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Dodgers Sign Roki Sasaki

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Jan. 22: The Dodgers have formally announced Sasaki’s signing. Baseball America, unsurprisingly, ranked Sasaki as the new No. 1 prospect in baseball this morning.

Jan. 17: The Dodgers have landed another star out of Japan. Roki Sasaki announced on Friday evening that he’s signing with Los Angeles. The Wasserman client will reportedly receive a $6.5MM signing bonus. The Dodgers have not officially announced the deal, which can be finalized at any point until the evening of January 23.

As an international amateur, Sasaki is limited to a minor league contract with a hard-capped signing bonus. He won’t immediately occupy a 40-man roster spot, though the team will certainly select him onto the MLB roster by Opening Day. In the end, it’s a fairly unsurprising result, though other outcomes seemed somewhat possible at times. The Dodgers have long been seen as the most logical landing spot for Sasaki, and though the Padres and Blue Jays tried to make surprising runs, the most likely outcome has now come to pass.

Sasaki’s free agency has been hotly anticipated for some time. He made his debut in Japan’s Nippon Professional Baseball in 2021 at the young age of 19 and went on to post outstanding results over the past few years. Thanks to triple-digit velocity on his fastball and a deadly splitter, he has managed to post a 2.10 earned run average in 394 2/3 innings over the past four years. He struck out 32.7% of batters faced and limited walks to a 5.7% clip.

That performance would have made him one of the top free agents of this or any offseason, which normally would have lined him up for a massive payday. However, Sasaki seemed determined to start his major league career as soon as possible, without much regard for money.

If he had waited until he turned 25, he would have been considered a professional under MLB rules, and thus able to sign for any amount the market would bear. That was the route taken by Yoshinobu Yamamoto, who secured a $325MM guarantee from the Dodgers last offseason.

But Sasaki is making the move now, having just turned 23 years old, meaning he is considered an amateur and thus subject to MLB’s international bonus pool system. Under that system, each team gets a set amount to spend on international amateurs annually. This year, each team gets between $5-8MM, a paltry amount compared to what Yamamoto secured. That at least made it theoretically possible that any club could sign him, since the big-spending clubs couldn’t outmuscle the smaller clubs like with many other free agents.

However, despite that theoretical even playing field, there were still many good reasons to expect the Dodgers to emerge victorious. Sasaki and his agent Joel Wolfe didn’t reveal much about the player’s preferences, but logically, the Dodgers are an attractive landing spot. They play on the West Coast, which is often appealing for players coming over from Asia simply due to the relative proximity. They have a strong track record of on-field success, having made the playoffs in each year going back to 2013 now and having just won the World Series a few months ago. They also roster a couple of other Japanese stars in Yamamoto and Shohei Ohtani.

It wasn’t known how much Sasaki would weigh those factors compared to others. Wolfe pushed back on the notion that Sasaki cared about the presence of other Japanese players. He also suggested last month that Sasaki might prefer a smaller market, on account of some friction with the media during his time in Japan.

There were some arguments to possibly consider scenarios where he would prefer to go elsewhere. The Padres could have offered a smaller market than the Dodgers and it was reported that Sasaki has a strong relationship with current Padre Yu Darvish. The Blue Jays are owned by Rogers Communications, the club’s primary broadcaster, potentially giving them the ability to lower Sasaki’s access to the media. The fact that they are the only MLB team in Canada also theoretically opened up more endorsement opportunities from Japanese companies, as opposed to sharing the L.A. market with Ohtani and Yamamoto. The Jays also had a larger international bonus pool than the Dodgers and added to it by acquiring more pool space from the Guardians in a trade earlier today.

But despite any short-term drama that played out this offseason, the most obvious thing has happened. Sasaki has joined a team that is already loaded with stars like Ohtani, Yamamoto, Mookie Betts and Freddie Freeman. 2005 was the last time the Dodgers won fewer than 80 games and now they are adding another hugely talented player into the mix.

Adding Sasaki’s talent is a huge boost to the roster but it’s also massive from a financial point of view. As an amateur, Sasaki will only be able to make the league minimum this year and until he qualifies for arbitration or signs an extension. That’s a massive thing for a club like the Dodgers, who already owe big sums of money to their aforementioned stars as well as Blake Snell, Tyler Glasnow, Teoscar Hernández and plenty of others.

It also gives them an embarrassment of riches in the rotation, at least in terms of pure talent. Their rotation mix now includes Sasaki, Ohtani, Yamamoto, Glasnow, Snell, Tony Gonsolin and Dustin May. It’s a near inevitability that Clayton Kershaw will eventually re-sign. Even with each of Gavin Stone, Emmet Sheehan, Kyle Hurt and River Ryan set to miss most or all of next season, the Dodgers’ rotation should run eight or nine names deep. Landon Knack, Justin Wrobleski, Nick Frasso and formerly touted rookie Bobby Miller are all on hand as depth starters.

It’s a staggering amount of talent for one team. The Dodgers won the World Series last year in spite of their playoff rotation. This year, the rotation should be a strength going into October. That’s despite the injury risk associated with essentially everyone in the group. Glasnow has never surpassed 134 MLB innings in a season. Yamamoto was limited to 18 starts in his first MLB season by a rotator cuff strain. Snell has only topped 130 frames twice. Kershaw, Gonsolin and May all missed most or all of last season recovering from major surgeries. Ohtani underwent elbow surgery late in 2023 and didn’t pitch last year.

Sasaki comes with plenty of durability questions in his own right. He averaged fewer than 100 innings per season over his four years in NPB. He never reached 130 innings and was limited to 111 frames across 18 appearances a year ago. Sasaki had a pair of injuries in 2024: an oblique tear and shoulder fatigue.

The Dodgers will happily take the tradeoff of some IL stints for rate dominance. Los Angeles doesn’t place much value on bulk innings. They’re content to embrace injury risk as they chase pitchers with top-of-the-rotation upside. That’s enabled in part by their resources, of course, though money isn’t a factor for Sasaki.

Every team would have been thrilled to sign Sasaki for $6.5MM. The Dodgers will also owe a $1.3MM posting fee to the pitcher’s NPB team, the Chiba Lotte Marines. The posting fee is proportional to the size of the player’s signing bonus. As Sasaki’s bonus was capped at a few million dollars, the Marines were limited to 20% of whatever he received.

It comes out to a $7.8MM investment to land Japan’s most talented pitcher. The Dodgers have signed arguably NPB’s best pitcher in consecutive offseasons. They’ll have Sasaki for the standard six-year window of team control associated with the promotion of any prospect. He’ll be slated for salaries around the league minimum for the next three seasons. He’d then go through three years of the arbitration process. MLB rules prohibit the Dodgers and Sasaki from reaching any kind of understanding regarding a contract extension to circumvent the bonus pool limits. While there’s no official cutoff for when the Dodgers could look to extend Sasaki, they cannot have any sort of unofficial long-term deal in the works right now.

The Dodgers opened this signing period tied with the Giants for the lowest bonus pool. They had $5.1462MM to spend on international amateurs on January 15. The Dodgers allowed a few of their verbal agreements with teenage prospects to lapse to keep open funds for Sasaki. They added to their pool by dealing minor league outfielder Dylan Campbell to the Phillies and sending outfield prospect Arnaldo Lantigua to Cincinnati tonight. Their precise bonus allotment isn’t known, but Sasaki will take the vast majority of the pool. That’s a trade every team would happily make for a potential plug-and-play ace.

It’s a brutal blow for fans of the other two finalists. The Padres found out this morning that they were out of the mix. They have multiple holes in their rotation and now face an even tougher challenge in the NL West. The Blue Jays finish as the runner-up on yet another marquee free agent talent. Toronto has lost out on Ohtani, Juan Soto, Corbin Burnes and Sasaki (among others) within the past two offseasons alone.

Jack Harris of the Los Angeles Times first reported the signing bonus. Image courtesy of USA Today Sports.

Ichiro, CC Sabathia, Billy Wagner Elected To Hall Of Fame

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The Hall of Fame announced the results of this year’s Baseball Writers Association of America voting. Ichiro, CC Sabathia and Billy Wagner topped the 75% threshold for induction. They’ll join Dick Allen and Dave Parker in the 2025 class. Allen and Parker were elected by the Classic Baseball Era committee at the Winter Meetings. Ichiro appeared on 99.7% of the ballots, falling one vote shy of unanimity.

Two of the three inductees, Ichiro and Sabathia, get into Cooperstown on their first year. Wagner gets in on his 10th and final opportunity. He’d fallen just a percentage point shy last winter and jumped beyond an 82% vote share with the writers having their last chance to elect him.

Ichiro starred in his home country before making the move to the big leagues during the 2000-01 offseason. He signed a three-year deal with the Mariners and immediately became one of the best players in franchise history. Ichiro led the majors with 242 hits and 56 stolen bases. He hit .350 to win the AL batting title at the top of a loaded Seattle lineup. The ’01 Mariners won 116 games and remain the greatest regular season team in MLB history. They lost a five-game Championship Series to the Yankees.

That was one of the best debut seasons ever. Ichiro was an All-Star and won a Silver Slugger and Gold Glove award in right field. He not only coasted to the Rookie of the Year award but narrowly surpassed Jason Giambi to win the MVP. He joined Fred Lynn as the only rookies to be named the Most Valuable Player.

While that’d be the only time that Ichiro finished top five in MVP balloting, he was the game’s best pure hitter for a decade. He topped 200 hits with an average north of .300 in each of his first 10 seasons. He had arguably his best year in 2004, when he led the majors with a .372 average and tallied a career-high 262 hits. Ichiro was a menace on the bases throughout his prime, topping 30 stolen bases on 10 occasions. He was also the sport’s best defensive right fielder, pairing plus range with an elite arm and twice leading the AL in outfield assists.

An incredibly durable player, Ichiro topped 150 games played in 13 seasons. He led the majors in hits seven times and was selected to the All-Star Game in each of his first 10 years. Ichiro remained an excellent player through his age-36 season. He played all the way until age 45, seeing action with the Yankees and Marlins. Ichiro collected his 3000th career hit while he was playing for Miami, doing it in style with a triple against Colorado’s Chris Rusin at Coors Field. Ichiro returned to Seattle for the end of his career, capping it off in a two-game series between the Mariners and A’s in front of Japanese fans at the Tokyo Dome to kick off the 2019 season.

Ichiro finished his major league career as a .311 hitter who tallied 3089 hits. That’d be a remarkable achievement for any player but is especially impressive for one who spent a few of his prime-aged seasons in NPB and didn’t make his major league debut until he was 27. Ichiro was never a huge power threat in games, though many believe that he could’ve been an impact power bat had he prioritized that over elite pure hitting ability. In any case, he concluded with 117 career homers and stole more than 500 bases. He won 10 Gold Gloves and three Silver Slugger awards.

Sabathia was a first-round pick by the Indians in 1998. He was in the majors within three years of being selected out of high school. He won 17 games during his rookie season and finished as the runner-up behind Ichiro in ’01 Rookie of the Year voting. The southpaw was a durable mid-rotation arm for Cleveland for the first few seasons of his career. He earned consecutive All-Star nods in 2003 and ’04.

While he was on track for a very good major league career, Sabathia didn’t look like a future Hall of Famer. That changed in the second half of the 2000s. Sabathia turned in a 3.22 ERA over 28 starts in 2006. He cemented himself as the game’s top workhorse the following year. Sabathia led the majors with 241 innings across 34 starts in ’07. He topped 200 strikeouts for the first time and turned in a 3.21 ERA while winning 19 games. He earned his third All-Star selection and won the Cy Young. He helped the Indians to the postseason for the first time in six years, though he struggled in two starts in the ALCS as they were knocked off by the Red Sox.

Cleveland wasn’t on a playoff track in 2008. Sabathia was an impending free agent whom the Indians had no expectation of re-signing. They traded him to the Brewers a few weeks before the deadline for a prospect package led by Matt LaPorta. While LaPorta didn’t work out, the unheralded acquisition of Michael Brantley as a “lesser” piece of that deal had a huge impact on Cleveland baseball.

Sabathia’s stint in Milwaukee was brief but could hardly have gone better. The southpaw had a legendary second half, winning 11 games with a 1.65 ERA in 17 starts. Sabathia remarkably completed seven of those starts and recorded three shutouts. He more or less carried Milwaukee to a 90-win season and a Wild Card berth, though they were bounced by the eventual champion Phillies in the Division Series. Sabathia finished that year with a career-high 253 innings and 251 strikeouts with a 2.70 earned run average. He finished fifth in NL Cy Young voting even though he spent half the season in the American League.

The following offseason, Sabathia signed with the Yankees on a seven-year, $161MM megadeal. He tossed 230 innings of 3.37 ERA ball and won an MLB-best 19 games in his first season. He followed up with a 1.98 ERA across five postseason starts, winning the ALCS MVP award while helping the Yanks to their 27th World Series title. Sabathia would respectively win 21 and 19 games over the next two years, topping 230 innings with a low-3.00s ERA in both. He finished in the top four in Cy Young voting in each of his first three seasons in pinstripes.

He earned his final All-Star nod in 2012 and reached 200 innings for the last time in ’13. Sabathia remained in the Bronx on a series of short-term deals after the expiration of his first free agent contract. He was a capable back-end starter until his retirement in 2019. Sabathia finished his career with nearly 3600 innings over parts of 19 seasons. He posted a 3.74 ERA, won 251 games, and recorded more than 3000 strikeouts. His 3093 punchouts rank 18th on the all-time leaderboard.

Wagner is the ninth primary reliever to earn the call from Cooperstown. A first-round pick of the Astros in 1993, he would spend the majority of his career in Houston. Wagner debuted in ’95 and earned his first handful of saves the following year. He was Houston’s full-time closer by ’97, when he saved 23 games with a 2.85 ERA over 66 1/3 innings.

The hard-throwing lefty reached 30 saves for the first time in his career the ensuing season. He followed up with a sterling 1.57 ERA while striking out 124 hitters across 74 2/3 frames in 1999. Wagner picked up 39 saves, earned his first All-Star nod, and landed fourth in Cy Young voting. He was named MLB’s best reliever that season.

He struggled in 2000 but rebounded with a dominant three-season stretch to close his Astros tenure. Wagner topped 60 innings with at least 35 saves while allowing an ERA of 2.73 or better in each season between 2001-03. He was selected to two more All-Star Games over that stretch. Wagner had arguably his best year in ’03. He led the majors with 67 games finished while turning in a 1.78 earned run average. Wagner struck out 105 batters — one of four career seasons in which he topped the century mark — while throwing a career-best 86 innings.

The Astros traded Wagner to Philadelphia over the 2003-04 offseason. While his first season with the Phillies was shortened by injury, he posted a 1.51 ERA with 38 saves across 77 2/3 innings in ’05. He inked a four-year free agent deal with the Mets the following offseason. Wagner earned two more All-Star selections while posting a cumulative 2.37 ERA over three and a half seasons in Queens. He had a strong month in Boston after an August ’09 trade.

Wagner returned to free agency and signed a one-year contract with the Braves. He finished his career in style, posting a 1.43 ERA with 37 saves across 69 1/3 innings at age 38. Wagner punched out 104 hitters en route to his seventh and final All-Star nod. He finished his career with a 2.31 ERA over 903 innings. Wagner recorded nearly 1200 strikeouts and ranks eighth all-time with 422 saves. He struck out a massive 33.2% of opposing hitters over a career spanning parts of 16 seasons.

Opponents of his Hall of Fame case have pointed to his lack of a postseason track record. Wagner indeed struggled in October, allowing 13 runs in 11 2/3 playoff innings over seven seasons. That’s an extremely small sample, though, and his regular season performance was remarkably consistent despite the volatility of most relief pitchers. Wagner had a sub-3.00 ERA in all but one season and reached 30 saves on nine occasions.

Carlos Beltrán and Andruw Jones find themselves within shouting distance of induction. Beltrán appeared on 70.3% of ballots in his third year of eligibility. That’s a marked jump from last year’s approximate 57% vote share, giving him a solid chance at election next offseason. Jones appeared on 66.2% of ballots, up around five points from last winter. He has two more seasons of eligibility.

No one else received a vote share of 40% or higher. Aside from Ichiro and Sabathia, the only first-time candidates who reached the 5% cutoff necessary to stay on the ballot were Félix Hernández (20.6%) and Dustin Pedroia (11.9%). Wagner was the only person in his final year of eligibility. No returning candidates dropped below a 5% vote share, so the only players who fell off the ballot were the first-time candidates who received minimal support.

The big question of next year’s class is whether Beltrán and (less likely) Jones will be elected. Manny Ramírez will be entering his final year of eligibility and is likely to drop off the ballot after receiving around 34% of the vote this year. Cole Hamels leads the crop of first-ballot players in what’ll likely be a smaller class than this year’s group of inductees.

Full voting breakdown available via the BBWAA. Images courtesy of USA Today Sports.

White Sox Sign Martín Pérez

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January 21: The deal has now been officially announced by the White Sox.

January 8: The White Sox and left-hander Martín Pérez are in agreement on a deal, reports Robert Murray of FanSided. It’s a one-year, $5MM deal, per José F. Rivera of ESPN. That comes in the form of a $3.5MM salary and a $1.5MM buyout on a $10MM mutual option for 2026, per Jon Heyman of The New York Post. The deal is pending a physical for the Octagon client. The Sox have a full 40-man roster and will need to make a corresponding move once this deal becomes official. Their Josh Rojas deal is also still not official, so the club now needs to open two spots.

Pérez, 34 in April, is a soft-tossing veteran innings eater. He split last year between the Pirates and Padres, making 26 starts and logging 135 frames. He allowed 4.53 earned runs per nine innings, striking out 18.1% of batters faced, issuing walks at an 8.3% clip and getting grounders on 44.4% of balls in play. He averaged 91.3 miles per hour with his four-seam fastball.

Those stats are pretty close to his career numbers. Dating back to his 2012 debut, he has thrown 1,575 2/3 innings with a 4.44 ERA, 16.2% strikeout rate, 8.3% walk rate and 48.7% ground ball rate. His fastball velocity was naturally higher when he was younger, but not by much. His highest four-seam velocity in a season was 94.2 mph, back in 2019.

He did end the 2024 season on a high note. He posted a 5.20 ERA with the Bucs before being traded to the Padres at the deadline, then went on to allow 3.46 earned runs per nine after the deal. His 20.3% strikeout rate after the trade was a few ticks higher than the 16.9% rate he had with Pittsburgh. He changed up his pitch mix a bit, throwing more changeups and curveballs with the Friars, while reducing his usage of cutters and sliders.

That’s somewhat encouraging but Pérez has previously flashed better results without sustaining them. He posted a 2.89 ERA over 32 starts for the Rangers in 2022, which prompted Texas to issue him a $19.65MM qualifying offer for 2023. The southpaw accepted that but then his ERA normalized to 4.45 that year. As mentioned, he held pretty steady in 2024, with a 4.53 ERA.

It’s not the most exciting profile but he’s a sensible fit for the South Side of Chicago. The White Sox had a poor rotation last year and it’s in worse shape now. They traded Erick Fedde to the Cardinals and the deadline and then flipped Garrett Crochet to the Red Sox last month. Chris Flexen reached free agency at season’s end. That means that Jonathan Cannon is the only guy still on the roster who made more than ten starts for the Sox last year.

Pérez has made at least 26 appearances in five straight full seasons. in 2024, he went on the injured list due to a left groin muscle strain but was back in less than a month. That was his most significant IL stint since 2018. While no pitcher is guaranteed to stay healthy, Pérez is perhaps one of the safer bets to take the ball when it’s his turn, even if the results are more passable than outstanding.

Given the uncertainty in the club’s rotation, it’s a logical pick up. The Sox also added Bryse Wilson earlier this offseason, another move designed to bolster a group fairly lacking in experience. The final three spots are up for grabs, with Cannon, Davis Martin, Sean Burke, Drew Thorpe, Nick Nastrini, Jairo Iriarte, Jake Eder, Wikelman Gonzalez, Ky Bush and Juan Carela around to battle for opportunities. Prospects Noah Schultz and Hagen Smith aren’t yet on the roster but could push into the mix during the season.

Apart from Pérez and Wilson, no one in that cluster of rotation options has even one year of major league service time. The Sox can use Pérez as a veteran anchor, at least for a few months. If he’s pitching well, he could be flipped to a contending club at the deadline, just as he was last year. That would then open up second-half starts for whichever young pitcher has earned them.

Dodgers, Kirby Yates Reportedly Reach “Tentative” Agreement

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10:55am: There’s nothing official in place yet, per reports from Jack Harris of the L.A. Times and Ken Rosenthal and Fabian Ardaya of The Athletic (among others). Harris writes that the two parties are “working toward a deal,” while The Athletic indicates “serious” negotiations are taking place. There could simply be semantics at play. Nightengale’s initial report plainly stated that a physical still needs to take place, so there’s never been firm indication of a final deal yet. A physical for a 38-year-old pitcher with Yates’ injury history isn’t necessarily a layup, but that seems to be the stage they’ve reached. If all goes well, a deal would be announced in the next few days.

9:52am: The Dodgers and reliever Kirby Yates have reached a “tentative” agreement, reports Bob Nightengale of USA Today. The contract is pending completion of a physical. Yates, a client of the Beverly Hills Sports Council, would be the second high-profile bullpen addition for the Dodgers in recent days; they also inked Tanner Scott to a four-year, $72MM deal over the weekend. If the physical goes well and the deal is indeed finalized, L.A. will need to make a corresponding transaction to remove someone from the 40-man roster.

It’s the latest strike in an offseason spending blitz that has seen the Dodgers make free agent plays for Scott, Blake Snell, Teoscar Hernandez, Blake Treinen, Michael Conforto and international stars Hyeseong Kim and Roki Sasaki. Those additions come as Los Angeles looks to become the first repeat World Series champion since the Yankees’ threepeat back in 1998-2000.

Manager Dave Roberts’ bullpen has been completely remade over the past six months, beginning with the deadline acquisition of Michael Kopech. In late July, closer Evan Phillips was struggling at the time of that Kopech acquisition, and much of the bullpen was in a state of flux. Since then, the Dodgers have acquired Kopech, activated Treinen from the injured list (and, this offseason, re-signed him to a two-year deal) and now signed both Scott and Yates in free agency. A late-inning contingent of Scott, Yates, Kopech, Phillips and Treinen is very arguably the most talented quintet of any team in baseball.

It should be noted, however, that Nightengale suggests the Dodgers recently learned of an injury to Kopech that could cost him at least a month of the season. Details on said injury have yet to surface, but that revelation likely played a part in the team’s decision to close an agreement with Yates.

Yates himself isn’t without risk. He’ll turn 38 in March, and he pitched all of 11 major league innings from 2020-22 due to injuries (Tommy John surgery, most notably). The veteran closer returned with a healthy but shaky season for the 2023 Braves, logging a sharp 3.28 ERA in 60 1/3 innings but also walking nearly 15% of his opponents. He improved across the board with the 2024 Rangers, firing 61 2/3 innings of 1.17 ERA ball with a gargantuan 35.9% strikeout rate. His 11.8% walk rate was still noticeably higher than the 8.2% league average but a substantial improvement over his 2023 campaign nonetheless.

Yates ranked second among all free agent relievers in strikeout rate last year, trailing only Aroldis Chapman. He paced all qualified free agent relievers in ERA and ranked seventh or better in SIERA (2.85), K-BB% (24.1) and swinging-strike rate (15.2%). No qualified free agent reliever missed bats within the strike zone as much as Yates; his opponents’ 74.3% contact rate on pitches in the strike zone sat at the top of this year’s free agent class and sat as the third-best mark in all of baseball for pitchers with at least 60 innings pitched, trailing only Josh Hader and Mason Miller.

Dating back to his breakout with the 2018 Padres, Yates has consistently been outstanding when healthy enough to take the hill. He’s pitched 257 innings in that time and boasts a 2.21 ERA, 35.5% strikeout rate, 10% walk rate and 15.2% swinging-strike rate. He’s leaned on a lethal four-seamer and splitter pairing that’s helped him miss bats in droves while piling up 93 saves and 30 holds in 262 appearances on the mound.

The Dodgers are already well into the fourth and final tier of luxury penalization. Any dollars allocated to Yates will come with a 110% tax, as was the case with Scott. RosterResource already projects the team’s luxury tax ledger to sit at a staggering $371MM; the addition of Yates could push their CBT number close to $400MM. The Dodgers were already set to owe around $108MM in overage taxes before the signing of Yates; presuming he gets an eight-figure salary, they’ll very likely owe more than $120MM in taxes alone.

Blue Jays Sign Anthony Santander

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The Blue Jays finally have a big splash, plucking a slugger from a division rival. The Jays officially announced the signing of star outfielder Anthony Santander to a five-year contract. The Beverly Hills Sports Council client is reportedly guaranteed $92.5MM, though heavy deferrals drop the net present value. For luxury tax purposes, the contract reportedly comes with an average annual value around $14MM — suggesting MLB calculates the net present value closer to $70MM. Santander can opt out after the third year, though the club will have the ability to override that by picking up an option for 2030. That has a base value of $15MM and contains a $5MM buyout.

The option and various escalators could tack on another $17.5MM over that sixth season. The deal is frontloaded and contains upwards of $35MM in deferrals, which can push beyond $50MM depending on the opt-out/option result. Toronto designated lefty Brandon Eisert for assignment to create a 40-man roster spot.

Santander, 30, has established himself as one of the better power bats in the league in recent years. That included a huge 44-homer tally in 2024. That was his personal best but it was also his sixth straight season in double digits and third straight with at least 28 long balls.

Earlier in his career, he undercut that power production somewhat with more tepid results in terms of batting average and drawing walks, though he has been better at drawing free passes over the past three years. From 2019 to 2021, he hit 49 homers in 240 games but only had a 5.2% walk rate. That led to a .252/.295/.474 batting line and 100 wRC+, indicating his strengths and weaknesses evened out to league average production on the whole.

For the 2022 to 2024 seasons, Santander improved his walk rate by a few ticks, finishing between 8.4% and 8.7% in each of those. That’s roughly league average, with all MLB hitters walking at an 8.2% clip last year. He added those walks without sacrificing his power, putting the ball over the wall 105 times, which made for a productive combination. He had a combined line of .244/.317/.478 for those three campaigns, which translated to a 124 wRC+.

Apart from those home runs, Santander’s contributions have been fairly limited. As mentioned, the on-base abilities have been subpar overall, though fairly decent in the past three years. He’s not a burner on the basepaths, having only once stolen more than two bases in a season. His outfield defense has generally been graded as a bit below league average. He has a career tally of -3 Defensive Runs Saved in over 5,000 outfield innings, with Outs Above Average having him at -13.

Though he’s not the most well-rounded player, he’s a strong fit for the Blue Jays for multiple reasons. The club’s offense was actually around league average last year, though with far better on-base ability than power production. As a team, the Jays slashed .241/.313/.389 for a 101 wRC+, tied for 13th in the league. Their 8.4% walk rate was actually one of the better marks, tied for seventh among the 30 MLB clubs. But they only hit 156 home runs, with just the Marlins, Rays, Nationals and White Sox below them. Vladimir Guerrero Jr. was the only guy on the team to reach the 20-homer plateau.

On top of that, Santander is a switch-hitter, with the Jays having been more right-leaning in recent years. Guerrero, Bo Bichette, George Springer and Alejandro Kirk all project for regular roles next year and each is right-handed. Ernie Clement, Davis Schneider, Leo Jiménez and Orelvis Martínez are also righties who could earn spots on the team. The Jays do have a few lefties, with Daulton Varsho, Andrés Giménez, Will Wagner and Joey Loperfido among them, though there are question marks there. Varsho and Giménez have been more glove-first players while Wagner and Loperfido are still lacking in big league experience. Santander’s splits have been fairly close to neutral in his career. He has hit .252/.320/.467 for a 116 wRC+ against lefties, .243/.302/.470 for a 111 wRC+ against righties.

The defensive hit from rostering Santander is also perhaps not a huge deal for Toronto. The Jays, as a team, led the league with 102 DRS last year. Their 26 OAA tally was fourth in the league. Sacrificing a bit of defensive value for the big power bat they need is a sensible tradeoff for them. They also don’t have a regular designated hitter and can perhaps keep Santander in that slot with some regularity. Justin Turner took most of the club’s DH plate appearances in 2024 before being traded to the Mariners at the deadline.

Beyond the on-field fit, the Jays have clearly been looking for a big offseason W for quite some time. The past year-plus has seen them make strong pursuits of marquee players, such as Shohei Ohtani, Juan Soto, Roki Sasaki, Max Fried and Corbin Burnes, but with the Jays coming up just short in all of those.

After missing on Ohtani last winter, the Jays pivoted to modest moves, re-signing Kevin Kiermaier as well as adding Turner, Isiah Kiner-Falefa and Yariel Rodríguez. No one in that group got a guarantee larger than $32MM. The 2024 season then went on to be a massive disappointment, with the Jays engineering a midseason selloff and finishing at 74-88. They seemed to come into this winter looking to mollify a disgruntled fan base but the near misses on Soto, Sasaki, Fried and Burnes only appeared to make things worse. Whether Santander is a true star is subjective, though this signing will be Toronto’s biggest since they signed Kevin Gausman three years ago.

One silver lining of the 2024 season falling apart for the Jays was that their midseason selling dipped them below the competitive balance tax, which lowered their penalties for signing a player who rejected a qualifying offer. That is the case here, as the Orioles extended a QO to Santander, which he naturally rejected. Had the Jays paid the tax in 2024, they would have forfeited $1MM of international bonus pool space by signing Santander, in addition to surrendering their second- and fifth-best picks in the draft. By ducking under the tax, the penalty is just $500K of 2026 pool space and only their second-best pick. Since Santander is guaranteed more than $50MM on this deal, the O’s will receive a compensation pick after the first round of this summer’s draft.

Coming into the offseason, MLBTR predicted that Santander could secure a four-year, $80MM pact. He seemed to have plenty of interest, with the Jays connected to him early on. Clubs like the Red Sox, Tigers, Yankees and Angels were also rumored to be interested at various times. Santander and his reps reportedly tried to parlay that interest into a five-year deal and/or a $100MM guarantee in December, per Jon Heyman of The New York Post. But he lingered unsigned into the new year and reportedly had some openness to considering a shorter pact.

In the end, he has gotten his five years, though at a lesser average annual value than he was seeking. The sticker price of $92.5MM over five years leads to an $18.5MM AAV, but the deferrals reduce that by a decent amount. The opt-out gives him a chance at some more future earnings, though the Jays could pick up the option and effectively make it $110MM over six years.

Using the pre-deferral $18.5MM AAV, RosterResource projects the club for a $237MM payroll and $263MM CBT calculation for this year. The club opened with a payroll of $225MM last year, per Cot’s Baseball Contracts, so they’re already beyond that. President Mark Shapiro previously suggested that he didn’t expect the club’s spending to drastically change compared to last year, perhaps suggesting there’s not much room left in the budget now. Though Scott Mitchell of TSN suggests that signing Pete Alonso is still a possibility for the Jays even after getting Santander, seemingly indicating otherwise. The club also reportedly has some interest in starting pitching upgrades and has been working to bolster the bullpen all winter. The CBT number is already beyond this year’s $261MM second tier, though the club will be a “first-time” payor on account of ducking under last year.

Perhaps the Jays will make some more additions, such as bringing in Alonso. Such a move would force him and Guerrero to share first base and the DH slot, thus pushing Santander into being an everyday outfielder. If that comes to pass, he would surely be in one corner with Springer in the other. Varsho will be the club’s regular center fielder once he’s healthy. Guys like Loperfido, Nathan Lukes, Myles Straw, Jonatan Clase and Alan Roden will either be options for depth roles or bench jobs. If Santander is able to serve as the DH more regularly, that could perhaps open more outfield playing time for those others.

For the clubs that missed on Santander, the outfield market is fairly thinned out. In addition to Santander, guys like Soto, Teoscar Hernández, Michael Conforto and Tyler O’Neill have come off the board. Jurickson Profar now stands alone as the top unsigned option, so perhaps his market will now pick up. Guys like Randal Grichuk, Harrison Bader, Mark Canha and others are also available.

Jon Morosi of MLB Network first reported that Santander and the Jays were in agreement, pending a physical. Ben Nicholson Smith and Shi Davidi of Sportsnet later reported that the physical was complete. Ari Alexander of KPRC 2 first reported the five-year length, the opt-out/club option override, the signing bonus, the $92.5MM guarantee and the possibility to get to $110MM. Ken Rosenthal of The Athletic first reported that the opt-out is after 2027. Nicholson-Smith reported the frontloaded nature, as well as the approximate $14MM CBT value. Alexander reported that more than $35MM was deferred.

Athletics Sign José Leclerc

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The Athletics announced that they have signed right-hander José Leclerc to a one-year deal. It’s reportedly a $10MM guarantee for the former Ranger. Fellow righty Will Klein has been designated for assignment to open a roster spot.

Leclerc, 31, jumps across the American League West. He had spent his entire career with the Rangers up until now. During his time in Texas, he has shown flashes of excellence as a reliever. In general, his career has been defined by a strong ability to get strikeouts but also some poor control.

Overall, he has 360 1/3 innings under his belt to this point, having allowed 3.27 earned runs per nine. His 31.2% strikeout rate is a very strong number but his 13.2% walk rate is much higher than average.

That lack of control has made his performance somewhat inconsistent. He was once the primary closer for the Rangers, having earned 12 saves in 2018 and 14 more the year after. But he missed essentially all of the next two seasons. A right teres muscle tear limited him to just two appearances during the shortened 2020 season. He then required Tommy John surgery in March of 2021, which wiped out that whole year.

Since coming back, he hasn’t been able to retake the closer’s role, with just 12 saves over the past three years combined. However, his control has actually been better lately, at least relative to his own previous performance. He had a 14.9% walk rate as of his Tommy John surgery. Since coming back, he has only walked 11.3% of batters faced. That’s still a high number, as league average is usually in the 8-9% range, but it was a noticeable improvement.

From the start of the 2022 season to the present, he has a 3.36 ERA, 29.2% strikeout rate and, as mentioned, an 11.3% walk rate. His 3.60 FIP and 3.58 SIERA are marginally higher than his ERA, likely because his .271 batting average on balls in play and 76.5% strand rate are a bit on the fortunate side. He also formed a notable portion of the Texas relief corps during their World Series run, tossing 13 2/3 innings with a 3.29 ERA during the 2023 postseason.

His ERA did jump to 4.32 in 2024, but that doesn’t seem to have been his fault. His .314 BABIP was actually on the high side last year. His 30.9% strikeout rate and 11.1% walk rate were pretty close to what he has done before. His 3.48 FIP and 3.26 SIERA both suggest he was pretty similar to the guy he was going into the year.

In addition to the strikeouts, Leclerc has often been good at avoiding damage. Statcast had his hard hit rate at 30.7% last year, which placed him in the 96th percentile of qualified pitchers. That was actually above his career rate of 29.3%. His 87.4 mile per hour average exit velocity was in the 84th percentile last year. Again, his career average of 86.4 mph is even better. The pitch velocity on his four-seam fastball and sinker both averaged around 95 miles per hour, while he also mixed in a slider, cutter and changeup.

It’s an interesting buy-low move for the A’s, since they are grabbing Leclerc after a rough year in the ERA department, but with encouraging numbers under the hood. They already have one of the best closers in the league in Mason Miller, so they can use Leclerc in a setup capacity.

The club has been surprisingly aggressive this winter in bolstering the roster. They gave a big deal to sign free agent right-hander Luis Severino, acquired lefty Jeffrey Springs from the Rays and signed outfielder/designated hitter Brent Rooker to a five-year extension.

Cynically, this likely has a lot to do with the club having to spend its revenue-sharing money in order to avoid a grievance from the MLBPA, but they are making some notable improvements nonetheless. The team went 32-32 in the second half of 2024 after graduating a lot of young talent to the majors, so it’s not impossible for them to be a surprise contender in 2025, especially with their new additions. Though if that doesn’t come to pass and they are still shy of contention, Leclerc could then be traded prior to the summer deadline as long as he’s having a strong year, since he’s only on a one-year deal.

Leclerc’s pact takes the club’s payroll to $74MM and their competitive balance tax number to $106MM, per the calculations of RosterResource. Reporting has indicated the club needs a CBT number of $105MM to avoid that grievance, but a final CBT calculation doesn’t come until the end of the year. The A’s might want to push it a bit further, just in case they end up trading players like Leclerc at the deadline and knocking that number down. Otherwise, their deadline dealings would have to be fairly revenue neutral.

Klein, 25, was one of three players that the A’s just acquired from the Royals in the Lucas Erceg trade at last year’s deadline. He didn’t have much big league experience prior to the deal and the A’s mostly kept him on optional assignment. He currently has 7 2/3 innings of MLB experience with nine earned runs allowed.

That’s obviously not a huge sample size and the A’s surely acquired Klein based on his larger sample of work in the minors. His numbers on the farm are vaguely Leclerc-esque, since he has been able to get strikeouts but has also given out plenty of walks. He has 221 1/3 minor league frames under his belt with a 5.16 ERA, 30.4% strikeout rate and 16.2% walk rate.

The punchouts are attractive but even those faded in 2024. He tossed 43 Triple-A innings on the year between the two organizations, with a 22.4% strikeout rate and the walk rate still up at 16.7%. The 3.77 ERA wasn’t bad but a .234 BABIP and 75.4% strand rate surely helped him there, which is why he had a 5.42 FIP.

The Erceg deal was considered light by many observers at the time. It can often be difficult to grade a trade so soon after it’s consummated but it doesn’t bode well for the A’s that they are now potentially moving on from one of the three players they got in return.

They will now have a week to figure out Klein’s fate, whether that’s a trade or something on the waiver wire. The waiver process takes 48 hours, so that leaves five days for trade talks. He still has a couple of option years left, meaning any acquiring club could potentially keep him in the minors until he shows improved control.

Jon Heyman of The New York Post first reported the $10MM guarantee.

Blue Jays Remain In Talks With Anthony Santander

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The Blue Jays have been tied to Anthony Santander as much as any team in recent weeks. While there’s still no agreement in place, Shi Davidi and Ben Nicholson-Smith of Sportsnet report that the Jays’ talks with the free agent slugger “picked up” this morning.

Toronto is reeling from another near-miss on a top free agent. Their talks with Roki Sasaki were never linked to the possibility of a Santander move. Sasaki’s hard-capped bonus meant that his decision would not have impacted the Jays’ big league payroll. Still, his decision to sign with the Dodgers leaves the Jays without a headlining free agent acquisition this winter. Their big splash on the open market was the three-year, $33MM deal for reliever Jeff Hoffman. Toronto’s most significant move has come via trade, as they took on the remaining five years of the Andrés Giménez contract from the Guardians.

Giménez is a defensive stalwart at second base, but he doesn’t provide a huge boost offensively. The Jays sorely need a power bat, in particular. They were in the bottom five of MLB in home runs last season. Their .389 team slugging percentage was 20th. Vladimir Guerrero Jr. hit 30 home runs; no one else on the team had more than 19 longballs. They’re only returning three hitters who slugged over .400: Guerrero, Ernie Clement and Daulton Varsho. Clement is generally a light-hitting utilityman, while Varsho is expected to open the season on the injured list after undergoing rotator cuff surgery in September.

The switch-hitting Santander has four 20-homer seasons under his belt. He has connected on at least 28 longballs in each of the last three years, including a personal-high 44 last season. Santander hit .235/.308/.506 across 665 plate appearances in his walk year for the Orioles. Only Aaron Judge and Shohei Ohtani had more home runs a season ago.

Toronto has also been linked to Pete Alonso in recent days. Alonso is the only other unsigned free agent who rivals or tops Santander’s power. The latter is a cleaner positional fit. While Alonso would either need to serve as a designated hitter or force the Jays to move Guerrero to third base fairly frequently, Santander would slot into the corner outfield. The Jays don’t have a clear starter in left field. George Springer is expected to play right field, but he’s 35 years old and coming off a mediocre season (.220/.303/.371).

The Jays reportedly had an offer out to Santander a couple weeks ago. Clearly, that didn’t meet his asking price at the time. The Athletic reported last week that he may now be open to a shorter-term contract at higher annual values. Earlier in the offseason, Santander was reportedly seeking five years and a deal at or above $100MM.

Mets Re-Sign Jesse Winker

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The Mets officially announced that they’ve re-signed Jesse Winker on a one-year deal. The Excel Sports Management client is reportedly guaranteed $7.5MM (including a $1MM signing bonus) and can earn an additional $1.5MM via incentives.

Winker, 31, began the 2024 season with the Nationals. He’d signed a minor league deal after a pair of injury-ruined seasons that saw him undergo both knee and spinal surgeries in the 2022-23 offseason. The injuries that necessitated those surgeries in 2022 contributed to a bleak .219/.344/.344 showing with the Mariners that season, and the lingering effects likely played a role in his tepid .199/.320/.247 showing with the 2023 Brewers.

The 2024 campaign seemingly saw Winker back to full health. He hit .257/.374/.419 in 379 plate appearances with Washington before going to Queens in a deadline trade that sent minor league righty Tyler Stuart back to the Nats. Winker batted a diminished but respectable .243/.318/.365 in 129 turns at the plate down the stretch before catching fire with a .318/.531/.636 slash in 32 October plate appearances.

Winker figures to see the bulk of time at designated hitter for the Mets, who have Brandon Nimmo and Juan Soto locked into the outfield corners. Jose Siri, Tyrone Taylor and Starling Marte are also in the outfield mix, with Marte also likely to see time at DH if he’s not traded. The Mets have been exploring potential deals for Marte, who’s owed $19.5MM in the final season of a four-year contract, to no avail.

Winker could see some occasional time in the outfield as well, of course, and he’s likely to be platooned regardless of the role he occupies. He’s a career .276/.379/.463 hitter against righties but just a .210/.324/.338 hitter against fellow southpaws. Winker can work a walk against left-handers, but nearly all of his power comes in advantageous platoon matchups.

The broader and more impactful takeaway from Winker’s reunion with the Mets is that it could spell the end of Pete Alonso’s time with the club. The Winker agreement is reportedly the beginning of a pivot away from Alonso, whom the Mets feel is likelier to sign elsewhere than in Queens. Their plan moving forward appears to be to spread that would-be Alonso money around to different targets, the first of which is Winker.

With that in mind, it’s possible the Mets could look to external options at first base, but a good portion of that market has been picked over. Sticking in-house, Mark Vientos would likely move from third base to first base, opening the hot corner for a competition between Brett Baty, Ronny Mauricio and Luisangel Acuña. There are more options at third base on the market than at first base — Alex Bregman, a Nolan Arenado trade — but it’s hard to square the idea that the Mets would balk at a long-term deal for Alonso and then make a sizable commitment to older infielders like Bregman (still seeking a long-term deal) or Arenado (34 and owed $64MM over the next three seasons).

The addition of Winker pushes the Mets’ payroll to about $287MM, per RosterResource. Their cash payroll is actually a slight bit higher than their luxury tax ledger, as the Mets’ long-term deals with Edwin Diaz and Kodai Senga are a bit front-loaded and carry 2025 salaries that are higher than the contracts’ respective annual values. New York currently sits about $17MM shy of the top $301MM luxury tier. They’ll pay a 95% tax on any dollars spent up to $301MM and then a 110% tax on any dollars thereafter. Because they’re now exceeding the $241MM threshold by more than $40MM, their top pick in the 2026 draft will drop by ten places (barring additional moves to duck down into and remain in the second penalty tier).

SNY’s Andy Martino first reported that the Mets and Winker had an agreement. Jon Heyman of the New York Post reported it was a one-year deal with a guarantee around $8MM and a $1MM signing bonus. The Post’s Joel Sherman had the $7.5MM guarantee and the $1.5MM in bonuses.

Blue Jays Acquire Myles Straw, International Bonus Pool Space From Guardians

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The Blue Jays announced that they have acquired outfielder Myles Straw, cash, and some 2025 international bonus pool space from the Guardians, while Cleveland receives a player to be named later or cash in return. Toronto will be receiving $2MM of international pool space, while the team will take on $11MM of the $14.75MM remaining on Straw’s contract through the 2026 season. The Guards will pay the Jays $1MM in 2025, $1MM in 2026, and then $1.75MM at the end of the 2026 season, likely earmarked to cover the $1.75MM buyout of Straw’s $8MM club option for the 2027 season.

With the international pool space, it’s fair to wonder about the Jays and their connection to Japanese right-hander Roki Sasaki. He has to choose his next club in less than a week and is subject to the international bonus pool signing rules. It has been reported that the Jays are one of three finalists for his services, alongside the Dodgers and Padres. Nicholson-Smith and Davidi both caution that this deal does not mean Sasaki has made a decision, rather that the Jays are being prepared for the possibility of Sasaki choosing them. It’s possible that the Padres view themselves as now out of the running, as they have reportedly started finalizing deals with other international amateurs, something they had put on hold while waiting for more info.

Unlike most free agents, Sasaki isn’t going to sign with the club that can offer him the most money. Since he is coming over to North America prior to his 25th birthday, having recently turned 23, he is considered an amateur under MLB’s rules. As such, he is subject to the league’s bonus pool system. Under this system, each team gets a set amount of money to spend on international amateurs each year. As laid out by Ben Badler of Baseball America, the 2025 pools are each between $5-8MM. Broadly speaking, the smaller-market clubs get a bit more than the bigger clubs. A club can also lower its pool amount by signing a player that rejected a qualifying offer.

Teams can trade their bonus pool space with each other, in increments of $250K, but a team can’t increase its initial allotment by more than 60%. As such, Sasaki won’t be able to sign for more than a few million bucks. There will also be a posting fee owed to the Chiba Lotte Marines, his Nippon Professional Baseball club, though that will also be minimal. If money were his primary motivation, he likely would stayed in Japan until he turned 25. That’s what Yoshinobu Yamamoto did, which allowed him to secure a $325MM deal from the Dodgers.

Sasaki is therefore presumably choosing his next clubs based on other factors. He and his agent Joel Wolfe have been fairly cagey about what those factors might be, leaving baseball fans to speculate. It has been suggested that geography, a team’s pitching development reputation and/or long-term competitive outlook are possible factors, though those are mostly guesses.

Though money won’t be the main factor, it’s possible that Sasaki and his reps would like a large bonus, simply out of respect and as a reflection of his status. Sasaki is far more coveted than even the top international amateurs from any other year. The vast majority of signees in the pool system are 16-year-olds from Latin America who are years away from contributing and come with the standard uncertainties that are present with even the best prospects. The best of those guys can sometimes get bonuses of $5MM or more. The Mets gave Elian Peña $5MM this week, the top bonus for an international signing of this year so far.

Sasaki, on the other hand, is viewed as a plug-and-play ace. He already has four years of experience in Japan, having posted a 2.10 earned run average in that time. Though he doesn’t have the ability to ask for Yamamoto money, perhaps he and his reps want to at least get to something in the $6-10MM range so that he at least gets the symbolic victory of being the top bonus of his class.

The Jays started with a pool of $6,261,600. The Dodgers had their pool dropped by $1MM for signing Shohei Ohtani, since he rejected a qualifying offer and they were a competitive balance tax payor in 2023, winding up at $5,146,200. Since the Jays are allowed to increase their pool by 60%, they can theoretically get that number as high as $10,018,560. This deal gets them up to $8,261,600.

In a normal year, all 30 MLB clubs would announced most of their signings on the first day of the international signing period on January 15. That’s because most of these bonuses have been negotiated years in advance. However, Sasaki’s presence has thrown a wrench into the normal operation of things. The Jays, Dodgers and Padres have reportedly been holding off on finalizing their international signings as they await Sasaki’s decision. His posting window closes January 23, so resolution will have to come soon. As mentioned, the Padres are reportedly going to start finalizing some of their international agreements. That doesn’t mean they are definitely out on Sasaki but is obviously a different approach to what the Jays are doing now.

Time will tell whether this extra pool space can help the Jays at all in signing Sasaki, but it suggests they still view it as a possibility. If Sasaki ends up signing elsewhere, they could perhaps try to trade some of that pool space later or use it in a different way. The Sasaki situation has also thrown a few other things into disarray, as a few prospects that were committed to the Dodgers ultimately pivoted to sign elsewhere, not wanting to wait around. Darell Morel, Oscar Patiño and Teilon Serrano each walked away from the Dodgers to sign with the Pirates, White Sox and Twins, respectively. As this game of musical chairs plays out, it’s possible that there will be some interesting ways to use pool space, even without Sasaki.

To get that extra pool space, the Jays are taking a dead-money contract off the Guardians’ hands. Straw signed a five-year, $25MM extension with the Guardians in April 2022 that covered the 2022-27 seasons, plus the $8MM club option for 2027 and an $8.5MM club option ($500K buyout) for 2028.

These options are almost sure to be declined since Straw’s performance dropped up almost immediately after he signed the extension. An elite defender and runner, Straw had passable offense for a while but fell off a cliff. Through the end of 2021, he had a .265/.343/.341 batting line and 94 wRC+. But in the past three years, that line has been a dismal .229/.295/.284, which translates to a 67 wRC+. He also hit .240/.321/.329 in Triple-A last year for a wRC+ of 72.

His previous level of offense was still subpar but it made him a useful player when combined with his glovework and baserunning. FanGraphs considered him to be worth 3.0 wins above replacement in 2021, for instance. But the dropoff at the plate made Straw unrosterable, so the Guardians have outrighted him off their 40-man multiple times.

Since Straw has more than three years of service time, he can reject an outright assignment and elect free agency. But since his service clock is still short of five years, heading to the open market would mean forfeiting what’s left of his contract. He wasn’t on their roster at the time of the trade and therefore won’t have a spot with the Jays.

Though it’s mostly a salary dump, it’s possible the Jays could envision a path to Straw helping their big league team. Daulton Varsho is the club’s primary center fielder but he is recovering from shoulder surgery and might miss Opening Day. If that comes to pass, it’s possible Straw could help give the Jays a glove-first cover option until Varsho is ready, perhaps in a fourth outfielder role. Straw’s service time count is currently at four years and 125 days. A new “year” rolls over at 172 days, meaning Straw is 47 shy of the five-year mark. That makes it possible for the Jays to roster Straw for a few weeks and send him back off the roster again, knowing that he will clear waivers and accept an outright assignment.

For the Guardians, this is the second time this offseason that they have dumped a notable contract on the Jays. Just over a month ago, the Guards sent Andrés Giménez and Nick Sandlin to Toronto in exchange for Spencer Horwitz and Nick Mitchell, with Horwitz later flipped to the Pirates. Giménez is still guaranteed $97.5MM over the five years left on his extension.

Between Giménez and Straw, the Guards have sent $113MM of future payroll commitments north of the border. They did lose a useful player in Giménez but likely feel they have plenty of internal infield options to make up for his absence. They also lost Sandlin but they had the best bullpen in the league in 2024 and should have a strong relief corps without him. Straw wasn’t really in their plans. In short, they probably feel like the roster isn’t much worse, with now a great change in their financial picture.

Sacrificing $2MM of pool space will limit what they can do in that arena, but it’s theoretically possible that they can make up for that somewhat with the overall improvement in their ability to spend. Looking at the RosterResource page, they now have very few commitments apart from the José Ramírez deal.

Whether they will actually use that to upgrade the major league team or not is a fair question. The club’s broadcast deal with Diamond Sports Group, now known as Main Street Sports, has fallen apart. The Guards are now set to go into 2025 with MLB handling their broadcasts, which will almost certainly lead to less revenue coming in. On the other hand, they just engineered a surprise division win in 2024 and could have put some extra playoff revenue in the bank. RosterResource currently projects them for a payroll of about $91MM this year, which is a bit below the $98MM Opening Day figure that Cot’s Baseball Contracts gave them a year ago.

For the Jays, the Straw deal nudges their payroll up but only slightly. They reportedly made a strong offer to Corbin Burnes a few weeks ago, which was likely north of $30MM annually. He ultimately signed with the Diamondbacks for $210MM over six years, an average annual value of $35MM, though there are deferrals that knock those number down in terms of net present value. Still, the Jays were probably at least in that range. They have since added Jeff Hoffman, a three-year, $33MM deal with an AAV of $11MM. Straw’s deal will add another few million but perhaps there’s still some powder dry. The club has been tied to most of the top free agents still available, including Alex Bregman, Pete Alonso, Jack Flaherty, Anthony Santander and Nick Pivetta.

Sportsnet’s Ben Nicholson-Smith and Shi Davidi (multiple links) reported that the Blue Jays were getting $2MM in pool space, and the $3.75MM figure contributed by the Guardians to Straw’s salary.  The Athletic’s Zack Meisel had the breakdown of how the $3.75MM would be allotted over the course of Straw’s remaining contract.

Mets Reportedly Expect Pete Alonso To Sign Elsewhere

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The Mets and Pete Alonso have been in a staredown for a while but it seems the club is blinking. Andy Martino of SNY reports that they now expect him to sign elsewhere, with today’s agreement with Jesse Winker part of a plan to spread money around to various alternatives. Earlier today, Will Sammon and Ken Rosenthal of The Athletic reported that Alonso’s market was heating up, with the Blue Jays and Mets involved, as well as a third unidentified team.

Alonso and the Mets have clearly had mutual interest in reaching a new deal for a long time, but without the ability to agree on a price point. The club reportedly offered him a seven-year, $158MM extension in the summer of 2023, but a deal didn’t get done. Since then, there have been changes on both sides of the negotiations. The Mets hired David Stearns to replace Billy Eppler atop their baseball operations department in September of 2023, with Alonso then hiring Scott Boras the following month.

During the 2024 season, the sides generally expressed admiration for each other but never seemed to make much effort to get an extension done. Alonso turned down a qualifying offer and became a free agent. Though he was connected to various teams in recent months, he never seemed to get a deal to his liking. Alonso’s camp reportedly pivoted to a short-term deal, pitching the Mets a three-year pact with opt-outs. The Mets seemed to be somewhat amenable to this framework but a gap on the money still prevented a deal from coming together.

In recent weeks, the Mets have also been connected to players like Winker, Anthony Santander, Alex Verdugo, Tanner Scott, Luis Arráez and Tim Hill. They also reportedly offered Teoscar Hernández a two-year deal before he returned to the Dodgers on a three-year pact.

Martino’s report compares the Mets’ current plans to those of the Yankees after missing out on Juan Soto, spreading money around to various players as opposed to one big splash. After Soto went to the Mets, the Yankees gave out deals to Max Fried and Paul Goldschmidt, as well as trading for Devin Williams and Cody Bellinger. They could have done some of those moves in conjunction with Soto but perhaps were more aggressive in those areas since they hadn’t tied up their resources with the one mega deal.

The Winker signing alone doesn’t stop the Mets from bringing back Alonso, as the two coexisted on the roster in 2024, with Alonso the regular at first as Winker spent time in the outfield corners and designated hitter slot. But there has been some reporting that the club wants to use some internal options at the corners. Mark Vientos was the regular third baseman last year and had a breakout year at the plate, but with subpar defensive metrics. He could perhaps move over to first, while the Mets use Brett Baty, Ronny Mauricio and Luisangel Acuña to cover third base.

Perhaps things will change in the coming days but it now seems possible that the Mets are indeed prepared to walk away from Alonso. The earlier reporting from The Athletic indicated the Mets were in talks with various players and didn’t want the stalled Alonso negotiations to get in their way. While Winker doesn’t strictly block the path for Alonso to come back to Queens, it does seem to signal that the Mets are prepared to move on.

If it does indeed come to pass, it will be a surprisingly lackluster end to the Mets-Alonso relationship. He was a homegrown star with some New York roots and come up through the club’s system after being selected in the second round of the 2016 draft. He debuted with a big splash in 2019, hitting 53 home runs and also winning the home run derby. That campaign is now widely viewed as the juiced ball season, but Alonso continued to be a big homer threat in subsequent years.

Alonso now has 226 home runs over the past six seasons, second only to Aaron Judge in that time. He won another derby title in 2021 and was a staple of the club over their recent history, not having played less than 152 games in any full season.

During that time, the Mets went from a punchline to a powerhouse. While they were previously known for having middling budgets and results, Steve Cohen purchased the club ahead of the 2021 season and made them one of the top spenders in the league. They have made the playoffs in two of the past three years, with Alonso playing the hero last year. He hit four home runs in 13 playoff games just a few months ago, including the series-flipping homer off Williams to get the Mets past the Brewers and out of the Wild Card round.

But his star power in the media and general public seemed to outpace his popularity in today’s analytically-inclined front offices. While the home run power has been real, Alonso’s other contributions have been muted. His walk rates have been decent but not outstanding, he’s not a burner on the basepaths and his defense hasn’t been well regarded. His overall offense has also declined. While he hit .261/.349/.535 for a 137 wRC+ through 2022, he slashed just .229/.324/.480 for a 121 wRC+. FanGraphs considered him to be worth 2.1 wins above replacement last year, a solid but not elite number. There were 119 position players who were at 2.2 fWAR or higher last year.

It therefore seemed possible from the start of the offseason that Alonso would find his offers lacking in free agency. As part of MLBTR’s annual Top 50 list, we considered predicting Alonso for a deal along the lines of the three years and $80MM that Bellinger got from the Cubs last year after he lingered in free agency into February. We backed down from that prediction, putting 5/$125MM on Alonso, but it now appears he may well end up getting something like that deal. It just might be somewhere other than Queens.

It’s a bit of a surprising pivot, as the Mets have not been shy about spending since Cohen bought the team. While Stearns was in Milwaukee, he never spent a lot of money on first basemen, but he never had the resources he now has. Despite the deeper bank account, it still seems as though Stearns would prefer to invest in ways he considers wise. The club also didn’t play at the top of the starting pitching market, not signing guys like Fried or Corbin Burnes, instead taking risks on guys like Frankie Montas and Clay Holmes. Montas is coming off a down year while Holmes will be trying to pivot from the bullpen to the rotation.

All this will seemingly leave Alonso looking elsewhere for his next gig, with Toronto one possibility. The Jays already have a first baseman in Vladimir Guerrero Jr. but it doesn’t appear as though the plan would be to trade him. Per the reporting from The Athletic, the plan would be for Guerrero and Alonso to share first base and DH, with Guerrero occasionally crossing the diamond to play third base. Though the article from The Athletic says the Jays would “prefer” to hang onto Guerrero, Rosenthal made an appearance on Foul Territory and more emphatically shot down the possibility of Guerrero being traded.

Though the fit would be a bit awkward, the Jays could use the power. Toronto’s offense was close to league average last year, but a lot of that was thanks to having a walk rate that was bested by only six other teams. In the home run department, they were actually one the worst clubs, ahead of just the Marlins, Rays, Nationals and White Sox.

They don’t really have a strict designated hitter, which perhaps provides a path for Alonso and Guerrero to share a lineup. Justin Turner was their primary DH for the first half of last year but he was traded to the Mariners at the deadline. It would make it a bit harder for the club to rest someone like George Springer, but it seems the Jays have some openness to it regardless. Guerrero taking the hot corner could allow greater flexibility, though he only has 104 innings there over the past five seasons. Most of that came late last year as the Jays were playing out the string on a lost season. It’s unclear how much willingness they have to put Guerrero there in meaningful games.

Financially, it seems the club still has powder dry. They reportedly had a strong offer on the table for Burnes as of a few weeks ago, before he signed with the Diamondbacks. Since then, they signed Jeff Hoffman to a three-year, $33MM deal, but that is surely well shy of what they were willing to pay Burnes.

It’s theoretically possible that signing Alonso could give the Jays some cover for the event they can’t sign Guerrero, an impending free agent, to an extension. But it seems highly likely that Alonso will be securing a deal with the ability to opt out after 2025, meaning he would only stick around for 2026 if he has a down year. They would likely prefer to have Guerrero locked up long term, since he’s significantly younger than Alonso, while seeing Pete walk away earlier.

There are surely other clubs in the mix as well. Alonso has been connected to the Giants, Red Sox and Angels in recent weeks. Teams like the Tigers, Athletics and Mariners make sense as speculative fits. Since Alonso rejected a QO, the Mets will receive a draft pick after the fourth round if he signs elsewhere. The penalty for the signing club will depend on their revenue-sharing status and whether they paid the competitive balance tax last year. Perhaps we will have clarity soon as the staring contest with the Mets appears to be ending.

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