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Cubs, Phillies, Yankees Among Teams Interested In Tatsuya Imai

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The Seibu Lions of Japan’s Nippon Professional Baseball posted ace Tatsuya Imai for major league teams back on Nov. 19. The flamethrowing 27-year-old has until Jan. 2 to negotiate a deal with interested MLB clubs. The Mets, Cubs and Orioles have each been linked to the right-hander so far. The Cubs, in particular, are expected to be a “strong” player in Imai’s market, per Bruce Levine of 670 The Score. They also made an offer to Dylan Cease before the former Cy Young runner-up (and former Cubs draftee) signed with the Blue Jays last week, according to Levine.

Jon Heyman of the New York Post adds the Phillies and Yankees as another pair of teams in the running for Imai. He adds that Imai’s camp could schedule in-person visits with interested teams following next week’s Winter Meetings — if he hasn’t already agreed to a deal by that point.

The Cubs make a sensible fit for Imai, even after countryman Shota Imanaga accepted Chicago’s $22.025MM qualifying offer, opting to forgo free agency in the process. Manager Craig Counsell’s rotation currently includes Imanaga, Cade Horton, Matthew Boyd, Jameson Taillon and Colin Rea. Ace Justin Steele is still on the mend from UCL surgery performed last April. He won’t be ready for Opening Day. Javier Assad and Ben Brown could both factor in, too, but both have bullpen experience and minor league options remaining.

Chicago’s interest in bolstering the rotation is well-known. Even after Imanaga opted to return, the Cubs have reportedly been seeking a playoff-caliber starter to add to the top portion of their staff. Imai isn’t necessarily a slam-dunk to fit that description, but his electric stuff and recent performance in NPB suggest he has that ceiling.

Imai, who’ll turn 28 next May, has posted a sub-3.00 ERA in each of the past four NPB seasons — headlined by a career-low 1.92 mark in 163 innings in 2025. Along the way, he’s steadily increased his strikeout rate while at the same time lowering his walk rate. Those improvements culminated in last year’s dominant season, wherein Imai punched out 27.8% of the batters he faced and cut his walk rate to a tidy 7%. He’s one of NPB’s hardest throwers, topping out around 99 mph and sitting more comfortably in the mid-90s. Imai complements that pitch with a slider, splitter and changeup.

Signing Imai would push Rea back into his familiar swingman role and could even create a logjam if everyone is healthy once Steele finishes off his rehab from surgery. That’s wishful thinking, however, given the proliferation of pitching injuries throughout the sport. And if the Cubs do manage to have a full contingent of healthy rotation arms at that point, it’d fall under the “good problem to have” cliche. A playoff rotation including a healthy Steele, Horton and Imai could be formidable.

The Phillies, meanwhile, haven’t been big players in free agency for pitchers — at least not to the extent they have with hitters — outside of retaining homegrown Aaron Nola on a seven-year contract. However, that decision is now one of many contributing to a far shakier outlook than we’re used to seeing with the Philadelphia rotation.

Left-hander Cristopher Sanchez broke out as a top-tier arm with this year’s runner-up finish in Cy Young voting, but the rest of the staff has more questions and/or dwindling club control. Ranger Suarez is already a free agent. Zack Wheeler underwent thoracic outlet surgery late in the season. He’s owed $84MM over the next two seasons. Nola struggled to the worst extent of his career, posting an ERA north of 6.00 in 2025. Jesus Luzardo is a quality mid-rotation arm but will be a free agent next winter. Taijuan Walker is also entering the final season of a four-year deal. He rebounded to an extent in 2025, but the first two seasons of that $72MM pact were a disaster. Andrew Painter has long been one of the game’s top pitching prospects, but he was hit hard in Triple-A during his return from 2024 Tommy John surgery.

Obviously, the Phillies already have a lot of money on the long-term books — but perhaps not to the extent some might think. Nola, Trea Turner and Bryce Harper are the only players signed beyond the 2027 season. A backloaded deal for Imai — likely one including at least one opt-out opportunity — could make his salary more manageable in years one and two. Those seasons would dovetail with the remaining years on the contracts of Wheeler (through 2027) as well as Walker (through 2026), Nick Castellanos (through ’26), Jose Alvarado (through ’26) and Matt Strahm (through ’26).

Signing Imai would give the Phillies another large contract on the books but also offers protection against a potentially thinned-out starting group come 2027. Luzardo and Walker are free agents at that point. Painter hasn’t pitched in the majors yet. It’s hard to know what to expect from Wheeler and Nola in 2026 — let alone 2027. Imai (or another multi-year rotation acquisition) could provide some protection, although he’s obviously an untested commodity himself (at least against MLB opposition).

On paper, the Yankees’ rotation need is the least acute of this group. Gerrit Cole could be back relatively early in 2026. Max Fried was dominant in his first season in Yankee Pinstripes. Carlos Rodon was outstanding in 33 starts. Luis Gil, Cam Schlittler and Will Warren are all impressive-looking young starters. Clarke Schmidt could be back late in the season after July Tommy John surgery.

The Yankees already have three pitchers on contracts valued at $162MM or more. Imai would very likely require a fourth commitment of over $100MM and do so at a time when the team is facing questions in the infield and in the outfield. If the Yankees believe Imai can pitch at or near the top of a major league rotation, however, they could sign him and use some of their young pitching and/or prospect depth to make compelling offers for bats on the trade market. It’s a thin offseason with regard to free-agent hitters, after all.

Whoever signs Imai will need to do so within the next four weeks. His posting window closes Jan. 2. The team to sign him will also owe a separate release fee to the Lions in NPB. That fee will equal 20% of the contract’s first $25MM, plus 17.5% of the next $25MM and 15% of any guaranteed money thereafter. Additional earnings unlocked via incentives, escalators and club option years would also be subject to that 15% rate once they become guaranteed.

Sorting Out The Yankees’ Outfield

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The Yankees came up short against the Blue Jays in the ALDS, but the front office has already gotten to work retooling the team, specifically in the outfield. New York extended the qualifying offer to Trent Grisham, which he accepted. Cody Bellinger opted out of his contract, but the team is interested in bringing him back. The team has been linked to top free agent Kyle Tucker. With at most one spot available alongside Aaron Judge and Grisham, where does that leave Jasson Dominguez and Spencer Jones?

Dominguez delivered league-average results at the plate in his first full season of MLB action. He was widely regarded as New York’s top prospect before last season. Given his pedigree, Dominguez is likely overqualified as a fourth outfielder. Jones is probably due for a call-up after launching 35 home runs across Double-A and Triple-A last season, but adding him to the roster without a clear role could stunt his development.

Mark Feinsand of MLB.com had the Yankees dealing Jones when he outlined one trade candidate for each team. Feinsand’s colleague Bryan Hoch mentioned Dominguez and Jones popping up in trade talks if the team secures one of Bellinger or Tucker. Let’s dig into those possibilities.

Trade Dominguez, Keep Jones

Dominguez debuted in 2023 and immediately made an impact, hitting four home runs in eight games. His season was cut short by a UCL injury that eventually required Tommy John surgery. Recovery from the procedure limited Dominguez to 76 games between the minors and majors in 2024. He was a regular for the Yankees this past season, patrolling left field for the majority of the year, while also spending time at DH. The results at the plate were … fine. Dominguez put up a 103 wRC+ as a 22-year-old, finishing with 10 home runs and 23 stolen bases.

The main concern with Dominguez was in the field. He recorded a miserable -10 Outs Above Average and -7 Defensive Runs Saved. Dominguez finished with a -9 Fielding Run Value, which ranked as the 16th-worst mark among all qualified fielders. New York was able to hide Dominguez at DH at times last season, but a healthy Giancarlo Stanton will make that difficult.

Even with the defensive shortcomings, Dominguez has shown enough at the plate to command a considerable return in a trade. He’d be the swing-for-the-fences move and could potentially bring back assets that could contribute on the big-league roster right away.

Trade Jones, Keep Dominguez

Jones has the type of profile that makes him both an enticing trade chip and a sell-high candidate. He was a first-rounder in 2022 and has piled up offensive production in every professional season. Jones reached Double-A by the end of 2023 and dominated the level when he repeated it in 2024. The big lefty mashed 17 home runs and stole 25 in 122 games with Somerset. Jones again found himself with the Patriots to begin this past season. He posted a silly 185 wRC+ to finally move to Triple-A, where he hit 19 home runs in 67 games.

While the minor league production is great, spending so much time at Double-A is a red flag, and it seems to be related to Jones’ contact challenges. He’s had at least a 28.2% strikeout rate at every stop since 2023. Jones struck out more than a third of the time in 2024. Even as he piled up home runs with Scranton/Wilkes-Barre, Jones carried a bloated 36.6% strikeout rate.

Trading Jones would allow the Yankees to cash in on his massive power season and avoid rolling the dice that he’ll make enough contact to succeed as a big leaguer. Of course, inquiring teams would be aware of Jones’ main flaw, but perhaps his pedigree and recent performance would be enough to overlook the swing-and-miss in his game. The return in a trade would be appealing, though it might require taking on assets with their own question marks.

Keep Dominguez and Jones

It’s hard to envision this scenario if New York ends up landing Bellinger or Tucker, but those players will have plenty of suitors. The Yankees could focus on bullpen upgrades in the free agent market instead of making additions on the offensive side. Jones has only played outfield and DH in his minor league career, so there aren’t many ways to fit both players in the lineup. Having Jones repeat Triple-A as a 25-year-old could be considered an admission of his lack of MLB viability, so it probably makes sense to let him fail at the big-league level.

Platooning the switch-hitting Dominguez and the lefty-swinging Jones jumps out as a potential option, but the issue is the former’s struggles from the right side. Dominguez hit just .204 against lefties last season. He was much more productive as a left-handed hitter. Stanton has battled injuries for much of his career, so he probably isn’t equipped to handle everyday DH at-bats at this stage. The Yankees can find enough reps in left field and DH for both Dominguez and Jones, though neither would be a full-time player.

Even if New York keeps both players this offseason, they could still make a move during the year. Finding a trade partner once teams are dealing with injuries and underperformance should be an easier task.

Photo courtesy of Gregory Fisher, Imagn Images

AL East Notes: Bellinger, Tucker, Maton, Campbell

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As usual, the Yankees have been linked to many of the top names on the free agent market, with Kyle Tucker and Cody Bellinger noted as two of the more prominent players on New York’s radar.  How exactly the front office is ordering their internal wish list remains to be seen, but Jon Heyman of the New York Post writes that Tucker “appears to be a backup plan” to Bellinger.  Familiarity and defensive flexibility are the key elements, as Heyman notes that the Yankees already know Bellinger can handle playing in the pressurized environment of the Bronx.  Tucker is primarily a right fielder who would have to move over to left field in New York due to Aaron Judge’s presence, while Bellinger brings more defensive utility as a player capable of playing all three outfield positions and first base.

It can also be assumed that the Yankees would prefer paying Bellinger’s lower price tag  — MLBTR projects Tucker to land an 11-year, $400MM deal, whereas Bellinger is projected for a relatively more modest $140MM over five years.  Signing Tucker would also cost the Yankees draft picks and international bonus money, whereas those qualifying offer-related penalties don’t apply if Bellinger is re-signed.

Here’s some more from around the AL East…

  • The Blue Jays had interest in Phil Maton before the veteran reliever signed with the Cubs, Sportsnet’s Ben Nicholson-Smith reports.  This tracks with the Jays’ previous interest in the righty, as Toronto was previously linked to Maton when he was a free agent last winter and at the trade deadline before Maton was dealt from the Cardinals to the Rangers.  Toronto is known to be looking for a reliever to supplement or even replace Jeff Hoffman in the closer’s role, but Maton also would’ve been a good addition as a bullpen workhorse who has shown an ability to handle higher-leverage work in the past.
  • Kristian Campbell will be playing winter ball, the Boston Globe’s Alex Speier reports, as the Red Sox continue to look to get Campbell on track after a shaky debut season in the majors.  A meteoric rise in his first two pro seasons earned Campbell a spot on Boston’s Opening Day and an eight-year, $60MM extension shortly thereafter, but he hit only .223/.319/.345 over 263 plate appearances as pitchers adjusted quickly to Campbell after his hot start.  Demoted to Triple-A Worcester in June, Campbell hit decently well at Triple-A but with little power, and he also was toggled around the diamond seeing time at first base, second base, and all three outfield positions.  Sox chief baseball officer Craig Breslow told Speier and other reporters earlier in November that Campbell was focused on regaining some weight and becoming stronger to better handle the grind of a full season.  The pricey contract along will keep Campbell involved in Boston’s plans, though it remains to be seen how he’ll fit into a 2026 team that has a crowded outfield, and has been linked to multiple major free agent infielders.

Yankees Re-Sign Michael Arias To Minor League Deal

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The Yankees are bringing back right-hander Michael Arias on a minor league deal, according to his MLB.com transactions log. New York acquired the reliever in a trade with the Cubs last offseason after Chicago designated him for assignment.

Arias put together a strong season across several minor league levels in the Yankees’ system, posting a 2.73 ERA with a 27.1% strikeout rate. While he began the year in the Florida Complex League, the righty didn’t pile up stats against overmatched competition. Arias did his best work at Double-A, pushing his strikeout rate over 30% and limiting hitters to a .205 batting average.

Control is always going to be the question with Arias. He compiled his “best” walk rate this past season, but it was still an unsatisfying 12.8% mark. Arias has racked up 152 walks over 211 2/3 professional innings. The struggles with walks make sense, given Arias was drafted as a shortstop and converted to pitching in 2021.

Toronto signed Arias as an international free agent in 2018. He was released before appearing with the team and latched on with the Cubs in 2021. Arias worked primarily as a starter through 2023, reaching High-A. He began the 2024 campaign as a reliever in Double-A. He recorded 24 innings with a solid 3.75 ERA at that level, then moved up to Triple-A. Arias scuffled to a 5.45 ERA over 33 appearances with Iowa. He walked 36 opposing hitters in 36 1/3 innings. Chicago DFAed Arias in January.

The infielder-turned-reliever is still only 24 years old. His relative lack of pitching experience suggests there’s still time to clean up the control problems. FanGraphs ranked Arias at 11th in the Cubs’ farm system at the end of the 2024 season. MLB.com had him at 14th in 2024. Arias’ strikeout numbers and three-pitch arsenal could allow him to function as an effective multi-inning reliever in the early Jonathan Loaisiga mold. He’ll have to take a big step forward in the command department to become a major-league asset, though.

Photo courtesy of Dave Nelson, Imagn Images

Yankees, Yerry Rodriguez Agree To Minor League Deal

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The Yankees have agreed to a minor league contract with right-handed reliever Yerry Rodriguez, as first indicated on the transaction log at MLB.com. It’s a two-year minor league pact, agent Kelvin Nova tells MLBTR. Rodriguez underwent Tommy John surgery back in spring training, when he was a non-roster invitee with the Pirates. He’s targeting a midseason return to the mound in 2026.

Rodriguez, a hard-throwing 28-year-old, has appeared in parts of three big league seasons between the Rangers and Blue Jays. He’s pitched only 36 1/3 innings in the majors and been tagged for 33 runs in that time (8.17 ERA). He’s been plagued by a bloated .345 average on balls in play, but a penchant for walks and home runs have been larger detriments to his big league work.

Though he hasn’t had much success in limited MLB work, Rodriguez touts a 3.56 ERA in parts of eight minor league seasons. He’s punched out 27.8% of his minor league opponents, including a 28.3% strikeout rate in parts of four Triple-A seasons. Rodriguez has walked nearly 11% of his big league opponents but just 8.8% of opponents in the minors (albeit 12% in Triple-A).

Rodriguez has averaged 96.7 mph on his heater in the big leagues, pairing the pitch with a slider that sits 84 mph and a lesser-used changeup that sits 86.3 mph. Just one-third of the batted balls against Rodriguez in the majors have been grounders, but in a much larger sample of minor league work he’s routinely posted above-average ground-ball rates (47.5% in Triple-A) and strong swinging-strike rates.

Because he’ll still be rehabbing next spring, Rodriguez won’t be in the mix to vie for an Opening Day roster spot. He could be a midseason addition to the bullpen if he avoids any setbacks and pitches well on a rehab stint. If not, he’ll be in big league camp during spring training 2027. Rodriguez is out of minor league options, so if the Yankees add him to the roster at any point, they won’t be able to send him back down without first exposing him to waivers.

Yankees Notes: Devin Williams, Kyle Tucker, Payroll

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The Yankees are interested in bringing free agent closer Devin Williams back to the Bronx. League sources told Ken Rosenthal and Will Sammon of The Athletic that the team has discussed a reunion with Williams’ camp.

Williams is one of the top names on the closer market. He landed at No. 16 on our Top 50 Free Agents list, which put him second among relievers, behind only Edwin Diaz. The 31-year-old is expected to have many suitors, with the Reds and Red Sox linked to him last week, and the Mets, Tigers, and Giants joining the mix this week. The Dodgers and Marlins have also been connected to Williams.

New York sent Caleb Durbin and Nestor Cortes to Milwaukee for Williams in December 2024. He struggled in his first month with the team, losing the closer role by May. An injury to fill-in closer Luke Weaver allowed Williams to regain the role, and he pitched well in June and July. The trade deadline acquisition of David Bednar pushed Williams back into setup duty. He closed the year with his best stretch of the campaign, posting 13 scoreless innings from September 7 through the postseason.

Williams said he would “definitely be open” to returning to the Yankees back in October. As for whether being the closer would impact his next destination, Williams said it “depends on the scenario.” While Weaver is a free agent, New York still has Bednar and fellow trade deadline acquisition Camilo Doval under team control for next season.

Williams isn’t the only high-profile free agent on the Yankees’ radar. General manager Brian Cashman told reporters on Thursday, including Bryan Hoch of MLB.com, that he’s been in contact with agent Casey Close on several players. That list of possible targets includes Kyle Tucker, Kyle Schwarber, Michael King, and former Yankee Paul Goldschmidt. Cashman also mentioned interest in Tatsuya Imai, who was posted by the Seibu Lions earlier this week. “We’re certainly engaging all these players in the marketplace,” Cashman said.

Tucker will likely have just as many suitors as Williams, perhaps more. Toronto is considered by some teams to be the favorite to land the star outfielder, but the Dodgers, Yankees, and Orioles have been linked to him. Given that he’s the big prize in free agency this offseason, additional teams are bound to come forward as potential candidates.

New York regained an outfielder when Trent Grisham accepted the qualifying offer, but lost one when Cody Bellinger opted out of his contract. Jasson Dominguez is penciled in alongside Grisham and Aaron Judge, but he hasn’t performed well enough to discourage the Yankees from going after a massive upgrade in Tucker. They could also re-up with Bellinger.

As far as paying for these potential acquisitions, Cashman was noncommittal about whether payroll would exceed $300MM. “I think it could go both ways. So it just depends on how things shake out and what opportunities present themselves,” he told reporters, including Hoch. FanGraphs’ RosterResource tool currently has the Yankees’ payroll at around $260MM next season. Grisham’s deal added about $22MM to the ledger, and he’s just the sixth-highest-paid player on the team next year. New York’s payroll was around $296MM this past season after topping $300MM in 2024.

A deal for Tucker, Schwarber, Williams, or any of the other marquee names will likely require a big commitment across many years. The Yankees already have several of those types of deals on the books between Judge, Max Fried, Gerrit Cole, and Carlos Rodon, who are all on large contracts through at least 2028. Cashman expressed confidence he could make it work, though. “The job right now is to find out what’s available, and those all have different price points,” Cashman said. “There could be cheap players that are available that are good, or there could be very expensive players that are available that are good.”

Photo courtesy of Brad Penner, Imagn Images

American League Non-Tenders: 11/21/25

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Every American League team has officially announced their non-tender decisions. It was a quiet evening in terms of subtractions, with only the Rangers parting with any marquee players. All players who were non-tendered are free agents without going on waivers. A few teams dropped pre-arbitration players from the back of the 40-man roster. It’s possible they preferred not to expose them to waivers and are hopeful of re-signing them to non-roster deals.

Here’s a full list of today’s activity in the AL, while the National League moves are available here. All projected salaries are courtesy of MLBTR contributor Matt Swartz.

  • The Angels announced they’ve non-tendered outfielder Gustavo Campero and catcher Sebastian Rivero. Campero is a depth outfielder who has hit .202/.272/.346 over the past two seasons. Rivero operated as the club’s third catcher for most of the season but spent the final few weeks on the active roster. Neither player had been eligible for arbitration. All their arb-eligible players were easy calls to retain.
  • The Astros technically made one non-tender, dropping infielder Ramón Urías after he was designated for assignment earlier in the week. He’d been projected at $4.4MM.
  • The Athletics officially non-tendered outfielder JJ Bleday, the club announced. He’d been designated for assignment on Tuesday, so this was inevitable unless they found a trade partner. Bleday had been projected at $2.2MM.
  • The only non-tenders for the Red Sox were first baseman Nathaniel Lowe and reliever Josh Winckowski, each of whom had been designated for assignment on Tuesday. Lowe was projected at $13.5MM, while Winckowski was at $800K.
  • The Guardians non-tendered outfielder Will Brennan and relievers Sam Hentges and Nic Enright. The latter had been designated for assignment on Tuesday. Hentges hasn’t pitched since undergoing shoulder surgery in September 2024. He underwent a right knee procedure a few months ago and will be delayed this offseason. Brennan only appeared in six MLB games this year and underwent Tommy John surgery while in the minors in June. He’d been projected at $900K.
  • The Mariners non-tendered reliever Gregory Santos, reports Francys Romero. He’d only been projected at $800K, narrowly above the MLB minimum, so the move was about dropping him from the 40-man roster. Seattle acquired the 26-year-old righty from the White Sox over the 2023-24 offseason. He has only made 16 MLB appearances with a 5.02 earned run average over the past two years because of lat and knee injuries. Seattle also non-tendered relievers Trent Thornton and Tayler Saucedo (the latter of whom was designated for assignment on Tuesday). Thornton had been projected at $2.5MM and is coming off a 4.68 ERA through 33 appearances. He suffered a season-ending Achilles tear in August.
  • The Orioles non-tendered swingman Albert Suárez, the team announced. Everyone else in their arbitration class was offered a contract, surprisingly including first baseman Ryan Mountcastle (as first reported by ESPN’s Jeff Passan). Suárez, 36, was a solid depth starter in 2024. He was limited to five MLB appearances this past season by a flexor strain but is not expected to require surgery.
  • The Rangers non-tendered each of Adolis García, Jonah Heim, Josh Sborz and Jacob Webb. MLBTR covered those moves in greater detail.
  • The Rays only non-tendered outfielders Christopher Morel and Jake Fraley, each of whom had been designated for assignment earlier in the week. Marc Topkin of The Tampa Bay Times reported last night that the Rays were open to bringing back Fraley at a lower price than his $3.6MM arbitration projection.
  • The Royals non-tendered outfielder MJ Melendez and reliever Taylor Clarke, per a club announcement. Melendez, who’d been projected at $2.65MM, was an obvious decision. The former top prospect never developed as hoped and is a career .215/.297/.388 hitter over parts of four seasons. Clarke isn’t as big a name but comes as the more surprising cut. He’d been projected at just $1.9MM and is coming off a 3.25 ERA with a 21.4% strikeout rate over 55 1/3 innings out of the bullpen.
  • The Tigers are non-tendering utility player Andy Ibáñez, according to Romero. He’d been projected at $1.8MM. The righty-hitting Ibáñez had been a solid short-side platoon bat for Detroit between 2023-24. His production against southpaws dropped this year (.258/.311/.403), limiting his value. The Tigers optioned the 32-year-old to Triple-A in early June and kept him in the minors until shortly before the trade deadline. Detroit also dropped the six pitchers they’d designated for assignment earlier in the week: Tanner Rainey, Dugan Darnell, Tyler Mattison, Jason Foley, Jack Little and Sean Guenther.
  • The only Twins non-tender was outfielder DaShawn Keirsey Jr., who’d been designated for assignment this morning to make room for the Alex Jackson trade. Everyone in the arbitration class was brought back.
  • The White Sox non-tendered outfielder Mike Tauchman, as first reported by Bruce Levine of 670 The Score. The lefty hitter turned in a solid .263/.356/.400 line in 93 games this past season. Tauchman has gotten on base at plus rates in three straight years but was also non-tendered by the Cubs a year ago. The 34-year-old (35 next month) had been projected for a $3.4MM salary. The Sox also announced they’ve dropped lefty reliever Cam Booser and first baseman Tim Elko. Neither had been eligible for arbitration. The former posted a 5.52 ERA in 39 appearances after being acquired from the Red Sox last winter, while the latter hit .134 in his first 23 MLB games despite a 26-homer season in Triple-A.
  • The Yankees announced five non-tenders. Relievers Mark Leiter Jr., Scott Effross, Jake Cousins and Ian Hamilton were all cut loose, as was pre-arbitration righty Michael Arias. Leiter, who’d been projected at $3MM, never clicked in the Bronx after being acquired at the 2024 deadline. He posted a 4.89 ERA in 70 innings as a Yankee. Hamilton, Effross and Cousins were all projected just above the MLB minimum but are cut to clear roster space. Hamilton was on and off the active roster and posted a 4.28 ERA in 40 big league frames this year. Effross was limited to 11 appearances and has been plagued by various injuries for the past three and a half years, while Cousins is working back from Tommy John surgery. Arias has never pitched in the big leagues and could be brought back on a minor league deal.

The Blue Jays tendered contracts to all unsigned players on the 40-man roster.

Players Avoiding Arbitration: 11/21/25

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The deadline for teams to tender contracts to arbitration-eligible players is this afternoon at 4pm CT. Throughout the day, we’ll surely see a handful of arb-eligible players agree to terms with their clubs to avoid a hearing.

These so-called “pre-tender deals” usually, although not always, involve players who were borderline non-tender candidates. Rather than run the risk of being cut loose, they can look to sign in the lead-up to the deadline. Those salaries often come in a little below projections, since these players tend to have less leverage because of the uncertainty about whether they’ll be offered a contract at all.

Under the 2022-26 collective bargaining agreement, players who sign to avoid an arbitration hearing are guaranteed full termination pay. That’s a change from prior CBAs, when teams could release an arb-eligible player before the season began and would only owe a prorated portion of the contract. This was done to incentivize teams and players to get deals done without going to a hearing.

All salary projections in this post come via MLBTR contributor Matt Swartz. This post will be updated throughout the day as deals are announced and/or reported. Salary figures are from The Associated Press unless otherwise noted.

Photo courtesy of William Liang, Imagn Images

Latest On Kyle Tucker’s Market

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We’re still in the nascent stages of the MLB offseason, with only a handful of notable free-agent signings and trades thus far. Still, with the GM Meetings now in the rearview mirror, teams have laid a fair bit of groundwork for the weeks and months ahead, both on the free agent and trade markets. Kyle Tucker stands as the offseason’s top free agent, and while there’s no indication he’s close to signing, there are also some hints falling into place about his potential market.

ESPN’s Jeff Passan wrote this week that some rival teams feel the Blue Jays are the likeliest landing spot for the four-time All-Star. They’ve been a popular speculative pick early on after a deep World Series run and with only one other major long-term commitment (Vladimir Guerrero Jr.) on the books. Of course, Bo Bichette could be the priority, and it’s rare for any team to sign two free agents of that magnitude in a single offseason.

Tucker is a prominent enough star that some unexpected suitors figure to jump into the fray. Ken Rosenthal of The Athletic wrote this morning that while the Orioles are prioritizing pitching this winter, they haven’t ruled out a run at Tucker. Having already acquired Taylor Ward from the Angels, the addition of Tucker would free Baltimore to dangle young outfielders Colton Cowser and Dylan Beavers on the trade market in hopes of securing some controllable arms. There are quite a few pitchers of note who could be on the block this winter, and both Cowser and Beavers would intrigue clubs looking to move arms. Both are former first-round picks. Cowser has four more seasons of club control, while Beavers only debuted late in 2025 and thus has a full slate of six years of club control remaining.

Baltimore stands as a fascinating fit. President of baseball operations Mike Elias was the Astros’ scouting director when Tucker was selected with the No. 5 overall pick. The O’s don’t have anything on the books long-term, other than Samuel Basallo’s eight-year, $67MM extension. That $8.375MM annual value isn’t going to be stand in the way of any other long-term deals. Beyond Basallo, Tyler O’Neill is the only other player signed to a guaranteed deal beyond the 2026 season. His three-year, $49.5MM contract runs through 2027.

The Orioles’ long-term financial outlook is so clean that there’s no true impediment to them signing Tucker and a notable a free agent starter. That’s not to say such a scenario is likely, of course, but Baltimore’s 2026 payroll currently projects for about $105MM, per RosterResource, and that’s before potential non-tenders or trades of Ryan Mountcastle ($7.8MM projected salary), Keegan Akin ($3MM projection), Yennier Cano ($1.8MM projection) and/or Alex Jackson ($1.8MM projection) prior to tomorrow’s 5pm ET non-tender deadline.

Depending on what happens with the Orioles’ arbitration class, they could realistically see next year’s projected payroll drop into the $93-100MM range by tomorrow evening. The opened the 2025 season with a payroll around $164.5MM. We’re certainly not accustomed to seeing Baltimore spend like this, but this is also only the second offseason under new owner David Rubenstein. Elias has already publicly stated that he is “fully prepared” to sacrifice draft picks by signing free agents who rejected qualifying offers, and for all the focus on pitching, it was reported more than a month ago that the O’s also covet an impact bat — likely in the outfield.

None of this is intended to frame the Orioles as any sort of favorite to sign Tucker, to be clear. Far from it. However, the fit and logic behind it are probably more sensible than one might think at first glance.

Other clubs will still loom in the market. Passan cites the Phillies as a possible landing spot, should Kyle Schwarber sign elsewhere. The Yankees have been linked to both Tucker and a Cody Bellinger reunion. GM Brian Cashman indicated this week that Trent Grisham’s decision to accept his qualifying offer will not impact the team’s pursuit of Bellinger. Presumably, then, that thinking extends to Tucker as well. The Dodgers have also been linked to Tucker, though Passan doubles down on his prior reporting that their interest would “likely” be on a shorter-term but high-AAV deal — the type we rarely see taken by the consensus top free agent in a given offseason.

Yankees, Jonathan Ornelas Agree To Minor League Deal

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The Yankees are in agreement with infielder Jonathan Ornelas on a minor league contract, as first reflected on the MLB.com transaction tracker. According to Francys Romero, he’ll get a non-roster invitation to MLB Spring Training and could opt out midway through the season if he’s not on the 40-man roster.

Ornelas divided this past season between the Rangers and Braves. He spent most of the year in Triple-A, where he limped to a .196/.295/.303 batting line in nearly 400 plate appearances. Ornelas combined for six big league appearances and has gotten into 32 MLB contests over the past three seasons. He’s a .208 hitter with a .263 on-base percentage and no home runs in that limited body of work.

A former third-round draft choice, Ornelas hasn’t been much of a hitter in the minor leagues either. He owns a .233/.331/.331 slash over parts of three Triple-A seasons. The Yankees are signing him for his glove and defensive versatility. Ornelas has logged more than 3500 minor league innings at shortstop. He has ample second and third base experience and has gotten some work in center and left field.

Anthony Volpe is likely to begin the season on the injured list as he works back from shoulder surgery. José Caballero will enter the year as the starting shortstop barring an offseason acquisition. Braden Shewmake, Jorbit Vivas and Oswaldo Cabrera are their current backup infielders. Shewmake is the only natural shortstop of the group, and he’s coming off a .244/.318/.362 showing in Triple-A. They’ll probably add at least one more established depth infielder, but it’s a decent landing spot for Ornelas as he tries to battle for an Opening Day job.

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