astros north of the luxury tax threshold for what would be a second straight season. RosterResource now projects them at $244MM of luxury obligations — $3MM north of the $241MM tier-one threshold for the coming season. Their bottom-line payroll will depend on how that $60MM is divided over the three years of the deal, but if it’s evenly distributed, Houston would be just over $225MM in terms of actual player salary. (The luxury tax is calculated separately and based on the average annual value of all the team’s contracts.)

It’s still possible the Astros could duck back under the tax threshold. They’re reportedly telling teams they don’t intend to trade top starter Framber Valdez, but they’ve been exploring the trade market for reliever Ryan Pressly, who’s set to earn $14MM in 2025. More speculatively, they could also gauge interest in backup catcher Victor Caratini and his $6MM salary, then turn that role over to Cesar Salazar, who hit well in Triple-A and the majors this past season.

Dropping back under the tax line, however, doesn’t appear to be any kind of mandate. Owner Jim Crane said earlier in the winter that he “had the wherewithal” to cross that line and match his 2024 levels of spending if the right scenario presented itself. At the time, few envisioned that would entail trading Tucker and letting Bregman walk, but the Astros have been averse to the types of long-term megadeals both players — Tucker in particular — are expected to command. Houston hasn’t given out a contract longer than Yordan Alvarez’s six-year, $115MM contract or Jose Altuve’s six-year, $157.5MM extension under Crane’s ownership, the latter also being the largest guarantee in franchise history.

As a result, the Astros will give out their second three-year deal to a mid-30s first baseman in the past three years. Houston signed the aforementioned Abreu to a $58.5MM deal in the 2022-23 offseason and will still be paying Abreu $19.5MM this coming season after releasing him at the contract’s halfway point. That deal was negotiated by Crane himself and senior advisor Jeff Bagwell, as it came in the lull between the team’s dismissal of former GM James Click and the hiring of current GM Dana Brown. Astros fans may feel some trepidation about another multi-year deal for a first baseman well past his 30th birthday, though it bears mentioning that Abreu was 36 in year one of his contract; Walker will be 36 in the final season of this deal.

Walker declined a $21.05MM qualifying offer from the D-backs at the end of the season. As such, he’ll cost the Astros their second- and fifth-highest picks in the 2025 draft, as well as $1MM of space from their league-allotted bonus pool for international amateur free agency. That’s the steepest penalty possible for signing a qualified free agent, but the Astros find themselves in that tier as a result of exceeding the luxury tax threshold in 2024. The fact that they exceeded the tax threshold also means they’d only receive a compensatory pick after the fourth round in the now-likely event that Bregman signs elsewhere.

As for the D-backs, they’ll receive a comp pick after the first round, because Walker’s agreement is for more than $50MM guaranteed. It’ll be a nice parting gift, but Walker’s production will be tough to replicate with in-house options. Former top-10 draft pick Pavin Smith hit well in 158 plate appearances last season, but that was his first big league success in parts of five seasons and came in a small sample. The Snakes can hope for a similar late-bloomer trajectory to the one taken by Walker, but odds are against that. They could look to affordable alternatives in free agency (e.g. Carlos Santana, Justin Turner, a Josh Bell reunion) or sift through a deep trade market of first base options that includes Yandy Diaz, Josh Naylor, Nathaniel Lowe and perhaps Triston Casas (though the asking price on Casas would be extreme and surely cost the D-backs some coveted young pitching).

Robert Murray of FanSided first reported that the two sides were in advanced talks and closing in on a deal. Jim Bowden of The Athletic and MLB Network Radio reported that an agreement was in place, pending physical. USA Today’s Bob Nightengale reported the terms.

Nine Teams Exceeded Luxury Tax Threshold In 2024

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Major League Baseball finalized its luxury tax calculations for 2024. ESPN’s Jesse Rogers was first to report the list of payors, while Ronald Blum of the Associated Press reports the details. A record nine teams surpassed the $237MM competitive balance tax threshold. In a separate post, The Associated Press lists the finalized CBT numbers for all 30 teams.

The payments are as follows:

  • Dodgers: $103MM
  • Mets: $97.1MM
  • Yankees: $62.5MM
  • Phillies: $14.4MM
  • Braves: $14MM
  • Rangers: $10.8MM
  • Astros: $6.5MM
  • Giants: $2.4MM
  • Cubs: $570K

Teams pay escalating penalties for exceeding the threshold in consecutive seasons. The Dodgers, Mets, Yankees, and Phillies have all paid the tax in at least three straight years — subjecting them to the highest escalator fees. Texas and Atlanta are second-time payors. Houston, San Francisco, and the Cubs did not exceed the threshold in 2023 and are marked as first-time payors.

The Dodgers ($353MM), Mets ($348MM), and Yankees ($316MM) all had CBT numbers above $277MM, which marked the third tax bracket. All three teams will see their first-round pick in the 2025 draft dropped by 10 spots. Considering they each advanced at least as far as the LCS and the Dodgers won the World Series, those clubs won’t have any regrets about that penalty. Atlanta narrowly stayed below the $277MM threshold to avoid any impact on their draft.

Teams that paid the CBT are entitled to the lowest level of compensation for losing free agents who declined a qualifying offer. They receive a draft choice after the fourth round for each qualified free agent who walks. They’re charged the heaviest penalty — their second- and fifth-highest picks in 2025 and $1MM from their ’26 international bonus pool — for signing a qualified free agent from another team.

The Mets (Juan Soto), Yankees (Max Fried), Giants (Willy Adames), and Astros (Christian Walker) have already signed or agreed to terms with qualified free agents. The Mets (Luis Severino), Yankees (Soto), and Braves (Fried) have lost qualified free agents. Houston is likely to see Alex Bregman walk. The Mets (Pete Alonso, Sean Manaea) and Dodgers (Teoscar Hernández) still have unsigned qualified free agents of their own.

The top eight luxury payors were all clearly above the base threshold, while the three biggest spenders blew beyond every surcharge marker. The only source of CBT intrigue late in the season concerned the Cubs and Blue Jays, both of whom were hovering right around the tax line.

When it became clear that neither team would make the playoffs, they each attempted to dip below $237MM by shedding money via waivers. The Cubs were unsuccessful and landed around $239.9MM; Toronto dropped just below $234MM. The tax impact for the Cubs is negligible — a $570K bill is less than the cost of one player on a league minimum salary — but it places a higher penalty for signing qualified free agents and could incentivize them to stay under the threshold in 2025 to reset their status. Six of the nine payors made the postseason. Texas, San Francisco, and Chicago were the exceptions.

Last year, a then-record eight teams surpassed the CBT threshold. The Padres are the only team that was above the line in 2023 and got below it this year. San Diego finished with an approximate $228MM mark that ranked 11th in the majors — behind the nine payors and the Blue Jays. The Red Sox, Diamondbacks, Cardinals, and Angels were the other teams above the median in payroll. On the other side of the equation, the five bottom spenders were as follows: Athletics ($84MM), Rays ($107MM), Tigers ($110MM), Marlins ($122MM), and Pirates ($123MM).

The teams that exceeded the threshold have until January 21 to pay MLB. The first $3.5MM will be used to fund player benefits. Half the remaining money goes to players’ retirement accounts, while the other half is used for revenue sharing distribution from MLB to teams. Next year’s base threshold climbs to $241MM.

Christian Walker Reportedly Seeking Four-Year Deal

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Christian Walker has been a popular target in free agency thus far in the offseason, drawing interest not only from the incumbent Diamondbacks but also the Yankees, Mariners, Astros and Nationals, among other clubs. ESPN’s Jeff Passan writes that interested teams have been unwilling to extend their offers beyond three years but that Walker’s camp “would love to get a fourth year.”

Widespread interest in Walker is only logical. He’s been among the most underrated players in the sport for several seasons. The 33-year-old slugger’s .251/.335/.468 slash from 2024 is a near mirror image of the broader .253/.332/.464 line he carries in nearly 3200 plate appearances dating back to 2019. At the time, it would’ve seemed utterly nonsensical to think that the Diamondbacks would be able to successfully replace perennial All-Star Paul Goldschmidt with a journeyman waiver claim, but Arizona did just that and has been rewarded handsomely.

Not only has Walker been consistently productive at the plate — 13% better than average overall, including 20% better over the past three seasons — he’s emerged as one of the game’s best defenders at his position. Walker has won three straight Gold Gloves for his work at first base. Walker’s 33 Defensive Runs Saved over the past three seasons lead all big league first baseman by a wide margin. Matt Olson is second, at 27. Statcast is even more bullish, crediting Walker with 39 Outs Above Average — nearly double that of second-ranked Carlos Santana (20). He’s made only eight errors since 2022.

Quietly excellent as Walker has been, however, a four-year deal is a lofty ask when considering his age. He’ll turn 34 in March. As shown in MLBTR’s Contract Tracker, only four position players in the past decade have secured a four-year deal beginning in their age-34 season or later: Josh Donaldson (four years, $92MM with the Twins), Ben Zobrist (four years, $56MM with the Cubs), Nelson Cruz (four years, $57MM with the Mariners) and Victor Martinez (four years, $68MM with the Tigers. Donaldson’s deal, now almost five years old, is the most recent of the bunch. Of the four, only Cruz’s contract played out well.

Suffice it to say, four years would break any recent precedent for a position player of this age. Speculatively speaking, he could go the route some other veterans have in the past to secure the additional years they seek on longer-term deals: throw in (in this instance) the fourth year at a discounted rate. General expectations for Walker have been that he’ll command something in the vicinity of $20MM per year. If he were to tack on a fourth year at, say, $8-10MM, that’d get him his fourth season and also lower the luxury-tax hit for the signing club. For many of Walker’s reported suitors, that won’t be a factor, as they’re not CBT payors anyhow. For a team like the Yankees or Astros, it could prove significant.

Walker’s asking price is likely one of the reasons that the Yankees “appear increasingly likely to go with a more inexpensive option at first base,” as reported by Ken Rosenthal of The Athletic. The others include the qualifying offer that’d cost them an additional two draft picks (after already punting two for Max Fried) and the plethora of options available on the free agent market  (Santana, Justin Turner, Goldschmidt) and trade market (Josh Naylor, Yandy Diaz, Nathaniel Lowe).

Astros Telling Teams They Don’t Intend To Trade Framber Valdez

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The Astros are telling opposing teams they do not intend to trade left-hander Framber Valdez, writes Jeff Passan of ESPN. Houston’s ace had come up in trade rumors at the Winter Meetings.

In response to a question regarding the availability of Valdez and Kyle Tucker, general manager Dana Brown said he was willing to “listen on all the players.” That proved a precursor for the Tucker blockbuster, which dropped a few days later and subsequently lessened the financial pressure for the Astros to move Valdez. After the Tucker deal, Brown said that he didn’t anticipate trading Valdez but would continue listening to offers.

There could be semantics at play. Few players around the league are truly untouchable. There’s presumably some point at which an offer would compel them to consider moving Valdez. For now, however, it seems they’re unwilling to do so. The two-time All-Star is set to return to the top of a rotation that’ll also include Hunter Brown, Ronel Blanco and likely Spencer Arrighetti. Righties Luis Garcia and Lance McCullers Jr. could be back by Opening Day, while J.P. France could return midseason. Hayden Wesneski, acquired in the Tucker trade, can compete for a rotation or multi-inning relief role.

MLBTR contributor Matt Swartz projects Valdez for a $17.8MM salary during his final arbitration season. Brown said last week that there’d been no recent extension talks. The southpaw is trending towards walking in free agency on a nine-figure deal. While Houston didn’t want that to happen with Tucker, they were content to allow George Springer and Carlos Correa to depart as free agents. Alex Bregman could follow suit. They’d recoup a draft choice if Valdez walks after declining a qualifying offer, which he’d surely do if he enjoys a 2025 season that’s in line with his lofty standards. That’s less valuable than what they’d receive in trade, but they’re weighing that against the desire to win the AL West again in 2025.

Brown expressed optimism that the Astros would be able to take the division even if they traded one of Tucker or Valdez. The return package reflected that balance. Cam Smith immediately became the top prospect in a weak farm system, while Isaac Paredes and Wesneski jump right onto the MLB roster.

Valdez is coming off a 2.91 ERA showing across 176 1/3 innings. That marked his fourth consecutive year with an ERA south of 3.50. Valdez has finished in the top 10 in Cy Young voting for three seasons running. He has topped 175 frames in each of those years.

Latest On Nolan Arenado

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The potential for a Nolan Arenado trade has been one of the most persistent storylines of the 2024-25 offseason, and Arenado surged into the spotlight yesterday when it was reported that he invoked his no-trade clause to quash a deal that would’ve sent him to the Astros.

Further details on the matter, unsurprisingly, have continued to leak out today and presumably will in the days and weeks ahead. Derrick Goold of the St. Louis Post-Dispatch reports that while Arenado vetoed the potential deal to Houston, the Cardinals and Astros will continue to negotiate and an eventual deal remains possible. Of further note, while there’s been plenty of talk regarding the number of teams to which Arenado would approve a trade, Goold suggests that the third baseman has not at any point submitted a formal list of such teams to the Cardinals. Around five teams have spoken with the Cardinals about a trade, per the report.

The lack of a firm list could potentially be due to the fact that Arenado’s willingness to approve a trade to another club is context-dependent. Agent Joel Wolfe made clear at last week’s Winter Meetings that Arenado’s goal is to land with a clear win-now team that will continue to pursue a World Series title for the balance of the three years remaining on his contract. A team’s offseason dealings can impact the perception of whether they’re a true long-term contender.

Katie Woo and Chandler Rome of The Athletic report that, somewhat ironically, the very same move that in some regards paved the way for Houston’s pursuit of Arenado might’ve reduced his willingness to go there: the trade of Kyle Tucker to the Cubs. For a player seeking a perennial win-now atmosphere, a team simultaneously trading its best player and balking at re-signing a franchise cornerstone (Alex Bregman) logically raises some red flags. Woo and Rome write that Arenado wants to further see how the third-base market plays out before making any kind of decision, with Bregman’s eventual landing spot being one potential factor.

If that sounds counterintuitive, consider that Arenado could be viewed as something of a “Plan B” for teams with interest in Bregman. Bregman has been linked to both the Yankees and Red Sox, for instance. Either could hold appeal to Arenado, speculatively speaking, but they may choose not to ramp up their pursuit until Bregman is off the table. Revisiting the talks with Houston could also occur if Bregman signs elsewhere.

MLB.com’s John Denton appeared on 101 ESPN’s BK and Ferrario Show in St. Louis this morning and touched on the Arenado saga as well. He echoed many of the same points made in those reports and in his own reporting in helping break the no-trade development yesterday, but he added the wrinkle that Arenado is still holding out hope for a potential match with the Dodgers.

While Dodgers brass has publicly indicated that Max Muncy will be the team’s third baseman next season, Denton suggested some gamesmanship in those comments and reports that the Dodgers still have some interest in Arenado. It’s hard to see how that’d work with Muncy in the fold, Freddie Freeman at first base and Shohei Ohtani locked in at designated hitter.

Muncy would make a pricey and overqualified bench player. He’s a highly affordable starter at third, owed $12MM this year with a $10MM club option for 2026. Muncy doesn’t have a no-trade clause, but the 2023-24 version of Arenado isn’t a clear upgrade overall — certainly not when Muncy has been the superior hitter. Muncy’s .232/.358/.494 slash in 2024 (135 wRC+) outpaces Arenado’s .272/.325/.394 output (102 wRC+) — higher batting average for Arenado notwithstanding. Those roadblocks aside, Denton feels the Dodgers aren’t entirely out of the question and that Arenado isn’t likely to approve a deal anywhere “until the Dodgers tell him no to his face.”

There were clearly many factors that went into Arenado’s decision to utilize his no-trade provision, but regardless of the specifics, the scratched Houston deal leaves the Cards in limbo. They’d like to open third base playing time for younger players (e.g. Nolan Gorman, perhaps Jordan Walker) and are simultaneously hopeful of scaling back payroll ahead of next year’s player development-focused “reset” year.

Trading Arenado would’ve done just that, particularly with the Astros apparently willing to foot the majority of the bill. Woo and Rome indicate that Houston was willing to cover around $45MM of Arenado’s deal. ESPN’s Jeff Passan hears differently, reporting that the Astros were willing to cover a heftier $59MM of the $74MM remaining on the contract. That’s on top of the $10MM the Rockies are covering under the terms of their prior deal. In essence, it seems the Cardinals would’ve only been on the hook for anywhere from $5-19MM in total — as compared to the $64MM they currently owe Arenado ($12MM of which is deferred). Woo and Rome write that president of baseball operations John Mozeliak is “facing pressure from ownership” to further reduce payroll.

Taking a step further back, Arenado’s various reported reasons for saying no to the Astros — at least for the time being — suggest we may not get resolution on his trade candidacy anytime soon. If Arenado is waiting to see both whether the Dodgers make a serious push and to see where Bregman lands (perhaps opening the door for a match with an AL East contender), then the Cardinals’ hands are tied to an extent. Passan writes that the Houston veto could push the Cards to show willingness to eat more of the contract, thus bringing in additional suitors. Even in that scenario, the ball would be squarely in Arenado’s court, and if he’s willing to wait out several related market factors, this saga could drag on for some time.

In that scenario, the Cardinals might well be forced to look into other ways they could shed some payroll. Steven Matz ($12MM), Erick Fedde ($7.5MM) and Ryan Helsley (projected $6.9MM) are among the other short-term veterans on the roster who don’t hold the same no-trade provisions that Arenado, Sonny Gray, Willson Contreras and Miles Mikolas hold. Both Contreras and Gray have reportedly told the Cardinals that they prefer to stay in St. Louis and do not plan to waive their no-trade rights.

Nolan Arenado Uses No-Trade Clause To Block Trade To Astros

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The Cardinals are known to be looking to trade Nolan Arenado this offseason, but the talks are complicated by the fact that he has a full no-trade clause in his contract. Per a report today from Mark Feinsand, John Denton and Brian McTaggart of MLB.com, the Cards and Astros were in discussion on a trade to send him to Houston before Arenado informed St. Louis that he would not be waiving his no-trade clause to join the Astros. Katie Woo and Chandler Rome of The Athletic provided some additional details.

The Cardinals are planning for 2025 to be sort of a reset year, which has put Arenado’s name into trade rumors for the past few months. At the winter meetings last week, Cardinals president of baseball operations John Mozeliak said that he intended to try to line up a deal. The idea would seem to be mutually beneficial. Arenado turns 34 in March and could get a chance to go to a club with more immediate aims of playing competitive baseball. The Cards would save some money and open up playing time to get looks at less established players like Nolan Gorman or Jordan Walker.

But as mentioned, Arenado gets a say in the matter via that no-trade clause. It was reported last week that he would approve a trade to six teams: the Angels, Dodgers, Padres, Phillies, Mets, or Red Sox. It wasn’t clear if that was an exhaustive list but the Astros weren’t on it. Per today’s report from Woo and Rome, that list originally included the Astros but they were removed, perhaps due to the recent Kyle Tucker trade and uncertainty around the Alex Bregman situation.

Speaking of Bregman, he has long been the third baseman in Houston, though there are some signs they are planning on moving on. In the years leading up to his free agency, they repeatedly said that they wanted to re-sign him but no deal ever came together. He is still unsigned but there was reportedly a gap in the negotiations, with the club offering him $156MM over six years while he was looking for something more in the $200MM range.

On top of that, the Astros made a big trade last week which arguably got them a Bregman replacement for the hot corner. In sending Tucker to the Cubs, the Astros got three players back, one of whom was Isaac Paredes. While Paredes has played all four infield positions, he’s played third base far more than the other three spots combined.

But in the aftermath of that trade, it was reported that the Astros were emerging as “a serious suitor” for Arenado. Since Arenado is renowned for his third base defense, the plan would presumably be to move Paredes over to first base, since that’s also a target area for Houston. Though it appears Arenado isn’t on board, which puts that whole plan on ice for now.

It’s not clear what the full deal was or why Arenado decided to put the kibosh on it. All reporting has suggested that winning is Arenado’s primary motivation with his theoretical next team and the Astros would seemingly fit the bill. Despite just trading Tucker, they are still planning to compete again in 2025 and have been one of the winningest clubs of the past decade. Perhaps his decision has something to do with geography, the Astros sign-stealing scandal or the Astros-Cardinals data breach scandal, though those would be just guesses. Woo and Rome’s report suggests that he wants more time to make his decision and this isn’t final.

Aside from Arenado blocking the deal, the most notable item in today’s reporting is that the Cardinals were apparently willing to eat money. Arenado is going to make $74MM over the next three years but $10MM is covered by the Rockies as part of the trade that sent him from Colorado to St. Louis. There are also some deferrals, which apparently drop the present day value of what’s owed from $64MM to about $60MM, per the MLB.com column. But the Cards were willing to include $15-20MM so that the Astros would only be on the hook for $40-45MM of that. The Athletic says the Cards were willing to eat $5MM per season for the rest of the deal, or exactly $15MM.

That’s a sensible position for the Cards to take. While lowering the payroll is a goal for their planned reset year, it’s already projected to be well below their recent spending levels. RosterResource projects the 2025 payroll to be almost $40MM below 2024 levels. Trading Arenado, even if they eat some of the money, would only widen that gap while allowing the club to get a more notable return in terms of young talent.

It also may have helped the Astros stay under the competitive balance tax, with RosterResource currently putting their number at $225MM. If they were to take on roughly three years and $45MM of Arenado’s deal, that would add $15MM to their number and put them right around the $241MM base threshold.

Now the major questions will be about what comes next for each club. Both reports suggest that the Astros and Cardinals will continue having discussions, but it’s possible that they may have to pivot to other options while they are still available, depending on how much time Arenado wants to make up his mind about Houston. The Astros could look to restart negotiations with Bregman or pivot to a first baseman like Christian Walker. The Cardinals could try to negotiate a new deal with one of the other clubs that Arenado is perhaps less hesitant about joining.

Arenado was an MVP finalist as recently as a couple of years ago but his offense has dipped in recent years. In 2022, he hit 30 home runs and slashed .293/.358/.533 for a 149 wRC+. When combined with his excellent glovework, FanGraphs credited him with 7.2 wins above replacement that year. But over the past two years, he has hit .269/.320/.426 for a 104 wRC+, barely above league average. He’s still been worth close to 3 fWAR annually in that time thanks to the defense, but it’s obviously a concerning drop. Most of his home runs come to the pull side, so playing in front of Houston’s Crawford Boxes could be a good fit for him, but he would have to want that.

MLBTR Podcast: Kyle Tucker To The Cubs, And Trades For Devin Williams And Jeffrey Springs

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The latest episode of the MLB Trade Rumors Podcast is now live on Spotify, Apple Podcasts, and wherever you get your podcasts! Make sure you subscribe as well! You can also use the player at this link to listen, if you don’t use Spotify or Apple for podcasts.

This week, host Darragh McDonald is joined by Anthony Franco of MLB Trade Rumors to discuss…

Check out our past episodes!

The podcast intro and outro song “So Long” is provided courtesy of the band Showoff.  Check out their Facebook page here!

Astros Sign Joe Hudson To Minor League Deal

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The Astros have signed catcher Joe Hudson to a minor league deal, according to his transactions tracker at MLB.com. He has been assigned to Triple-A Sugar Land for now but will presumably receive an invite to big league spring training.

Hudson, 34 in May, was briefly in the majors in 2024. He had started the year with the Cubs on a minor league deal but was traded to the Mets in April. The latter club selected him to their roster for about three weeks in June, though Hudson only got into one big league game in that time and didn’t get a plate appearance. On June 21, the Mets were leading the Cubs 11-1 and had Hudson catch the bottom of the ninth, replacing Francisco Alvarez. He was later outrighted off the roster and elected free agency at season’s end.

That technically added to Hudson’s big league résumé, getting him up to 19 games played over four different seasons. He has a .167/.219/.200 batting line in his 33 plate appearances at the major league level.

He’s generally been a serviceable depth piece at Triple-A. He’s played 198 games at that level over the past four years, stepping to the plate 740 times. He was punched out in 29.1% of those appearances but also managed to draw a walk 14.5% of the time. That allowed him to produce a combined .215/.338/.389 line and 92 wRC+. Baseball Prospectus has generally given him good grades for his framing, blocking and throwing throughout his minor league career.

The Astros currently have three catchers on their 40-man roster. Yainer Diaz should get the bulk of big league playing time, with Victor Caratini also lined up for a notable chunk and César Salazar in Triple-A. Diaz and Caratini also spent some time at first base last year as the Astros tried to cover that spot after releasing José Abreu. Diaz was also slotted in as the designated hitter from time to time, keeping his bat in the lineup even when he got a break from catching.

Hudson gives them a bit of non-roster depth at the Triple-A level. That could perhaps be important as they might continue to experiment with rotating Diaz and Caratini through first, which might tempt them to have Salazar in the majors as a third catcher. Then there’s the ever-present possibility of an injury changing the plans. If Hudson gets a roster spot at any point, he has less than a year of service time and still has options, meaning he’ll be cheap and provide roster flexibility.

Details On Yankees’ Pursuit Of Kyle Tucker

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Before Kyle Tucker was traded from the Astros to the Cubs, the Yankees were known to be one of the teams also vying to land the star outfielder.  Reigning AL Rookie of the Year Luis Gil was reportedly of interest to the Astros in these trade talks, but New York ultimately turned down Houston’s demand for Gil and infield prospect George Lombard Jr. in exchange for Tucker, according to USA Today’s Bob Nightengale.

It makes for an interesting contrast to the trade package that the Astros did accept from Chicago.  Lombard and prospect Cam Smith could be viewed as essentially a match as recent first-round draft picks, though Smith is higher regarded in the view of MLB Pipeline (Smith is 73rd on their top-100 prospect list and Lombard isn’t on the list).  Gil is a controllable pitcher who has already made a name for himself at the big league level, so Isaac Paredes and Hayden Wesneski represent something of a split of those two resume points.  Wesneski is controlled through 2029 and has a solid 3.93 ERA over his 190 Major League innings, but he isn’t considered to have quite Gil’s ceiling, so making up that difference could’ve been achieved by adding a proven hitter like Paredes.

Landing three players instead of two obviously allowed the Astros to address more needs, as Paredes can help fill one of Houston’s corner infield vacancies and Wesneski brings rotation depth.  Gil would’ve been a more clear-cut installation into the Astros rotation and perhaps then necessitated another trade, since the Astros on paper have a surplus of rotation options.  However, since Luis Garcia and Lance McCullers Jr. are both returning from lengthy injury absences, the Astros might also want to see how things play out in Spring Training before dealing an arm, lest the club again get caught with a lack of depth in the rotation.

Interestingly, the Yankees did indeed trade a starting pitcher and an infield prospect for a prominent star player with one year remaining before free agency, except rather than Gil/Lombard for Tucker, it was Nestor Cortes and Caleb Durbin going to the Brewers for closer Devin Williams.  The two trade packages have some differences, of course, as Cortes is a year away from free agency, and was viewed a more expendable part of New York’s pitching mix since he was relegated to bullpen duty in the playoffs and was floated in trade rumors at the deadline.  Durbin is also over five years older than Lombard and is considered to be on the verge of his MLB debut, whereas Lombard has yet to reach even the Double-A level.

The timing of the negotiations between the Astros and Yankees was perhaps also a factor.  If the Yankees were already well down the road in talks with Milwaukee about Williams, that might’ve made the Bronx Bombers less likely to deplete their pitching and prospect depth even further by accepting the Astros’ offer for Tucker.  Some New York fans might well wonder “why not both?”, as even without Gil or Cortes, the Yankees still have a projected starting five of Gerrit Cole, Carlos Rodon, Clarke Schmidt, Marcus Stroman, and newly-signed frontline arm Max Fried.  Acquiring both Tucker and Williams would’ve left the Yankees still in search of infield help and now a “sixth starter” type of depth arm, but those are perhaps minor question marks compared to the upside of bringing both an All-Star outfielder and All-Star closer into the mix.

Gil is a known quantity to baseball fans, but the 19-year-old Lombard was the 26th overall pick of the 2023 draft.  Baseball America and MLB Pipeline each rank Lombard as the third-best prospect in New York’s farm system, viewing him as a very solid all-around player with five-tool potential, even if he perhaps lacks a true plus-plus calling card.  Lombard has played mostly shortstop in the minors and evaluators feel he can stick at the position, but he has also seen time at second and third base.  Lombard’s approach and overall hitting potential are both considered good, though he hit only .231/.338/.334 over 497 combined plate appearances with A-level Tampa and high-A Hudson Valley in 2024.

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