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Rays Decline Option On Pete Fairbanks

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The Rays have declined their $11MM option on reliever Pete Fairbanks, reports ESPN’s Jeff Passan. He’s now a free agent.

Fairbanks has spent almost all of his big league career in Tampa Bay. The Rays acquired him from the Rangers in a swap for outfield prospect Nick Solak in 2019. It worked out beautifully for the Rays, as Fairbanks has been one of the better late-game arms in the sport over the past six seasons. He carries a 2.87 earned run average in nearly 250 innings going back to the start of the 2020 season.

Earlier in his career, Fairbanks posted massive strikeout rates to match the excellent run prevention. He punched out nearly 35% of batters faced from 2020-23, fanning no fewer than 29% of opponents in each season. That has dropped significantly over the last two seasons. Fairbanks has posted a strikeout rate around 24% in consecutive years. He got swinging strikes on 12.6% of his offerings this past season. Both marks are still good but only a little higher than the league average 22.8% strikeout rate and 11.5% swinging strike percentage for relievers.

Fairbanks remains a very good closer despite the drop in whiffs. He’s coming off a 2.83 ERA across 60 1/3 innings. He went 27-32 in save chances and has picked up at least 23 saves in each of the past three years. Fairbanks’ velocity has backed up slightly from his 2022-23 peak when he was averaging north of 99 MPH on his heater. Even with that “regression,” he throws harder than 97 on average with a plus mid-80s slider. Fairbanks has missed time in his career with lat and forearm issues but didn’t spend any time on the injured list this year.

The dip in strikeouts evidently deterred teams enough that they didn’t want to invest in Fairbanks this early in the offseason. His $11MM option always seemed likely to be too rich for the Rays’ taste. Still, it registers as a surprise that the Rays were apparently unable to find a trade partner. Fairbanks was never going to net a huge return as a pricey rental reliever, but it seems no one was even willing to part with a mid-tier prospect to exercise the option themselves.

That instead sends him to free agency in advance of his age-32 season. It’s rare but not entirely unheard of for a player to sign for more money as a free agent than he would’ve made had he been tendered an arbitration contract. Fairbanks could find a two-year deal that pays less than $11MM annually but comes with a higher overall guarantee.

A one-year deal in the $11MM range is also possible. Fairbanks is better than José Leclerc, who commanded $10MM from the A’s last winter. The Orioles have made consecutive $9MM commitments to Andrew Kittredge. There may be teams that value Fairbanks as a $10-12MM arm but didn’t want to tie that money up within the first five days of the offseason. He joins Ryan Helsley, Devin Williams, Kyle Finnegan and Luke Weaver among the middle tiers of free agent closers.

Dodgers Exercise Club Options On Max Muncy, Alex Vesia

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The Dodgers have exercised a $10MM club option to bring back third baseman Max Muncy. Fabian Ardaya of The Athletic was among those to relay the news. They will also pick up their $3.65MM option on left-hander Alex Vesia, per Ardaya. In other news, Ardaya notes that the Dodgers are adding outfielder Ryan Ward to the 40-man roster.

There was never much suspense about these decisions. Munch has been a key contributor on the Dodgers for close to a decade now. He missed some time this year due to a bone bruise in his left knee and an oblique strain, but still managed to produce when he was on the field. He hit 19 home runs in 100 games and drew a walk in 16.5% of his 388 plate appearances. He put up a .243/.376/.470 line, which translates to a 137 wRC+.

He and the Dodgers clearly love each other, as the two parties have worked out multiple contract extensions. They signed a three-year, $26MM deal back in 2020. Late in 2022, they tacked another year on. After the 2023 season, they signed a two-year, $24MM extension with a $10MM club option for 2026 with no buyout. Barring some kind of surprising offseason trade, Muncy will be back to man third base for the Dodgers in his age-35 season.

Vesia, 30 in April, is going into his third and final arbitration season. In January of 2025, he and the Dodgers appeared headed for a hearing to decide on his 2025 salary. He had filed at $2.35MM with the team at $2.05MM. They avoided that hearing by agreeing to a one-year deal plus a club option for 2026. Vesia would get a $2.3MM guarantee in the form of a $2.25MM salary in 2025 plus a $50K buyout on the $3.55MM club option. Vesia could add $50K to the option by pitching in 60 games with another $50K for 65 games, plus another $75K for 70 games. He got into 68 contests this year, therefore bumping the option price to $3.65MM.

His performance was quite strong this year. He logged 59 2/3 innings with a 3.02 earned run average, 33.8% strikeout rate and 9.3% walk rate. He also made seven postseason appearances, though he had to miss the World Series due to a family matter.

Even if the Dodgers turned down the option, Vesia still would have been controllable via arbitration. MLBTR contributor Matt Swartz projected Vesia for a $4.1MM salary next year. If the Dodgers had similar projections internally, then picking up the option was the cheaper path. It’s also the easier path, when considering the sides almost went to a hearing last year and Vesia has been dealing with that aforementioned family matter. Put it all together and triggering the option was the obvious call.

Ward, 28 in February, gets added to the roster to prevent him from becoming a minor league free agent. The Dodgers selected him in the eighth round of the draft back in 2019. He has proven to be a reliable power bat in the minors, having hit between 21 and 36 homers in each season since 2021. He hit 36 long balls in Triple-A this year with a 12.7% walk rate and 18.7% strikeout rate. He slashed .290/.380/.557 for a 132 wRC+.

A grain of salt is required since that was his third year at the level. He’s a bit old to be considered a prospect. He is also graded as a poor defender, even in an outfield corner. However, the Dodgers didn’t want him to get away. The Dodgers obviously have a strong roster but the outfield is a relative weak spot. The Michael Conforto signing didn’t work out. Andy Pages saw his bat disappear in the playoffs. Teoscar Hernández had some timely hits but also some defensive and baserunning mistakes. Ward gives them a bat-first depth option with a full slate of options.

Photo courtesy of Kirby Lee, Imagn Images

Padres Hire Craig Stammen As Manager

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The Padres announced that they have signed former big leaguer Craig Stammen to a three-year deal to serve as their new manager. Kevin Acee of the San Diego Union-Tribune reported Stammen’s hiring prior to the official announcement.

“Craig has been a strong presence in our organization for nearly a decade,” president of baseball operations A.J. Preller said in the press release. “He possesses deep organizational knowledge and brings natural leadership qualities to the Manager’s chair. As both a player and in his post-playing career, Craig has displayed an ability to elevate those around him. His strength of character, competitive nature and talent for bringing people together make him the ideal choice to lead the Padres.”

It’s yet another out-of-the-blue development from San Diego. Shortly after the Padres were eliminated from the postseason, initial reporting indicated that manager Mike Shildt was likely to stay for the 2026 season. A few days later, he surprisingly stepped down, amid reporting that Shildt’s relationship with other club employees was quite poor.

Now the news of Shildt’s replacement also comes as a surprise. Prior to the news of Stammen’s hiring, there had been no public indication that he was even a candidate for the job. Names like Ryan Flaherty, Ruben Niebla, Albert Pujols and Nick Hundley were connected to the job over the past month. Last week, reporting from Acee indicated that there were “no more than four” finalists, with Pujols, Niebla and Hundley being three of them. It would now appear that Stammen was the mystery fourth candidate.

It’s also a surprising development in that Stammen has no prior managerial or even coaching experience. He pitched in the big leagues from 2009 to 2022. The first seven of those seasons came with the Nationals and the final six with the Padres. He signed a minor league deal with the Padres going into 2023 but then suffered a major shoulder injury during spring training. He announced his retirement a few months later. In January of 2024, the Padres hired him in a player development role.

Despite the lack of dugout experience, apart from his time as a player, the Padres seem to feel that Stammen is the man for the job. They obviously know him well, as their relationship with him goes back at years at this point, combining his playing days with his recent player development role.

Still, it’s a notable gambit for the team to take, as the wobbly manager’s chair in San Diego has been a topic of conversation for years. Preller was hired back in 2014, with the Padres rebuilding for a while. Going into 2020, as they hoped the rebuild was over, they hired Jayce Tingler to be their new skipper. At the time, Tingler had a few years of coaching experience but was just 38 years old and had never been a manager. The Padres performed well in the shortened 2020 season but disappointed in 2021 amid reports that Tingler lost the clubhouse.

Going into 2022, they went for a more seasoned manager. They hired Bob Melvin, who was 60 years old and had almost two decades of managerial experience. The Friars made the playoffs in 2022 but disappointed in 2023. There were whispers that Melvin and Preller didn’t get along. The Padres let Melvin interview with the division-rival Giants and he jumped ship prior to the 2024 season.

Shildt, another baseball lifer with lots of coaching and managerial experience, was hired two years ago. The Padres won at least 90 games in each of his seasons but, as mentioned, recent reports have indicated that things weren’t pretty behind the scenes. It was also recently reported that Preller preferred to hire Ryan Flaherty over Shildt but he may have been overruled by ownership. Flaherty was 37 years old and barely removed from his playing days at the time.

Stammen, 41, is seemingly more towards the Tingler/Flaherty end of the spectrum than the Melvin/Shildt side. Perhaps that may not matter and the Padres just feel that, as an individual, he is the best man for the job. Stammen will have to jump right to the helm and try to steer the Padres forward. The club has had a lot of success in recent years and is surely hoping for more. The roster is filled with expensive veteran star players and all signs point to them continuing to attempt to contend.

For those who missed out on the gig, they are mostly out of chances for a managerial job. There were several managerial vacancies this winter but this was one of the last ones to be filled. The Rockies are the last club without a skipper, though a decision for that job is not imminent. The Rockies are first planning to hire a new front office leader. Whoever gets that job will then start the search for the club’s next manager. Dennis Lin of The Athletic relays that Niebla was the other finalist for the Padres’ job. Alden González of ESPN says Niebla is expected to return to the Friars as pitching coach next year.

Photos courtesy of Orlando Ramirez, Imagn Images

Phillies Exercise Option On Jose Alvarado

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The Phillies announced they have picked up the club option on left-handed pitcher José Alvarado. The reliever will make $9MM next season.

Alvarado signed a three-year, $22MM extension ahead of the 2023 season. The $9MM club option for 2026 included a $500,000 buyout, though it didn’t seem likely that Philadelphia would go that route. President of baseball operations Dave Dombrowski said as much a couple of weeks back. Alvarado’s performance over the past few seasons would’ve made him one of the most enticing lefty relievers on the market. The Phillies will retain him at a relative bargain.

Alvarado and his 99 mph sinker posted solid results this past season. He had a strong 28.1% strikeout rate while showcasing impressive control. Alvarado’s 6.1% walk rate was the best of his career. It was his first year under 11% since his MLB debut with Tampa Bay in 2017. Alvarado’s 2.96 xFIP and 2.87 SIERA suggest he performed better than his 3.81 ERA. Perhaps the only factor that would bring picking up his team option into question was an 80-game PED suspension handed down in mid-May. Alvarado returned to the club for eight appearances before going down with a forearm strain. He was ineligible for the postseason due to the suspension, though he may not have been available anyway due to the injury.

Philadelphia acquired Alvarado via trade in December 2020. The three-team deal sent fellow lefty reliever Garrett Cleavinger from the Phillies to the Dodgers. Alvarado pitched to a 4.20 ERA in his first year with the team, with an untenable 18.7% walk rate leading to uneven results. He got the command in check the following season, while his strikeout rate exploded. Alvarado punched out 37.9% of hitters in 2022, the best mark of his career to date. A career-worst .340 batting average on balls in play pushed his ERA to 3.18, but a 2.37 SIERA was more representative of his dominance that season.

Alvarado had his best season from a run prevention perspective in 2023. He posted a career-best 1.74 ERA across 41 1/3 innings. Opposing batters hit just .195 against Alvarado. He maintained a strikeout rate above 37%, while trimming his walk rate to 10.5%. Alvarado entered the closing mix on a more regular basis that season, earning 10 saves after totaling just seven in his first two years with the team.

The 2024 campaign saw Alvarado set a new career high with 13 saves. He topped 60 innings for the first time since 2018. The strikeout numbers fell off, however, with Alvarado punching out just over a batter per inning. His 4.09 ERA was supported by a 3.83 SIERA. Alvarado allowed two earned runs in his lone postseason appearance, which came against the Mets in the NLDS.

Philadelphia acquired Jhoan Duran at the 2025 trade deadline to serve as its closer. Alvarado will be in the setup mix with Matt Strahm and Orion Kerkering for the upcoming season. The Phillies ranked 20th in bullpen ERA this past year, though they were 11th after adding Duran.

Reds Decline Options On Brent Suter, Scott Barlow, Austin Hays

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The Reds announced that they have turned down three contract options. Outfielder Austin Hays had a $12MM mutual option on his deal but the club has declined that in favor of giving him a $1MM buyout. Right-hander Scott Barlow receives a $1MM buyout instead of a $6.5MM club option. Left-hander Brent Suter gets a $250K buyout instead of a $3MM club option. All three players are now free agents.

None of the three decisions is a shock, though there did seem to be a chance of Suter being brought back. His earned run average jumped up to 4.52 this year and he’s now 36 years old but the price isn’t egregious. He also has a strong clubhouse reputation and local ties as a guy who played high school ball in Cincinnati.

It seems that wasn’t enough for the Reds to overlook the numbers. As mentioned, his age and ERA both crept up this year. He is still doing a good job limiting hard contact, so he should still be in line for a gig somewhere. Perhaps the Reds will circle back to him and try to bring him back at a lower price point.

Barlow, 33 in December, signed with the Reds last offseason. The one-year deal came with a $2.5MM guarantee in the form of a $1.5MM salary plus the aforementioned option buyout. His 4.21 ERA this year was fairly close to last year’s 4.25 but with concerning trends under the hood. His strikeout rate dropped from 28.2% last year to 24.8% this year, his walk rate climbed from 12.9% to 14.9% and his grounder rate dropped from 47.1% to 42.9%.

Though the ERA held fairly steady, given the direction of the other numbers, it’s understandable that the Reds didn’t want to give him a relatively hefty raise. The Reds aren’t a big spender and will have about the same payroll next year, so they are keeping some powder dry for now.

As for Hays, his option always seemed destined to be bought out. It’s been over a decade since a mutual option was triggered by both sides. They are usually added to contracts as a way for the team to delay paying part of the guarantee. The Reds signed Hays last winter to a one-year, $5MM deal, with a $4MM salary and then the $1MM buyout on the $12MM mutual option.

He had a decent season, slashing .266/.315/.453 for a 105 wRC+, but that wasn’t going to be enough for the Reds to double his salary. He’ll head out to the open market to look for his next opportunity. That will likely come from a club in need of help against southpaws. Hays swings right-handed and has been better against lefty pitchers in his career. That includes a .319/.400/.549 line and 155 wRC+ in 2025.

Photo courtesy of Aaron Doster, Imagn Images

Jorge Polanco Declines Player Option

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Infielder Jorge Polanco is now a free agent, reports Jon Heyman of The New York Post. Heyman says Polanco is turning down an $8MM mutual option but Polanco actually converted that to a $6MM player option during the season. Regardless of the details, the larger point is that Polanco is heading back to the open market, collecting a $750K buyout on his way out the door.

The decision is not a surprise. Polanco is coming off a tremendous bounceback season. He stepped to the plate 524 times and hit 26 home runs. His .265/.326/.495 batting line translated to a 132 wRC+, his best offensive performance over a full season in his career.

It wasn’t a perfect season. Ongoing knee problems kept him mostly in the designated hitter spot, though he appeared to get healthier as the year wore on. He made just 34 starts at second base but most of those were after the All-Star break, including 15 in September.

He undoubtedly has more earning power now than he did a year ago, despite being a year older. The aforementioned knee problems limited him to just 118 games with a rough .213/.296/.355 slash line and 93 wRC+. He underwent knee surgery in October. Despite that poor showing and uncertain health status, the Mariners still re-signed him to a one-year deal with a $7.75MM guarantee. That came in the form of a $7MM salary plus a $750K buyout on an $8MM mutual option. Polanco could convert that to a $6MM player option with 450 plate appearances, which he easily topped.

His better platform season and improved health outlook should line him up for a better deal, likely with multiple years, so turning down one year and $6MM is an easy call. The Mariners have interest in bringing him back but he will have other suitors as well and Seattle may be prioritizing a Josh Naylor reunion.

Photo courtesy of Jordan Godfree, Imagn Images

Braves To Exercise Club Option On Chris Sale

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The Braves are exercising their club option on left-hander Chris Sale, according to a report from Jon Heyman of The New York Post. Sale will make $18MM in 2026.

The call to pick up Sale’s option for the 2026 campaign is surely one of the easiest option decisions any team will make this offseason. Sale, 36, is one of the best pitchers of his generation and won the NL Cy Young award in 2024. He was on track to compete for the award again this year, with a 2.52 ERA and 2.71 FIP through 15 starts, but he found himself sidelined for ten weeks over the summer due to a ribcage fracture. He looked just as dominant as ever when he returned, however, with a 2.72 ERA and 2.58 FIP across six starts in August and September. His stuff looked just as good as ever down the stretch, and he struck out an eye-popping 36.4% of his opponents in his 36 1/3 innings of work.

That Sale is pitching well is hardly a surprise, as he’s put together a Hall of Fame-caliber resume over the years. A nine-time All-Star who placed in the top five for AL Cy Young award voting six times before winning the NL award last year, Sale’s career 3.01 ERA, 2.88 FIP, and 30.8% strikeout rate know few equals throughout the game. He’s seventh all-time in strikeout rate among starting pitchers, and his run prevention and peripheral numbers match up well with titans of the sport like Clayton Kershaw and Pedro Martinez despite some of his counting numbers being held back by a relative lack of volume.

Fortunately, that relative lack of volume also means a relative lack of mileage on his arm, as compared to other players in his age range. Even with his 37th birthday on the horizon in March, Sale figures to serve as the club’s ace once again in 2026. He’ll be at the front of an Atlanta rotation with a lot of exciting upside but precious little certainty. Spencer Strider has shown the capacity to be a Cy Young caliber arm in the past, but had a disappointing 4.45 ERA in 2025. Spencer Schwellenbach has a career 3.23 ERA but was sidelined after just 17 starts this past season. Reynaldo Lopez had a 1.99 ERA in 2024 but didn’t appear in a game after March 28th this year.

Adding at least one proven, reliable rotation arm to this group figures to be a priority for the Braves this offseason, though it’s possible they could look to do more than that given the group’s collective injury history and questions about Lopez’s ability to handle the workload of a starter long-term. Even with additions likely on the horizon, though, there’s little doubt that Sale will be making his seventh career Opening Day start (and second for the Braves) in 2026 as long as he completes Spring Training with a clean bill of health.

Shane Bieber To Exercise Player Option

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Shane Bieber has surprisingly exercised his $16MM option to remain with the Blue Jays, reports Jon Heyman of The New York Post. He’s passing on a $4MM buyout, so he’ll pick up an extra $12MM to remain in Toronto for a second season.

The decision removes one of the better starting pitchers from the free agent market. Bieber was midway through a Tommy John rehab when he hit free agency for the first time in his career last offseason. He re-signed with the Guardians, then the only organization he’d known, on a two-year deal that allowed him to opt out after season one. Bieber was on a minor league rehab assignment when the trade deadline rolled around. Cleveland, then believing they were out of contention, traded him to Toronto for pitching prospect Khal Stephen.

The Blue Jays made one of the more fascinating risk-reward decisions of the deadline. They surrendered a legitimate prospect for a potential rental starter who hadn’t pitched in an MLB game in more than 14 months. It worked out well, as Bieber returned as the #3 caliber starter he had been with the Guards in 2023. He made seven regular season starts and turned in a 3.57 earned run average across 40 1/3 innings. Bieber fanned an above-average 23.3% of opposing hitters against an excellent 4.4% walk rate. He looked fully healthy and averaged 92.6 MPH on his four-seam fastball — his best velocity since 2021.

Bieber added another 18 2/3 frames over five postseason appearances. He pitched pretty well overall, allowing nine runs (eight earned) with 18 punchouts against six free passes. Bieber did surrender three playoff home runs, including the World Series-deciding Will Smith longball in extra innings of Game 7. It ended in disappointment, but Bieber was generally effective for the Jays both in the regular season and October.

That seemingly positioned him well for a return free agent trip this winter. Bieber turns 31 in May. While he’s unlikely to recapture the ace form that earned him the AL Cy Young award in the shortened 2020 season, he’d certainly have gotten plenty of interest as a mid-rotation starter who is still young for a free agent. A nine-figure deal didn’t seem entirely out of the question. At the very least, he looked set for a higher average annual value on a two- or three-year guarantee that allowed him to opt out after the first season.

The $12MM difference between the option price and the buyout is well below market value for a pitcher of Bieber’s caliber even if he were determined to take a one-year deal. As shown on MLBTR’s Contract Tracker, that’s less than Walker Buehler, Justin Verlander, Max Scherzer, Alex Cobb, Charlie Morton and Tomoyuki Sugano pulled on free agent contracts last winter. It’s a few million dollars above the guarantees signed by Michael Soroka ($9MM) and Michael Lorenzen ($7MM).

Bieber will nevertheless lock that in and try to help the Jays get over the top in 2026 after their heartbreaking near miss. Only his camp knows the specific reasoning behind that decision. Speculatively speaking, it’s possible he’s hopeful of hammering out a longer-term deal with the Jays. He’s clearly comfortable with the city and the organization. However, there hasn’t been any reporting to suggest the sides have opened extension talks, much less made significant progress. That’s not to say it’s impossible that such conversations have taken place behind the scenes, but the option decision is a huge development for the team.

Toronto had been facing the free agent departures of Bieber, Max Scherzer and Chris Bassitt in the rotation. They’re balancing their starting pitching needs against their desire to retain Bo Bichette, who could command a $200MM+ contract that makes him the second highest-paid player in the free agent class. Bieber voluntarily locking in a below-market salary to rejoin Kevin Gausman, Trey Yesavage and José Berríos is a major boost. They’ll still look to add at least one more starter, but this could give the Jays more flexibility to make a competitive offer to Bichette and/or upgrade the late innings.

Image courtesy of John Sokolowski, Imagn Images.

Royals Sign Salvador Perez To Two-Year Extension

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Salvador Perez will remain in Kansas City for at least another two seasons. The Royals announced an extension with the nine-time All-Star that covers the 2026-27 campaigns. It’s reportedly a $25MM guarantee for the Beverly Hills Sports Council client, though it actually amounts to $23MM in new money. Perez had been guaranteed a $2MM buyout on a $13.5MM club option for the upcoming season.

There’s a decent amount of deferred money that reduces the net present value. Perez receives a $7MM signing bonus that will be paid in annual installments between 2030-34. He makes $9MM salaries for the next two seasons, with $2.5MM annually deferred until 2030-34. The Royals will only pay Perez $13MM during the next two years. Meanwhile, the decent-sized signing bonus ensures he’d get that money even if a work stoppage threatens players’ salaries in 2027.

General manager J.J. Picollo said at the end of September that the Royals would bring Perez back, though he left open the possibility of a new contract rather than simply exercising the option. That’s indeed how things played out. Teams and players have until Thursday to decide on all option decisions. That presumably served as an unofficial deadline for the Royals and Perez to get a new deal in place. The deferrals save the Royals $7MM next year compared to the option value, while the catcher locks in more money down the line with some protection against a lockout.

Perez, 36 in May, is headed into his 15th full season in the big leagues. He’s obviously one of the most accomplished players in team history and seems likely to be a Royal for life. He’s seventh in franchise history in games played and trails only George Brett in both home runs and runs batted in. Perez isn’t going to make up the nearly 600 RBI he’d need to run down Brett, but he should become the franchise’s home run leader next season barring a significant injury. He has 303 longballs, placing him 14 behind the Hall of Famer’s career total.

A healthy Perez should still easily hit 15+ homers in 2026. He drilled 30 round-trippers this year and has eclipsed 20 homers in all but one full schedule dating back to 2014. The lone exception was the ’19 season which he missed due to Tommy John surgery. Perez trailed only Cal Raleigh, Shea Langeliers and Hunter Goodman in home runs among primary catchers this past season. Raleigh is the only other catcher who drove in at least 100 runs.

While Perez remains a legitimate power threat, the flaws in his game are equally well known. He has never been a patient hitter, and he’s coming off his third sub-.300 OBP in the past four seasons. Perez hit .236/.284/.446 across 641 trips to the plate. The overall slash line is a little worse than league average despite the gaudy homer and RBI tallies. It is still strong production from the catcher position, but Perez has begun to branch out to first base or designated hitter a little more often as he has gotten into his mid-30s.

The five-time Gold Glove winner still has a plus arm and did an excellent job shutting down the running game. Pitch framing metrics have panned his receiving work throughout his career. That remained the case in 2025. Statcast also graded him as the second-worst blocking catcher in the sport, better only than Marlins’ rookie Agustín Ramírez (who somehow committed 19 passed balls in 73 games).

There’s very little chance that Wins Above Replacement models are going to look favorably on this deal. Both FanGraphs and Baseball Reference had Perez only marginally above replacement this year. The Royals have long valued the player a lot more highly than public advanced metrics would suggest. He has always been a revered clubhouse presence and fan favorite, and he won the Roberto Clemente award in 2024 for his contributions in the community (both in Kansas City and his native Venezuela). He served as the bridge between their 2015 World Series team and the ’24 club that returned to the playoffs after a nine-year drought.

They weren’t able to get to October this past season. A lack of offense and some late-season rotation injuries combined to drop them to an 82-80 record. Perez will be back as the primary catcher and should split first base/DH work with Vinnie Pasquantino and Jac Caglianone. The Royals will want to work rookie Carter Jensen into the mix more frequently behind the dish. The 22-year-old was called up in September after K.C. traded longtime backup Freddy Fermin to the Padres at the deadline. Jensen hit .300 with three homers in his first 20 games, an impressive follow-up to a .290/.377/.501 season at Triple-A Omaha.

The Royals have around $140MM in estimated commitments for next season, according to RosterResource. Perez joins Bobby Witt Jr. ($19MM), Seth Lugo ($20MM), Michael Wacha ($14MM) and Cole Ragans ($7.5MM) as their players with contracts for 2027. They’re also locked in to at least a $2MM buyout on a club option for Carlos Estévez.

Anne Rogers of MLB.com first reported the $25MM guarantee, the $7MM bonus, and the presence of deferrals. The Associated Press had the specific deferral structure. Image courtesy of William Purnell, Imagn Images.

Braves To Exercise Club Option On Ozzie Albies

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The Braves are going to pick up their club option on infielder Ozzie Albies. The club hasn’t announced the decision yet but president of baseball operations Alex Anthopoulos confirmed the move in a radio appearance, per Mark Zinno of 92.9 The Game. Atlanta will pay him a $7MM salary instead of the $4MM buyout. There’s also a $7MM club option for 2027 but with no buyout.

Even coming off a down season, there was never any scenario where Atlanta would turn down what’s a net $3MM option to keep Albies in the fold. The 28-year-old switch-hitter (29 in January) posted a career-worst .240/.306/.365 batting line (87 wRC+) in 157 games/667 plate appearances this past season, but he’s also not far removed from a 33-homer campaign and .280/.336/.513 output back in 2023. Plus, Albies finished the season looking far more like his typical self; over his final 264 turns at the plate, he produced a .272/.330/.439 line that sat about 11% better than league average.

Albies is now entering year six of what can max out as a seven-year contract. He inked a five-year, $35MM extension that has long stood as one of baseball’s great bargains. That deal contained a pair of $7MM club options, the first of which is now guaranteed bringing the total to six years and $38MM. (The $4MM buyout was included in the original $35MM guarantee.)

Even if Atlanta brass had soured on Albies’ long-term outlook — and, to be clear, there’s no indication that’s the case — picking up the option was a no-brainer. Albies’ bargain-rate salary and matching club option (with no buyout) would still hold appeal to teams seeking second base upgrades on the trade market.

As things stand, Albies can be reasonably expected to serve as the Braves’ everyday second baseman again in 2026. He’ll return to a lineup that’s set at most positions. Drake Baldwin and Sean Murphy will split catching duties. Matt Olson is locked in at first base. Third baseman Austin Riley is signed through 2032. Ronald Acuña Jr. is heading into the final guaranteed season on his contract but, like Albies, has a pair of no-brainer club options (his covering 2027-28). Jurickson Profar is signed through 2027. Michael Harris II, who like Albies had a terrible three months followed by a strong second half, is signed through at least 2030.

Shortstop is the lone position where the Braves aren’t set at the moment. They’ll need to upgrade their bench and have plenty of work to do on the pitching staff — both in the rotation and the bullpen — but that only makes the affordable nature of Albies’ contract all the more appealing. Atlanta’s projected payroll checks in at a hefty $214MM, assuming the club options for Chris Sale, Tyler Kinley and Pierce Johnson are exercised.

The Braves have several non-tender candidates, and cutting anyone from that group will trim next year’s total outlay and their luxury-tax ledger by a few million dollars. But the Braves have only crossed the tax threshold once during the current core group’s time together (2023), so if the aim it to again stay under that line ($244MM in 2026), they’ll need to be judicious in how they address the remaining holes on the roster.

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