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2025 Arbitration Tracker

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Today is the deadline for players and teams to exchange figures in arbitration — an annual deadline that leads to a slew of one-year deals and, typically, a handful of multi-year deals. Today should see upwards of 100 players agree to salaries for the 2025 season, although the majority of clubs and players now wait until the very last minute to agree. The deadline for agreements is noon CT, and we’ll see terms on plenty of last-minute/buzzer-beating deals filter in shortly thereafter. Players and teams that do not reach an agreement will exchange salary figures at 7pm CT tonight.

Each player’s service time is in parentheses, and you can of course check back to see each player’s projected salary from MLBTR contributor Matt Swartz. We’ll keep this updated as deals come in — refresh for updates — and break off some of the larger, more prominent agreements in separate entries. All agreements are for one year unless otherwise noted.

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Red Sox, Garrett Crochet Have Had Preliminary Extension Talks

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The Red Sox made one of the biggest trade acquisitions of the winter, landing Garrett Crochet from the White Sox for four prospects. Boston apparently has interest in keeping their newly-acquired southpaw for the longer term.

Chris Cotillo of MassLive reports that the Red Sox and Crochet’s camp at CAA have had at least preliminary discussions about a long-term deal. Tomorrow is the deadline for teams and arbitration-eligible players to exchange filing figures on salaries for the 2025 season. That doesn’t preclude the sides from continuing to negotiate, but it stands to reason they’ll attempt to hammer out a deal to avoid an arbitration hearing for this year.

Crochet is coming off his first full season as a starting pitcher. His early-career injuries and usage out of the White Sox’s bullpen limited his arbitration earnings. MLBTR contributor Matt Swartz projects the southpaw for a $2.9MM salary. He’s controllable for one additional year and is on track to reach free agency after his age-27 season.

For the next two seasons, Crochet should offer immense surplus value. He turned in top-of-the-rotation numbers on a rate basis last year. Crochet worked to a 3.58 earned run average with a massive 35.1% strikeout percentage. Chicago limited his workload within starts down the stretch. He finished the season with 146 innings despite taking all 32 turns through the rotation. Boston presumably won’t have any qualms about fully unleashing Crochet in his second season as a starter.

Crochet’s contract status was a key issue heading into last summer’s deadline. The southpaw seemed an obvious candidate to move as the ace of a team that was headed to the worst season in modern history. Chicago held onto him instead, in large part because his camp indicated he wanted an extension to pitch into October. To be clear, there’s no indication that Crochet would take that stance again now that he has a full season under his belt. At the time, ESPN’s Jeff Passan wrote that the asking price would’ve been above nine figures. Passan noted that Crochet’s camp could compare him to Tyler Glasnow, who signed for four years and $110MM in new money on his extension with the Dodgers.

It’s not a perfect comparison. Glasnow was one year from free agency and had banked significantly greater earnings. Crochet is an extra season away. However, Crochet’s second half probably pushes his asking price higher than where it had been at the deadline. He finished the year healthy and is a few months closer to free agency. Even last year’s capped innings tally is above Glasnow’s career high of 134 frames in an MLB season.

Jacob deGrom holds the record for the largest extension for a pitcher with between four and five years of service time. deGrom secured $120.5MM from the Mets covering his age 32-35 seasons. That was an anomaly, as deGrom was a late bloomer but was coming off a Cy Young season. Crochet would certainly look to top more recent precedents like Pablo López’s $73.5MM deal with the Twins and the $71.5575MM in new money which Mitch Keller got from Pittsburgh last spring. A four- or five-year term would seem the most likely midpoint if the sides can reach an agreement. That’d allow the Sox to buy out two or three free agent seasons while Crochet would still have an opportunity to cash in as a free agent at 30 or 31.

A’s Sign Brent Rooker To Five-Year Extension

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The A’s have officially announced a five-year contract extension with designated hitter Brent Rooker. The deal includes a club/vesting option for 2030. Rooker, a client of The Bledsoe Agency, is reportedly guaranteed $60MM. The option’s base value is $22MM and could push as high as $30MM based on his MVP finishes. Rooker had been under arbitration control for three seasons, so the deal buys out at least two free agent years.

Rooker receives a $10MM signing bonus and a $2MM salary for the upcoming season. He’ll make $6MM in 2026, $12MM in ’27, $13MM in ’28 and $17MM in ’29. The $22MM option would vest if Rooker reaches 500 plate appearances in 2029 or combines for 900 PAs between 2028-29. He’d also unlock the option with two top 10 MVP finishes between 2027-29. Finishing in the top 10 in MVP balloting in any of the next five years could escalate the option value.

It’s another significant investment in what has been a huge offseason by A’s standards. As shown on MLBTR’s Contract Tracker, Rooker becomes the first A’s player to sign a five-year deal since the club extended starting pitcher Trevor Cahill for $30.5MM in 2011. It’s the team’s second investment for $60MM+ this winter. Last month, they added Luis Severino on a three-year, $67MM free agent deal that represented the largest contract in franchise history.

Rooker securing such a contract would have been impossible to envision two years ago. He landed with the A’s on a waiver claim early in the 2022-23 offseason. Rooker was a 28-year-old DH/corner outfielder who had bounced between the Twins, Padres and Royals without getting much of a look at any stop. As a former top 35 overall draft pick who had hit well in the minors, he was a sensible waiver target. The A’s certainly didn’t envision it working out this well, though.

The righty-swinging Rooker has become not only one of the most successful waiver claims in recent memory but one of baseball’s best hitters. He popped 30 home runs in 526 plate appearances to earn an All-Star selection in 2023. While he was snubbed from the Midsummer Classic last season, Rooker took another major step forward. He connected on 39 homers, 26 doubles and a pair of triples with a massive .293/.365/.562 batting line across 614 plate appearances.

Rooker finished tied for fifth (alongside José Ramírez and Marcell Ozuna) in home runs. Only Aaron Judge, Shohei Ohtani, Anthony Santander and Juan Soto hit more. Among hitters with at least 500 PAs, Rooker ranked in the top 20 in all three slash stats. He finished sixth in slugging — trailing Judge, Ohtani, Bobby Witt Jr., Soto, and Yordan Alvarez.

It’s now two seasons of borderline elite offensive production. Rooker has a .272/.348/.528 slash through more than 1100 plate appearances in an A’s uniform. He’s in the top 15 in slugging percentage and ranks ninth in homers since the start of the ’23 campaign. He’s a middle-of-the-order presence.

There is a decent amount of swing-and-miss to his game. Rooker has fanned in more than 30% of his plate appearances with the A’s. Last year’s production was driven in part by a .362 average on balls in play that’ll be difficult to maintain. Rooker makes a ton of hard contact, though, so he’s probably in line for a modest BABIP regression rather than a huge drop-off.

The ball-in-play normalization happened at the end of last season. Rooker carried an unsustainable .390 BABIP into the All-Star Break. That dropped to .333 in the second half. To his credit, Rooker compensated by cutting his strikeout rate to a much more manageable 24.1% clip during that stretch. It remains to be seen whether he’ll maintain that level of contact, but it’s an encouraging development that presumably affirmed the front office’s confidence in his hitting acumen.

Even if he doesn’t hit .290 while pushing 40 home runs on an annual basis, Rooker should remain an impact bat. The A’s have made clear they envisioned him as the long-term anchor of their lineup. The team reportedly took him off the market in advance of last summer’s trade deadline. They had no interest in allowing trade rumors to rekindle during the offseason. GM David Forst declared within a week of the offseason beginning that the A’s weren’t dealing Rooker. They’re doubling down by committing to him through at least the 2029 season.

Rooker surpassed three years of major league service last season. He was entering his first of three arbitration seasons. MLBTR contributor Matt Swartz had projected a $5.1MM salary for next year. Rooker will reportedly receive $30MM over what would have been his arbitration window. That leaves an average of $15MM annually for the two free agent seasons. It’s not quite a front-loaded contract, but it appears Rooker will make a little more in the next couple years than he would have had he gone through the arbitration process.

The team makes that tradeoff for the chance to keep him at below-market rates during the 2028-29 seasons — which are scheduled to be their first two years in Las Vegas. The A’s didn’t have any money guaranteed beyond 2027. Severino and recent trade pickup Jeffrey Springs were their only players signed past next season.

The A’s revenue sharing status has been a significant storyline this offseason. Evan Drellich and Ken Rosenthal of the Athletic reported last month that the team could need to push its competitive balance tax payroll to roughly $105MM to avoid an MLBPA grievance. Teams are required to spend revenue sharing money on the on-field product.

Extending Rooker will push their tax number up, though it’s not by a huge amount. The contract comes with a $12MM average annual value. The AAV is the number used for tax purposes, so it wouldn’t matter how the salaries are distributed. Rooker had already been expected to make around $5MM next season. This adds roughly $7MM to the team’s tax number, which will check in around $97MM (as calculated by RosterResource).

The tax number isn’t finalized until the end of the year, so the remainder of the A’s offseason and in-season activity can push that further. Tax considerations are relevant but are far from the only reason for the A’s to make this deal. If they were solely concerned about pushing next season’s CBT number, they could have signed a handful of mid-tier free agents to one-year contracts.

Rooker turned 30 in November. A five-year commitment runs through his age-34 season. There’s some risk in a five-year deal for a player in his 30s who doesn’t provide much defensive value. Yet if Rooker continues hitting at anywhere near this level, his arbitration price tag would have climbed quickly anyhow. He could have put himself in position for an AAV in the $20-25MM range once he hit free agency, a number that the A’s may have been disinclined to match.

At the same time, it’s easy to see the appeal for Rooker of locking in the security. It wasn’t that long ago that he looked like a fringe roster player. He wouldn’t have gotten to free agency until his age-33 season, when a three- or four-year deal might’ve been the ceiling. Sacrificing a little bit of long-term earning upside to avoid injury risk over the next couple seasons is understandable.

This should also solidify Rooker’s spot in what looks to be an up-and-coming A’s lineup. Lawrence Butler, Jacob Wilson, Tyler Soderstrom, Shea Langeliers, JJ Bleday and rebound candidate Zack Gelof have promise as an offensive core. Last summer’s fourth overall pick Nick Kurtz could move quickly as a polished college hitter. The A’s still need a lot to break right to contend in 2025, but things are starting to come into focus. Soderstrom and Kurtz fit best at first base, so perhaps there’ll be a logjam down the line with Rooker locked in at designated hitter. That’d be a good problem to have if both young first basemen reach their offensive ceilings and Rooker continues to hit at an All-Star level.

Ken Rosenthal of the Athletic first reported that the A’s and Rooker were in agreement on a five-year, $60MM deal with a vesting option that could get to $30MM. Jeff Passan of ESPN reported that the option’s base was $22MM and that Rooker would make $30MM over the first three seasons. Jon Heyman of the New York Post reported the salary breakdown and the vesting provisions.

Image courtesy of Imagn.

White Sox Sign Josh Rojas

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January 8: The White Sox officially announced the deal today, and that Rojas will make $3.5MM this year.

January 2: The White Sox are in agreement with infielder Josh Rojas on a one-year deal, according to a report from Scott Merkin of MLB.com. The financial terms of the deal are not yet known.

Rojas, 31 in June, was non-tendered by the Mariners back in November. It was an outcome few would have expected early in the 2024 season. Rojas had been a key piece of the trade that sent closer Paul Sewald to Arizona at the 2023 trade deadline and had hit a respectable .272/.321/.400 (105 wRC+) down the stretch with the Mariners. He followed that up with a torrid start to the 2024 campaign as well, hitting .318/.408/.530 (175 wRC+) through the end of April. Unfortunately for Rojas, the wheels came off completely from there. The rest of the way, Rojas hit a paltry .208/.285/.301 (75 wRC+), including a brutal .184/.265/.272 (62 wRC+) slash line over the season’s final two months while the Mariners slipped out of the playoff picture.

That tough offensive season was enough for the Mariners to decide against tendering him a contract for the 2025 season MLBTR contributor Matt Swartz projected would’ve earned Rojas $4.3MM. Even so, a weak free agent market for infielders made Rojas immediately one of the more intriguing lower-level free agent options available on this winter’s market. While Rojas has generally been an average to slightly below-average hitter in the majors since becoming a full-time player in Arizona back in 2021, he’s an versatile fielder who has posted excellent defensive numbers in each of the past two seasons. Since the start of the 2023 campaign, Rojas has +8 Outs Above Average at second base and +6 OAA at third base. Defensive Runs Saved is slightly less bullish on Rojas but still rates him as an above average fielder overall, with +2 DRS at second and +5 at third over the last two years. Rojas also has experience at shortstop and in the outfield corners at the big league level, though without the same impressive metrics backing his performance up.

That positional versatility, plus defense, and history as a league-average hitter was enough to make Rojas a sought after role player for a handful of teams this winter, including the Cubs. While the north side’s reportedly “serious” interest in Rojas likely involved him taking a part-time role backing up Nico Hoerner and top prospect Matt Shaw at second and third base, he should have a clearer path to regular reps on the south side of town. The club currently projects to utilize some combination of Miguel Vargas, Lenyn Sosa, Jacob Amaya, and Brooks Baldwin between shortstop, second base, and third base in 2025. While Vargas seems ticketed for everyday starts as a recent top-100 prospect who was the centerpiece of the return Chicago received for Michael Kopech, Tommy Pham, and Erick Fedde last summer, Rojas should be able to capture regular reps at whichever of second or third base Vargas doesn’t end up playing.

That should be particularly true against right-handed pitching, as Rojas sports a significant platoon split and hit just .133/.224/.133 against southpaws last year. It’s possible the White Sox will afford him the opportunity to prove he can hit lefties while in the thick of a rebuild, though perhaps they’ll simply platoon him with a right-handed infielder like Sosa in order to maximize his numbers ahead of what’s sure to be another fire sale at the trade deadline this year. For the White Sox, the addition of Rojas provides some stability to an infield mix that was in desperate need of attention this winter and a potential midseason trade chip. Meanwhile, Rojas will have the opportunity to be a regular with the club and could play his way into a role with a contender down the stretch.

With Rojas off the market, a handful of interesting infielders remain available in free agency for teams in need of help on the dirt. Whit Merrifield, Donovan Solano, and Cavan Biggio are among the players available who could provide versatility in a part-time or bench role, while Jorge Polanco, Paul DeJong, and Jose Iglesias are among a handful of potential regulars available in the lower tiers of free agency. One other wild card on the infield market is Hyeseong Kim, who was posted by the KBO’s Kiwoom Heroes last month and is available for MLB clubs to sign until tomorrow afternoon.

Braxton Garrett To Miss 2025 Season Due To UCL Surgery

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Marlins left-hander Braxton Garrett will undergo a revision surgery on the ulnar collateral ligament in his left elbow with an internal brace, reports Craig Mish of the Miami Herald. The southpaw will miss the entire 2025 season. Mish adds that the Fish are looking at free agency as a way to replace Garrett in their rotation.

It’s another unfortunate development in the health department, both for Garrett and the Marlins. The lefty had Tommy John surgery as a minor leaguer in the summer of 2017, which led to him missing the back half of that season and all of 2018.

After recovering from that surgery, he got back on track and made it to the major leagues, serving as an up-and-down guy for the 2020 to 2022 seasons. In 2023, he seemed to establish himself as a viable big league rotation member. He tossed 159 2/3 innings for Miami that year, allowing 3.66 earned runs per nine. His 23.7% strikeout rate was around league average but he had a solid 49.7% ground ball rate and excellent 4.4% walk rate.

But 2024 was a challenge for him, as he made multiple trips to the injured list and only made seven starts. A left shoulder impingement put him on the shelf to start the year. He was back by the middle of May and made his seven appearances over the next few weeks, but then was back on the IL due to a left forearm flexor strain. He was rehabbing in September and seemed ready to come off the IL but suffered a setback when he “felt something” in the back of his elbow. He was diagnosed with an elbow impingement in October and seemed set for a mostly healthy offseason, but that prognosis has apparently changed.

It’s unfortunate for Garrett on a couple of fronts. He’s 27 years old, turning 28 in August of this year, so he’s now set to miss a full season of what could have been his prime. It will hurt him financially as well. He just qualified for arbitration for the first time as a Super Two player, meaning he’ll get four passes instead of the normal three. MLBTR contributor Matt Swartz projects him for a $1.8MM salary next year. After missing all of 2025, he’ll likely be slated for the same salary when he hopefully returns to the mound in 2026. Even if he comes back healthy and effective, he’ll be nudging up his salary from a lower foundation than if he had stayed healthy.

For the Marlins, their rotation picture has frequently changed in recent years. The Fish managed to sneak into the playoffs in 2023, partially thanks to a starting staff consisting of Garrett, Sandy Alcántara, Jesús Luzardo, Eury Pérez and Edward Cabrera. But all of those guys were either hurt or ineffective in 2024, causing the club’s competitive chances to fall apart.

There was a chance of having that whole gang back together in 2025 but Luzardo was recently traded to the Phillies and now Garrett is going to be on ice. Miami isn’t planning to compete in 2025 anyhow, based on their lack of offseason additions as well as their trades of Luzardo and Jake Burger, but it’s still less than ideal for Garrett to go down like this. Given his age and years of club control, he was in line to be part of the club’s next competitive window. That could still be the case but the path ahead is a bit foggier now.

Going into 2025, they could still have a rotation core of Alcántara and Cabrera. They could welcome back Pérez midseason, as he underwent Tommy John surgery in April of last year. Ryan Weathers, Max Meyer, Valente Bellozo and Adam Mazur are candidates to take the ball as well. Prospect Robby Snelling isn’t yet on the 40-man but could push his way into the mix.

Given the club’s lack of offseason activity, both in the previous offseason and the current one, it wouldn’t be a surprise if they just rolled with that group and let the chips fall where they may, but it seems as though they will look to add a veteran via free agency. That is perhaps related to recent reporting that they may need to get their competitive balance tax number up to $105MM in order to avoid a grievance from the MLB Players Association related to the usage of their revenue-sharing funds. RosterResource currently pegs their CBT number at $83MM, so it seems they will have to find ways to bridge that gap.

Acquiring a player making decent money from another club would be one way to do that, but free agency is obviously another. The starting pitching market has been hot but guys like Jack Flaherty, Nick Pivetta Andrew Heaney are still out there. It would be a surprise if the Marlins went after those guys, who are surely looking for notable multi-year deals, but the market also has guys that will likely be limited to one-year deals such as Kyle Gibson, Patrick Corbin, Chris Flexen, Lance Lynn, Ross Stripling, Jose Quintana, Jakob Junis, Colin Rea, Spencer Turnbull and more.

Royals Re-Sign Michael Lorenzen

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Jan. 8: Lorenzen has passed his physical, and the Royals have formally announced his new contract. Their 40-man roster is now up to 39 players.

Jan. 6: The Royals and Michael Lorenzen are reportedly in agreement on a one-year, $7MM contract. The deal, which is pending a physical, comes with a $5.5MM salary for next season. There’s a $12MM mutual option for 2026 that would come with a $1.5MM buyout if the Royals decline their end of the option. The contract also contains $1MM in performance bonuses for the CAA client.

Lorenzen heads back to Kansas City after finishing the ’24 campaign with the Royals. Kansas City acquired him from the Rangers in a deadline deal that sent reliever Walter Pennington to Texas. Lorenzen made a strong first impression, turning in a 1.57 ERA across 28 2/3 innings while starting six of his seven outings.

That capped off one of the better seasons of his decade-long MLB career. Lorenzen finished the year with a combined 3.31 earned run average over 130 1/3 innings. He started all but two of his 26 appearances. It was the third straight solid year since Lorenzen moved to the rotation. He’d turned in a 4.24 ERA over 18 starts for the Angels in 2022 and combined for a 4.18 mark in 153 innings between the Tigers and Phillies in ’23.

In each of those seasons, Lorenzen has found bottom line success despite an unimpressive strikeout and walk profile. That was particularly true last year. His 18.1% strikeout percentage and 11.2% walk rate are a few points worse than the respective league averages. Lorenzen has missed bats on fewer than 10% of his pitches in consecutive seasons. Last year’s 9.1% swinging strike rate was his lowest mark since 2018.

Lorenzen nevertheless carries a 3.90 ERA across nearly 400 innings over the last three seasons. While he has outperformed his peripherals in each season, teams seemingly remain skeptical about his chances of doing so yet again. Lorenzen has been limited to one-year contracts with base salaries below eight figures in each of the last four offseasons. He reportedly sought a two-year deal last winter. Lorenzen lingered in free agency deep into Spring Training before heading to Arlington on a modest $4.5MM guarantee with $2.5MM in performance bonuses.

The 33-year-old jumped on a deal earlier in the winter this time around. Lorenzen earns a slight pay bump relative to last season. He’ll also get the benefit of sticking with the same organization with which he ended the previous year. This is the first time since Lorenzen’s early-career run in the Cincinnati bullpen that he’ll stick with the same team over an offseason.

Kansas City lost some mid-rotation stability when they swapped Brady Singer for Jonathan India early in the offseason. That vacated a rotation spot for Kyle Wright, who is coming back from shoulder surgery that cost him the entire 2024 season. Lorenzen could compete with Wright and Alec Marsh for the fifth rotation spot behind Cole Ragans, Seth Lugo, Michael Wacha and Kris Bubic. Skipper Matt Quatraro could also turn to a six-man rotation or keep Lorenzen in long relief with the flexibility to move back into the rotation as injuries arise or workload management necessitates.

Previous reporting had indicated that Lorenzen, who had a bit of outfield experience with Cincinnati early in his career, could sign with a non-contender to take some at-bats. The idea would’ve been to reach the 20 games as a hitter necessary to qualify as a two-way player. That would’ve meant he would not have counted against a team’s 13-pitcher limit. There is no indication that the Royals — a team that made the Division Series last year and certainly intends to reach the playoffs again — is planning to do that.

Lorenzen’s salary brings the Royals’ payroll to roughly $121MM, according to the RosterResource calculations. They’d been around last year’s spending level before this signing, their first MLB contract since they re-signed Wacha shortly before free agency officially opened. It’s not clear how much room remains in the budget. Kansas City has reportedly looked for a middle-of-the-order bat after acquiring India to hit atop the lineup. Corner outfield and bullpen help are the biggest needs on paper.

ESPN’s Jeff Passan first reported the Royals and Lorenzen had agreed to a one-year, $7MM deal that included a $12MM mutual option. Anne Rogers of MLB.com reported the salary and the option buyout. Ken Rosenthal of the Athletic was first to mention the $1MM in bonuses. Image courtesy of Imagn.

Rays Sign Drew Rasmussen To Extension

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The Rays finalized a two-year extension with right-hander Drew Rasmussen on Tuesday afternoon. The Beverly Hills Sports Council client is guaranteed $8.5MM for what would have been his final two arbitration years. The deal includes a 2027 club option that has a base value of $8MM.

He will receive a $500K signing bonus, a $2MM salary next season, and a $5.5MM salary in 2026. The option comes with a $500K buyout. Various escalators could increase the option value by another $12MM. The price could increase anywhere between $1.5MM and $6MM based on Rasmussen’s health over the next two seasons. He could unlock another $6MM based on his start totals in 2026: $500,000 for eight starts, $750,000 for 12, $1MM each for 16 and 20, $1.25MM for 24 and $1.5MM for 28.

Ramussen, 29, missed the bulk of the 2023-24 seasons recovering from an internal brace procedure to repair the ulnar collateral ligament in his right elbow. That surgery tamped down his workload in both seasons as well as his expected price tag in arbitration. MLBTR contributor Matt Swartz projected a modest $2MM salary for the talented righty in the upcoming season. By virtue of his salary and that signing bonus, he’ll top that sum under this new multi-year arrangement while also sacrificing a year of free agency to lock in some immediate earnings.

It’s an understandable trade-off for Rasmussen, who didn’t get a full look in a big league rotation until his age-26 season (2022) and has since missed ample time due to injury. A sixth-round pick of the Brewers back in 2018, Rasmussen signed for just a $135K bonus and didn’t make his big league debut until 2020. In total, he’s earned under $4MM in his career thus far.

Rasmussen was traded from Milwaukee to Tampa Bay in the 2021 deal that sent Willy Adames to the Brewers. He was sharp down then stretch in a hybrid role for Tampa Bay but had a full-fledged breakout in 2022, That season, Rasmussen pitched a career-high 146 innings and turned in a 2.84 earned run average with a slightly below-average 21.4% strikeout rate against a terrific 5.3% walk rate. He kept the ball on the ground at a strong 46.6% clip. Rasmussen averaged 95.5 mph on his heater, deftly avoided hard contact and recorded a 12.1% swinging-strike rate that suggested more punchouts could be in the tank down the road.

That indeed looked to be the case early in 2023, too. Rasmussen notched an even better 2.62 ERA but saw his strikeout rate spike to 26.6%. He maintained plus command (6.2%) and also saw his ground-ball rate surge to 52.6% — an increase of six percentage points over the prior season. For a span of 36 starts from 2022-23, Rasmussen pitched like a genuine No. 1 or 2 starter — a clear playoff arm who could pitch near the front of any rotation.

Injuries, however, had other ideas for the talented righty. The Rays announced on July 8, 2023 that Rasmussen would require surgery. He wound up missing 13 months of action, returning to a big league mound on Aug. 7 of this past season. The Rays used him primarily as a reliever. He “started” four games but did so throwing only two innings apiece and working as an opener. The results, however, were excellent. In 28 2/3 frames, Rasmussen posted a 2.83 ERA, 30.2% strikeout rate, 5.2% walk rate and 53.3% grounder rate.

The plan now is for Rasmussen to return to the rotation. He’ll join Shane McClanahan (returning from Tommy John surgery), Ryan Pepiot, Taj Bradley, Shane Baz and Zack Littell in a very talented mix of arms. Each of McClanahan, Rasmussen and Baz could face some form of workload limitations, as Baz has yet to pitch a full season since returning from his own ligament surgery in 2022 — though he did pitch 118 2/3 innings combined between Triple-A and the majors in 2024.

For the Rays, there’s little to no impact on their 2025 budget. Rasmussen will only earn a nominal $500K more than his projected arbitration price, thanks to that signing bonus. They’ll also lock in the right-hander’s 2026 salary, gaining some cost certainty. It’s possible that Rasmussen could’ve outpaced that $5.5MM salary in arbitration with a big year, but likely not by much, given the low platform from which he’d be starting. The concession for locking in that ’26 salary is giving up a would-be free-agent season — his age-31 year. So long as he’s healthy, that option will pay him at least $8MM, though with good health there’s a good chance it’ll be a fair bit higher.

While it’s not quite to the same scale as the Rays’ extension with former ace Tyler Glasnow, there are some parallels here. Tampa Bay is putting down some guaranteed money on a talented but oft-injured righty. Glasnow’s $25MM salary in the final season of his own extension was guaranteed, whereas Rasmussen will have to remain healthy to push close to that number. Still, it’s a potentially weighty salary by the Rays’ standards, and one that could render Rasmussen a trade candidate down the road. The extension gives the Rays some extra control over a potential frontline arm but also a viable trade candidate down the road. It’s perhaps cynical to point out the manner in which an extension boosts a player’s trade value in the immediate aftermath of the agreement, but the Rays have a track record of operating in this manner.

For the time being, Rasmussen will head into the season as a locked-in member of a deep and talented rotation. The Rays haven’t done much to improve their middling lineup — though Danny Jansen provides a potential notable upgrade behind the plate. Rather, they’ll apparently hope for big strides from ballyhooed third baseman Junior Caminero and rebounds from Josh Lowe and Christopher Morel, both of whom experienced notable drops at the plate following very productive 2023 campaigns.

Marc Topkin of the Tampa Bay Times first reported that the Rays and Rasmussen were nearing a two-year, $8.5MM extension with an $8MM option for 2027. Topkin reported the presence of escalators in the option, which The Associated Press specified.

Rangers Sign Chris Martin

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Jan. 7: Martin’s deal with the Rangers guarantees him $5.5MM, Robert Murray of FanSided reports. Murray adds that Martin turned down more money from other clubs to return to his hometown club for what’ll be the final season of his career. WEEI’s Rob Bradford reports that the Red Sox were one team that made a more lucrative offer.

Jan. 6: The Rangers announced the signing of veteran reliever Chris Martin to a one-year deal. Financial terms remain unreported. Martin is represented by ISE Baseball. Texas designated Matt Festa for assignment to open a 40-man roster spot.

Martin, an Arlington native, heads home for what’ll likely be his final season. The 38-year-old righty said in September that he’s 95% confident he’ll retire after 2025. That’s not because of a dip in effectiveness. Martin remains a capable high-leverage arm and is coming off a strong two-year run in Boston.

The Red Sox inked Martin to a $17.5MM free agent deal over the 2022-23 offseason. It was a bit of a gamble considering his age, but the nine-year MLB veteran made good on that investment within one season. Martin turned in a dazzling 1.05 earned run average across 51 1/3 innings in 2023. He earned a couple down-ballot Cy Young votes in the process.

Last season was more good than dominant. Martin worked to a 3.45 ERA while throwing 44 1/3 innings. He had a brief injured list stint related to anxiety in the middle of June. Martin also missed a month with elbow inflammation between early July and the first week of August. He returned with 10 innings and only one earned run over the next couple weeks before allowing six runs in eight September frames.

Martin was almost certainly not going to manage an ERA around 1.00 in consecutive seasons. His strikeout and walk profile actually improved last year. He fanned 27.8% of batters faced after running a 23.1% strikeout rate in 2023. Martin cut his already pristine walk rate from 4% to a career-low 1.7% clip. He’s arguably the best strike-thrower in the majors. No pitcher with at least 100 innings over the last three seasons has issued walks at a lower rate than Martin (2.6%).

Over his two seasons with the Sox, Martin managed a 2.16 ERA across 95 1/3 innings. He has found success at every stop since returning from a stint in Japan between 2016-17. That includes a previous run in Texas. The Rangers were the team that gave Martin a chance during the 2017-18 offseason. He combined for 79 2/3 innings of 3.84 ERA ball before being traded to the Braves at the 2019 deadline.

Texas has loaded on up on short-term additions to fix a bullpen that could lose each of Kirby Yates, David Robertson, José Leclerc and José Ureña. They’ve signed Shawn Armstrong, Jacob Webb and Hoby Milner on one-year contracts worth $2.5MM or less. Texas also brought in southpaw Robert Garcia from Washington in the Nathaniel Lowe trade. While finances on Martin are unreported, it’s fair to assume he’ll be the most expensive of Chris Young’s bullpen acquisitions to this point. Still, there’s limited downside with a one-year deal.

Martin is the most experienced of the Texas relievers. He has worked in a setup capacity throughout his career and has never saved more than four games in a season. It’s unclear if the Rangers plan for him to close or will use him in leverage spots. Yates and Robertson have far more closing experience and are still free agents. Whatever the role, Martin adds much needed stability to a bullpen that might still be the team’s biggest question.

Texas signed Festa, 31, to a minor league deal last season. The Rangers selected his contract in August. He made 18 appearances over the final six weeks, working to a 4.37 ERA across 22 2/3 innings. The righty had made a brief appearance for the Mets earlier in the year. He has spent the bulk of his career with the Mariners, with whom he posted a 4.32 ERA in 89 outings over four seasons. Texas will have five days to trade Festa or place him on waivers.

Image courtesy of USA Today Sports.

Yankees Shopping Marcus Stroman

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The Yankees’ eight-year deal for Max Fried gave them one of the deepest collection of major league starting pitching in the sport. Fried joined Gerrit Cole, Carlos Rodon, Luis Gil, Clarke Schmidt, Marcus Stroman and the since-traded Nestor Cortes in a long line of Yankee rotation options. While the trade of Cortes to the Brewers loosened that logjam (and significantly bolstered the bullpen, bringing Devin Williams in from Milwaukee), the Yankees still have six big league starters, most of whom are earning significant salaries. With that in mind, it’s not exactly surprising to see Bob Nightengale of USA Today report that New York is “actively trying to deal” Stroman.

Stroman’s name has already popped up in trade rumblings since the Fried signing. The Yankees pitched a Stroman-for-Nolan Arenado framework to the Cardinals, which was rebuffed by St. Louis. (Arenado has a no-trade clause, but the scenario was reportedly not even presented to the third baseman, as the Cardinals weren’t interested.) Given those efforts, it’s only natural that the Yankees have explored other possibilities as well.

Stroman, 34 in May, is entering the second season of a two-year, $37MM contract. He pitched decently during year one of the pact, logging a 4.31 ERA in 154 2/3 innings, but his strikeout rate (16.7%) and ground-ball rate (49.2%) were a far cry from his typical standards. Stroman punched out 21% of opponents from 2019-23 and kept the ball on the ground at a robust 53.2% clip over that same span. Similarly, the velocity on his sinker dipped quite a bit; from 2019-23, Stroman averaged 92 mph on the pitch (91.4 mph in ’23). In 2024, he averaged just 90 mph on that sinker.

Left-handed hitters, in particular, proved problematic for Stroman. They tagged him for a .296/.372/.474 batting line. He fanned just 14.3% of lefties, compared to 19% of fellow righties. With Stroman playing half his games at Yankee Stadium, lefties took full advantage of the short right-field porch. He surrendered 15 of his 19 home runs at Yankee Stadium in 2024 and pitched to a grisly 5.31 ERA at home. On the flipside, he sported a tidy 3.09 ERA on the road.

That road production and a generally successful track record should create at least some interest in Stroman elsewhere around the league, though perhaps not at the full freight of his $18.5MM salary this coming season. Trade discussions are surely complicated by the fact that the highly durable Stroman also has a vesting player option on his contract. With 140 innings pitched in 2025, he’d gain a player option for $18MM. Were that a club option, it wouldn’t be quite so problematic; that it’s a player option means that even if Stroman struggles or incurs a late-season injury, he’d be able to lock in that $18MM payday in 2026. Stroman has averaged 159 inning across the past five full seasons in which he’s pitched.

That player option, presumably, only creates more urgency for the Yankees to find a deal. They already have Cole, Fried and Rodon locked in for a combined $85MM in 2026 (including Fried’s slightly deferred signing bonus, which is paid half in 2025 and half in 2026). Schmidt will be in his third trip through arbitration as a Super Two player, while Gil will be in his first arb season in 2026. In total, it could mean a rotation earning a combined $100MM.

Stroman is arguably the sixth-best starter in that group of six at the moment, and paying him $18MM in 2025 and potentially again in 2026 understandably may not be a palatable course of action for the Yanks. That’s especially true when considering the team’s luxury tax status; they’re currently in the top penalty bracket for luxury status. Moving Stroman would trim more than $35MM in 2025 spending. The Yankees will be on the hook for 50-110% penalties on their luxury overages in 2026, depending on where the exact payroll ultimately lands. Again, that could mean a savings of $27-37MM, depending on if his player option comes into play.

While the player option surely gives other teams some pause, Stroman’s contract itself isn’t necessarily all that far underwater. The offseason has already seen 37-year-old Alex Cobb and 41-year-old Charlie Morton command $15MM one-year deals — Cobb’s coming after he made only three starts in 2024. Frankie Montas landed two years and $34MM with an opt-out upon signing with the Mets. The price for starting pitching has generally exceeded all expectations. Stroman at a year and $18MM, even with the conditional player option, isn’t necessarily egregious. Plus, if Stroman hits the 140 innings and pitches more like his 2021-23 self (3.45 ERA in 454 1/3 innings), he could well turn down the option and reenter free agency anyhow.

The Yankees aren’t likely to extract any kind of notable young talent in return for Stroman, but swapping him out for another veteran on a contract of some note or eating a portion of the contract and acquiring some longshot prospect help could still be feasible. There are still five weeks until pitchers and catchers report to spring training, and the market in recent offseasons has produced plenty of notable trades even after camps open. There should still be time for a deal to come together.

Reds Acquire Gavin Lux

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The Dodgers and Reds have announced a trade sending Gavin Lux to Cincinnati for outfield prospect Mike Sirota and the Reds’ Competitive Balance Round A selection. The competitive balance pick — the only kind of draft choice that can be traded — lands at 37th overall next summer.

L.A. general manager Brandon Gomes had downplayed the possibility of trading Lux late last week, but it seems the Dodgers intend to play free agent pickup Hyeseong Kim at second base. Lux is going into his age-27 season. The left-handed hitting infielder was a first-round pick in 2016 and had emerged as one of the top prospects in baseball by the time he was promoted at the end of the ’19 season. Lux has been a solid big leaguer but not the kind of star that many evaluators had hoped.

The Dodgers didn’t give him consistent big league run until 2021. He struggled offensively that season, hitting .242/.328/.364 through 102 games. His bat took a step forward the following year, as he hit .276/.346/.399 through 471 trips to the plate. Lux looked like the starting shortstop going into 2023, but he tore his right ACL during Spring Training and wound up missing the entire season.

Lux returned from injury last year. He was healthy in Spring Training and expected to start at shortstop. A series of throwing errors during exhibition play called that into question. By the middle of Spring Training, Los Angeles announced that Lux would slide back to second base while Mookie Betts tried his hand at shortstop. Lux had started his professional career on the left side of the infield but encountered throwing accuracy issues in the minors as well.

The start of the season did not go well. Lux was the weakest link in the L.A. lineup in the first half. He carried a .213/.267/.295 batting line into the All-Star Break. The Dodgers stuck with him and were rewarded with a huge showing down the stretch. Lux hit .304/.391/.508 in 61 games during the second half. The end results were exactly league average. Lux finished the year with a .251/.320/.383 showing in 487 plate appearances. His 24 doubles and 10 home runs were both personal highs. Lux’s postseason numbers were unimpressive, though he did drive in the tying run in the eighth inning of what proved to be the decisive Game 5 victory in the World Series.

That will go down as Lux’s final at-bat in a Dodger uniform. He entered the offseason as the projected starter at second base. The Dodgers somewhat surprisingly signed Kim, who’s coming off a .326/.383/.458 showing in his final season in South Korea, to a three-year deal last week. That only guaranteed $12.5MM, a modest sum that aligned with most scouting reports that suggested Kim projected as a utility player in MLB. The Dodgers initially indicated they felt the same way, but it seems that was about not publicly telegraphing that they were shopping Lux.

Betts is expected to return to shortstop after finishing last season in the outfield. Kim looks like the starting second baseman with Miguel Rojas and Chris Taylor behind them in utility roles. Tommy Edman can play the middle infield but projects as the starting center fielder. It would have been difficult to carry each of Lux, Kim, Rojas and Taylor on the 26-man roster. The Dodgers could’ve opened a spot by designating Taylor for assignment, but they preferred to cash Lux in for future value. It’s a surprising decision for a team that hopes to repeat as World Series winners. The Dodgers apparently feel that the downgrade from Lux to Kim won’t be substantial.

The Reds may not have everyday at-bats to offer either. USA Today’s Bob Nightengale suggests Lux is likely to assume a utility role at Great American Ball Park. Cincinnati has Elly De La Cruz at shortstop and will welcome Matt McLain back at second base. Jeimer Candelario and Christian Encarnacion-Strand, each of whom is coming off a down year, project as the corner infield tandem. Lux has only started one major league game at third base, where his throwing accuracy could be problematic. He saw limited action in left and center field between 2021-22.

If Cincinnati feels Lux could handle third base, that’d be his clearest path to playing time. They could also use Lux at second base and slide McLain to the hot corner. It’s another infield acquisition for the Reds, whose seeming surplus has become a question mark over the past 12 months. They’ve traded away Jonathan India. Candelario and Encarnacion-Strand are rebound hopefuls. Noelvi Marte missed half the season after a failed performance-enhancing drug test and didn’t play well when he returned. McLain is coming back after losing all of 2024 to shoulder surgery. Among Cincinnati’s talented infield group, only De La Cruz took a step forward last season.

Lux has between four and five years of major league service. He’s under arbitration control for two seasons. MLBTR contributor Matt Swartz projects him for a modest $2.7MM salary. The Yankees and Mariners were reportedly also in contact with the Dodgers regarding Lux. They’ll need to turn elsewhere to address their respective infields.

Sirota, 21, was Cincinnati’s third-round pick last summer. He’s a righty-hitting outfielder who hit .298/.473/.513 against mid-major competition during his draft year at Northeastern. Baseball America’s draft report praised his speed and potential for above-average defense in center field. Sirota’s 6’3″ frame offers some physical projection, but BA writes that his bat path plays more for low-angle contact than power.

The Reds didn’t get Sirota into any game action after the draft. He spent the final two months of the season at the team’s Arizona complex. The Dodgers’ amateur scouting department has had its eye on him for a while, though. Los Angeles drafted him in the 16th round out of high school in 2021. It was clear by that point that Sirota — whom BA had ranked among the top 200 prospects in that year’s class — was likely headed to Northeastern, but teams frequently take late-round fliers on talented high schoolers in case a deal with a higher draftee falls through and leaves unexpected space in the team’s bonus pool.

ESPN’s Jeff Passan first reported the Reds were finalizing a deal for Lux. Fabian Ardaya of the Athletic confirmed a Lux trade was in place. KPRC 2’s Ari Alexander was first with Sirota and the Competitive Balance pick heading back to Los Angeles. Image courtesy of Imagn.

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