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Mets Notes: Manaea Contract Details, Alonso

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After previously reporting that Sean Manaea’s deal with the Mets would include $23.25MM in deferred payments, Will Sammon of The Athletic offered more details on the structure of Manaea’s contract this morning.

Manaea will earn equal $25MM salaries in all three years of the deal, adding up to the reported total guarantee of $75MM. However, $7.75MM of his salary will be deferred without interest each season, adding up to the reported total of $23.25MM in deferrals. As Sammon previously mentioned, the deferrals will be paid out in equal portions over 10 years from 2035-44. Sammon also notes that Manaea can earn standard additional incentives for making an All-Star appearance ($50K), winning a Gold Glove ($50K), winning LCS MVP ($50K), winning World Series MVP ($100K), and finishing top-three in Cy Young voting ($50K for first place, $25K for second place, $10K for third place).

The deferred payments mean that Manaea’s contract isn’t quite worth $75MM in present-day value. Therefore, the luxury tax hit for the Mets won’t be quite as high as his $25MM AAV. Jon Becker of FanGraphs suggests the present-day value of his AAV for luxury tax purposes is just over $22MM. That’s not entirely insignificant to the Mets, who will be paying the luxury tax once again in 2025. It’s also interesting that Manaea’s contract is about $1MM less valuable than the three-year, $67MM deal his former teammate Luis Severino signed with the Athletics. Jon Heyman of the New York Post reported last week that Manaea turned down that same offer from the A’s before they gave it to Severino instead. Of course, it’s not hard to understand why Manaea would rather pitch for the Mets than the A’s, but it’s interesting that he technically took a discount to re-sign with New York.

In another Mets update, Sammon theorizes that “contract length” is currently what’s holding up a deal between the Mets and Pete Alonso. Heyman recently made a similar suggestion, saying “I do think the years are the hang-up right now” (per Jon Heyman’s Insider Notebook on Bleacher Report). Back in December, Bob Nightengale of USA Today reported the Mets were still “pushing hard” to reunite with Alonso. From Alonso’s perspective, it’s hard to picture a better fit than the only team he’s ever known. Yet, a deal hasn’t come together. A disagreement over contract length could certainly explain why.

Presumably, Alonso and his agent Scott Boras are still looking to beat the guaranteed money from the seven-year, $158MM extension he reportedly turned down from the Mets in the summer of 2023. To do so, he’d need to sign for at least $137.5MM this winter (he already earned the first $20.5MM in 2024 during his final year of arbitration). It’s hard to imagine Alonso approaching that number on anything shorter than a six-year contract. Meanwhile, it’s not hard to understand why teams would balk at offering a six-year contract to a 30-year-old first baseman coming off two consecutive down years.

Lenny Randle Passes Away

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Former major league utility player Lenny Randle has passed away at 75. The National Baseball Hall of Fame confirmed the news on Monday evening.

Randle was a multi-sport collegiate star at Arizona State. He played on the Sun Devils football team in addition to his work as ASU’s second baseman. He stuck with baseball after being drafted by the Washington Senators in 1970. Randle jumped right to Triple-A after the draft and made his big league debut by his first full season. He remained with the franchise when they relocated to Texas and rebranded as the Rangers going into the ’72 campaign.

After a few seasons in a utility role, Randle broke through in 1974. He hit .302 and stole 26 bases (albeit with 17 times caught stealing) across 151 games. Randle played multiple positions and was a valuable enough part of the Texas roster to receive down-ballot MVP support. He had another strong season in 1975, hitting .276 with 24 doubles across 676 plate appearances. He divided that season mostly between second base and center field.

Randle didn’t play as well in ’76. He lost his hold on the starting second base job the following spring. Randle threatened to leave camp, which led to public criticism from manager Frank Lucchesi (link via MLB.com). Randle confronted Lucchesi and, after a brief exchange, punched the manager multiple times. Lucchesi was hospitalized with a fractured cheekbone. Randle would eventually plead no contest to battery charges, leading to a fine.

While teammates and Texas beat reporters said that kind of outburst was out of character for the generally soft-spoken Randle, the Rangers made the obvious decision to move on from him. Texas suspended him for a month and traded him to the Mets before the ban was lifted. Randle moved to third base in Queens, where he had a strong first season. He hit .304 with a career-high 33 steals. His numbers dropped again in ’78, after which he bounced around the league.

Randle had a cameo with the Yankees in 1979, played somewhat regularly for the Cubs the following season, then finished his MLB career with two seasons in Seattle. During his stint with the Mariners, Randle had the humorous play in which he blew a slow roller down the third base line into foul territory after realizing he didn’t have a play on the ball. Umpires awarded the hitter first base.

Over a 12-year big league career, Randle hit .257/.321/.335. He was never much of a power threat and only connected on 27 home runs. The switch-hitter picked up 145 doubles and 40 triples while stealing 156 bases. He collected just over 1000 hits and scored nearly 500 runs. MLBTR joins others throughout the game in sending our condolences to Randle’s family, loved ones, friends and former teammates.

Giants Considering Pete Alonso

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The Giants already made one big infield addition by signing Willy Adames, and kept Matt Chapman off the free agent market entirely by signing the third baseman to a six-year, $151MM extension back in September.  With the Giants still weighing big moves, Susan Slusser of the San Francisco Chronicle reports that “Pete Alonso is on their radar” as a significant upgrade to the first base/DH mix.

As it stands, LaMonte Wade Jr. will be getting the bulk of first base at-bats, as the left-handed hitting side of what will likely be a platoon situation.  That said, reports have suggested San Francisco is open to moving Wade, and that the Giants had some interest in signing Paul Goldschmidt before Goldschmidt landed with the Yankees.  Top prospect Bryce Eldridge is viewed as the long-term answer at first base, and with Eldridge making his Triple-A debut in 2024, a shorter-term signing like Goldschmidt made sense as a bridge at the position.

Adding Alonso would only somewhat change that direction.  If Alonso took over the everyday first base role, Wade could be shifted into the part-time DH role, and Wade is a free agent next winter so he might not remain part of the Giants’ future plans.  Eldridge played some outfield in 2023 but is largely viewed as a first baseman going forward, so he and Alonso could form a powerful first base/DH combo even if such an arrangement would lock down both positions for years to come.

There’s also a possibility that Eldridge could become a big trade chip the Giants can dangle to address other needs, or that Alonso wouldn’t necessarily be a long-term addition.  MLB.com’s Mark Feinsand hears from various executives around the league that Alonso’s next contract might involve an opt-out clause or two, thus allowing Alonso to re-enter the market potentially as early as the 2025-26 offseason.  Alonso’s agent Scott Boras has included such opt-out provisions in several of his clients’ deals in recent years, in some cases creating an extra level of flexibility for teams and for players coming off less-than-ideal platform years.

It could be argued Alonso is coming off two relative down years, as he has a solid but unspectacular 121 wRC+ since the start of the 2023 season.  The first baseman slugged 80 homers and hit .229/.324/.480 in 1353 plate appearances over that span, while providing little value with his glove or on the basepaths.  Clubs are increasingly wary about committing big money to first base-only players in general, and Alonso’s increasingly homer-heavy approach raises questions about his overall offensive value.

Oracle Park may not exactly be the best ballpark for a right-handed hitting slugger to re-establish his value, though Alonso’s options may be increasingly limited.  The Yankees (Goldschmidt), Astros (Christian Walker), Diamondbacks (Josh Naylor), and Nationals (Nathaniel Lowe) have all addressed their needs at first base.  MLBTR’s Leo Morgenstern recently looked at Alonso’s market and cited the Giants along with the Reds, Tigers, Blue Jays, as possible darkhorse candidates for the slugger, along with the more obvious possibility that Alonso just re-signs with the Mets.

Indeed, most of the executives who spoke with Feinsand “believe an Alonso/Mets reunion is inevitable,” even if such a deal involves opt-out clauses.  The Mets remain linked to both Alonso and Alex Bregman, leaving the team with an interesting choice of top-tier corner infielders since Mark Vientos can play first or third base depending on who is signed.  (Or, it isn’t entirely out of the question that the aggressive Mets could sign both Bregman and Alonso, with Vientos moving to DH.)  Jon Heyman of the New York Post writes that “a sizable gap” remains between Alonso and the Mets in their current negotiations.

Because both Adames and Alonso rejected qualifying offers, the Giants would have to surrender two more draft picks and another $1MM in international bonus pool money if they brought Alonso into the fold to join their new shortstop.  This might not necessarily be an obstacle since the Giants already gave up two picks and $1MM to sign Chapman and Blake Snell (two other qualified free agents) last offseason.  RosterResource estimates San Francisco for roughly a $167.1MM payroll and $207.5MM luxury tax number in 2025, so adding Alonso is feasible even if it remains unclear how much ownership is willing to spend on next year’s roster.

The Giants’ pursuit of Corbin Burnes signaled that the club was willing to make another splurge, though Slusser notes that they didn’t offer Burnes more than the $210MM over six years than the righty received from the Diamondbacks.  Indeed, Slusser frames the Giants’ courtship of Burnes as fairly limited, writing that “San Francisco’s pursuit never advanced much beyond initial talks at the general manager meetings…and an offer made at that point did not get things off the ground.”

President of baseball operations Buster Posey addressed the Giants’ next steps in a text to The Athletic’s Andrew Baggarly, with Posey writing “We believe in our young arms, and feel like they are in a position to take some big steps forward.  [We] will continue to look on the offensive side for players that give us a chance to score runs in multiple ways.”

Mets Offered Two-Year Contract To Teoscar Hernandez

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1:51PM: The Mets’ offer to Hernandez “would’ve carried a similar annual average value to the contract he agreed to with the Dodgers but without deferrals,” The Athletic’s Will Sammon writes.  Such shorter-term deals for outfield or DH help remain a possibility for the Mets, if for less than what it would’ve taken to sign Hernandez.  For instance, Sammon notes that the Mets have interest in re-signing Jesse Winker in such a role.

1:25PM: The Mets’ interest in the free agent outfield market was seemingly limited to just Juan Soto, as unlike other Soto suitors, New York wasn’t known to have any public interest in the likes of Teoscar Hernandez or Anthony Santander as backup plans if Soto signed elsewhere.  However, now with Soto already in the fold, the Mets made a late bid on Hernandez, as Newsday’s Tim Healey reports that the Amazins offered the slugger a two-year deal earlier this week.  The dollar figure isn’t known, but Hernandez rejected the deal anyway and rejoined the Dodgers on a three-year, $66MM pact.

Since the Mets have the financial resources to be in on any available player, their interest in Hernandez could’ve been a case of due diligence.  There’s no harm, after all, in checking in on a talented hitter to gauge his interest in joining the Mets, and president of baseball operations David Stearns might have seen an opening in a shorter-term deal since Hernandez was lingering on the market.

This isn’t to say that signing Hernandez would’ve been a bargain, exactly, as he would’ve cost the Mets even more draft and international bonus capital.  Because New York exceeded the luxury tax in 2024, signing Soto cost the Mets $1MM in int’l bonus pool money, plus their second- and fifth-highest picks in the 2025 draft.  Like Soto, Hernandez also rejected a qualifying offer, and thus signing him would’ve required that the Mets give up another $1MM from their international bonus pool, as well as their third- and sixth-highest draft selections.

Adding Hernandez would’ve further crowded the outfield picture.  The projected starting outfield consists of Soto in right field, Brandon Nimmo in left, Jose Siri and Tyrone Taylor platooning in center, Starling Marte likely relegated to DH duty, and Jeff McNeil, Jared Young, and Luisangel Acuna able to step onto the grass in a pinch.  Had New York signed Hernandez, the likeliest scenario probably would’ve seen Nimmo return to center field, unless the Mets were successful in opening up the DH spot by trading Marte.  Reports from a few weeks ago suggested the Mets were willing to eat some of the $19.5MM owed to Marte in the event of a trade, and while no deal was thought to be in the offing, the Mets’ openness to cover salary might hint that Marte is the odd man out.

If signing Hernandez was seen as something of a unique circumstance, the Mets’ outfield depth probably means they’re less likely to seek out Santander or another outfield bat unless Marte is dealt.  In terms of lineup additions overall, New York remains linked to Pete Alonso and Alex Bregman as the club looks to boost at least one corner infield slot.

Mets Sign Sean Manaea

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On Friday evening, the Mets officially announced the signing of left-hander Sean Manaea to a three-year deal. The Boras Corporation client receives a $75MM guarantee. The deal reportedly contains $23.25MM in deferred money, which will be paid between 2035-44. New York had multiple open roster spots, so no further move was necessary.

Manaea, 33 in February, is now poised to sign with the Mets for the second consecutive offseason. In the first week of January earlier this year, the southpaw landed with New York on a two-year deal that guaranteed him $28MM and included an opt-out following the 2024 campaign. It was the second winter in a row that saw Manaea sign a two-year deal with an opt out after he signed with the Giants on a $25MM guarantee during the 2022-23 offseason.

That first contract in San Francisco was inked on the heels of a brutal 2022 season in San Diego that saw Manaea struggle to a 4.96 ERA (76 ERA+) with a 4.53 FIP in 158 innings of work. His time with the Giants went better than that; while his 4.44 ERA (94 ERA+) was still below average but he nonetheless entered the offseason boasting much stronger peripherals (3.91 FIP, 3.83 SIERA) and a solid run of starts down the stretch that September where he posted a 2.25 ERA and 3.21 FIP.

The Mets clearly believed that portended better days in Manaea’s future, and it certainly did. The lefty emerged as a quality mid-rotation option for New York in 2024 as he posted a 3.47 ERA (114 ERA+) with a 3.83 FIP in a career-high 181 2/3 innings of work across 32 starts. With a career year in the books ahead of his third consecutive trip to free agency, it seemed as though Manaea was looking for longer-term security. The Mets opted to tag the lefty with the Qualifying Offer at the outset of the winter, but it was hardly a surprise when Manaea rejected that one-year, $21.05MM offer and entered the open market anyway. After all, the lefty came into the winter ranked by MLBTR as the #10 free agent available on our annual Top 50 MLB Free Agents list and the #5 starter behind only Corbin Burnes, Blake Snell, Max Fried, and Jack Flaherty.

Early in the offseason, the fact that Manaea was encumbered by the QO led a number of clubs that likely would’ve had interest in a mid-rotation veteran like him to turn towards alternative options. The Angels, Dodgers, and Cubs turned in the early days of the offseason to unencumbered free agents like Yusei Kikuchi, Snell, and Matthew Boyd rather than delve into the markets of qualified free agents like Manaea, Nick Pivetta, or Luis Severino.

That’s not a consideration for the Mets, however, as reuniting with Manaea only costs the hypothetical draft pick they would’ve received had he signed elsewhere. That’s allowed Manaea to land a healthy guarantee despite a fairly small list of teams connected to him this winter: his three-year, $75MM deal exceeds the three-year, $60MM guarantee MLBTR predicted for him at the outset of the offseason but that’s hardly a surprise given that virtually every starting pitcher’s contract has exceeded expectations. Additionally, it’s of course possible that the deferred money in Manaea’s deal drops the net present value closer to MLBTR’s prediction.

For New York, a reunion with Manaea serves as a likely capstone on the club’s efforts to reconstruct its starting rotation after he, Severino, and Jose Quintana all hit the open market last month. The club added Frankie Montas and Clay Holmes to their rotation mix earlier this winter, but that duo offers little stability given Montas’s struggles in 2025 and the fact that Holmes last started a game in the majors back in 2018. Manaea provides that much-needed stability while slotting towards the front of a rotation that also includes talented right-hander Kodai Senga and young southpaw David Peterson.

With depth options like Paul Blackburn, Tylor Megill, and Griffin Canning all in the wings to help cover for potential injuries, it would hardly be a surprise if Manaea’s return wrapped up the team’s rotation additions for the winter. That doesn’t mean the club is done entirely, however. Even with a hefty 2025 payroll that RosterResource estimates will land just shy of $280MM as things stand, that still leaves $56MM of room to work with before the Mets match their 2024 figure. That should leave plenty of room for the Mets to sign a corner infield bat to pair with Mark Vientos, whether that ends up being a reunion with Pete Alonso or an alternative option such as Alex Bregman and perhaps bolster other areas of the roster such as the bullpen or the bench.

ESPN’s Jeff Passan first reported the Mets and Manaea had agreed to a three-year, $75MM deal. Will Sammon of the Athletic reported that the deal included $23.25MM in deferred money to be paid between 2035-44. Image courtesy of Imagn.

Mets Notes: Pederson, Alonso, Third Base, Rotation

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The Mets have already added one of the best left-handed hitters in the game this offseason, signing Juan Soto to a 15-year, $765MM deal. However, Jon Heyman of the New York Post suggests they were recently in on another big lefty bat: Joc Pederson. That was, of course, before Pederson agreed to a two-year, $37MM deal with the Rangers early on Monday morning.

Presumably, the Mets were interested in Pederson as a designated hitter. Coming off an excellent 2024 campaign, he would have made a strong replacement for J.D. Martinez. Like Pederson, Martinez became a free agent at the end of the season. If the Mets are still in the market for a DH after losing out on Pederson, their options are somewhat limited. Martinez might be the best true DH left in free agency. They could, of course, pursue an outfielder like Anthony Santander or Teoscar Hernández, but those two are looking for significantly more money than Pederson, and, presumably, they would prefer to continue playing the outfield.

However, if it’s really just another big bat the Mets are looking for, the best solution could also be the most straightforward: re-signing first baseman Pete Alonso. Bob Nightengale of USA Today reported on Sunday that the Mets are still “pushing hard” to re-sign their homegrown slugger. If that’s true, it’s difficult to imagine Alonso ending up anywhere else. Teams like the Yankees and Astros have already filled their holes at first base. And when the Mets set their sights on a target, they’re not easy to outbid.

Nightengale also notes that the Mets “like their internal options” at third base – in other words, he implies they aren’t likely suitors for star third baseman Alex Bregman. However, it’s not clear if that is at all contingent on the team re-signing Alonso. If Alonso is back in Queens next season, Mark Vientos is the obvious candidate to play third base. Vientos was one of the team’s best hitters in 2024, while also providing capable defense at the hot corner. Yet, if Alonso signs elsewhere, Vientos is likely to move across the diamond and take over at first. Simply put, there is a massive difference between Vientos and the next-best option at third base, which seems to be former top prospect and unproven big leaguer Brett Baty. The other internal options include Ronny Mauricio, who spent the entire 2024 season on the IL, and Luisangel Acuña, a second baseman/shortstop who has never played third base professionally. It’s hard to believe the Mets would feel confident going into the season without a more reliable player at third base.

It’s easier to accept the notion that the Mets are done adding to their rotation, which Will Sammon of The Athletic suggests is the case. After agreeing to a three-year, $75MM deal with Sean Manaea, the Mets have now signed three notable free agent starters: Manaea, Frankie Montas, and Clay Holmes. Those three will join Kodai Senga and David Peterson in the rotation, with Paul Blackburn, Griffin Canning, and Tylor Megill offering additional depth. Top prospect Brandon Sproat is another arm who could start for the Mets at some point in 2025.

With Senga and Manaea occupying the top two spots in the rotation, the Mets don’t have a bona fide ace like Zack Wheeler of the Phillies or Chris Sale of the Braves. However, their starting pitching depth looks like it’s going to be an asset. They would surely find room for Roki Sasaki if the NPB superstar chooses to sign in Queens, but otherwise, the Mets seem to have all the starters they can carry to begin the 2025 campaign.

Mariners Made Two-Year Offer To Carlos Santana

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The Guardians made a splash over the weekend by signing first baseman Carlos Santana to a one-year deal worth $12MM, bringing the long-time Cleveland staple back into the fold for the third time in his career. With that being said, however, it wasn’t the only contract offer Santana received during his free agency. According to a report from Ken Rosenthal of The Athletic this morning, the Mariners extended an offer to Santana that came with more guaranteed money than the one he landed in Cleveland. Rosenthal also cited the Yankees, Mets, Tigers, Diamondbacks, and Rangers, and Padres among clubs that had interest in the switch-hitter before he ultimately landed in Cleveland.

Regarding Seattle’s offer, Rosenthal specifies that not only did the deal come with more guaranteed money, but it actually involved a player option for the 2026 season, allowing Santana to either opt out and return to free agency or remain with the club. It’s somewhat surprising to hear that a club was willing to guarantee a second guaranteed year to Santana, who will celebrate his 39th birthday in early April. Rosenthal describes the Mariners as Santana’s “initial priority” until the Guardians realized that they could trade Josh Naylor to another Santana suitor, the Diamondbacks. At that point, the Guardians offered Santana (who had coincidentally just sold his Cleveland area home) the one-year deal he went on to sign.

The Mariners briefly acquired Santana from the Phillies during the 2018-19 offseason but flipped him to Cleveland shortly thereafter, before he ever suited up for the club. He eventually returned to the organization in 2022 after being traded there by the Royals, and this time his stay lasted 79 games. In 294 trips to the plate for Seattle, Santana hit .192/.293/.400. Despite that sub-Mendoza Line batting average, Santana’s performance was actually good for an above-average 103 wRC+ thanks to a strong 11.9% walk rate and the 15 home runs he clobbered down the stretch for the club.

That half-season stint evidently made enough of an impression with the Mariners that they were interested in a reunion as they searched for first base help this winter. Earlier this winter, the Mariners were reportedly pursuing a reunion with either Carlos Santana or Justin Turner at first base. Turner is still available, though it’s unclear whether that interest on Seattle’s end has persisted as the first base market has shifted in recent days. Of the six teams besides Cleveland that Rosenthal noted had interest in Santana’s services, three of them have found solutions in the days since: the Rangers replaced Nathaniel Lowe with Joc Pederson, the Yankees signed Paul Goldschmidt, and of course the Diamondbacks traded for Naylor and opened the door for Santana to re-sign in Cleveland.

For the Mariners, Mets, and Padres, there’s still a number of interesting first base options available. Turner has been a reliably above average hitter 11 consecutive seasons now but celebrated his 40th birthday last month, a reality that could give some teams pause about committing to him as a regular option if they can’t offer significant time at DH as well. Pete Alonso is of course the top free agent available at first base, though barring a sudden change in plans by the Padres or Mariners it seems unlikely he would fit the budgets rumored to be in play for San Diego and Seattle. Anthony Rizzo, Mark Canha, Josh Bell, and Yuli Gurriel are among a number of veteran options at the position who could likely be had on a low-cost deal, and the trade market offers the possibility that the Giants could part ways with LaMonte Wade Jr. or perhaps even a deal with the Rays involving Yandy Diaz, who hasn’t been the subject of many trade rumors this winter but appeared to be available prior to this summer’s trade deadline.

Nine Teams Exceeded Luxury Tax Threshold In 2024

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

The payments are as follows:

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

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

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

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

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

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

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

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

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

Mariners, Nationals, Mets Interested In Paul Goldschmidt

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Veteran first baseman appears to be drawing a lot of interest as a free agent. Bob Nightengale of USA Today reports that the Yankees, Giants, Mariners, Nationals and Mets are all engaged with him. The connections to the Yankees and Giants have been previously covered at MLBTR, as well as interest from the Tigers.

Coming into the winter, the free agent market for first basemen had various intriguing options, but their respective ages gave them different levels of earning power. As part of MLBTR’s annual ranking of the Top 50 Free Agents, Pete Alonso was the top first baseman. Now 30 years old, he was predicted for a five-year, $125MM deal. Christian Walker, who is going into his age-34 season, had a prediction of three years and $60MM. Goldschmidt, now 37, was predicted for $15MM on a one-year deal. Veterans like Justin Turner and Carlos Santana didn’t crack the list but should be in line for one-year deals as well.

Earlier today, the Astros cut out the middle of that market. Walker has reportedly agreed to sign with Houston on exactly the three-year, $60MM deal that MLBTR predicted. For clubs that are still looking for help at first base, there’s now a clear divide between the big-ticket option in Alonso, as well as several other more affordable possibilities. Alonso also rejected a qualifying offer, so he’s also tied to the associated penalties with signing such a player, which depend upon whether a club paid the competitive balance tax this year or is a revenue sharing recipient.

Regardless of how clubs feel about Alonso, some of them will just not be likely candidates to make that kind of a splash in free agency. For those that are looking to make a modest investment at first, Goldschmidt is an intriguing candidate.

As recently as 2022, Goldschmidt was one of the best players at the position. He won National League Most Valuable Player that year, hitting 35 home runs, drawing walks at a 12.1% clip and stealing seven bases. He slashed .317/.404/.578 for a wRC+ of 175 and produced 6.8 wins above replacement, per the calculations of FanGraphs.

But the last two years have been far less impressive. He had a .268/.363/.447 batting line and 122 wRC+ in 2023. In the most recent season, that was down to .245/.302/.414 and a 100 wRC+, exactly league average production. His 7.2% walk rate was the worst of his career. His 26.5% strikeout rate was a personal high, apart from his rookie debut way back in 2011.

That’s downward slope is obviously somewhat discouraging, but Goldy has a strong track record and at least finished strong in 2024. After hitting .230/.291/.373 for an 87 wRC+ in the first half, he posted a .271/.319/.480 line and 120 wRC+ in the second half. The Cardinals aren’t bringing him back as they pivot to a reset year, which involves lowering the payroll. It also means more playing time for younger players like catchers Iván Herrera and Pedro Pagés, which is pushing Willson Contreras to first base.

The Mariners are rarely huge spenders in free agency and are working with budgetary constraints this offseason, reportedly having about $15MM of wiggle room at the moment. It’s been rumored that they are considering Luis Castillo trade offers as a means of opening up some extra room, but they wouldn’t be a likely suitor even in that scenario. They are looking to add multiple infielders and a Castillo trade could perhaps leave them looking to make a rotation addition as well.

Goldschmidt fits well into their offseason plans as they are looking for a right-handed hitting veteran first baseman. They have been connected to Turner and Santana in rumors this offseason, as well as Walker before he agreed to his new deal with the Astros. Goldschmidt is another option they could consider, as he would require a lesser investment than Walker, though likely more than Turner or Santana.

MLBTR’s $15MM projection for Goldschmidt exactly matches what the M’s reportedly have to spend. That wouldn’t leave them any money to get the other infielder they want, likely a third baseman, though perhaps the trade market could help them out there.

The Nationals have been rebuilding for a while but could perhaps be ready to emerge back into contention. Their roster has started to fill up with exciting young talents but president of baseball operations Mike Rizzo said back in September that adding middle-of-the-order bats was a priority this winter.

That kind of addition wouldn’t have to come at first base but it would be the most logical place for it. They have lots of exciting young players for the outfield. CJ Abrams and Luis García Jr. seem to be set in the middle infield. Prospect Brady House is a potential third baseman of the future.

But at first, the Nats gave most of their playing time to Joey Gallo, Joey Meneses and Juan Yepez this year. The club declined a mutual option on Gallo while Meneses was outrighted and has since signed a minor league deal with the Mets. Yepez is still on the roster but is likely viewed as more of a role player than an everyday guy. The Nats also don’t have a strict designater hitter and could theoretically have lots of at-bats to share between Yepez and Goldschmidt or some other external addition.

The Mets technically have a first base vacancy but it would be a surprise to see them put fill it with Goldschmidt. Alonso has been a mainstay there for years and many in the baseball world expect the Polar Bear to wind up back in Queens. If Alonso ends up elsewhere, it’s been expected that the Mets would move Mark Vientos over from third since his defense at the hot corner is not well regarded. That could allow them to pursue someone like Alex Bregman or Nolan Arenado.

It’s clear though that president of baseball operations David Stearns loves short-term deals. Last winter, he signed ten free agents, nine of them getting one-year deals. Sean Manaea got two years but with an opt-out, which he eventually triggered.

This winter, it was thought that he would ramp up the aggressiveness. The 15-year Juan Soto deal certainly qualifies but Stearns has paired that with a pile of far more modest moves. Despite having seemingly unlimited funds to work with, he has given one-year deals to Griffin Canning, Jared Young, Dylan Covey and Justin Hagenman, a two-year deal to Frankie Montas and a three-year deal with an opt-out to Clay Holmes.

Signing Goldschmidt to replace Alonso would likely mean Vientos staying at third base for another year, but that was tolerable in 2024 and he’s only 25 years old, so perhaps he will improve a little with more experience. Guys like Brett Baty, Ronny Mauricio and Luisangel Acuña could perhaps push their way into the infield mix over the course of the year, solidifying the infield group for 2026 and beyond.

Mets Meet With Roki Sasaki

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December 20: The Cubs are going to be meeting with Sasaki today, reports Bruce Levine of 670 The Score.

December 19: The Mets had a meeting with Roki Sasaki on Thursday, reports Andy Martino of SNY. They’re the second team that has been publicly revealed to meet with the NPB star. Yankees general manager Brian Cashman told reporters (including MLB.com’s Bryan Hoch) on Wednesday that Sasaki had scheduled an in-person meeting with the club. It’s not clear when that will take place.

Virtually every team would love to land Sasaki. It stands to reason that most, if not all, clubs have at least prepared a pitch they can make to the 23-year-old righty. Sasaki and his representatives at Wasserman presumably don’t intend to meet with every team over the next few weeks, though.

Agent Joel Wolfe spoke with media (including MLBTR’s Tim Dierkes and Steve Adams) at the Winter Meetings. Wolfe indicated that Sasaki would speak with teams in person at a central location in the United States throughout this week. He’s slated to return to Japan for the holidays but could come back to the U.S. to view the cities of the finalists thereafter.

This is only the first run of presentations. Many people consider the Dodgers or (to a lesser extent) the Padres to be the favorites, though Wolfe vehemently denied last month that there was any kind of handshake agreement with Los Angeles already in place. Wolfe suggested at the Winter Meetings that Sasaki could benefit from landing in a city that doesn’t have a large media contingent, though he stressed that was solely his opinion and that he and Sasaki had yet to discuss that in great detail.

Sasaki’s posting window opened on December 9. He must sign with an MLB team by January 23 but cannot sign until after next year’s international amateur period opens on January 15. He could reach an unofficial verbal agreement before that point, however. Sasaki’s bonus will be hard capped by MLB’s amateur signing limitations.

Teams can acquire up to 60% of their bonus allotment via trade. Those trades cannot begin until the 15th. Sasaki’s maximum potential bonus would be $12.0888MM. He’ll likely sign for a fair bit less than that, since it’d require a team with the highest initial pool (one of Milwaukee, Seattle, Tampa Bay, Minnesota, Miami, Cincinnati, Detroit, or the Athletics) to trade for the maximum amount and commit their entire pool to Sasaki. The Yankees and Mets each have just under $6.2616MM in their starting pool. If they traded for 60% more space, they’d be able to offer just over $10MM.

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