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The Rockies are one of the few teams in the majors will no real shot at contending this year, so their offseason was understandably very quiet.
Major League Signings
2025 spending: $13MM
Total spending: $13MM
Option Decisions
Trades and Claims
Notable Minor League Signings
Extensions
Notable Losses
There wasn't a lot of momentum for the Rockies going into the winter. 2024 was their sixth straight losing season. It was their second in a row getting to triple-digit losses. In the age of the expanded playoffs, most clubs are at least theoretical contenders, but the Rockies are one of a few that are clearly on the outside.
Such a team could perhaps find itself in plenty of offseason rumors anyway. The White Sox were coming off an atrocious 2024 season but still had notable trade candidates to talk about in Garrett Crochet and Luis Robert Jr. The Rockies have been reluctant to make such moves, however. Ryan McMahon could have been an exciting offseason trade candidate if there was any indication the Rockies were open to moving him, but that has never seemed likely.
There were some reports early in the offseason with a bit of smoke, to a degree. The Rockies were reportedly looking to lower payroll, not surprising given their circumstances. They had some openness to trading Brendan Rodgers, Cal Quantrill and Justin Lawrence. They clearly didn't find much interest. Rodgers and Quantrill were later non-tendered. Lawrence was put on waivers and claimed by the Pirates.
The Cardinals began their offseason by announcing major changes to the baseball operations staff and pledging to refocus on player development. Their efforts to free up playing time for younger players came up empty, however, and they'll run it back with nearly an identical roster.
Major League Signings
Option Decisions
Trades and Waiver Claims
Extensions
Minor League Signings
Notable Losses
"The message is, 'we're going young,'" Cardinals chairman Bill DeWitt Jr. said at the conclusion of the regular season. DeWitt's comments came on the heels of a press conference wherein longtime president of baseball operations John Mozeliak announced the 2025 season would be his last running baseball operations in St. Louis. Former Red Sox chief baseball officer and Rays senior vice president Chaim Bloom, hired as an advisor the prior offseason, would take the reins in 2026. He'd already agreed to a five-year contract.
It was a jarring change in tone for a Cardinals club that had perennially sought to compete in the National League Central. Mozeliak candidly acknowledged that the team's primary focus would not necessarily be on building the best roster for 2025, but rather on bolstering the organization's player development practice and building out the type of modern baseball operations systems and infrastructure that the Cardinals no longer possessed.
"Yes, this is a reset," Mozeliak said at the time. "Yes, this is going to be where we’re not focusing on necessarily building the best possible roster we can."
After a disappointing follow-up season to their first-ever World Series championship, the Rangers were the busiest team in the AL West over the offseason. Did they do enough to put themselves in the driver’s seat of the division?
Major League Signings
2025 spending: $56.225MM (not including Curvelo)
Total spending: $139.475MM (not including Curvelo)
Option Decisions
Trades & Claims
Notable Minor League Signings
Notable Losses
While the Rangers significantly increased payroll during the 2021-22 and 2022-23 offseasons, they weren’t nearly as active the winter after their World Series victory, despite the extra cash their success surely brought in. The reason? Declining television revenue and an unknown future for their TV broadcasts. Texas was one of many teams affected when the company then known as Diamond Sports Group filed for bankruptcy in 2023. The Rangers negotiated a new agreement with DSG for 2024, but it was only a one-year deal, and it paid them significantly less than they had received under their previous contract.
The Rangers did not re-up with DSG (now called Main Street Sports Group) for 2025, nor did they follow the path of teams like the Guardians and Twins, who will have their TV broadcasts distributed by MLB this season. Instead, the Rangers announced the brand new Rangers Sports Network in late January. RSN will partner with several TV providers to distribute games. Presumably, the team decided this would be a more lucrative option than signing away their exclusive TV rights to another broadcast company or MLB. Still, the whole ordeal meant the Rangers were facing quite a bit of financial uncertainty for the second consecutive winter. For the first time in four years, they did not increase their payroll. Indeed, the team made it a goal to drop below the luxury tax threshold in 2025. According to the estimates from RosterResource, those efforts were successful. The Rangers' payroll sits about $4MM lower than where it was at the end of last season, while their CBT payroll is $14.5MM lower – and $4.7MM below the first tax threshold.
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Motivated by their temporary move to Sacramento and the fear of an MLBPA grievance that could have cut into their revenue sharing money, the A's were busy. The result: three of the four largest contracts in franchise history, and a realistic (if long shot) hope of competing for a playoff spot.
Free Agent Signings
2025 spending: $40.05MM
Total spending: $82.05MM
Option Decisions
Trades and Claims
Notable Minor League Signings
Extensions
Notable Losses
The A's played around .500 ball in the second half. While their rotation remained largely uninspiring, things were starting to fall into place in the lineup. As the team officially closed the book on their 57 years in Oakland, fans who are sticking with the club in Sacramento and Las Vegas could start to dream on the team pulling out of a three-year rebuild.
There were a few clear areas to address. They needed multiple starting pitchers and a third baseman, at least. The A's rarely plug holes in free agency. They'd spent less than $55MM over the previous three offseasons combined. Owner John Fisher has suggested he'd raise payroll with expected revenue increases once they get to Las Vegas in 2028. It's hard to argue the A's deserved the benefit of the doubt after years of bottom-tier spending. There were no promises about the next three seasons anyhow, as those will be played at a Triple-A park in Sacramento.
At the beginning of the offseason, general manager David Forst firmly stated that designated hitter Brent Rooker wouldn't be available. It was fair to assume the same of star closer Mason Miller. They were no longer in the "tear it down" section of the rebuild, but it wasn't clear how aggressively they'd supplement their developing lineup.
The Padres had a fairly quiet offseason coming off a 93-win season. They were working with limited payroll room for the second straight winter, but they decided not to move any key pieces in cost-cutting trades. A few late signings -- including a backloaded four-year deal for a mid-rotation starter -- rounded out the offseason.
Major League Signings
2025 spending: $11MM
Total spending: $62MM
Option Decisions
Trades and Claims
Notable Minor League Seasons
Extensions
Notable Losses
The Padres faced a pair of injuries late last season that had a significant impact on their offseason. In August, Ha-Seong Kim injured his shoulder diving back into first base on a pickoff attempt. He underwent a season-ending labrum repair a few weeks later. Joe Musgrove left a start early in the postseason with elbow tightness. He required Tommy John surgery that'll cost him the entire '25 season.
Kim's injury was "only" expected to carry into the early part of this season, though it came with a nebulous enough timeline that it's possible he'll miss most of the first half. The Padres never seemed likely to meet the asking price to retain free agency's #2 shortstop. However, there's a decent chance they would have issued Kim a qualifying offer if he were fully healthy.
The Reds swung a few notable trades to bring some new talent onto the roster, as manager Terry Francona will try to lead the team back into contention.
Major League Signings
2025 spending: $28.55MM
Total spending: $28.55MM
Option Decisions
Trades & Claims
Notable Minor League Signings
Extensions
Notable Losses
Starting with some bigger-picture news from the Reds' winter, the club gained some slight stability on the broadcasting front when it signed a one-year contract with the FanDuel Sports Network, a.k.a. the rebranded Bally Sports Network. The Reds' broadcasts were previously handed by Bally and parent company Diamond Sports Group, but Cincinnati was one of many teams whose TV future was thrown into question when DSG went into bankruptcy proceedings in March 2023. DSG and Bally re-emerged under the Main Street Sports and FanDuel Sports Network banners, and several MLB teams chose to re-engage with their old partners under short-term agreements.
The Reds had reached a deal with Major League Baseball itself to handle broadcasts for the 2025 season, but in choosing to re-up with Main Street Sports, the Reds may be giving themselves some flexibility for future deals if all goes well this year. It is also fair to assume that the Reds are getting at least a bit more money off this new deal than they were getting from MLB, even if terms of the new contract (or the terms of the MLB broadcast deal) weren't made public.
Here's the bottom line as it relates to the club's on-field endeavors --- the Reds had a bit more cash to invest in payroll, as president of baseball operations Nick Krall said in January. Given the timing, it could be that the Reds might not have been able to trade for Taylor Rogers or sign Austin Hays without those extra funds coming into the team's revenue stream.
Team COO/CFO Doug Healy said in November that the Reds' payroll would either remain stable or go up in the aftermath of the broadcast deal with MLB, and that proved to be the case even with the change in broadcast partners. The Reds finished last season with an approximate payroll of $100MM (as per RosterResource) and the club now has roughly $115.3MM committed to its 2025 roster as we approach Opening Day.
MLBTR's Steve Adams hosted a chat today at 3pm CT, exclusively for Trade Rumors Front Office subscribers.
Despite some glaring needs for offense, the Mariners only ended up tinkering a bit with their lineup after a pretty quiet offseason.
Major League Signings
2025 spending: $11.25MM
Total spending: $11.25MM
Option Decisions
Trades & Claims
Notable Minor League Signings
Extensions
Notable Losses
After a few months of scouring the free agent and trade markets for a replacement for second baseman Jorge Polanco, the Mariners ended up signing....third baseman Jorge Polanco, brought back on a one-year deal worth $7.75MM in guaranteed money, and with a vesting option that could guarantee Polanco at least $6MM in 2026. Polanco has played the vast majority of his nine MLB seasons as a middle infielder, but he does have 24 games of experience as a third baseman, with 15 of those games coming as recently as the 2023 season when he was still a member of the Twins.
Polanco's defensive metrics as a second baseman were mostly subpar, and his lack of a strong throwing arm raises questions about how well he'll translate to the hot corner. However, the bigger issue might be whether or not Polanco can rebound from a rough year at the plate. The infielder hit only .213/.296/.355 over 469 plate appearances with Seattle in 2024, while also missing a month due to a hamstring strain, and undergoing surgery in October to correct a lingering left knee problem.
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