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The Giants Shouldn’t Call It An Offseason Yet

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The Giants' offseason got out to a roaring start and has quieted to something of a murmur. Even before the winter truly began and they formally announced a changing of the guard in baseball operations, then-advisor and now-president of baseball ops Buster Posey at least had a hand in (if he wasn't firmly driving the bus) extending Matt Chapman for six years and $151MM. At his introductory press conference, Posey offered up the following quote:

"I think back on some of my earliest memories walking into a spring training clubhouse -- walking in and seeing Willie Mays sitting at a table with Willie McCovey and Gaylord Perry, Juan Marichal. The next week it's Will Clark, Jeff Kent, Barry Bonds. I always appreciated -- and I don't think I appreciated it as much when I was a younger player -- but as time went on, I appreciated what that meant not only to the community but to us as players. There's a standard and expectation for being a San Francisco Giant. It's a privilege to try to go out on the field and hold ourselves accountable to that standard. You can go more toward my era, with [Matt] Cain and [Tim] Lincecum, [Madison] Bumgarner and [Brandon] Crawford and [Brandon] Belt. What I came to realize is sure, all those guys were great players and part of great teams, but what those guys ultimately meant to the San Francisco Giants fanbase and the community was memories. And all of us that are lucky enough to get to be involved in baseball in whatever capacity, understand that not only is it the greatest game in the world, but we're in the memory-making business. It's ultimately entertainment. It's an opportunity for grandparents and parents to share memories. It's an opportunity for strangers sitting out in the bleachers to share a great memory that happens at the ballpark and that can be talked about from that time on for the rest of their life, potentially."

Just over a month into the offseason, that mentality appeared to be on full display. Willy Adames put pen to paper on the largest contract the franchise had ever handed out: a seven-year, $182MM contract. The team was tied to marquee free agents like Corbin Burnes and looked into trades for star players like Kyle Tucker and Garrett Crochet, ultimately balking at the notion of including top prospect Bryce Eldridge in a package for either. Still, it was a promising start to a winter after years of the Giants eschewing bids for high-end free agents and generally showing an aversion to long-term commitments.

The vibe surrounding the Giants seems much different just six to seven weeks later. The Giants' most recent move was a cost-saving trade. Posey is now expressing that he's comfortable with the roster as currently constructed.

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Poll: Should The Phillies Extend J.T. Realmuto?

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Earlier this offseason, reporting out of Philadelphia indicated that Phillies brass are considering reducing the workload of veteran catcher J.T. Realmuto as he enters the final season of his deal with the club, after the first season of Realmuto’s career where he played less than 100 games due to injury. In that same report, there was a suggestion that the club could look to broach the topic of a contract extension with Realmuto ahead of his final year of team control, whether that would ultimately come later in the offseason or once camp opened up for Spring Training.

As January comes to a close, there have been no further reports regarding the state of talks between the sides. That could change quickly, however, given that camp will open in just two weeks. After all, last winter saw plenty of rumors about the possibility of an extension between the Phillies and right-hander Zack Wheeler, but talks did not begin until Spring Training was underway and eventually resolved in early March. Should the Phillies be interested in following a similar timeline with Realmuto, it’s easy to imagine talks starting up in the near future.

Realmuto, 34 in March, was dealt to the Phillies by the division rival Marlins prior to the 2019 season and has been a key cog in the Philadelphia lineup ever since. In 699 games for the club, the veteran has slashed an excellent .266/.331/.463 with a 112 wRC+. That puts Realmuto alongside Salvador Perez and Sean Murphy has one of the better offensive catchers in the past decade, though he falls outside the top tier occupied by Adley Rutschman, William Contreras, Willson Contreras, and Will Smith. Realmuto was at his best during the 2022 season, when he finished seventh in NL MVP voting, won the Gold Glove and Silver Slugger awards for the catcher position, and became the second catcher in MLB history to post 20 homers and 20 steals in a single season.

The past two seasons have seen Realmuto’s age and heavy workloads begin to catch up with him, however. He’s hit just .258/.315/.442 (105 wRC+) since the start of the 2023 campaign. His 25.2% strikeout rate during that time is higher than ever, and his walk rate has dipped to just 6.5%. Perhaps more importantly, Realmuto has fallen from the upper echelon of defensive catchers in the sport to become below average in terms of both blocking and framing, though he still remains elite when it comes to controlling the running game. While Realmuto has remained productive even amid this recent decline in skills, it’s fair to wonder if the veteran’s downturn in production the past two years could worsen as he enters his mid-30s given the harsh aging curve associated with the catcher position.

On the other hand, Philadelphia’s options without Realmuto in the fold are uninspiring. After a strong year as Realmuto’s backup in 2022, Garrett Stubbs has been one of the worst hitters in the sport the past two seasons with a paltry .206/.287/.271 slash line in 95 games. Youngster Rafael Marchan hit a far more robust .294/.345/.549 (146 wRC+) last year while filling in for Realmuto during his trip to the injured list, but that came in a sample of just 17 games and 56 plate appearances. If Realmuto were to head to free agency after the coming season, the Phillies would need to find an external addition at catcher to fortify that group anyway.

None of those options figure to be a clear upgrade even over the diminished form Realmuto has shown the past two seasons. Danny Jansen, Jose Trevino, and Victor Caratini are among the best catchers expected to be available next winter, but Realmuto’s 105 wRC+ is tied with Caratini for the lead among that group over the past two years and his 4.2 fWAR easily clears the production that trio has put up in timeshare roles. While a big season from Jansen and/or an additional step back from Realmuto could change things, a healthy season from Realmuto with a reduction in his day-to-day workload could improve his numbers and make him more difficult to bring back should he make it to the open market.

How do MLBTR readers feel president of baseball operations Dave Dombrowski should handle Realmuto ahead of his final season under contract? Have your say in the poll below:

Should The Phillies Extend J.T. Realmuto This Spring?
No, let him test free agency and put off deciding on the future of the position until after the season. 63.24% (2,955 votes)
Yes, keep him from hitting free agency and lock him down as the starting catcher. 36.76% (1,718 votes)
Total Votes: 4,673

Poll: Should The Padres Trade Dylan Cease Or Michael King?

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While the Padres no longer appear to be under a mandate to cut payroll for the 2025 season, signs still point to the club needing to make a trade or two in order to free up space in an already-maximized budget if they hope to address multiple holes in the lineup. That’s led to plenty of rumors surrounding the club’s pending free agents, the most valuable of whom are without a doubt right-handers Dylan Cease and Michael King.

Trading a front-line starter like Cease or King might seem counterproductive for a club that’s already lacking in rotation depth, but it’s possible that the trade return for either player could involve a young starter or two while allowing the Padres to reallocate the freed up payroll space to the lineup. It’s surely under that logic that San Diego has explored Cease’s market and discussed King with rival clubs as well. The Padres have reportedly been more resistant to trading King under the belief that he’s more likely than Cease to sign an extension, but president of baseball operations A.J. Preller is generally open-minded when it comes to trade discussions. That the two sides face a nearly $1.5MM gap after exchanging salary figures and appear headed toward an arbitration hearing only adds an additional layer of complexity.

Cease, 29, is the bigger name of the two righties. A longtime top prospect with the Cubs and White Sox, the right-hander debuted on the south side back in 2019 and had developed into a legitimate front-end arm by 2021. Over the past four seasons, he’s pitched to a 3.52 ERA (120 ERA+) with a 3.32 FIP and an excellent 29.7% strikeout rate. Perhaps even more impressive than Cease’s strong rate numbers is his volume. The right-hander has been a workhorse by the standards of the modern game with 716 innings of work across 130 starts since the start of 2021. That’s the most starts and seventh-highest innings count of any starter in that time.

By contrast, King doesn’t offer the same level of star power or track record. The 2024 campaign was actually the first time King has acted as a full-time starter in the majors, and his 173 2/3 innings of work were not only a career high but the first time he had thrown even 105 innings since 2018. The results can’t be denied, however, and King was nothing short of excellent. He posted a 2.95 ERA (139 ERA+) with a 3.33 FIP. His peripherals are quite similar to Cease, as well; his 27.7% strikeout rate was a touch lower than Cease’s 29.4% figure, but his 8.7% walk rate was nearly identical to Cease’s 8.5%. King’s 6.2% barrel rate was far better than that of Cease.

Given that similar production and a price tag that’ll be $5-7MM less than that of Cease, it’s easy to imagine some clubs preferring King between the two. If King can fetch what the Padres deem to be a better return, moving the more affordable arm and keeping the more proven/durable righty makes some sense. On the other hand, King still seems likelier to sign an extension than the Boras Corp-represented Cease, and Cease has shown some year-to-year volatility. He posted a below-average ERA as recently as 2023.

If you were in Preller’s shoes and needed to free up some payroll space to address various holes on the roster, how would you proceed with your coveted rotation duo? Have your say in the poll below:

Which Should The Padres Trade?
They shouldn't trade either pitcher. 40.08% (3,072 votes)
They should trade Dylan Cease 28.31% (2,170 votes)
They should trade both. 22.82% (1,749 votes)
They should trade Michael King 8.79% (674 votes)
Total Votes: 7,665

Dodgers & Deferrals: A Misguided Focus

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Zack Scott, former Mets Acting GM and four-time champion with the Red Sox, empowers sports operations and individuals to win through Four Rings Sports Solutions. He specializes in data-driven strategies and leadership development. His Sports Ops Launchpad helps aspiring sports ops pros break into the industry. Connect with him on LinkedIn here.  Zack will be contributing periodically to MLB Trade Rumors. 

The Dodgers aren’t ruining baseball with massive salary deferrals. They may be causing a perception issue for MLB, but focusing on deferrals for the next Collective Bargaining Agreement would be a misguided effort—a political gesture that won’t address the core competitive balance issues.

Deferrals serve two primary purposes: helping teams close deals and giving players a big headline to validate their market value and boost their status. They’re not a circumvention tool around the Competitive Balance Tax (CBT) rules. Spending power, not contract structure, drives baseball’s economic landscape. Teams with greater resources have always been able to outspend smaller-market teams. This dynamic is inherent in leagues without hard salary caps.

Over the past five years, the Dodgers have become a lightning rod for fan discontent by deferring over $1B to acquire many star players. Shohei Ohtani’s $680MM deferred salary is an extreme example, but their long-term contracts consistently feature deferrals.

Let’s consider a hypothetical scenario: What if deferrals were prohibited? Would the Dodgers still have offered Ohtani a $700MM contract? It’s highly unlikely. A league where deferrals are banned wouldn’t change the Dodgers’ desire to acquire Ohtani, but it would necessitate a different contract structure. Guaranteed dollar amounts would likely align more with the present value calculations we observe in current MLB contracts.

Ohtani’s contract (97% deferred) calculates to a $460MM present value using MLB’s 4.43% discount rate. This figure makes sense in historical context, as it surpassed Trout’s $426.5MM (no deferrals), which stood as the highest for nearly five years. However, it’s crucial to understand the discount rate’s role in these calculations. MLB uses a conservative rate, which limits the CBT benefits for teams.

This standardized rate doesn’t reflect team owners’ financial realities. Many owners, especially those directly connected to global investment firms, achieve significantly higher returns. Consider Guggenheim’s Mark Walter, the Dodgers’ owner, whose firm has generated approximately 10% average annual returns, or Point72’s Steve Cohen, the Mets’ owner, with around 14% average annual returns. The present value drops significantly if we apply these more realistic discount rates to Ohtani’s deferred contract.

Using Walter’s rate, the present value would be approximately $282MM. Using Cohen’s rate, it would be even lower, around $203MM. This substantial difference reveals that the perceived CBT advantages from deferrals are less significant than they initially seem. Although deferrals offer teams greater financial flexibility in managing cash flow, their present value is inflated by the conservative discount rate used for CBT calculations.

While the CBT benefits from deferrals may be overstated, they carry inherent long-term risks. Revenue declines or ownership changes could jeopardize those large future payments. However, the Dodgers’ deep pockets mitigate these risks. Guggenheim’s returns suggest they’re well-positioned to meet these obligations. Commissioner Manfred cited the early 2000s Diamondbacks as a cautionary tale. Still, Arizona’s spending outpaced revenue, and their ownership was less diversified than the current Dodgers group, making a similar outcome unlikely. LA’s bet on continued financial success is reasonable.

My experience negotiating MLB contracts in large markets has shown that various contract structures can be critical to reaching agreements. We used salary escalators, signing bonuses, player opt-outs, and, yes, those evil deferrals. When I was with the Mets, we signed Francisco Lindor to a $341MM contract, including $50MM in deferrals and a $21MM signing bonus. While the deferrals didn’t drastically alter our CBT payroll, they were instrumental in reaching a “magic number” for Lindor, pushing him $1MM over Fernando Tatis Jr. to secure the headline highest-paid shortstop.

The “magic number” concept is crucial in player negotiations. It represents the minimum financial threshold a player is willing to accept to validate their market value and status. These numbers are rarely explicitly stated, as agents are more likely to present significantly higher buy-it-now prices and counteroffers. Effective negotiation requires understanding the underlying motivations behind this elusive target. Athletes at this level are incredibly competitive, so their reasons for setting their sights on a particular “magic number” differ from the typical fan.

Perhaps they’re motivated to be the highest paid at their position, to push the market forward to benefit the union, or maybe it’s a number that just feels better (e.g., $2MM vs. $1.95MM). Sometimes, the gap between the player’s “magic number” and the team’s offer is too wide to bridge. However, in other cases, creative contract structures, including deferrals, can be the key to finding common ground. If this flexibility didn’t exist, reaching those critical “magic numbers” would become significantly more challenging. This could lead to longer, more drawn-out negotiations—a scenario that already frustrates many baseball fans.

Mookie Betts’ contract with the Dodgers offers another compelling example. He signed a $365MM deal with $115MM deferred. While the headline figure was impressive (second largest contract behind Trout!), the present value was $307MM, placing it below a few additional contracts (Bryce Harper, Giancarlo Stanton, and Gerrit Cole). This structure allowed the Dodgers to acquire a star player while satisfying Mookie and his agent’s desire to be seen as a top-two player. In Boston, we had tried to re-sign Betts, but our self-imposed $300MM limit wasn’t enough to meet this desire. A similar deferral structure to the Dodgers’ deal might have changed the outcome.

The Dodgers and other marquee franchises play an essential role in baseball. People are fascinated by greatness and love to root for or against the best, whether it’s Mahomes’ Chiefs, Jordan’s Bulls, Jeter’s Yankees, or Ken Jennings’ Jeopardy. Baseball’s “Goliaths,” as Scott Boras calls them, drive higher interest and TV ratings, ultimately benefiting all MLB teams. While fans of smaller-market teams may express frustration over the financial disparities, eliminating deferrals won’t solve their economic concerns.

The Dodgers are drawing all the attention because they added so many big names over the last five years. This is due to several factors: their superior financial resources, their ability to optimize player performance, their winning culture, and their West Coast location, which is a significant draw for Japanese players. These factors have raised their villain status, and that’s good for baseball. But along with that comes more noise, including misplaced outcries about deferrals.

Poll: Will The Cardinals Be Able To Trade Nolan Arenado?

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One of the biggest storylines of the offseason has been the Cardinals’ to this point unsuccessful attempts at moving veteran third baseman Nolan Arenado. As the club scales back its payroll and focuses on youth, both the Cardinals and Arenado himself have expressed a desire to move on this winter. In theory, moving an eight-time All-Star who’s just two seasons removed from being an MVP finalist should not be an especially difficult task, but a confluence of factors has made things very complicated for St. Louis’s front office.

The most obvious limiting factor at play is Arenado’s hefty contract. The infielder is due $74MM over the next three seasons, and even with the Rockies poised to pitch in $10MM as a condition of the trade that sent him to St. Louis in the first place, it’s hard to imagine a number of smaller or even mid-market clubs being able to stomach the majority of that salary. Even for clubs who can afford to pay Arenado, it would be understandable if there was some level of pause about committing that much money to a hitter coming off a .272/.325/.394 slash line that was essentially league average (102 wRC+). Arenado’s glove is still enough to make him a roughly three-win player even with his diminished offensive numbers but the division rival Cubs’ difficulties in finding a trade partner when looking to move Cody Bellinger this winter show how depressed the market can become for a three-win player who’s making more than they would fetch on the open market.

Things are further complicated by Arenado’s no-trade clause, which he’s appeared to be very comfortable wielding in order to direct the Cardinals’ negotiation efforts towards clubs he wants to join. Arenado blocked a trade to the Astros in mid-December despite previous belief that he would approve a trade to Houston, in large part because he wanted to see how the club would fortify the roster after trading away Kyle Tucker. That decision to wait and see what was next for Houston backfired, as they pivoted towards signing Christian Walker in a move that likely closed the door on Arenado joining the Astros.

Since the deal with the Astros fell through, the market for Arenado’s services has been exceptionally quiet, with the Cardinals beginning to entertain the possibility that Arenado might be in camp for the start of Spring Training or even still be in the club’s starting lineup on Opening Day. The Yankees reportedly tried to convince the Cardinals to do a swap that would’ve sent Arenado to the Bronx and right-hander Marcus Stroman to the St. Louis, but the Cardinals dismissed that offer without even presenting it to Arenado due to a lack of interest in adding Stroman to the fold. It’s hardly a surprise that they wouldn’t want to take on Stroman and is $18.5MM salary for 2025, but that decision only serves to highlight the financial difficulties the Cardinals face in attempting to move their third baseman.

Even as a trade of Arenado has become less likely as the calendar has flipped to 2025, there are at least some reasons for optimism. Arenado has reportedly become more open-minded about what clubs he would approve a trade to in recent weeks, which could theoretically inspire renewed efforts from clubs like the Mariners, Royals, and Tigers who have some level of interest in him but initially believed that Arenado would block any trade they worked out with the Cardinals. Meanwhile, the Cardinals have indicated that they wouldn’t necessarily need to cut payroll elsewhere if Arenado remains with the club in 2025. It’s at least theoretically possible that’s simply a negotiation tactic, but if the Cardinals are truly not operating under a mandate to cut payroll to a specific level, then perhaps they’ll be more willing to chip in cash to help pay down Arenado’s salary or accept another underwater contract as part of the return.

One obvious catalyst that could spur Arenado talks back to the forefront of the hot stove would be Alex Bregman finding a new home in free agency. Bregman entered the winter ranked as the #3 free agent overall and the top available infielder according to MLBTR’s annual Top 50 MLB Free Agents list, but he’s found a relatively quiet market to his point in the winter. The Red Sox, Tigers, Astros, Blue Jays, and Cubs are all known to be involved in Bregman’s market to this point on at least some level. While trading Arenado to a division rival like the Cubs is nearly impossible to imagine, the Astros have already moved on, and Toronto may not be competitive enough to satisfy the veteran. The interest is mutual in at least the case of the Red Sox, who currently figure to start Arenado’s longtime Rockies teammate Trevor Story at shortstop on a regular basis this year. If Bregman were to come to a decision, and especially one that saw him end up in Houston, Chicago, or Toronto, it’s easy to imagine Arenado’s market picking up more significantly.

How do MLBTR readers think things will play out? Will Arenado be in another uniform before Opening Day? And if so, will a deal get done before he’s scheduled to report to the Cardinals for Spring Training on February 17? Have your say in the poll below:

Will The Cardinals Trade Arenado This Offseason?
No, he'll be a Cardinal on Opening Day 2025. 64.22% (5,836 votes)
Yes, but he'll be traded after camp begins on February 17. 18.07% (1,642 votes)
Yes, and he'll be traded before Spring Training. 17.72% (1,610 votes)
Total Votes: 9,088

Poll: The Mariners’ Dilemma In Dealing From The Rotation

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If there’s one standout trait about the Mariners headed in 2025, it’s their elite rotation; Seattle has the most impressive collection of young, cost-controlled starting pitching talent in the majors right now. Logan Gilbert, George Kirby, Bryce Miller, and Bryan Woo combined for more than 700 innings of 3.18 ERA baseball in 2024. Gilbert, who turns 28 in May, is the oldest of the group and the quartet has a combined 17 seasons of team control remaining.

That crop of talented young starters is the envy of the rest of the league, but if there’s a second standout trait about the 2025 Mariners it’s their questionable offense. Cal Raleigh is among the best offensive catchers in the game, but the lineup offers little certainty outside of him. Julio Rodriguez has superstar upside but didn’t show it for much of last year as he entered July hitting just .247/.297/.327. Randy Arozarena managed an excellent 11.7% walk rate down the stretch after being traded to the Mariners midseason, but hit just five home runs in 54 games and was worth just 1.9 fWAR overall last year between his time in Seattle and Tampa.

The trio of Raleigh, Rodriguez, and Arozarena all project to be above average hitters in 2025, but the rest of the lineup is well below average. Victor Robles enjoyed a career year after joining the Mariners midseason last year, but his elite performance in Seattle was carried by a .388 BABIP. Between that extreme good fortune with batted ball luck and his career .236/.311/.356 (81 wRC+) slash line prior to joining the Mariners, it’s hard to expect more than league average production from Robles in 2025. Dylan Moore and Luke Raley both posted solid numbers in 2025 but are platoon players who can’t be relied on in everyday roles, while J.P. Crawford, Mitch Haniger, and Mitch Garver were all well below average hitters in 2024.

The club’s only addition to the offense to this point has been Donovan Solano, who posted solid numbers in 2024 but figures to join Moore and Raley as another part-time player. A combination of Moore, Raley, and Solano seem likely to be capable of handling first and second base, but the club’s lineup still has a gaping hole at the hot corner after non-tendering Josh Rojas and declining Jorge Polanco’s club option. MLBTR explored the third base market as it pertains to the Mariners earlier this month, but none of the free agent options that fit their budget and lower-level trade candidates available are particularly inspiring.

The Mariners have been hesitant to trade from their excellent rotation, only reluctantly listening to offers on pricey veteran Luis Castillo and seemingly shutting down discussions regarding their young core of arms entirely. But shopping a cost-controlled, elite starting pitcher could open up new possibilities for the club to add impact talent that wouldn’t have been available otherwise. The Red Sox reportedly dangled an impact youngster in first baseman Triston Casas in exchange for either Miller or Woo earlier this winter, and it’s easy to imagine rotation-needy clubs offering similarly impactful talent in exchange for a young arm of that caliber.

Dangling Gilbert or Kirby would surely land the Mariners an even more enticing package in exchange given their solid track records of front-of-the-rotation work in the majors to this point. The Orioles, for example, have a deep group of positional talent but are in need of an impact starter. It’s not impossible to imagine Baltimore being willing to part with an established young talent like Jordan Westburg as the headliner in a package for someone like Gilbert, perhaps packaged with a less impactful cost-controlled arm like Dean Kremer to ease the blow to Seattle’s rotation.

Turning away from the Orioles, Mark Vientos of the Mets and Matt McLain of the Reds are among the other high-end, cost-controlled third basemen who the Mariners could theoretically seek as a headliner in a package for one of their top starters, though neither is quite as valuable as Westburg. Of course, such deals are easier to propose than actually execute. While a team like Cincinnati packaging McLain with one of their own rotation arms like Nick Lodolo in order to land an elite talent like Gilbert could make sense on paper, the injury history of both players could give the Mariners plenty of pause about giving up one of their most valuable assets for little in the way of certainty and the Reds may be equally hesitant to offer up two established players with All-Star upside in exchange for one.

That’s just one example, of course, but it’s equally difficult to imagine the Mariners lining up on the right trade package for a player as valuable as Gilbert or Kirby with the vast majority of rival clubs. High-end, cost-controlled starting pitching is the single most desirable asset in the sport, and while fans of rival teams have long dreamed of their GM working out a trade with Mariners president of baseball operations Jerry Dipoto to bring one of the Mariners’ young aces to town they’d surely start feeling queasy about the possibility upon seeing just how much their team would need to part with in order to land such a coveted talent.

If you were in the Mariners’ shoes, how would you approach the situation? Would you take the same course Dipoto has and simply refuse to seriously entertain offers for your elite group of young pitchers, looking to upgrade the team in other ways like by dealing Castillo? Would you listen to offers while holding firm on a high asking price? Or would you compromise on the value of one of your top assets in order to help bolster an offense in desperate need of impact? Have your say in the poll below:

How Should Seattle Handle Its Young Starting Pitching?
Listen to offers, but only trade one if another team makes a huge offer. 59.76% (3,160 votes)
Hold onto the whole group and build around them. 24.94% (1,319 votes)
Shop them aggressively and work out a deal that improves the lineup no matter the cost. 15.30% (809 votes)
Total Votes: 5,288

Looking For A Match In A Spencer Torkelson Trade

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The Tigers rearranged their infield when they signed Gleyber Torres last month. He’ll play second base, a move that pushes Colt Keith to first base. The trickle-down effect is to block the clearest path to at-bats for 2020 first overall pick Spencer Torkelson.

As one would expect, Detroit’s baseball operations president Scott Harris pushed back against the idea that adding Torres squeezed Torkelson out of the picture. “My message to Tork was: ’if you have a big offseason and a big Spring Training, there’s a role for you on this team.’ This team needs more right-handed power and we’ve seen Tork do that in the past,” Harris said last month.

That may be true, but it’s also not difficult to imagine a change-of-scenery trade. In an MLBTR poll last week, a plurality of respondents felt that Torkelson would be dealt before Opening Day. At times, he has flashed the power that made him a top pick. He hit 31 homers in 2023. While his overall batting line wasn’t great, a .238/.318/.498 showing in that season’s second half provided hope that he’d taken a step forward. Even if he didn’t look like an all-around impact bat, he showed the potential for plus power. Torkelson’s production tanked in 2024, as he hit just .219/.295/.374 with 10 longballs over 92 MLB games. He spent more than a third of the season in Triple-A, where he drew a ton of walks but struck out at a 31% clip.

This may be the last opportunity for the Tigers to recoup anything of note in a Torkelson trade. While he certainly doesn’t have the value he had during his prospect days, Detroit would find some interest if they shopped him. Another down year could make him a DFA or non-tender candidate as he heads into what’d be his first year of arbitration. It’s possible Torkelson spends enough time in the minors this year that he doesn’t reach arbitration, but that would burn his last option season. If the Tigers keep him in Triple-A for that long, they’d be hard-pressed to carry him on the 2026 Opening Day roster.

Which teams are best suited to take a flier on Torkelson? Every team could theoretically fit, since he’s set for a salary around the league minimum and has one minor league option remaining. Still, it doesn’t make much sense for a team that has both first base and designated hitter solidified (i.e. Astros, Dodgers, Braves) to give up anything of note just to keep Torkelson in Triple-A. We’re looking for clubs that could realistically give him 400 or more plate appearances going into a make-or-break year.

Best Fits (listed alphabetically)

  • Giants: San Francisco has been loosely tied to Pete Alonso this offseason. While it seems they’re reluctant to make a multi-year commitment at first base, they’ve looked for ways to add power. Installing a potential 30-homer bat at shortstop in Willy Adames helps, but the Giants are lacking pop in their first base/designated hitter mix. LaMonte Wade Jr. is an OBP-focused hitter who has come up in trade rumors. The Giants could use a committee approach at DH with the likes of Wilmer Flores, Brett Wisely and former top prospect Marco Luciano. While Torkelson would add another right-handed bat to a lineup that skews to that side, he carries a higher ceiling than Flores provides at this stage of his career. Wade will be a free agent next offseason, so there’s room for both Torkelson and top prospect Bryce Eldridge as a long-term first base/DH combination if both players work out.
  • Mariners: Seattle’s only acquisition of note this offseason is the signing of Donovan Solano to a $3.5MM free agent deal. He’s a righty hitter who may spend the majority of his time at first base. Solano is a part-time player who has only reached 400 plate appearances in a season once. He’s going into his age-37 campaign. Solano can factor in at second and third base, neither of which are settled in Seattle. The M’s could find at-bats for Torkelson, especially if they offload part of the Mitch Haniger or Mitch Garver salaries via trade, though his kind of power-over-hit approach hasn’t traditionally played well at T-Mobile Park.
  • Marlins: Most of the time, these trade fit exercises focus on competitive teams. Rebuilding clubs don’t often acquire major league talent. Torkelson’s four years of contractual control make this a different situation. If Miami still feels he’s a long-term regular, there’s a straightforward case for taking a flier. The Marlins could play Torkelson regularly for a season or two and market him as a more valuable trade chip down the line. If he flops, it’s not likely that they’ve taken at-bats away from any core pieces. Presumptive first baseman Jonah Bride hit well over 272 plate appearances last season, but he’s 29 years old and has a career .232/.325/.342 slash line in the majors. Deyvison De Los Santos could get at-bats at DH if the Fish want to give him a look.
  • Padres: San Diego has yet to make a payroll-clearing trade from their infield. If they don’t, they’ll run things back with Luis Arraez at first base. They don’t have anyone slated for regular DH work, though, and payroll space is limited. Torkelson would be an affordable bat they could plug in there to divide time with Arraez between first base and designated hitter.
  • Rockies: The Miami logic applies to the Rockies — arguably even more so. Former first-round pick Michael Toglia is a career .206/.287/.406 hitter. He hit 25 homers but struck out in almost a third of his plate appearances last year. He’s not demonstrably better than Torkelson, at least, and the Rox could be intrigued by the latter’s power upside at Coors Field. The DH spot is open after Charlie Blackmon’s retirement. Colorado can’t rely on Kris Bryant to stay healthy.

Plausible Long Shots

  • Blue Jays: Toronto has kicked around the idea of playing Vladimir Guerrero Jr. at third base more often. They don’t have a clear option for regular DH work. That Pete Alonso is on their radar suggests they’re not opposed to adding a first baseman. That could be an approach specific to Alonso rather than a buy-low candidate like Torkelson, though.
  • Brewers: Milwaukee doesn’t have room for Torkelson right now. They’d no doubt love to offload a good portion of Rhys Hoskins’ $18MM salary. That’s easier than done, but if they line up a Hoskins deal, they could view Torkelson as a viable (and much more affordable) target to backfill first base.
  • Reds: Cincinnati’s infield has gone from a perceived area of depth to its most significant weakness within a year. They’ve already attempted to address it this offseason with the acquisition of Gavin Lux to rotate between second and third base. First base remains a big question mark after Christian Encarnacion-Strand’s injury-plagued season and the down year from Jeimer Candelario. There’s enough rebound potential with both players that the Reds may not feel Torkelson is an upgrade, but it should at least be on the table.
  • Twins: Minnesota is looking for a right-handed bat. That’s likelier to come in the outfield, but they also haven’t addressed first base since losing Carlos Santana to free agency. Torkelson could compete with Jose Miranda and Edouard Julien for reps between first and DH. Intra-division trades are rarely easy to pull off, especially when both teams are aiming for a playoff spot. However, a Torkelson trade would be (at least to an extent) an acknowledgement on Detroit’s part that they don’t believe he’ll be the player he was expected to become as a prospect. That could reduce their hesitancy about moving him to another AL Central team.

Poll: Will Jack Flaherty Or Pete Alonso Sign First?

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Just a couple of weeks remain before pitchers and catchers report for spring training, and 32 of MLBTR’s Top 50 MLB Free Agents have signed. That includes 17 of the top 20, with only third baseman Alex Bregman, first baseman Pete Alonso, and right-hander Jack Flaherty still remaining in that upper tier. Bregman’s market has appeared to pick up in recent days, even as he’s stuck to his guns on seeking a long-term contract, but things have remained fairly static for both Alonso and Flaherty.

That lack of movement has come in spite of both players beginning to consider shorter-term offers to at least some degree. In Flaherty’s case, it was reported earlier this month that his camp is “open” to short-term offers after spending much of the winter looking for a five-year deal. Alonso surely entered free agency seeking a long-term pact, but the interest he’s received has been focused on shorter-term arrangements similar to the ones signed by players like Cody Bellinger and Blake Snell last winter. Though he’s open to shorter-term pacts, he rejected a three-year offer from the Mets that guaranteed him around $70MM; his camp had reportedly offered the Mets a three-year deal at a higher annual salary that contained opt-out clauses.

Both Alonso and Flaherty saw their difficult trips through free agency spur candid public comments this weekend. In Flaherty’s case, he delivered those comments himself in an interview where he discussed his “weird” free agency before suggesting that many teams have become somewhat complacent in pursuing just the opportunity to make the postseason rather than trying to construct the best team possible. For Alonso, it was Mets owner Steve Cohen who described “exhausting” negotiations with the club’s longtime first baseman. Cohen noted that he made a “significant” offer to Alonso’s camp but hasn’t been interested in the contract structures being presented by them, calling the deals “highly asymmetric” against the team.

Flaherty and Alonso are two of the more difficult players to evaluate in this winter’s crop of free agents. Flaherty had an undeniably excellent platform season in 2024, pitching to a 3.17 ERA (127 ERA+) in 28 starts between the Tigers and Dodgers while striking out 29.9% of opponents. That was his first time making it to 150 innings in five years, however, as he pitched just 299 innings total over the 2020-23 seasons. That four-year stretch saw Flaherty struggle on a rate basis, as well, with a pedestrian 4.42 ERA (94 ERA+) and 4.36 FIP. In conjunction with high-profile reports around the trade deadline that brought forth concerns regarding Flaherty’s medical records, clubs have been reluctant to commit to the right-hander long term even in spite of his demonstrated upside.

For Alonso, the divisiveness is to be expected for a player with his profile. The slugger’s titanic power allowed him to explode onto the scene back in 2019 when he won Rookie of the Year, crushed 53 homers, and became an instant star. From 2019 to 2022, Alonso slashed .261/.349/.535 (137 wRC+) with 146 homers in 530 games and established himself as a consistent four-win player. The past two seasons have been less productive. He’s hit .229/.324/.480 (121 wRC+) since 2023 with career-worst 34 home runs in 2024. That’s still well above average, but now that Alonso’s bat has seemingly taken a step back from “elite,” his poor defense and relatively pedestrian on-base ability have are more problematic. Alonso’s star power and slugging ability appear to suggest he should be in line for a healthy long-term deal, but the market has moved away from this type of skill set. Were Alonso still in his mid-20s, perhaps it’d be overlooked, but he turned 30 in December.

The start of spring training hasn’t always been enough to convince star players who linger on market to sign, but it’s a strong incentive for players to accelerate talks. Further, the struggles of late signees who miss significant portions of spring training (Jordan Montgomery being the most prominent recent example) could further incentivize players to get a deal in place soon.

Who will be off the board first? Will Alonso be able to reach an agreement that bridges the gap between his peak and more recent production? Or will Flaherty find a team willing to gamble on his excellent 2024 but shaky track record from 2020-23? Have your say in the poll below:

Who Will Sign First?
Jack Flaherty 55.22% (5,159 votes)
Pete Alonso 44.78% (4,184 votes)
Total Votes: 9,343

Where Can The Rangers Find A Closer?

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The Rangers watched four key relievers hit the open market to begin the 2024-25 offseason. Closer Kirby Yates, who proved a bargain pickup on a one-year $4.5MM deal, reached free agency alongside David Robertson, Jose Leclerc and Andrew Chafin (who had a club option declined). Those four were the Rangers' top four late-inning options in the season's second half.

Beyond the difficulty of retaining any group of coveted free agents and/or rebuilding an entire relief corps, Texas faced financial difficulties. Re-signing Nathan Eovaldi and improving a lineup that struggled badly against fastballs were both priorities. Eovaldi cost more than most would've anticipated entering the offseason, benefitting from the hyper-aggressive free agent market for starters to the tune of a three-year, $75MM deal. Slugger Joc Pederson similarly commanded a stout $18.5MM-per-season annual value on his two-year deal. As with Eovaldi, that topped expectations.

Texas did trim some payroll and replace a bullpen arm in one fell swoop, trading the final two years of club control over first baseman Nathaniel Lowe to the Nationals in exchange for five seasons of control over lefty Robert Garcia. The 28-year-old's 4.22 ERA last season isn't particularly exciting, but a big 29.9% strikeout rate and sharp 6.4% walk rate portend improvements in the ERA department moving forward.

The rest of the Rangers' bullpen dealings have been cost-efficient in nature. Texas brought old friend Chris Martin back on a one-year, $5.5MM deal earlier this month. They had the advantage of being Martin's hometown club, which held appeal to him in the final season of his career; he's announced he expects to retire after the 2025 season and reportedly turned down more money elsewhere to pitch his final year close to home. Free agents Hoby Milner (another Fort Worth area native), Shawn Armstrong and Jacob Webb signed for $2.5MM, $1.25MM and $1.25MM, respectively.

Meanwhile, the free agents who've bid farewell to the Rangers seem to be in demand. Leclerc commanded a $10MM guarantee on a one-year deal with the A's. Yates has reached a tentative agreement with the Dodgers, though financial terms are not yet clear and he's not yet taken his physical. The aggressive market for late-inning arms figures to allow Robertson to cash in on an eight-figure salary. Chafin has garnered interest from the Yankees and Cubs at varying points this winter and is surely talking to other teams as the market for relievers heats up. In the past week alone, we've seen Tanner Scott, Yates, Paul Sewald and A.J. Minter reach free agent agreements. The markets for Carlos Estevez and Kyle Finnegan are picking up. The Cubs are talking to the Astros about Ryan Pressly.

Yates' agreement with the Dodgers rankled many Rangers fans who'd hoped they could bring the 37-year-old back as a finishing piece to the bullpen revamp. Rangers president of baseball operations Chris Young, however, has indicated that while the door is still cracked for another acquisition, the bulk of the team's heavy lifting has likely been completed.

Evan Grant of the Dallas Morning News reported Wednesday that the Rangers never made a formal offer to Yates, recognizing where his market was headed while they faced payroll constrictions from ownership. Per Grant, if the Rangers add to the 'pen, it'd likely have to come via the trade market. They're about $6MM shy of the luxury-tax threshold, per Roster Resource, and staying under that $241MM cutoff is said to be a priority for the Rangers.

It's always possible they could strike gold on another Yates-sized reclamation project; Kendall Graveman and Scott Barlow are among the buy-low candidates with some track record as a successful late-inning reliever. Generally speaking, however, if the Rangers want to add a solid closing option, they're not going to find one for under $6MM in free agency.

With that in mind, let's run through some possible options for Young, GM Ross Fenstermaker and their staff as they peruse the market in hopes of adding one more high-leverage option.

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Poll: Will The Yankees Be Able To Trade Marcus Stroman?

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When AL Rookie of the Year Luis Gil established himself as a foundational piece for the Yankees’ rotation, that left the club with an interesting dilemma: the club had more starters than space in the rotation. While trading Nestor Cortes to the Brewers in the deal that brought closer Devin Williams into the fold helped to unclog the rotation somewhat, the deal only came after the Yankees had already added Max Fried. With Fried joining Gil, Gerrit Cole, Carlos Rodon, Clarke Schmidt, and Marcus Stroman in the rotation mix, the club still has more starters than rotation spots available.

That’s led to plenty of speculation that another trade could be coming down the pipeline for the Yankees, with Stroman sticking out as the likeliest to move. The club has reportedly been shopping the veteran righty throughout the winter, and is said to be willing to pay down a portion of the veteran’s $18.5MM salary in order to get a deal done. It’s a sensible goal for the Yankees, given thatt those dollars could be reallocated to help bolster second or third base. Assuming Jazz Chisholm Jr. moves back to second base, some combination of DJ LeMahieu, Oswaldo Cabrera, and Oswald Peraza project to man the hot corner.

Unfortunately for the Yankees, Stroman is coming off the worst season of his career. The veteran posted a decent 4.31 ERA (95 ERA+) in 154 2/3 innings of work. That’s serviceable production for the back of a rotation, but a look under the hood reveals some worrying trends. Stroman posted career-worst numbers in terms of strikeout rate (16.7%), walk rate (8.9%), groundball rate (49.2%), and barrel rate (6.7%). That across-the-board decline in skills combined with his fastball velocity being nearly two ticks down from 2023 left him with a FIP that was 10% worse than league average and a 4.74 SIERA that was better than only Griffin Canning, Tyler Anderson, and Chris Flexen among all pitchers (min. 150 innings). While Stroman has been a fairly consistent three-WAR player throughout his career to this point, the wide-ranging decline in peripherals reduces optimism for a substantial bounceback in 2025 — his age-34 season.

Recent deals for veteran back-of-the-rotation arms suggest Stroman is overpaid, but perhaps not egregiously so. Alex Cobb landed a $15MM guarantee after making just three starts in 2024. Tomoyuki Sugano is 35 years old and has never thrown an MLB pitch; he commanded $13MM nonetheless. His 41-year-old rotation-mate in Baltimore, Charlie Morton, secured a $15MM guarantee of his own. It shouldn’t be all that difficult for the Yankees to find a taker for Stroman if they were able to pay down his salary to, say, the $10-12MM range that more well-regarded back-end veterans like Kyle Gibson, Lance Lynn and others have been able to find in free agency in recent years.

That would seemingly allow the Yankees plenty of flexibility to sign an infielder, but one other obstacle to a Stroman deal is the veteran’s 2026 vesting option. If the right-hander pitches 140 innings in 2025, his 2026 option will vest and become an $18MM player option for the 2026 season. It seems unlikely that Stroman would turn that option down without a major bounceback season, meaning that an acquiring team that wishes to avoid that outcome would have to find a way to limit him to just 140 innings this year. That’s far from impossible, seeing as the righty posted back-to-back seasons with fewer innings than that benchmark with the Cubs in 2022 and ’23, but barring significant IL time, Stroman’s new club may need to move him to the bullpen at some point.

How do MLBTR readers think things will shake out? Will the Yankees be able to get a Stroman deal done? And if so, how much of his salary will they have to pay down to make a trade happen? Have your say in the poll below:

Will The Yankees Deal Marcus Stroman?
They'll trade Stroman while paying down at least half his salary. 41.00% (4,428 votes)
Stroman will be a Yankee on Opening Day 2025 29.58% (3,195 votes)
They'll trade Stroman while paying down less than half his salary. 27.32% (2,951 votes)
They'll trade Stroman without eating any money. 2.10% (227 votes)
Total Votes: 10,801
Show all

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