2026-27 Player Option/Opt-Out Preview: April Edition
At the end of each season, certain players will have to decide whether to stick with their current contracts or become free agents. These contract provisions are sometimes referred to as opt-outs and sometimes as player options. Despite the different terminology, they are effectively the same, with the player being the one making the call.
Naturally, the player’s health and performance leading up to the decision will impact which way the player leans. Which players have that decision looming after the 2026 campaign? MLBTR takes a look, in alphabetical order. Player ages in parentheses are for the 2027 season.
- José Berríos (33): can opt out of remaining two years, $48MM
The Blue Jays and Berríos agreed to a seven-year, $131MM extension back in November of 2021. The Jays had just acquired Berríos from the Twins a few months earlier, when he had a year and a half of club control remaining. A few months later, with that control window down to one year, they locked him up to keep him around. He could opt out of the final two seasons of the deal, giving him a chance to hit the open market after his age-31 season, when another long-term deal would still be theoretically possible.
Back then, Berríos was a front-of-rotation workhorse who could be banked on for 3-5 WAR per year. He hasn’t been getting as many strikeouts lately, making him feel more like a veteran innings-eater type. From 2022 to 2025, he posted a 4.14 ERA with a 20.7% strikeout rate, 6.9% walk rate and 41.7% ground ball rate.
Even that has been undercut by some injury concerns in recent months. He finished 2025 on the injured list due to elbow inflammation and has started this year on the IL as well, again due to elbow inflammation. The issue doesn’t appear to be major and he could be back with the Jays in the near future. He would have to come back healthy and pitch really well in the next few months for this opt-out to even be a consideration.
- Bo Bichette (29): can opt out of remaining two years, $84MM, taking a $5MM buyout
Bichette’s recent trip to the open market was an interesting case. He wasn’t the first notable free agent to settle for a short-term deal, but we do know that he could have taken a more traditional long-term pact. The Phillies reportedly offered him a seven-year deal worth around $200MM. That was pretty close to the eight-year, $208MM deal that MLBTR predicted at the beginning of the offseason.
Instead, Bichette went another way. The Mets offered a much higher average annual value on a short-term deal with opt-outs after each season. Bichette can collect $42MM from the Mets for his age-28 season. If he decides to return to free agency, he can take a $5MM buyout on his way out the door, going into his age-29 season.
He would be walking away from a big salary but another $200MM deal might be out there for him if he has another typical Bichette season. Perhaps he would look to lock that in but we have already seen him opt for the bigger salary once. Maybe he would do so again. On the other hand, it’s theoretically possible he can garner better long-term offers this coming offseason. Last time, he had question marks due to his knee injury and uncertain future position. This time, it’s possible he’ll be healthy and have some proof of concept as a third baseman.
Bichette will need to turn things around to even make this a discussion, as he’s off to a .228/.262/.263 start as a Met, but that’s in a small sample size of 61 plate appearances. He has lots of time to heat up.
- Corbin Burnes (32): can opt out of remaining four years and $140MM ($44MM deferred)
Burnes was a free agent after the 2024 season and few expected him to land in Arizona, but the Diamondbacks signed him to a six-year, $210MM deal, with $64MM deferred. The deal gave Burnes the chance to opt out after two seasons, which would be his age-30 and age-31 seasons.
The deal has not worked out as hoped so far. Burnes did give the club 11 good starts last year, posting a 2.66 ERA, but then required Tommy John surgery in June. He will be on the shelf for at least half of the 2026 season, if not more.
It is theoretically possible for Burnes to beat the remaining money on his deal. Blake Snell was going into his age-32 season in 2025 when the Dodgers gave him a five-year deal worth $182MM. A couple of years prior, Jacob deGrom did better at an even older age. He was going into his age-35 season when he got a five-year, $185MM deal from the Rangers.
For Burnes to make this a conversation, he’ll probably need to come back and shove for at least a few weeks. One or two starts in September won’t do it. It’s also worth considering that Burnes seemingly turned down larger offers from other clubs because he and his family live in Scottsdale. Even if he thinks there’s a chance of slightly more money out there, he might be happy where he is.
- Kyle Freeland (34) – $17MM player option for 2027 if 170 innings pitched in 2026
Freeland and the Rockies signed a five-year, $64.5MM extension back in April of 2022. The deal runs through 2026 but Freeland can unlock a $17MM player option by getting to 170 innings pitched this year. He hasn’t done that in a while, with 2022 being the last time he hit that mark. Even a minor injury that puts Freeland on the IL for a few weeks would quickly take this off the table.
Presumably, the Rockies don’t want him to trigger this. The deal was signed under the previous front office regime. Even at the time, it was a bit of a head-scratcher. Since it has been signed Freeland’s ERA has mostly been hovering around 5.00. That’s not so bad for a pitcher who plays his home games at Coors Field but the Rockies are now rebuilding and don’t seem likely to be in contention next year.
On the other hand, even without a real eye on contention, they have considered it worthwhile to invest in making the rotation more respectable. After losing 119 games last year, the new front office invested almost $20MM to sign Michael Lorenzen, Jose Quintana and Tomoyuki Sugano. Each of those guys got $8MM or less. Deals like that are probably preferable to spending twice as much on Freeland but it’s not as though that would be back breaking. Freeland is making $16MM this year, so it would be a modest raise.
- Ryan Helsley (32) – $14MM player option
Helsley became a free agent after last year and a pillow deal seemed likely. He had been so dominant at his best but was coming off a poor platform. From 2022 to 2024, he posted a 1.83 ERA with a 34.6% strikeout rate. But in 2025, his ERA jumped up to 4.50. It was an even worse 7.20 for the Mets, who had acquired him from the Cardinals at the deadline. He only struck out 23.2% of batters faced after the deal. There was some talk that he may have been tipping his pitches, as his stuff seemed the same.
The Orioles gave him a two-year, $28MM deal, with even $14MM salaries in each season. Ideally, Helsley would return to form. That would give the O’s a lock-down closer without a lengthy commitment, while Helsley could return to free agency and get a bigger payday.
The early results are mixed. Helsley has thrown 4 1/3 innings for the O’s. His 30.4% strikeout rate is a nice uptick but he has also walked 17.4% of batters faced in that small sample. He still has lots of time but the sooner he locks in, the more it will help him in the coming offseason.
- Clay Holmes (34) – $12MM player option
Holmes spent most of his career as a reliever until he hit free agency, when he drew interest as a starter. The Mets gave him a three-year, $38MM deal and stretched him out. That deal contained an opt-out after two years. That would give Holmes a chance to return to free agency with some proof of concept as a starter, while the Mets would hope to at least get a couple of decent seasons from him.
So far, so good. Holmes is striking out fewer batters as a starter but is still getting plenty of ground balls, leading to good results on the whole. He has thrown 178 1/3 innings as a Met with a 3.38 ERA. His 18.2% strikeout rate is well below his work as a reliever, when he was usually above 25%, but Holmes has induced grounders at a 56.4% clip. He has had a bit of luck from a .273 batting average on balls in play and 75% strand rate, but his 4.09 FIP and 4.39 SIERA suggest he would be a competent back-end starter even with more neutral luck.
A decent starting pitcher can beat $12MM these days, even one in his mid-30s. In the most recent offseason, Nick Martinez got $13MM from the Rays for his age-35 season. Chris Bassitt got $18.5MM from the Orioles for his age-37 season. Merrill Kelly got two years and $40MM from the Diamondbacks starting at age-37. Adrian Houser got two years and $22MM from the Giants beginning with his age-33 campaign, even though he had to settle for a minor league deal a year prior.
Holmes hasn’t been getting as many strikeouts as Kelly or Bassitt but he was comparable to Martinez and Houser last year, with far more grounders than anyone in that group. He’s not an ace but there could be a path to something better than what will be left on his deal.
- Tatsuya Imai (29) – can opt out of remaining two years, $36MM
Imai is just making his major league debut. Coming from Japan at the end of last season, there seemed to be big divisions in how he was viewed by major league teams. Some saw him as a viable mid-rotation guy but others felt his future would be as a leverage reliever.
Some, including us, thought that a team would bet on the upside. MLBTR predicted Imai to land a six-year deal worth $150MM. It seems no club was willing to go to that length, at least not yet. Imai signed a three-year, $54MM deal with the Astros. Opt-outs after each season give him a chance to return to free agency, ideally with a track record of success as a major league starter. He is still relatively young, turning 28 in May, so he should still be able to secure a long-term deal in the future if the results are there.
It has only been two starts but the numbers have been mixed. Imai has a huge 35.1% strikeout rate but a massive 18.9% walk rate. That lack of control is one of the worries with Imai. He got his walk rate down to 7% in his final NPB season but was above 11% from 2019 to 2023. Beating two years and $36MM would be easy if he’s a 29-year-old mid-rotation starter but he will probably stay if he doesn’t quite cement himself or gets pushed to the bullpen.
- Michael King (32) – can opt out of remaining two years, $58MM for a $5MM buyout
Not too long ago, King looked to be on his way to a nine-figure deal. He got a rotation chance with the Yankees late in 2023 and made the most of it. The Padres acquired him and put him into their starting group. King responded with an excellent 2024. He kept that going into 2025 until some injury issues popped up. From August 24th of 2023 until May 18th of 2025, King tossed 267 2/3 innings with a 2.72 ERA, 28.4% strikeout rate and 8.1% walk rate. FanGraphs credits him with 6.7 WAR for that span. The only six pitchers ahead of him on that leaderboard are Tarik Skubal, Chris Sale, Zack Wheeler, Logan Webb, Cole Ragans and Dylan Cease.
But King wasn’t able to carry that all the way into free agency. A pinched nerve in his shoulder sent him to the IL for a while. He returned but then quickly went back on the IL with left knee inflammation. He made a few starts in September but wasn’t as dominant as before.
Due to that unimpressive finish, he seemed likely to get a short-term deal with opt-outs, and that indeed came to pass. The Friars brought him back with a three-year deal worth $75MM. It’s a bit backloaded, a team preference since the Padres have been working with some payroll restrictions. King gets a $12MM signing bonus, $4MM annually, but he’ll get all of that even if he opts out. It’s a $5MM salary in the first season and then a $5MM buyout if he walks. Then there’s a $28MM salary in 2027 and $30MM for the final season.
He can easily beat that if he’s back in top form. As mentioned, he was pitching like an ace a year ago and was on a path to something well over $100MM. Even with the injuries, he almost got to nine figures. Through three starts, he has a 3.24 ERA. His 22.1% strikeout rate and 11.8% walk rate aren’t amazing but it’s a very small sample size.
- Yuki Matsui (31) – can opt out of remaining two years, $13.5MM
After years working as a closer in Japan, Matsui came over to North America ahead of the 2024 season. The Padres signed him to a five-year, $28MM deal. That pact allowed him to opt out after three years, as long as he didn’t have a major injury in the first two.
Matsui stayed healthy and has generally given the Padres solid relief work. He made more than 60 appearances and logged more than 60 innings in both 2024 and 2025. On the whole, he has a 3.86 ERA in 126 innings thus far. However, his 11.3% walk rate is high and his 24.6% strikeout rate is only about two ticks above average for a reliever. He hasn’t really been in a leverage role, with just one save and 12 holds. He began the 2026 season on the IL with a groin strain.
Two years and $13.5MM isn’t a massive amount of money in baseball terms but Matsui won’t beat that if he’s a low-leverage reliever. Those types of guys usually get one-year deals worth a few million. He would have another chance to opt out after 2027.
- Emilio Pagán (36) – $10MM player option
Pagán’s profile is well known at this point. He gets a lot of strikeouts but also allows lots of home runs. That leads to big swings in his ERA, depending on how many fly balls are leaving the yard. He had a 4.43 ERA with the Twins in 2022, then dropped that to 2.99 in 2023. The Reds signed him to a two-year deal with an opt-out. His ERA spiked to 4.50 in the first season and he decided to stay. He then had a 2.88 ERA in 2025.
He returned to free agency and the Reds re-signed him to basically the same deal as before. The first was $16MM over two years. The second deal gave him a slight bump to $20MM. Pagán has already allowed two home runs through 7 1/3 innings this year, leading to a 6.14 ERA. This one literally depends on which way the winds will be blowing this summer.
- Wandy Peralta (35) – $4.45MM player option
Peralta got a four-year, $16.5MM deal from the Padres going into 2024, with the final three seasons all being player options. That was a surprise at the time but the Friars like deals like this, seemingly because of their financial situation. The extra years lower the average annual value and therefore the hit to the competitive balance tax. If the player has a good season and opts out, that’s a loss to the roster but the Padres get him off the books.
With Peralta, he has mostly been a ground ball specialist in his career, getting opponents to pound the ball into the dirt at a 53.8% clip. His 19.1% strikeout rate is below average but he’s still been able to have some good seasons. His first two campaigns in San Diego were fine but weren’t enough for him to trigger either of his first two opt-out chances. He had a 3.99 ERA in 2024 and a 3.14 ERA last year. He has a 3.60 ERA in the early going in 2026.
$4.45MM isn’t a ton of money but veteran relievers can sometimes get squeezed. Andrew Chafin keeps having to settle for minor league deals, for instance. Peralta should probably just stick with San Diego for 2027 unless he has a surprisingly dominant season.
- Nick Pivetta (34) – can opt out of remaining two years and $32MM
The Padres signed Pivetta to a four-year, $55MM deal ahead of the 2025 season. Due to San Diego’s aforementioned payroll crunch, they backloaded the money. Pivetta got a $3MM signing bonus and $1MM salary in 2025. He is making $19MM this year, followed by two player options worth $14MM and $18MM. The 2027 option becomes a club option if Pivetta misses 130 days for a major injury.
The first season of the deal was the best of Pivetta’s career. He took the ball 31 times and posted a 2.87 ERA, though that may have been a bit fluky. His strikeout and walk rates held fairly steady compared to prior seasons. He went into 2025 with a 15.5% home run to fly ball rate but only 9.7% of his fly balls went over the fence last year. If his home run rates revert back to previous levels, his ERA would likely jump back to his usual range of the low 4.00s.
Two years and $32MM is beatable as a decent 34-year-old. Sonny Gray and Nathan Eovaldi both got three-year deals worth $75MM in recent years. Eovaldi was actually one year older, going into his age-35 campaign. Bassitt got three years and $63MM from the Blue Jays a few years back. Yusei Kikuchi got the same deal from the Angels. As previously mentioned, Kelly got $40MM over two years going into his age-37 season.
- Luis Severino (33) – $22MM player option
Severino signed a three-year, $67MM deal with the Athletics ahead of 2025. The A’s were desperate for pitching. Luring big leaguers there was going to be tough since they were going to be playing in a minor league park from 2025 to 2027. They also needed to spend a bit more to avoid putting their status as a revenue sharing recipient at risk. The Severino deal surpassed expectations and the industry consensus is that the A’s realized they had to overpay someone.
Though Severino accepted that job and has 67 million reasons to feel good about it, he also has a few reasons to feel annoyed and went public with those. It’s possible he’s eager to move on and maybe the opt-out was put into the contract so that he would have the ability to do so.
Last year’s results weren’t amazing, as he posted a 4.54 ERA. The minor league park played as hitter-friendly and may have hurt him, as he had a 6.01 ERA there compared to a 3.02 ERA on the road. However, that road ERA was helped by a tiny .249 BABIP. He only struck out 17% of batters faced in away games, so it’s not as though he was dominating. His 4.34 home FIP and 3.87 road FIP were much closer than the ERA splits.
Unless he really dominates in 2026, sticking with the A’s may be best financial decision. In the most recent offseason, decent starters got less than the $22MM Severino would be turning down. Zac Gallen got $22.025MM but with deferrals that knocked the net present value below $19MM. As mentioned, Houser got $22MM on a two-year deal. Steven Matz got $15MM over two. Bassitt got $18.5MM, Martinez got $13MM and Dustin May got $12.5MM via one-year deals. His 2026 results will play a role but his desire to get out of that minor league park may also be a factor.
Photo courtesy of D. Ross Cameron, Imagn Images
MLBTR Podcast: Previewing The 2026-27 Free-Agent Class
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…
- The April edition of MLBTR’s 2026-27 Free Agent Power Rankings (1:15)
- Tarik Skubal‘s free agency (5:00)
- Freddy Peralta‘s free agency (16:10)
- Bo Bichette‘s free agency (21:20)
- Jazz Chisholm Jr.‘s free agency (27:50)
- Trevor Rogers‘ free agency (34:20)
- Michael King‘s free agency (38:55)
- Daulton Varsho‘s free agency (41:40)
- The Pirates promoting Konnor Griffin a few days into the season (recorded prior to his extension becoming official) (48:30)
Check out our past episodes!
- Lots Of Extensions And Big-Picture Topics – listen here
- The PCA and Sanchez Extensions, And Prospect Promotions And Reassignments – listen here
- Banged-Up Reds And Braves, Kevin McGonigle, And Spring Breakouts – listen here
The podcast intro and outro song “So Long” is provided courtesy of the band Showoff. Check out their Facebook page here!
Photo courtesy of Mark J. Rebilas, Imagn Images
MLBTR Podcast: Three-Way Trade, Murakami’s Short-Term Deal, And Willson Contreras To Boston
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…
- The Pirates getting Brandon Lowe, Jake Mangum and Mason Montgomery for Mike Burrows in a three-team trade with the Astros and Rays (Recorded prior to the news of the Pirates agreeing to a deal with Ryan O’Hearn) (1:10)
- The Astros trading away Jacob Melton and Anderson Brito to get Burrows (10:10)
- The Rays trading away Lowe, Mangum and Montgomery for Melton and Brito, in addition to trading Shane Baz to the Orioles for four prospects and a draft pick (13:30)
- The Orioles giving up four prospects and a draft pick to get Baz (19:05)
- The White Sox signing Munetaka Murakami (25:40)
- The Red Sox acquiring Willson Contreras from the Cardinals (45:40)
- The Padres re-signing Michael King (54:35)
- The Athletics acquiring Jeff McNeil from the Mets (58:55)
Check out our past episodes!
- The Mets Sign Jorge Polanco, And The Braves, Blue Jays And Royals Make Moves – listen here
- Winter Meetings Recap – listen here
- An Agent’s Perspective with B.B. Abbott – Also, Cease, Williams, Helsley, And Gray – listen here
The podcast intro and outro song “So Long” is provided courtesy of the band Showoff. Check out their Facebook page here!
Photo courtesy of Wendell Cruz, Imagn Images
Padres Notes: King, Kelly, Darvish
The Padres reunited with Michael King this past week on a three-year deal that offers him the opportunity to opt out in each of the next two offseasons. As noted by Jeff Sanders of the San Diego Union Tribune, however, negotiations between the two sides didn’t kick into gear until very recently.
Sanders notes that president of baseball operations A.J. Preller instructed manager Craig Stammen and pitching coach Ruben Niebla to message King less than two weeks ago to see if King was interested in returning to San Diego. At the outset of the offseason, the right-hander initially preferred a return to the east coast, where he pitched for years with the Yankees after growing up in Rhode Island and going to college in Boston. King indicated to reporters (including Sanders) that while some teams had “blown [him] away” with strong offers, he didn’t believe those teams had the roster and commitment to winning necessary to field a World Series contender in 2026. King added that he was prioritizing winning “for the duration of the contract,” and that he was willing to take less in order to make that happen.
It seems that ended up being what he did with San Diego, which Sanders adds was the only west coast team King had interest in playing for. While King’s $75MM guarantee came in just shy of the $80MM guarantee MLBTR predicted for the right-hander at the outset of the offseason, it’s nonetheless a strong deal given the higher average annual value and opt-out opportunities after each season. With that said, King clearly was trending towards a nine-figure contract prior to his injury woes this past season. It’s not inconceivable that there was a team willing to look past the medical concerns and offer him that sort of deal this winter, given King’s comments. The Marlins, Cubs, Orioles, Yankees, and Red Sox were among the teams known to have interest in King’s services this winter, though Jon Heyman of the New York Post reports that the Yankees ultimately never made an offer to the righty.
With King in the fold alongside Nick Pivetta and Joe Musgrove, Preller indicated that he’s satisfied with the front of the club’s rotation. It seems the Padres had a strong desire to add to the front of their rotation this winter, however, as Dennis Lin of The Athletic reports that San Diego made a “competitive” offer to right-hander Merrill Kelly before landing King. Kelly ultimately landed with the Diamondbacks on a two-year, $40MM deal. The Athletic’s Ken Rosenthal recently reported that Kelly received a three-year offer from a west coast team that would’ve guaranteed the right-hander “more than $50MM,” and it’s not clear if the Padres were the team references in Rosenthal’s report, it certainly wouldn’t be a shock if the “competitive” offer Lin reports that San Diego made to Kelly was in that ballpark. A three-year offer in that range could theoretically have been similar to the four-year, $55MM contract the team signed Pivetta to last winter.
Perhaps Preller’s desire to add a front-of-the-rotation arm this winter in part stems from uncertainty surrounding Yu Darvish‘s future. The veteran right-hander underwent UCL surgery last month that will keep him out of commission for at least the entire 2026 campaign. What’s more, Kevin Acee of the San Diego Union-Tribune reported earlier this week that Darvish is not certain if he’ll pitch again following his rehab process. The 39-year-old hurler was limited to 15 starts this past year due to injury and struggled when he did take the mound, with a 5.38 ERA in 72 innings of work. Given that he’ll celebrate his 41st birthday during the 2027 season, it’s perhaps not a shock that Darvish is uncertain about his ability to return to a major league mound after this latest health-related setback.
Of course, the possibility of Darvish stepping away from baseball is complicated by his contract situation. The veteran righty is under contract for $16MM in 2026 and is set to make $15MM per year in both 2027 and 2028. If Darvish were to retire, as Acee has reported he’s contemplating, he would stand to lose out on at least some of that money. It’s also possible that Darvish and the Padres could negotiate a buyout, not unlike the process the Angels and Anthony Rendon are reportedly in the midst of ahead of the final year of his contract with the organization. Perhaps that sort of buyout could help create financial flexibility for the budget-conscious Padres, who have had to get creative with their contracts in recent years in order to remain competitive and continue spending in free agency.
Padres Re-Sign Michael King
December 19th: The Padres officially announced their deal with King today.
December 18th: The Padres have an agreement to re-sign Michael King to a three-year contract with opt-outs after the first two seasons. The Excel Sports Management client is reportedly guaranteed $75MM.
He’ll receive a $12MM signing bonus and a $5MM salary for the 2026 season. He’d collect a $5MM buyout if he opts out of the remaining two years and $53MM. King would make $28MM in 2027 if he opts in and would then have a $30MM player option for the ’28 campaign. While the Padres have yet to announce the deal, he has reportedly already passed his physical.
It’s a surprise strike for a San Diego team that had seemed likely to lose King and Dylan Cease in free agency. It wasn’t clear whether they’d have the short-term spending capacity to keep either pitcher. While they were never expected to come close to the $210MM guarantee which Cease received, they’ll bring King back on a short-term deal to help a rotation that was their top priority.
The 2026 season will be the righty’s third in San Diego. The Padres acquired King as the centerpiece of their Juan Soto return over the 2023-24 offseason. He had run with a limited rotation opportunity late in his final season as a Yankee after years of strong work out of the bullpen. San Diego committed to him as a full-time starter and was rewarded with a career season.
King pitched to a 2.95 earned run average with 201 strikeouts over 173 2/3 innings. He finished seventh in NL Cy Young balloting and entered his walk year as a candidate for a nine-figure contract. He looked on his way to a $150MM+ deal after getting out to an even better beginning to the ’25 campaign. He turned in a 2.59 ERA while striking out 28.4% of batters faced over his first 10 starts.
The Padres scratched King from his outing on May 24 with stiffness in his throwing shoulder. Then-manager Mike Shildt initially framed it as a minor issue that arose when the pitcher slept awkwardly. It proved a much bigger problem. King went on the injured list with what the team called inflammation. They subsequently determined it was a nerve injury that came with a nebulous timeline. He wound up missing almost three months.
King made his return on August 9. He made one start before going back down with left knee inflammation. That cost him another month, and he wasn’t as effective when he made it back for good in September. King didn’t get beyond five innings in any of his final four starts. He gave up 10 runs over 15 2/3 innings. Most of the damage came in an eight-run drubbing at the hands of the Mets on September 16. King’s final two appearances were scoreless, but those came with an uninspiring 7:6 strikeout-to-walk ratio.
The Padres didn’t fully trust King going into October. They opted for Nick Pivetta, Cease, and Yu Darvish to start in their Wild Card Series loss to the Cubs. King’s only playoff action was one scoreless inning of relief in the decisive Game 3. He struck out three of four batters while averaging 95.6 MPH on his fastball. That was his highest single game velocity of the season. That’s to be expected during a one-inning appearance with the heightened adrenaline of a must-win game, but it was an encouraging sign for the health of his shoulder.
San Diego issued the $22.025MM qualifying offer. It was an easy call for King to decline in search of a multi-year deal. This arrangement functions as a bit of a pillow contract but with a much higher floor than the one-year QO would have provided. King would make $22MM if he opts out after one year. That result would be the same as if he’d accepted the qualifying offer. The extra two guaranteed seasons afford him a lot more injury protection.
King’s guarantee technically falls just shy of MLBTR’s four-year, $80MM prediction. However, the higher average annual value and the opt-outs make this a stronger overall deal for the player. He’ll have a chance to return to free agency in advance of his age-32 season and cannot be tagged with another qualifying offer. A healthier season could position him for a four- or five-year contract.
Health is no small caveat. The ’24 campaign is the only time King has reached even 105 innings in a season. While that’s in part because the Yankees used him as a reliever, King missed extended stretches in 2021 (finger contusion) and ’22 (elbow fracture) in addition this year’s shoulder woes. The Padres are taking on some injury risk but get the upside of a potential top-of-the-rotation arm on a short-term deal.
King and Pivetta project as their top two starters. San Diego has reportedly discussed the latter in trade conversations but would need a huge return to move him. Joe Musgrove is back from Tommy John surgery and slots into the #3 rotation spot. They’ll be without Darvish for the entire season, so the final two starting jobs are up for grabs. Randy Vásquez and JP Sears lead the internal options, but the Padres could look for a cheaper back-end/swing type later in the winter. They’ll surely kick the tires on controllable arms in trade, as well, as both Pivetta and King can opt out.
San Diego’s projected payroll climbs to $218MM, as calculated by RosterResource. The backloaded nature doesn’t change the $25MM AAV used for luxury tax purposes. They’re up to a projected $259MM in tax commitments. They’ll exceed the $244MM base threshold for the second straight season. Repeat payors are taxed at a 30% rate for their first $20MM in overages. Re-signing King costs around $4.5MM in taxes.
The more significant development is that it moves them closer to the $264MM second tier, at which the rate climbs to 42%. The Padres had nearly $280MM in luxury tax commitments this year, according to Cot’s Baseball Contracts. Their actual salary obligations were around $209MM, though, so it’s unclear how much more flexibility the front office has at its disposal. In addition to the need for a back-end starter, they should acquire another bat to plug in at first base or designated hitter and could use a better utility infielder than Will Wagner and Mason McCoy.
King’s deal is the second-largest of the offseason in what has been a slowly developing market for free agent starting pitchers. Cease is the only other starter who has signed for more than $40MM so far. The rotation market should pick up in the next few weeks. NPB star Tatsuya Imai needs to sign before his 45-day posting window closes on January 2. Framber Valdez, Ranger Suárez and Zac Gallen join Imai as the top unsigned arms.
Mark Feinsand of MLB.com was first on the agreement, contract terms, and the note that the physical is already complete. Image courtesy of Vincent Carchietta, Imagn Images.
Latest On Michael King’s Free Agency
1:35pm: The Boston Globe’s initial report has been clarified to note that, while the Red Sox, Yankees, and Orioles are among the teams King is considering, there are no finalists for his services at this point.
1:11pm: Right-hander Michael King has narrowed his search for a new team to three options, according to a report from Peter Abraham of the Boston Globe. Those teams are the Red Sox, Yankees, and Orioles. Additionally, Chris Cotillo of MassLive reports that the Rhode Island native and Boston College alum has “strong interest” in playing for Boston. Abraham notes that King would like to make a decision on his destination soon.
King, 30 has been among the league’s most widely sought-after starters this winter. He’s been connected to the Mets, Cubs, Tigers, Marlins, Angels, and Blue Jays in addition to the three apparent finalists for his services, and it’s not hard to see why the right-hander would garner such widespread interest. The 30-year-old flashed significant upside during his 2024 season with the Padres, when he pitched to a 2.95 ERA in 173 2/3 innings of work with a 3.33 FIP and a 27.7% strikeout rate. That was a strong enough performance to earn him a seventh-place finish in NL Cy Young award voting that year, which was his first as a full-time starter.
The right-hander seemingly appeared to be lined up for a massive payday heading into his platform season of 2025, but injuries complicated things this past year. King was limited to just 15 starts by a nerve issue in his shoulder (as well as a less significant knee injury late in the year), and while he dominated to the tune of a 2.59 ERA, 3.26 FIP, and a 28.4% strikeout rate in ten appearances prior to the shoulder injury, he didn’t look quite the same after returning with a 6.11 ERA and a 14.5% strikeout rate a 10.8% walk rate across his final five appearances in the regular season.
King moved to the bullpen for San Diego’s Wild Card series against the Cubs and looked more like himself as he struck out the side on 19 pitches in a scoreless inning of work, but headed into the offseason his second half struggles and significant injury woes left cause for concern as he entered free agency. He received a qualifying offer from the Padres, a positive sign that the club didn’t see King’s injuries as too concerning for the 2026 campaign, and declined it in order to pursue a multi-year pact in free agency.
Looking at the three teams still in the running for King’s services, the Orioles stand out as the team with the biggest need in their rotation. The club is coming off a deeply disappointing 2025 campaign where their decision to eschew high-end arms in free agency came back to bite them, as rolls of the dice on Charlie Morton and Tomoyuki Sugano failed to bear fruit while Zach Eflin took a big step back from his previous work with the Rays. While Kyle Bradish and Trevor Rogers could plausibly form an exciting front-of-the-rotation duo for the Orioles next year, adding at least one proven, playoff-caliber starter to the mix has been the team’s clear priority this winter.
King would certainly fit that mold if healthy, and likely could do so without breaking the bank and requiring Baltimore to commit to a second nine-figure contract this winter after they signed Pete Alonso last week. MLBTR predicted King to land a four-year, $80MM contract as the #14 ranked free agent in this offseason. Of course, with top-of-the-rotation upside and an expected contract price tag and length that falls below that of your typical front-end starter, there’s plenty of room for a more opportunistic team to get involved.
That’s likely where the Red Sox come in, given that Boston is incredibly deep in pitching talent as it is. Garrett Crochet leads a rotation that figures to also include Sonny Gray and Brayan Bello at the front end, with players like Johan Oviedo, Patrick Sandoval, and Connelly Early in the mix for the final spots as things stand. Kutter Crawford, Payton Tolle, Kyle Harrison, and Hunter Dobbins are among the pitchers who figure to serve as depth for the Red Sox this year, an embarrassment of riches that make adding a starter in free agency more of a luxury than a necessity.
Even so, landing King on a deal that the Red Sox perceive as good value would still make sense, as it could free them up to more fully explore trades involving some of their young pitching talent. Boston has already been connected to Ketel Marte, Willson Contreras, and Isaac Paredes on the free agent market as they search for help on offense this winter, and perhaps signing King and trading from their pitching depth to land one of those big names could be more attractive as an option than taking a swing on one of the big bats still available in free agency.
As for the Yankees, a reunion with the team King spent the first five years of his MLB career with splits the difference between the extremes Baltimore and Boston represent. New York isn’t in desperate need of a front-of-the-rotation ace with Max Fried already in place and Gerrit Cole expected back from Tommy John surgery at some point next year, but their rotation could certainly use additional depth. Cole and Carlos Rodon are both not expected to be ready for the start of the 2026 campaign, while Clarke Schmidt figures to miss most if not all of next year.
That leaves the Yankees with an Opening Day rotation of Fried, Cam Schlittler, Luis Gil, Will Warren, and Allan Winans. Given Winans’s lack of MLB experience and Gil’s significant injury history, there’s certainly room for another quality starter in the Yankees’ rotation mix even if they don’t necessarily need one with the same level of upside that King offers. Even so, King was a popular player during his time with the Bronx and well-liked within the organization. Between the potential value to be had on King’s contract and his past connection to the club, it’s hardly a surprise that New York would get involved in his market as they survey the offseason landscape for rotation help.
Mets Notes: King, Senga, Scott, Minter, Alonso
The Mets were linked to Michael King‘s market earlier this week, and the team’s interest is developed enough that the two sides had a video meeting, the New York Post’s Joel Sherman reports. Sherman adds that King’s past experience pitching in New York with the Yankees is a plus for the Mets, and the likelihood that King will sign a somewhat shorter-term contract matches the Amazins’ preference to avoid long-term commitments to pitchers.
MLB Trade Rumors did project King for a four-year, $80MM deal, while ranking the right-hander 14th on our list of the winter’s top 50 free agents. At least eight other teams besides the Mets have been connected to King, so it’s possible there’s enough interest for King to lock in a four-year guarantee just because frontline pitching is such a valued asset. That said, the 2024 season represents King’s only full season as a starter, as he was limited to 15 starts and 73 1/3 innings with the Padres last season due primarily to a pinched nerve in his shoulder, and then a bout of knee inflammation.
King felt confident enough in his market to reject San Diego’s qualifying offer, and so any team that signs the righty will have to cough up some kind of draft compensation. For a luxury tax-paying team like the Mets, the penalty for signing a qualified free agent is particularly steep, as New York would have to surrender $1MM in international bonus pool money as well as their second- and fifth-highest picks in the 2026 draft.
There has been speculation that King might be open to accepting a shorter-term contract with an opt-out clause or two, perhaps so he could re-enter the market as soon as next winter on the heels of a healthy and productive season. Giving up two picks for just one year of King carries some risk for the Mets even if that would fit their short-term window, and if King has a good enough year that he’s willing to opt out, that’s also a boost to the pitching staff. Given how New York’s rotation was beset by injuries in 2025, the Mets would probably prefer to add a pitcher with more of a proven track record of durability, but acquiring such a player could come with a higher price tag of years or money.
Speaking of the Mets’ injury-plagued rotation, president of baseball operations David Stearns gave a few updates on the staff while speaking with SNY’s Ben Krimmel, MLB.com’s Anthony DiComo (multiple links), and other reporters at the Winter Meetings. Perhaps the most noteworthy update focused on Kodai Senga, who Stearns said is feeling “as good physically as he has since that 2023 season.” The executive called this “the most encouraging development we’ve had in terms of our offseason player progression,” and said Senga was planning to return to the U.S. from Japan to throw around the end of December.
After bursting onto the MLB scene with a fantastic 2023 campaign, Senga pitched in just one game in 2024, and then more injuries and a downturn in form led to the righty tossing just 113 1/3 frames for the Mets this past season. Senga got off to a terrific start in 2025 but never seemed the same after a month-long stint on the IL due to a hamstring strain. After posting a 5.90 ERA over what ended up being his final 39 2/3 MLB innings of the season, Senga agreed to be optioned to Triple-A in September, and he allowed five earned runs over two starts and 9 2/3 innings with Syracuse.
Reports indicate that the Mets are open to trading Senga, and moving on from the last two years and $28MM of his contract. For his part, Senga wants to stay with the Mets, and his 10-team no-trade clause gives him some degree of control over his fate. Considering how the Amazins need pitching themselves, simply keeping Senga is also certainly an option, especially if the club is encouraged that he’ll be able to stay healthy. Then again, Stearns’ comments may also be read as an executive perhaps trying to calm any doubts about Senga’s health in order to help facilitate a trade.
In other rotation news, Stearns said Christian Scott will be fully ready for the start of Spring Training. Scott underwent a Tommy John/internal brace hybrid procedure in September 2024 that kept the right-hander sidelined for the entirety of the 2025 campaign. This absence made Scott a bit of a forgotten man behind other highly-touted Mets pitching prospects, yet it wasn’t long ago that Scott was himself a well-regarded arm who made a rapid climb up the minor league ladder. Scott made his MLB debut in 2024, posting a 4.56 ERA over nine starts and 47 1/3 innings before being sidelined by injury.
A.J. Minter is also returning from a season-ending surgery, as the reliever’s 2025 campaign was cut short by a torn lat muscle in May. The lengthy rehab process could extend into the 2026 season, as Stearns said it isn’t a guarantee that Minter will be ready by Opening Day, though Minter isn’t expected to miss much time if he does need to begin the year on the injured list.
The Mets have gotten little return on last offseason’s two-year, $22MM investment in Minter, and it isn’t great that there’s still a question mark hanging over his immediate availability for 2026. The veteran southpaw’s 2024 campaign was also hampered by hip problems that eventually required a season-ending surgery, so it has been some time since Minter was fully healthy. Between Minter’s status and the free agency of Edwin Diaz and several other members of the 2025 relief corps, it is no wonder that New York continues to be focused on more bullpen additions, beyond their three-year deal with Devin Williams.
Stearns also addressed Pete Alonso‘s upcoming visit to the Winter Meetings, as Alonso (who lives in Tampa) is expected to head to Orlando to conduct in-person meetings with the Orioles, Red Sox, and any other teams interested in his services. While the Mets remain interested in re-signing the Polar Bear, Stearns said “I think Pete knows us really well, and I think we know Pete really well. I think he’ll take the time here to perhaps meet with organizations he doesn’t know quite as well, and I’m sure we’ll be in touch.”
Latest On Michael King’s Market
Michael King is one of the bigger risk-reward plays in the starting pitching class. He’s arguably a top 10 pitcher in MLB when healthy but is coming off a platform season that was wrecked by a nerve injury in his throwing shoulder. He’s also attached to draft compensation after rejecting a qualifying offer from the Padres.
That hasn’t deterred plenty of teams from expressing interest. King was already known to be a target for the Cubs, Tigers and Yankees, while even the Marlins checked in as a long shot suitor. Mark Feinsand of MLB.com and Joel Sherman of The New York Post each write that the Mets are involved. Feinsand adds the Orioles, Angels and incumbent Padres as teams on the periphery of the market. Sherman reports that the Red Sox have also shown interest in the 30-year-old righty.
King converted to the rotation late in the 2023 season as a member of the Yankees. He pitched well enough to stick as a starter after being traded to San Diego as the centerpiece of the Juan Soto deal. King finished seventh in NL Cy Young voting in 2024, pitching to a 2.95 ERA while striking out 201 batters over 31 appearances. He’d pitched even better over the first six weeks of the ’25 campaign. King reeled off 10 starts with a 2.59 earned run average and punching out 28% of opponents before the injury.
Durability is the big question. The shoulder issue wasn’t structural but proved a lot more problematic than initially expected. He wound up missing almost three months and showed signs of rust when he returned late in the season. King gave up 12 runs while tallying all of 17 1/3 innings over five starts in the second half. His velocity was fine but he only managed 12 strikeouts while issuing nine free passes.
King appeared on track for a nine-figure contract amidst his hot start. That’s tougher to envision now, as the 2024 campaign remains the only season in which he has reached even 105 innings. That’s largely because of his usage with the Yankees, but he also missed a couple months in 2021 with a finger injury and suffered a season-ending elbow fracture the following year.
MLBTR predicted King to receive a four-year, $80MM contract. It’s also possible he prefers a two- or three-year deal with an opt-out to get back to free agency next winter. King declined the straight one-year qualifying offer, but a multi-year deal with an out clause would give him a little more security than the QO would have provided. Jeff Passan of ESPN wrote this morning that King is willing to sign for a shorter term than the top free agent arms (e.g. Framber Valdez, Tatsuya Imai, Ranger Suárez). That wouldn’t necessarily rule out a four-year deal, as the best starters are expected to command five or six-year contracts. Dylan Cease already pulled a seven-year guarantee.
The Mets should come away with a mid-rotation or better arm via free agency or trade. They stayed away from the top of the rotation market last winter. That worked out early in the year but collapsed down the stretch. Only the Rockies, Nationals and Angels had a higher second-half ERA from their rotation than the Mets’ 5.31 mark. Nolan McLean looks like a budding frontline starter, but he’s their only pitcher who allowed fewer than 4.20 earned runs per nine after the All-Star Break.
Baltimore, Boston, San Diego and the Angels have all been in the rotation market. The Red Sox should probably focus elsewhere after acquiring Sonny Gray and Johan Oviedo in trade. The Angels have landed a pair of starters this offseason as well, but Grayson Rodriguez and Alek Manoah both have significant health questions. They still need a starter and are also in the mix for Zac Gallen. The O’s are involved on Valdez and Suárez; no pitcher seems to be off the table for them. The Padres are unlikely to spend what it’d take to bring King back, though they’ll need multiple rotation adds after also losing Cease to free agency and Yu Darvish to elbow surgery.
Tigers Have Interest In Michael King
The Tigers have expressed interest in free agent starter Michael King, reports Evan Petzold of The Detroit Free-Press. King has also been tied to the Yankees, Cubs, Blue Jays and Marlins — though the latter two teams are unlikely fits. Toronto is probably done adding to the rotation now that they’ve agreed to a three-year deal with Cody Ponce. Miami has bigger priorities on the infield and in the bullpen and always seemed a long shot to spend at this level.
King is coming off an injury-shortened season in which he was limited to 15 starts. A nerve issue in his throwing shoulder proved a lot more irritating than initially expected and wound up costing him two and a half months. He also had a minimal injured list stint due to knee inflammation. King looked shaky when he returned in September, allowing 10 runs with a modest 11:7 strikeout-to-walk ratio across 15 2/3 innings.
That adds some risk to his first career trip through free agency. A fully healthy version of King is one of the best pitchers in MLB, though. He finished seventh in NL Cy Young balloting during the 2024 season. King turned in a 2.95 earned run average across 173 2/3 innings in his first full season as a big league starter. He was out to an even better start this year, working to a 2.59 ERA with a 28% strikeout rate over 10 appearances before the nerve injury.
There wasn’t any structural damage. King finished the season healthy, though the Padres didn’t trust him enough to start over Yu Darvish in an elimination game in the Wild Card Series. They were content to make him a qualifying offer, which probably would not have been the case if they felt the injury might impact him in 2026. King rejected in search of a multi-year contract. He’s generally not expected to return to San Diego.
The Tigers are in the market for starting and relief help. They don’t have a clear #2 starter behind Tarik Skubal. That’d probably fall to Reese Olson, but he missed the final two months of 2025 to a shoulder strain. Jack Flaherty is back after exercising his $20MM player option following an up-and-down year. Casey Mize pitched well overall but is more of a #3 or high-end fourth starter than someone the Tigers would want directly behind Skubal in a playoff series. Jackson Jobe won’t be available until the second half after undergoing Tommy John surgery in June.
Rookie righty Troy Melton, who pitched out of the MLB bullpen down the stretch, would probably be the fifth starter if the season opened tomorrow. Keider Montero and Sawyer Gipson-Long lead a thin collection of depth arms. Everyone from that group has minor league options and could work from the bullpen. All teams use more than five starters, so the Tigers certainly need at least one or two additions to protect against injuries.
Blue Jays Still Exploring Rotation Additions After Dylan Cease Deal
The Blue Jays made a big move to upgrade their rotation by signing Dylan Cease to a seven-year deal, but they may not be done. Ben Nicholson-Smith of Sportsnet reports that the Jays have remained engaged on the starting pitching market even after agreeing to terms with Cease. The report mentions that the Jays had interest in Joe Ryan of the Twins and MacKenzie Gore of the Nationals prior to the trade deadline, while also suggesting the Jays have some interest in free agents Michael King and Cody Ponce.
The Toronto rotation currently projects to include Cease, Kevin Gausman, Shane Bieber, Trey Yesavage and José Berríos, with guys like Eric Lauer, Ricky Tiedemann and Bowden Francis in the mix as well.
That’s a pretty strong group but there are some question marks. Bieber’s decision to trigger his $16MM player option has led to speculation he may not be 100% healthy. He could have taken a $4MM buyout and returned to free agency, only needing to get $12MM to come out ahead, but a new deal would have required him to pass a physical. To be clear, that’s entirely speculative. There has been no public indication anything is wrong with Bieber, but it’s one possible explanation for why he didn’t pursue a larger deal. Another explanation could be that he simply wanted to stay with the Jays for another year before heading to free agency after a fully healthy season.
Beyond that, Gausman turns 35 in January. Yesavage had a tremendous debut late in the year but is still light on big league experience. Berríos had a mediocre 2025 and finished the season on the injured list due to elbow inflammation, though he is supposedly going to have a normal offseason. Lauer worked both as a starter and a reliever in 2025 and seems likely to do so again next year. Tiedemann has been on prospect lists for years but already had workload concerns before Tommy John surgery wiped out his 2025 season. Francis had a good showing in 2024 but was held back by shoulder problems this year.
There’s also the long-term picture to consider. Gausman, Bieber and Lauer are all slated for free agency after 2026. Berríos can also opt-out of his deal at that time. There’s reportedly been some consideration of trading Berríos but that will be a challenge considering his health status, results and opt-out. The general point is that there’s not a lot of long-term certainty. Signing Cease upgraded the rotation for the upcoming campaign and beyond. Yet another acquisition could do the same.
Gore is a pretty straightforward trade candidate. The Nationals are rebuilding and aren’t likely to be contending for a while. Gore is controlled for two more years and is represented by the Boras Corporation. It’s not true that Boras clients never sign extensions but it’s a decent bet that Gore and Boras are looking forward to free agency.
It’s notable that the Jays were interested in him ahead of the deadline but his situation has changed a bit since then. He was dominant through the All-Star break in 2025, as he had an 3.02 earned run average, 30.5% strikeout rate and 7.7% walk rate at that time. But he struggled down the stretch and went on the IL twice, first due to shoulder inflammation and then an ankle impingement. His results suffered and he finished the year with a 4.17 ERA.
The Nats are getting interest in Gore this offseason but could perhaps wait until the upcoming trade deadline if they don’t get offers to their liking. He is projected by MLBTR contributor Matt Swartz to earn $4.7MM next year, with another arbitration control beyond that. The Nats have very little on their books and don’t need to move him for financial reasons. If the Jays want to circle back to Gore, they might have to put a notable prospect package on the table.
The situation with Ryan is somewhat analogous. He is also two years away from the open market, with a projected $5.8MM salary next year. He has been a pretty consistently above average pitcher in his career. In his 641 1/3 innings, he has a 3.79 ERA, 27.6% strikeout rate and 5.7% walk rate.
The Twins seemed to kick off a rebuild or retool or reset or whatever at the deadline. They traded a number of relievers, including Louis Varland to the Jays, and sent Carlos Correa back to Houston. Coming into this offseason, many expected Ryan and other Twins to be on the trade block but Minnesota’s president of baseball operations Derek Falvey has downplayed the idea that he needs to continue subtracting from the roster.
If the Jays can’t find solutions on the trade market, they could sign another free agent. Nicholson-Smith reports that King “could be” of interest. Though the Jays wouldn’t sacrifice prospects directly, they would still be hurting their farm system. King rejected a qualifying offer from the Padres and is therefore tied to the associated penalties. Since the Jays paid the competitive balance tax in 2025, they would have to forfeit two draft picks and $1MM in international bonus pool space. Cease also rejected a QO from the Padres, so the Jays have already paid that price. If they were to end up with Cease and King, that would mean giving up a total of four draft picks and $2MM from their bonus pool.
It’s unclear if the Jays would be willing to go down that road. It presumably depends on what kind of financial price they would have to pay to sign King. He seemed on track for a nine-figure deal before injuries hampered him in 2025. MLBTR predicted him for a four-year, $80MM deal but it’s possible King looks for a shorter deal with opt-outs, so that he can return to free agency with a healthier platform season.
He had a really strong run from the second half of 2023 through the beginning of 2025. With the Yankees in 2023, he was blocked and stuck in a relief role. As the Yanks were playing out a lost season two years ago, they let King take a rotation job. He performed well and was flipped to the Padres prior to 2024, which eventually became his best season. From August 24th of 2023 through May 18th of 2025, he tossed 267 2/3 innings with a 2.72 ERA, 28.4% strikeout rate and 8.1% walk rate. FanGraphs had him seventh among pitchers in the majors in wins above replacement for that span, behind only Tarik Skubal, Chris Sale, Zack Wheeler, Logan Webb, Cole Ragans and Cease.
The latter months of 2025 were marred by injury, however. A nerve injury in his shoulder put him on the shelf for several months. He came off the IL in August but left knee inflammation sent him right back there. He returned in September and wasn’t amazing, allowing ten earned runs in his final 15 2/3 innings. The Padres gave the Game Three start in the Wild Card round to Yu Darvish, who was 39 years old and battling elbow problems which would require surgery a month later, instead of King.
It all makes King one of the more interesting free agents of the offseason. He was a borderline ace for a while there but also has only one big league season with more than 15 starts. Teams likely have varying opinions on what they expect from him going forward.
As for Ponce, he’s also a wild card, but for different reasons. His MLB track record is small but he’s been pitching well overseas. He just wrapped up a season in which he tossed 180 2/3 innings for the Hanwha Eagles of the Korea Baseball Organization with a 1.89 ERA. His 252 strikeouts were a single-season KBO record. He was named the league MVP for his dominant season but remains unproven in North American ball. Regardless, it has been reported that he could earn $30MM to $40MM on a three-year deal.
Time will tell how aggressively the Jays go after another rotation upgrade. They still have needs elsewhere, including the back of the bullpen. Bringing in an impact bat, such as Kyle Tucker or reuniting with Bo Bichette, seems to be on the to-do list as well. RosterResource projects the Jays for a $263MM payroll and $272MM competitive balance tax figure next year. Those numbers were $258MM and $283MM at the end of 2025. It’s unclear how much farther they can push things but perhaps their deep playoff run in 2025 has created some extra spending capacity in 2026.
Photo courtesy of Matt Krohn, Imagn Images