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Newsstand

A’s Sign Gio Urshela

By Anthony Franco | December 22, 2024 at 11:02am CDT

The Athletics announced a one-year contract with infielder Gio Urshela. The Rep 1 Baseball client is reportedly guaranteed $2.15MM and can earn another $450K in incentives. He’d unlock $100K apiece at 300, 350, 400 and 450 plate appearances and receive another $50K for his 500th trip to the plate.

Urshela could get first crack at the third base job. A’s general manager David Forst has said on a few occasions that the front office was looking for answers at the hot corner. They explored at least one trade possibility, touching base with the Phillies regarding Alec Bohm, but balked at Philadelphia’s reported ask for star closer Mason Miller.

The free agent options at the position were limited. Alex Bregman is the only clear regular. He’d almost certainly be outside the club’s price range even if he were willing to play in Sacramento for the next three seasons. It’s not clear if Gleyber Torres is willing to sign as a third baseman. Yoán Moncada, Josh Rojas, Jorge Polanco and Urshela were among the rebound candidates who could be had for an affordable one-year deal.

Urshela, 33, is coming off a second consecutive middling season. He split the year between the Tigers and Braves. He combined for 461 plate appearances and hit .250/.286/.361 with nine home runs. Urshela’s plus contact skills remain intact, but his power has dropped off sharply in recent years. His slugging percentage has trended down in two straight seasons. The veteran has never taken many walks, so the dip in power leaves him with something of an empty batting average. Since the start of 2023, the righty-hitting infielder carries a .266/.300/.365 line with 11 longballs in nearly 700 trips to the plate.

While the bat has tailed off, Urshela remains a capable defender. Defensive Runs Saved gave him exactly league average marks in a little over 900 innings this past season. Statcast credited him with two runs above average. Although DRS has historically taken a more favorable view of Urshela’s glove than Statcast has, both metrics feel he’s been a little bit above par over the past two seasons.

Assuming Urshela cracks the big league roster, the A’s could deploy him at either corner infield position. Third base remains his primary spot, but he has topped 100 innings at first base in each of the last two years. Tyler Soderstrom should get the majority of the playing time there. Urshela could move across the diamond against left-handed pitching if the A’s want to shield Soderstrom from unfavorable platoon matchups. That could draw righty Darell Hernaiz into the lineup at third.

Ken Rosenthal of the Athletic first reported the A’s and Urshela had a deal. Martín Gallegos of MLB.com reported the one-year term. The New York Post’s Jon Heyman had the $2.15MM base salary, while The Associated Press reported the incentive specifics.

Image courtesy of Imagn.

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Newsstand Oakland Athletics Transactions Giovanny Urshela

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Phillies Acquire Jesus Luzardo

By Nick Deeds | December 22, 2024 at 8:40am CDT

The Phillies made a big acquisition to their rotation, announcing they’ve acquired Jesús Luzardo from the Marlins. It’s a two-for-two trade sending Luzardo and minor league catcher Paul McIntosh to Philadelphia for shortstop prospect Starlyn Caba and outfield prospect Emaarion Boyd.

Luzardo, 27, is coming off something of a lost season but was among the most coveted starters available on the trade market as recently as last winter. The southpaw made just 12 starts in 2024 due to a lumbar stress reaction and struggled when he was healthy enough to take the mound with a 5.00 ERA (91 ERA+) in 66 2/3 innings of work. While Luzardo maintained a solid 8% walk rate, his 21.2% strikeout rate was far below his career norms and his fastball velocity was more than a tick below where it was in 2023.

Even with those warts, however, it’s easy to see why Luzardo would be an attractive addition to the rotation for the Phillies. In 279 innings of work for the Marlins between 2022 and ’23, Luzardo dominated to the tune of a 3.48 ERA (129 ERA+) with a 3.40 FIP. His 96.7 mph average fastball velocity was near the top of the scale for left-handed starting pitchers, and his 28.7% strikeout rate ranked eighth among starters with at least 250 innings of work in that time, sandwiched between Dylan Cease and Shane McClanahan.

While there’s no guarantee Luzardo will be able to recapture that ace-level production he flashed prior to his injured 2024 season, the Phillies won’t need to rely on him for front-end production. Instead, Luzardo joins an incredibly deep Phillies rotation that already features Zack Wheeler, Aaron Nola, Ranger Suárez, and Cristopher Sánchez. Even a fully healthy and effective Luzardo would slot in as the #2 starter in that rotation between Wheeler and Nola, and even if the southpaw merely pitches to the peripherals (4.23 FIP, 4.33 SIERA) he posted during his injury-marred 2024 campaign he’d be a noticeable upgrade over Taijuan Walker, who pitched to an ugly 7.10 ERA in 83 2/3 innings of work this past season.

The Phillies have been known to have interest in adding rotation help this winter, though that was generally expected to come in the form of a depth piece who could pitch out of the bullpen or give Walker competition for the fifth starter spot, not unlike the club’s signing of right-hander Spencer Turnbull last winter. The acquisition of a player with Luzardo’s talent and pedigree obviously goes well beyond that, however, and surely pushes Walker into a long relief role to open the season assuming the rest of the rotation is healthy.

Adding Luzardo also eases the club’s long-term need for rotation help, as he’s under team control for the next two seasons. With Suarez scheduled to hit free agency following the 2025 season, it’s possible that the addition of Luzardo allows the Phillies to rely on some combination of Walker and top prospect Andrew Painter to round out their 2026 rotation. That would push the need for an additional starter off to the 2026-27 offseason, at which point both Walker and Luzardo himself will be eligible for free agency.

For now, though, Luzardo is a cost-controlled addition to the Phillies’ rotation who figures to raise the group’s already impressive ceiling considerably. MLBTR contributor Matt Swartz projects Luzardo for an arbitration salary of just $6MM in 2025, a figure that pushes the Phillies’ payroll to the $285MM range and their luxury tax payroll up to $304MM per RosterResource. Notably, that pushes them past the highest $301MM tax threshold for next season, at which point the club is taxed at a 110% rate on any overages beyond $301MM in addition to their highest pick in the 2026 draft being pushed back ten spots.

In terms of the actual financial cost, then, bringing Luzardo into the fold figures to cost the Phillies something closer to $10.5MM between the southpaw’s salary and the tax bill that comes with it. It’s an unprecedented level of spending for the Phillies, and it’s not clear how much more room the club will have to manuever as it seeks to make further upgrades. Perhaps that’s why president of baseball operations Dave Dombrowski suggested the club was unlikely to make further major additions earlier this week, with a swingman for the pitching staff and a bench piece for the lineup highlighted as the club’s remaining priorities. The addition of Luzardo likely eliminates the need for a swingman by pushing Walker into that role, of course.

For the Marlins, the prize in this deal is Caba. Ranked as MLB Pipeline’s #81 prospect in the game and #54 at Baseball America, Caba just celebrated his 19th birthday earlier this month and looked solid in complex league play this year with a .254/.427/.335 slash line. While he offered little power, he walked more than he struck out and stole 37 bases in 45 attempts across 225 plate appearances at the level. Caba was promoted to Single-A down the stretch and struggled badly with a .179/.304/.190 slash line in 115 trips to the plate, though he still recorded more walks (16) than strikeouts (15). While he’s roundly projected for below-average power by prospecting services, he’s regarded as having the potential to be a special defender at shortstop and his impressive knack for plate discipline should give him a solid offensive floor.

Boyd, meanwhile, was the Phillies’ 11th-round pick in the 2022 draft. The 21-year-old hit just .239/.317/.331 in 400 trips to the plate at the High-A level in 2024, though he’s stolen 83 bases over the past two seasons due to elite speed and is regarded as a potentially plus defender in center field due to his wheels. That was enough to make him the #23 prospect in the Phillies organization, according to Pipeline. That said, Boyd currently offers minimal power and has a below average hit tool, though his contact-heavy approach and potential to grow into a little more power as he physically matures is enough to keep him on the radar as a potential big league contributor.

Also in the deal is McIntosh, who joins Luzardo in heading from Miami to Philadelphia. The 26-year-old isn’t considered to be much of a prospect, having been selected by the Marlins in the 34th round of the 2018 draft. He slashed .246/.340/.385 in 117 games with the Marlins’ Double-A affiliate in Pensacola this past season. For the Phillies, McIntosh should offer a solid glove-first option behind the plate to help guide the club’s young pitchers in the upper minors and perhaps provide some depth behind the club’s big league catching corps.

Robert Murray of FanSided first reported the Phillies were acquiring Luzardo. Craig Mish of the Miami Herald was first to report that Miami was acquiring Caba and Boyd. Matt Gelb of the Athletic had McIntosh’s inclusion.

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Miami Marlins Newsstand Philadelphia Phillies Transactions Emaarion Boyd Jesus Luzardo Paul McIntosh Starlyn Caba

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Rickey Henderson Passes Away

By Leo Morgenstern and Nick Deeds | December 21, 2024 at 10:58pm CDT

Baseball Hall of Famer and stolen base king Rickey Henderson has passed away. He was 65. Henderson’s friend and teammate Dave Winfield was among those to announce the tragic news, which was later confirmed by the New York Post.

Henderson was born in Chicago on Christmas Day in 1958. However, he spent much of his childhood in Oakland. The Athletics arrived in the city not long after Henderson, and once he finished high school, his hometown team called his name in the fourth round of the 1976 MLB draft. Three years after that, he arrived at the Oakland–Alameda County Coliseum to make his major league debut.

Following an underwhelming rookie season, Henderson broke out with a superstar performance in 1980. The 21-year-old outfielder showed off terrific bat-to-ball skills and a sharp eye at the plate, ranking third among qualified batters in walk rate and OBP. Of course, he put that OBP to good use, leading the majors with 100 stolen bases. It was the first of six times he would lead the majors in steals, and the first of 12 times he’d lead the American League in the category. He also made his first of 10 All-Star teams that summer and finished 10th in MVP voting that fall. In retrospect, however, he deserved to finish much higher. According to both FanGraphs and Baseball Reference, the only AL player with a higher WAR that season was MVP George Brett.

Henderson was even better in his third season, the strike-shortened 1981 campaign. He led the majors in runs scored and led the AL in hits and stolen bases. At the end of the year, he won a Gold Glove and a Silver Slugger. However, he was still, arguably, overlooked in MVP voting. He finished a close second behind Brewers closer Rollie Fingers, but modern stats like fWAR and bWAR suggest he was the most productive player in the American League that season. Indeed, this was often the story of Henderson’s career. He was consistently excellent year in and year out, and although he received no shortage of praise and acclaim, he was still somehow overlooked. He made 10 All-Star teams and won three Silver Sluggers, one Gold Glove, and one MVP. Yet, all that might not have been enough to properly recognize his greatness.

Henderson became a star in his early twenties. He remained productive on the field into his forties. Over his 15 best seasons from 1980-94, he was almost undeniably the best player in baseball. Whether you look at runs scored, stolen bases, fWAR, or bWAR, no other player was anywhere close to as productive. With his combination of speed, defensive range, contact skills, plate discipline, and eventually above-average power, he could impact a ballgame in all sorts of ways. He is best remembered as the all-time and modern-era single-season stolen base leader, but he also holds the all-time MLB records for runs, unintentional walks, and leadoff home runs.

In addition to those career accolades, Henderson was a transformational player in the postseason. A two-time World Series champion who hoisted the Commissioner’s Trophy for both Oakland in 1989 and Toronto in 1993, his 11 stolen bases during the 1989 postseason is tied with Kenny Lofton for the most steals by a player in a single postseason, and his 33 career steals in the playoffs were the most by a player in history until Lofton broke that record during the 2007 ALCS.

In addition to the havoc Henderson caused on the basepaths, he was a prolific hitter when the lights were brightest with a .284/.389/.441 slash line in 60 postseason games. Impressive as that work in the playoffs is, Henderson’s work during his 14 career World Series games boggles the mind: he hit .339/.448/.607 with more walks than strikeouts while going seven-for-nine on the basepaths. Those incredible numbers translate to a 194 wRC+ that leaves him sandwiched between Babe Ruth (195) and Lou Gehrig (194) on the career leaderboard for wRC+ in the World Series among players who made at least 60 trips to the plate during the Fall Classic.

While Henderson was the greatest player of the ’80s and early ’90s, the legend of the game kept his career going well past the age where most players hang up the spikes. After his age-35 season in Oakland, Henderson went on to play in an additional 1,001 games in the majors while bouncing between the A’s, Padres, Angels, Mets, Mariners, Padres, Red Sox, and Dodgers. Those final nine years of Henderson’s career were naturally not on the level of his seemingly superhuman peak in Oakland the Bronx, but he remained a productive player through the end of his major league career. From 1995 through 2003, Henderson hit .254/.390/.369 with a 111 wRC+ while swiping 289 bags, making him well above average both at the plate and on the basepaths. Even during his 30-game stint with the Dodgers at the age of 44, Henderson produced above replacement-level value according to both Fangraphs (0.1 fWAR) and Baseball Reference (0.2 bWAR).

Henderson continued playing in Independent Leagues even after he played his final major league game as posted an .897 OPS in the Atlantic League and an .856 OPS in the Golden League before calling it a career in 2005 at the age of 46. The love of the game that caused him to continue playing in indy ball following the end of his big league career also led him to leave the door open to returning to a major league field even after his playing days were behind him. He maintained an interest in suiting up for a major league team again after being hired by the Mets as a hitting instructor in 2006 and famously suggested following his first-ballot induction into the Hall of Fame back in 2009 that even at the age of 50 he could lead the league in stolen bases.

It’s that heart and love of the game that endeared Henderson to his teammates, coaches, and all those around the game who interacted with him while making him beloved by millions of fans around the world. Henderson’s otherworldly talent and passion for the game led him to collect 3,055 hits, steal 1,406 bases, score 2,295 runs, swat 873 extra-base hits, and manage a career .401 on-base percentage in his 3,081 games as a major league player. MLBTR extends our condolences to Henderson’s family, friends, and teammates as we join the rest of the baseball world in mourning his passing.

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Newsstand Oakland Athletics Obituaries Rickey Henderson

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Guardians Sign Carlos Santana

By Nick Deeds | December 21, 2024 at 10:57pm CDT

The Guardians have reunited with a longtime veteran of the organization, announcing a one-year deal with first baseman Carlos Santana. The Octagon client is reportedly guaranteed $12MM. The signing comes on the heels of the club agreeing to a trade that sent first baseman Josh Naylor to Arizona on Saturday.

Santana, 39 in April, is a veteran of 15 MLB seasons who made his big league debut with Cleveland back in 2010. A catcher early in his career, Santana eventually moved to first base and has been defined throughout his career by phenomenal plate discipline. His walk rate has never fallen below 10.5% in a season across his lengthy big league career, and his strikeout rate surpassed 20% just once back in 2011. The one-time All-Star has spent ten seasons in Cleveland and will now suit up for an eleventh in year 16 of his big league career.

A career .251/.368/.450 (121 wRC+) hitter with the club, Santana has seen his bat decline somewhat since he last suited up for Cleveland back in 2020. He’s played for five teams over the past four seasons, including the Guardians’ division rivals in Kansas City and Minnesota. Santana has been more of a league average hitter in those stints away from Cleveland, hitting a collective .224/.320/.392 (99 wRC+) since he last played for the club. With that said, 2024 was a bit of a rebound season for Santana as he slashed a solid .238/.328/.420 (114 wRC+) in 150 games for the Twins while playing strong enough defense at first to earn his first career Gold Glove award. What’s more, even in his down years Santana has continued to hit well against left-handed pitching with a 125 wRC+ against southpaws across the last four seasons.

It’s hard to imagine the Guardians committing $12MM to a longtime face of the franchise coming off a three-win season just to make him a platoon player, and Santana surely figures to be the club’s regular first baseman in 2025. That leaves well-regarded youngster Kyle Manzardo, a top-100 prospect prior to the 2024 season who posted a 98 wRC+ in his first taste of big league action this year, likely relegated to a part-time role with appearances at DH while occasionally spelling Santana at first base. With that said, Manzardo’s presence offers the Guardians some insurance against Santana’s age catching up to him as well; pairing the lefty-swinging youngster with Santana’s switch-hitting bat that has long crushed lefties figures to be a solid way to get value out of the first base position even if Manzardo doesn’t take a step forward and Santana finds himself unable to replicate his excellent 2024 campaign.

Notably, Santana’s $12MM salary for 2025 is identical to the $12MM projection put forward by MLBTR contributor Matt Swartz for Naylor’s final year of arbitration eligibility. That makes Santana and Naylor a one-for-one swap from both a financial and team control perspective. Naylor (118 wRC+, 2.7 fWAR) was the slightly better hitter but slightly less productive overall in 2024, though the 11-year age gap between the two means he also projects better than Santana going forward. Even so, the addition of Santana allowed the Guardians to trade Naylor for right-hander Slade Cecconi and a pick in Competitive Balance Round B of the 2025 draft without losing much if anything in terms of on-the-field production for 2025.

That sleight of hand by the Guardians had the side effect of taking two more names off of a crowded first base market that has rapidly begun to thin out in recent days. Naylor and Santana are joined in having found their 2025 homes recently by Paul Goldschmidt, who signed with the Yankees on a one-year deal earlier today, and yesterday saw Christian Walker land a three-year deal with the Astros. Pete Alonso is the top free agent available at first base and remains on the market, with players like Anthony Rizzo, Josh Bell, Justin Turner, and Mark Canha still available in the lower tiers of the market. The trade market has fewer options who are clearly available, but Nathaniel Lowe of the Rangers, Yandy Diaz of the Rays, and LaMonte Wade Jr. of the Giants are all at least plausible candidates to change hands.

Jeff Passan of ESPN first reported the Guardians and Santana were in agreement on a one-year, $12MM deal.

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Cleveland Guardians Newsstand Transactions Carlos Santana

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Diamondbacks Acquire Josh Naylor

By Nick Deeds | December 21, 2024 at 10:56pm CDT

The Diamondbacks announced they’ve acquired Josh Naylor from the Guardians for right-hander Slade Cecconi and a Competitive Balance Round B draft pick.

An All-Star for the first time in 2024, Naylor hit a solid .243/.320/.456 (118 wRC+) with a career-high 31 homers in 152 games for the Guardians this past year. That continues a three-year run of solid production from Naylor in Cleveland, as he’s posted an even better .267/.330/.465 (121 wRC+) slash line since becoming a regular fixture of the Guardians’ lineup in 2022. In addition to that solid 20-to-30 homer power Naylor has displayed, he’s posted impressive contact numbers with a strikeout rate of just 15.6% across the past three seasons. He’s paired that low strikeout rate with an improving walk rate that reached 9.2% in 2024. In Arizona, the 27-year-old Naylor joins an offense that not only lost Christian Walker at first base when he landed in Houston on a three-year deal earlier this week but also figures to provide the left-handed pop the club lost when DH Joc Pederson elected free agency last month.

He’s a solid fit for that role, though with free agency just one season away at an arbitration salary that MLBTR contributor Matt Swartz projects to land at $12MM, he lacks the surplus value more attractive trade targets typically offer. That increasing price tag in arbitration combined with the presence of youngster Kyle Manzardo as an obvious successor at first made Naylor somewhat expendable for the Guardians, however, and this evening’s addition of veteran first baseman Carlos Santana to the Cleveland lineup on a one-year deal suggests that the Guardians may have preferred to reallocate Naylor’s projected salary and playing time to the 15-year MLB veteran.

In exchange for parting ways with the slugger, they’ve added some draft capital and an intriguing young arm in Cecconi. Competitive Balance Round B encompassed the 66th through 73rd picks in the 2024 draft. As noted by MLB.com’s Joe Trezza, the Guardians already had the first pick of Competitive Balance Round B in 2025. Now, the club will get a second pick in that same round as the Diamondbacks were slated to pick third behind Cleveland and Baltimore.

Meanwhile, Cecconi is a former first-round selection by the Diamondbacks who has pitched in parts of the last two seasons for the club but has yet to establish himself in the majors. He flashed league average numbers in an up-and-down role with Arizona in 2023, pitching to a 4.33 ERA (102 ERA+) with a 4.37 FIP in 27 innings spread between four starts and three relief appearances. Those numbers took a tumble in a longer stint with the big league club this year, however. Cecconi struggled to a 6.66 ERA (63 ERA+) in 77 innings of work. While his 5.02 FIP was substantially better, that figure was still well below league average. Cecconi enjoyed an excellent 5% walk rate in the majors last year, but his 18.9% strikeout rate was lackluster and he allowed an eye-popping 16 homers in just 20 games.

Disastrous as his 2024 season was, however, Cecconi will now get an opportunity to move to a club well-regarded for its ability to develop young pitchers. Still just 25, the right-hander’s 3.04 ERA and 29.5% strikeout rate in 47 innings at the Triple-A level this year offer some reason for optimism regarding his future in the big leagues, whether that winds up being out of the rotation or the bullpen. After losing Matthew Boyd and Alex Cobb in free agency and with Shane Bieber expected not to pitch until midway through the 2025 season, Cleveland already added Luis Ortiz to their rotation earlier this winter. Cecconi may not be able to break a rotation that now projects to include Ortiz alongside Tanner Bibee, Ben Lively, Gavin Williams, and Triston McKenzie on Opening Day, but he’ll provide depth for the club nonetheless.

Turning back to Arizona, the acquisition of Naylor brings the club’s estimated payroll to $160MM according to RosterResource. That leaves the club with some additional flexibility before they reach their 2024 figure of $173MM, which Diamondbacks brass has previously indicated the 2025 payroll will likely end up in the vicinity of. The club is known to be in the market for relief pitching and has previously expressed interest in a reunion with Pederson, though it’s possible they believe the addition of Naylor fills the void created by Pederson’s departure.

With Naylor now set to join Eugenio Suarez, Zac Gallen, and Merrill Kelly as key contributors slated for free agency next winter, it’s possible the club could also benefit from being in longer-term help for its lineup or rotation that can help preserve continuity alongside core pieces like Ketel Marte, Corbin Carroll, and Gabriel Moreno. Jordan Montgomery is also slated to reach free agency next winter, but the Diamondbacks haven’t been shy about looking to move him this winter and could free up additional payroll space by doing so.

Jon Heyman of the New York Post first reported the Diamondbacks were nearing a deal for Naylor. Jeff Passan of ESPN had the full trade terms.

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Arizona Diamondbacks Cleveland Guardians Newsstand Transactions Josh Naylor Slade Cecconi

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John Seidler To Take Over As Padres’ Control Person

By Nick Deeds | December 21, 2024 at 4:57pm CDT

Just over a year after the sudden passing of Padres owner Peter Seidler, the organization has its new control person. While Seidler’s business partner Eric Kutsenda took over as interim control person in the immediate aftermath of Seidler’s death, he’ll now be succeeded more permanently by John Seidler according to a report from Kevin Acee of the San Diego Union-Tribune. Kutsenda will remain part of the organization and the rest of the team’s senior leadership will remain in their current roles. Seidler’s ascent to title of control person will need to receive the approval from the league before it becomes official.

Seidler, 65, is the brother of the Padres’ previous owner and is among the members of the Seidler family who collectively hold what Acee notes is believed to be a 45% stake in the team. Previous reports have indicated that Peter Seidler intended for his family to maintain ownership of the Padres for generations to come and that the club intended to proceed with that plan following his death. John Seidler taking the reins of the organization appears to be the latest move toward making that plan a reality, and Acee added that a source familiar with the family’s plans confirmed to him that the Seidler family intends to own the Padres for “a long time.”

“Since Peter’s passing, Eric Kutsenda has served as our interim control person,” the Padres said in a statement provided to Acee. “Peter’s youngest brother Matt, as trustee of Peter’s trust, is pleased to announce that John Seidler, Peter’s oldest sibling, an accomplished entrepreneur and business executive, will be the Padres’ next control person, pending approval by Major League Baseball.

Peter never viewed the Padres as ‘his’ team. Instead, he saw the team as an asset of the community of which he was a faithful steward. John shares Peter’s vision and will continue to strengthen and nurture this great franchise, its players, fans and employees, and the entire San Diego community.”

Importantly, Acee notes that the upcoming changing of the guard at the top of the Padres organization is not expected to impact the club’s plans on the field in terms of payroll. In its final years under Peter Seidler, the Padres organization had operated hefty payrolls in hopes of speeding up the club’s timeline for contention, but starting last offseason began to lower payroll to something closer to the middle of the pack. Acee adds that the Padres believe that their current model for payroll is “more sustainable” and that it figures to continue going forward with John Seidler now at the helm.

For the 2025 season, that likely means the club’s payroll will need to come down as compared to current projections. RosterResource projects a $210MM payroll for the club next season as things stand, which is $41MM higher than last year’s $169MM figure. While previous reporting has indicated that the club has room to increase the budget beyond its 2024 level, that increase is expected to be marginal and leave the club to ponder trading pricey arbitration-level players such as Dylan Cease and Luis Arráez.

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Newsstand San Diego Padres Eric Kutsenda John Seidler Peter Seidler

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Cardinals Reportedly Declined Offer Of Marcus Stroman For Nolan Arenado

By Anthony Franco | December 20, 2024 at 11:52pm CDT

Earlier this offseason, the Cardinals declined an offer from the Yankees that could’ve sent Marcus Stroman to St. Louis for Nolan Arenado, according to a report from Mark Feinsand, John Denton and Bryan Hoch of MLB.com. It’s unknown whether Arenado would have approved that trade. MLB.com reports that the Cardinals never brought it to the star third baseman because they were uninterested in acquiring Stroman.

That’s not to say that talks between the clubs on Arenado are finished. The Yankees still have needs at both corner infield positions. Feinsand, Denton and Hoch report that they’re showing increased interest in Paul Goldschmidt at first base. They write that signing Goldschmidt might make Arenado more likely to waive his no-trade clause to join his former teammate as a corner infield tandem in the Bronx.

Various reports have tied the Yankees to Goldschmidt throughout this week. It seems they’ll turn to one of the short-term free agent options to upgrade first base. Ken Rosenthal of the Athletic reported on Thursday that the Yankees were increasingly likely to pursue a more affordable first baseman than to spend at the top of the market for Pete Alonso or Christian Walker. Walker, whom the Yankees had reportedly preferred to Alonso, has subsequently come off the board on a $60MM deal to Houston.

Interestingly, Goldschmidt’s asking price could itself prove a sticking point. Most predictions, MLBTR’s included, assumed he’d sign a one-year deal as he enters his age-37 season. Feinsand, Denton and Hoch report that Goldschmidt is seeking multiple years. That doesn’t guarantee he’ll find a two-year deal, of course, which would be a lofty ask coming off a middling season.

Goldschmidt hit .245/.302/.414 with 22 homers during his final year in St. Louis. He posted career-worst strikeout and walk rates with overall offense that measured exactly league average. Goldschmidt had a better second half after a dismal start to the season, but the overall numbers are worrisome given his age. MLBTR felt he’d secure $15MM on a one-year deal.

Money is also a complicating factor on Arenado. Even if the Yankees signed Goldschmidt and Arenado were willing to play there, they’d still need to find an agreeable return with St. Louis. The Cardinals owe the eight-time All-Star $64MM over the next three seasons, while the Rockies are on the hook for another $10MM between 2025-26. (Colorado’s obligations would carry over in the event of a trade.) $12MM of the Cardinals’ $64MM is deferred. MLB.com writes that the net present value of what St. Louis owes is around $60MM.

The Cardinals are trying to shed at least the vast majority of that deal. Katie Woo and Chandler Rome of The Athletic reported that the Astros would’ve absorbed around $45MM had Arenado not vetoed the proposed trade to Houston earlier this week. ESPN’s Jeff Passan reported differently, writing that Houston would have taken $59MM. In either case, the Cardinals would have shed most of the money.

Derrick Goold of the St. Louis Post-Dispatch wrote this afternoon that the extent of the Yankees’ interest in Arenado depends on how much of the deal the Cardinals would cover. While it’s not known how much the Yankees want St. Louis to eat, their proposal of Stroman would’ve been a financial counterbalance. The righty will make $18MM next season and would trigger a matching player option for 2026 if he throws 140 innings. An Arenado/Stroman swap would’ve gotten the Cardinals off the hook for the former’s salaries in 2026-27, but it would not have represented a significant cut next season.

Arenado has a $32MM salary next year, $5MM of which is Colorado’s responsibility. Another $6MM is deferred, so the immediate savings for St. Louis would only have been $3MM. The Cardinals could have tried to flip Stroman themselves. The righty is coming off a 4.31 ERA over 154 2/3 innings. His salary is above market but not egregiously so, but it doesn’t seem the Cardinals had any interest in that sequence of moves.

A player’s competitive balance tax number resets if they’re traded. Assuming the NPV on Arenado’s contract is around three years and $60MM, he’d carry an approximate $20MM luxury tax hit for an acquiring team if the Cardinals did not eat any money. RosterResource calculates New York’s luxury tax number around $287MM. Signing Goldschmidt or taking most of Arenado’s contract would push them beyond the $301MM final tax tier. Doing both would vault them well beyond $301MM, which comes with a 110% tax on every dollar spent from that point.

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Yankees, Reds Swap Jose Trevino For Fernando Cruz

By Anthony Franco | December 20, 2024 at 9:34pm CDT

The Yankees and Reds finalized a trade on Friday night that sends catcher Jose Trevino to Cincinnati for reliever Fernando Cruz and non-roster catcher Alex Jackson.

Trevino is on the move for the second time in his career. The Yankees landed him from the Rangers shortly after Opening Day 2022 in a deal that sent reliever Albert Abreu to Arlington. That was a win for the New York front office, as Trevino developed into a quality defensive catcher in the Bronx. Abreu, on the other hand, pitched seven times with the Rangers before they lost him on waivers.

The 2022 season has been Trevino’s best. He appeared in a career-high 115 games, hitting .248/.283/.388 through 353 plate appearances. Trevino led all catchers with 21 Defensive Runs Saved that season, earning an All-Star selection and a Gold Glove.

Trevino has opened each of the past two years as New York’s primary catcher. His playing time and offensive production have dropped, though he continues to grade very highly for his receiving skills. Trevino has only appeared in 129 games over the past two years. In 2023, that was largely the result of a ligament tear in his right wrist that necessitated season-ending surgery in July.

The 32-year-old stayed mostly heathy this past season. He missed a month between the All-Star Break and the middle of August because of a quad strain. Trevino was otherwise on the active roster but fell into a depth role. Rookie of the Year finalist Austin Wells is a superior offensive player who grades as an elite receiving catcher in his own right.

Trevino was limited to 62 starts behind the plate overall. He’d basically become a non-factor by the end of the year, as he appeared in just 14 games between his return from the injured list on August 15 and the end of the regular season. He only got two starts during the Yankees’ run to the World Series. He took 234 trips to the plate and hit .215/.288/.354 with eight home runs.

Part of the dip in playing time has been attributable to Trevino’s difficulty controlling the running game. According to Statcast, only Yasmani Grandal had a higher average pop time (throw time to second base on stolen base attempts) than Trevino’s 2.07 second mark. Opponents swiped 57 bases out of 70 attempts in his 544 1/3 innings. Trevino continues to grade exceptionally highly for his framing skills and blocking ability, so he remains a valuable defender, but the subpar arm strength has become an issue.

The Reds evidently placed a lot of value on those receiving skills. Trevino should back up Tyler Stephenson, who hit .258/.338/.444 with a career-high 19 homers this past season. Stephenson started 112 games and tallied a little more than 1000 innings. He didn’t play any first base in ’24 but has played there sporadically in prior seasons. Cincinnati could give Stephenson a few more modified rest days at first base or designated hitter if they’re comfortable with Trevino logging 70+ starts behind the dish.

Trevino has over five years of service time. MLTBR contributor Matt Swartz projects him for a $3.4MM salary during his last trip through the arbitration process. Taking that on pushes the team’s projected payroll to $104MM (courtesy of RosterResource). The Reds ended the ’23 campaign with a payroll around $100MM and have indicated they’re comfortable matching or exceeding that number.

Stephenson had been the only catcher on Cincinnati’s 40-man roster. They obviously needed to acquire a veteran backup, but it’s still surprising to see the Reds relinquish Cruz for one year of Trevino’s services. Cruz has been a fixture in Cincinnati’s bullpen for the last two years. He has scattershot command but elite bat-missing ability.

Cruz, a native of Puerto Rico, was drafted as an infielder back in 2007. He flamed out as a hitter and was out of affiliated ball entirely between 2016-21. Cruz converted to pitching in 2012 and continued to plug away, however, eventually catching the attention of Reds’ scouts in the independent ranks. He dominated Triple-A opponents in 2022 and earned his first major league call as a 32-year-old that September.

Typically, players who don’t reach the majors until they’re in their 30s are quickly dropped from the roster. Cruz pitched well in his late-season cameo, however, and the Reds kept him on their 40-man. He has topped 65 innings in each of the past two seasons, building from middle relief in 2023 to become one of David Bell’s more frequent leverage options in front of closer Alexis Díaz.

The bottom line results have not been great. Cruz has allowed nearly five earned runs per nine in both seasons. He owns a 4.52 ERA across 147 1/3 career innings. ERA estimators like FIP and SIERA find him significantly more interesting than the actual run prevention would suggest — a testament to his gaudy swing-and-miss numbers.

Cruz has fanned over 35% of opponents in each of the last two seasons. He carries a cumulative 36.5% strikeout rate over that stretch. Among pitchers with 100+ innings, only Josh Hader and Aroldis Chapman have posted a better mark. Spencer Strider, Kirby Yates, Garrett Crochet, Jeff Hoffman, Bryan Abreu, Paul Skenes and Tyler Glasnow round out the top 10. Cruz is similarly dominant on a per-pitch basis. His 16.7% swinging strike rate ranks fifth among that group — trailing Strider, Hader, Andrés Muñoz and Ryan Helsley.

Pitching isn’t solely about strikeouts, of course, but most pitchers who miss bats at those rates are impact arms. Cruz holds himself back to some extent by issuing too many free passes. He walked 12.2% of batters faced this year and has given out free passes to 11.4% of opponents in his career. That’s a concern, but it’s easy to see why the Yankees identified him as an upside play.

Cruz’s calling card is a low-80s splitter, which is one of the most effective pitches in the sport. Cruz used the offering a little more than 40% of the time this year. Opponents only made contact around 40% of the time they swung at it. Batters hit .116 against it. Cruz used it as the finishing pitch for 88 of his 109 strikeouts.

Exceptional as the splitter was, opponents teed off on his other two offerings — a 94 MPH four-seam fastball and a cutter that sits in the high 80s. Cruz has preferred to mix all three pitches rather than fully unleashing the splitter. Whether that’s because of his own comfort or the preference of Cincinnati’s coaching staff isn’t clear, though it wouldn’t be a surprise if the Yankees pushed him to lean more frequently on that pitch. New York allowed Tommy Kahnle to abandon his fastball and throw essentially all changeups for his entire playoff run, for instance.

Cruz has just over two years of big league service. He’s under club control for four seasons. The extended control window isn’t a huge factor for a pitcher who’ll turn 35 in March. It’s a boost in the short term, though, as the Yankees can plug him into the bullpen for around the league minimum salary in 2025.

Jackson, who turns 29 on Christmas, rounds out the return to backfill the catching depth. He signed a minor league contract with Cincinnati last month and will not occupy a 40-man roster spot. Jackson appeared in a career-high 58 games for the Rays last season, hitting .122 over 159 plate appearances. He’s a career .132/.224/.232 hitter over parts of five campaigns. Jackson should get a Spring Training invite, where he can compete with 29-year-old J.C. Escarra — who is on the 40-man roster but hasn’t appeared in the majors — for the backup job behind Wells.

Jon Heyman of the New York Post first reported that Trevino was being traded to Cincinnati. The Post’s Joel Sherman was first with the entire trade. Images courtesy of Imagn.

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Nine Teams Exceeded Luxury Tax Threshold In 2024

By Anthony Franco | December 20, 2024 at 8:24pm CDT

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

The payments are as follows:

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

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

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

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

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

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

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

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

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

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Phillies Sign Max Kepler

By Anthony Franco | December 20, 2024 at 3:26pm CDT

The Phillies announced Friday that they’ve signed outfielder Max Kepler to a one-year deal. It’s a reported $10MM deal for the VC Sports Group client. Philadelphia already had an opening on the 40-man roster.

Kepler changes uniforms for the first time in his career. The German-born outfielder had spent a decade and a half with the Minnesota organization. He signed with the Twins as a teenager and reached the big leagues late in the 2015 season. Kepler appeared in parts of 10 big league campaigns with Minnesota, stretching beyond the six-year control window after signing a $35MM extension in February 2019.

For most of that run, Kepler was an above-average right fielder. He looked as if he might on the cusp of stardom after a 36-homer showing in 2019, but that proved to be an outlier in a season that was played with the juiced ball. Outside of that year, Kepler has typically been a 15-20 homer threat with decent on-base skills.

Kepler, 32 in February, is coming off his least productive season. He battled injuries in both knees and only appeared in 105 games. Kepler was limited to a career-low eight home runs while posting a middling .253/.302/.380 line across 399 plate appearances. The free passes plummeted alongside the power. Kepler walked at a career-low 5.5% clip, posting his lowest on-base percentage in the process.

The Phillies are hoping that a healthy offseason could allow him to return to his prior form. Kepler had one of his best years as recently as 2023. He hit .260/.332/.484 with 24 longballs (the second most of his career) across 491 plate appearances that season. Kepler set personal highs in average exit velocity (91.9 MPH) and hard contact percentage (47.6%). His hard contact rate dropped by 11 points this year, suggesting that he was playing at less than full strength.

Much of Kepler’s diminished production came late in the season. He carried a league average .256/.309/.394 slash line into the All-Star Break. That dropped to .246/.287/.352 in the second half. The Twins resisted putting him on the IL for a while as they tried to hang onto a Wild Card berth, but his numbers tanked so far in August that he had to land on the shelf. Minnesota’s September collapse meant that he was unable to return for a possible postseason push.

While it ended on a down note, Kepler had a productive run in the Twin Cities. He appeared in more than 1000 games, hitting .237/.318/.429 with 161 homers and just over 500 runs batted in. There wasn’t much doubt that Minnesota would go in another direction this offseason, though. Ownership isn’t giving the front office much financial leeway, so an eight-figure contract to retain Kepler after an injury-plagued season was never in the cards.

At his peak, Kepler was one of the sport’s best defensive right fielders. If not for sharing the Target Field outfield with Byron Buxton, he probably would’ve gotten more consistent run in center field early in his career. Kepler’s defensive grades are still solid but not as strong as they’d been in his 20s. Defensive Runs Saved graded him as a league average right fielder in a little over 800 innings this past season. Statcast credited him with two runs above average.

Better health could help him rebound on defense as well. Kepler fell below league average in Statcast’s sprint speed measurement for the first time. That’s not a surprise considering he was playing through knee pain. On both sides of the ball, the Phillies are hoping that this year was a health-related blip rather than the sign of a sharp decline in his early 30s.

Kepler figures to play mostly left field at Citizens Bank Park. That’s a position he’s never played in the majors, though most right fielders can kick over to the opposite corner without much issue. Kepler hasn’t started a game in center field since 2021, so he’s probably no more than an emergency option there. Johan Rojas and Brandon Marsh are each likelier to handle center field work.

While there shouldn’t be much issue about the positional transition, Kepler’s handedness makes him something of an odd fit. The Phils had sought to find a rotational outfielder who could cut into the playing time for Rojas and/or Marsh. A right-handed hitter would have been the most straightforward solution, allowing the Phils to shield Marsh from lefty pitching. Philadelphia hoped Austin Hays would address that as a deadline pickup, but he spent most of his tenure on the injured list and was non-tendered last month.

Kepler doesn’t fit that need. Like most left-handed hitters, he’s much better against righties. Kepler has a career .243/.326/.452 line versus right-handers. He’s a .221/.292/.363 hitter in more than 1000 plate appearances against southpaws. If the Phils are going to platoon Marsh, he’d probably pair with the righty-hitting Rojas in center field. That’d put the onus on Kepler to stay healthy enough to play regularly in left field.

Marsh could always move back to left if Kepler lands on the IL, yet that’d leave the Phillies with the same middling outfield upon which they’re trying to upgrade. They’d certainly love to offload the remaining two years and $40MM on the Nick Castellanos deal, which would enable them to put Kepler in right field and add another outfield bat. Shedding a notable chunk of the Castellanos money is much easier said than done after he hit .254/.311/.431 this year.

It seems the Phils preferred the price point on Kepler over the asking price for the top righty-hitting outfielders available. Matt Gelb of the Athletic reports that Philadelphia had shown interest in Teoscar Hernández but apparently balked at the ask. MLB.com’s Mark Feinsand reported earlier this week that Hernández was looking for a three-year deal exceeding $60MM.

Signing Kepler pushes the Phils’ salary commitments to roughly $280MM, according to the RosterResource calculations. They’re up to $299MM in competitive balance tax obligations. The Phils went into the offseason with their CBT number already into the third tier of penalization. They’ve paid the tax in three consecutive seasons, so they’re subject to the highest set of escalator surcharges. Their spending between $281MM and $301MM is taxed at a 95% clip, meaning they’re on the hook for $9.5MM in taxes on Kepler. This represents a near-$20MM overall commitment on ownership’s part.

Once they go beyond the $301MM mark, they’ll be taxed at the maximum 110% rate on further spending. The Phillies were a virtual lock to exceed the third tier regardless of whether they signed Kepler. That’ll drop their top draft choice in 2026 by ten spots (unless they miss the playoffs and draw into the top six in the lottery). Signing Kepler and Jordan Romano to one-year deals addresses two of their biggest questions on relatively affordable terms.

Todd Zolecki and Mark Feinsand of MLB.com first reported Kepler and the Phillies were progressing on a one-year contract. ESPN’s Jeff Passan confirmed the agreement and reported the $10MM salary. Image courtesy of Imagn.

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