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Red Sox Designate Nathaniel Lowe, Josh Winckowski For Assignment

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The Red Sox announced that first baseman Nathaniel Lowe has been designated for assignment. Chris Cotillo of MassLive reported the move shortly before the official announcement. That opens a 40-man spot for Tristan Gray, who has been acquired from the Rays. The Sox are also designating right-hander Josh Winckowski for assignment, reports Ari Alexander of 7 News. That will open another 40-man spot, presumably for Boston to add someone ahead of today’s Rule 5 protection deadline.

The moves are effectively early non-tenders. Friday afternoon is the deadline for teams to decide whether or not to tender contracts to their arbitration-eligible and pre-arb players. But as mentioned, today is the deadline for adding players to the 40-man in order to protect them from the Rule 5 draft. By cutting these two players now, the Sox have made space for adding Gray and someone else in the coming hours.

Nathaniel Lowe | Kevin Jairaj-USA TODAY SportsIt’s not a surprise that Boston isn’t bringing Lowe back. He was a midseason desperation addition. The Sox lost Triston Casas to injury early in the season, leaving a hole at first base. They had been patching that over with guys like Romy González and Abraham Toro. Lowe became available in August when the Nationals released him. He has a good overall track record but was having a bad season. The Sox were able to grab him for essentially nothing to bolster their first base group down the stretch.

The Sox also could have kept Lowe for 2026 via arbitration but it never seemed likely they would do so. He qualified for Super Two status going into 2023, giving him four arb passes instead of the usual three. He had already raised his salary to $10.3MM in 2025. MLBTR contributor Matt Swartz projected him for a $13.5MM salary in 2026, which will be his age-30 season. The Sox presumably had no intention of paying that after Lowe hit .228/.307/.381 for a 91 wRC+ this year. They have Casas potentially coming back in 2026 and they could also pursue external additions.

Technically, Boston has some time to try to trade Lowe but other teams presumably aren’t keen on him at that $13.5MM price point either. He will likely stay in DFA limbo until Friday and then be non-tendered, becoming a free agent.

Once he’s officially on the open market, he will be an interesting bounceback candidate. As mentioned, his 2025 season wasn’t good, but he was a solid everyday first baseman for the Rangers for many years. From 2021 to 2024, he got into at least 140 games in four straight seasons, including at least 157 in the first three. He launched between 16 and 27 home runs in each of those. He also had a walk rate of 12.5% or higher in three of the four. He had a combined .274/.359/.432 slash line and 124 wRC+ for that span. FanGraphs credited him with 10.8 wins above replacement.

That strong performance helped the Rangers win the 2023 World Series and also pushed Lowe’s salary up into eight-figure territory. Those factors combined with his down year to make him a clear non-tender candidate.

Based on his track record, some club should give Lowe a big deal at some point, though at a lesser price point than his projected arbitration salary. He will jump into a first base market that has already seen Josh Naylor come off the board. Pete Alonso, Ryan O’Hearn, Luis Arráez and others are still out there, while Christian Walker and Willson Contreras are potential trade candidates.

Winckowski, 28 in June, has spent the past few years working in a swing role for the Sox. He has logged 242 1/3 innings over 21 starts and 100 relief appearances, allowing 4.20 earned runs per nine. His 18.2% strikeout rate is subpar but his his 8.3% walk rate is around average and his 51.6% ground ball rate quite strong.

He only logged 11 2/3 innings in the majors in 2025. He spent most of the first half on optional assignment in the minors. In June, the Sox called him up and put him on the big league 60-day injured list due to a a flexor strain in his right elbow. That allowed them to open a 40-man roster spot. Winckowski stayed on the IL for the rest of the year, collecting service time along the way. The IL goes away five days after the World Series, so he retook a 40-man spot at that time.

His current health status is unknown but he was going to be on the roster bubble regardless. He exhausted his final option season in 2025. He also pushed his service time just over the three-year mark, therefore qualifying for arbitration. He is projected for a salary of $800K next year. That’s barely above the league minimum, which will be $780K next year. But for a guy who was hurt for most of 2025 and can’t be easily sent to the minors anymore, the Sox aren’t keen to pay him at that level.

While he’s in DFA limbo, they could try to trade him elsewhere. He can be controlled for another three seasons and is relatively cheap. But it’s also possible he gets non-tendered alongside Lowe on Friday and ends up a free agent.

Photos courtesy of Nathan Ray Seebeck, Kevin Jairaj, Eric Canha, Imagn Images

Mariners Re-Sign Josh Naylor

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The Mariners officially announced they’ve brought back Josh Naylor on a five-year deal. It’s a reported $92.5MM guarantee for the ISE Baseball client.  Naylor will get a $6.5MM signing bonus upfront. He’ll make a $10MM salary in 2026, $16MM in ’27, $18MM in ’28, $20MM in ’29 and $22MM in 2030. The deal also includes a full no-trade clause and has no deferred money.

Naylor becomes the first headline name of the 2025-26 free agent class to land a new contract, just two weeks after the World Series concluded.  It counts as a surprise to see any major free agent sign their next contract this quickly, even before the players who received qualifying offers have made their decisions.  (Naylor was notably not eligible for a QO, since he was traded from the Diamondbacks to the Mariners during the season.)

MLB Trade Rumors ranked Naylor 12th on our list of the offseason’s top 50 free agents, and the five-year term matches our projection that Naylor would receive a five-year, $90MM deal.  The five-year length of Naylor’s contract also matches the longest free agent deal the Mariners have given out during Jerry Dipoto’s decade in charge of Seattle’s baseball operations department.  The M’s inked Robbie Ray to a five-year, $115MM pact during the 2021-22 offseason, and Ray’s contract and Yusei Kikuchi’s four-year, $56MM deal in January 2019 were the only free agent deals of the Dipoto era to exceed even two years.

There are multiple reasons behind the lack of big free agent strikes.  The Mariners’ infamous 10-year, $240MM deal with Robinson Cano from December 2013 could’ve led to some organizational wariness over blockbuster signings.  Since John Stanton’s ownership group bought the team in 2016, the M’s have only once finished a season with a top-10 payroll, and are only moving back into the middle range of spending league-wide.  There is also “Trader Jerry’s” own personal preference to build rosters via trades rather than free agents, as Dipoto has become known for being very active in negotiating swaps.  Players may have had misgivings about joining a Mariners team that has two just postseason appearances in the last 24 seasons, and hitters in particular weren’t exactly lining up to play in a notoriously pitcher-friendly environment.

With all of this in mind, there was such mutual interest between Naylor and the Mariners that it certainly seemed like the team was very willing to stretch beyond its usual free agent comfort zone.  Dipoto was open in telling the media — including Darragh McDonald on the MLBTR Podcast back in September — that re-signing Naylor was a priority for the organization, and Naylor himself was just as effusive in how much he enjoyed playing in Seattle.

Considering how Naylor performed after arriving in the Pacific Northwest, it’s easy to see why both sides moved quickly on a long-term deal.  Naylor was already enjoying a strong season with the Diamondbacks, but with Arizona falling out of contention, the D’Backs dealt the slugger a week before the trade deadline, landing rookie left-hander Brandyn Garcia and pitching prospect Ashton Izzi.

Naylor proceeded to hit .299/.341/.490 with nine homers and 19 stolen bases (without a single caught stealing) over 210 regular-season plate appearances for the M’s, and he followed that up with a .340/.392/.574 slash line over 51 postseason PA.  Adding this type of pop into the lineup was perhaps the primary reason the Mariners won the AL West, and then outlasted the Tigers in the ALDS before falling just short of the first World Series berth in franchise history in losing the ALCS to the Blue Jays in seven games.

This kind of success made the Mariners want to more or less bring the band back together for 2026, which was no small feat since Naylor, Jorge Polanco, and Eugenio Suarez (among others) were all set for free agency.  Re-signing Naylor is the first major domino to fall, and it now remains to be seen if either Polanco or Suarez can also be retained in the wake of the team’s sizeable commitment in Naylor.  The M’s entered the offseason with approximately $34MM to spend, according to Dipoto’s statements after the playoff run was over, with more money potentially available at the deadline if more in-season reinforcements were required.

For now, the Mariners and their fans can at least enjoy the idea of Naylor suiting up at T-Mobile Park for the next five seasons.  Naylor turns 29 in June, so his contract will run through his age-33 season.  There has been some league-wide hesitancy in recent years about giving major contracts to first base-only players (especially as those players enter their 30s), yet Naylor’s production outside of just his stretch run with the Mariners makes him a solid choice for a five-year investment.

Naylor’s 128 wRC+ in 2025 was a career high, narrowly topping the 127 wRC+ he posted with the Guardians in 2023.  Since emerging as a regular with Cleveland in 2022, Naylor has hit .275/.336/.464 with 88 home runs, translating to a 123 wRC+ and 9.9 fWAR over the last four seasons.  His barrel and hard-hit ball rates are okay but uninspiring, and his walk rate from 2022-25 was below average, so Naylor doesn’t exactly fit the profile of a classic slugging first baseman.

His biggest offensive weapon is his ability to make contact, as Naylor is among the league’s more difficult players to strike out though he is prone to chasing pitches off the plate.  There is also the amusing oddity of Naylor’s 30-for-32 record at stealing bases in 2025, which speaks to his skill as an opportunistic baserunner despite being one of the slowest players in baseball.  Defensively, public metrics are mixed on his glovework.  The Outs Above Average metric has him solidly above average with +12 OAA, while his -6 Defensive Runs Saved paints a less-flattering picture of his work at first base.

Naylor joins Cal Raleigh and Julio Rodriguez as Seattle players locked up through at least the 2029 season, and Rodriguez’s deal could actually extend through 2039 depending on a complicated set of options following the 2029 campaign.  These three All-Star position players, veteran righty Luis Castillo, and a core of homegrown starters (George Kirby, Logan Gilbert, Bryan Woo, Bryce Miller) have become the building blocks of an AL West title team that looks to remain competitive for at least the rest of the decade.

Though many pundits — including three of us at MLBTR — predicted Naylor would re-sign the Mariners, the fact that he has found a new deal so suddenly creates an interesting ripple effect on the rest of the free agent class.  Teams in need of lineup help have one less big bat to consider, and the first base market in particular has now lost a name many teams would’ve considered as perhaps a preferred alternative to Pete Alonso, Munetaka Murakami, or Kazuma Okamoto.  Murakami or Okamoto could be deployed at third base and Cody Bellinger could be viewed as a first baseman or outfielder in equal measure, depending on a suitor’s needs.

ESPN’s Jeff Passan first reported the Mariners and Naylor were closing in on a five-year deal. Ari Alexander of 7 News Boston had the guarantee landing in the $90-100MM range. Ken Rosenthal of The Athletic was first on the $92.5MM figure and the absence of deferred money. Robert Murray of FanSided first noted the $6.5MM bonus and the full no-trade clause. Andrew Destin of The Associated Press had the specific salary breakdown.

Inset photo courtesy of Stephen Brashear — Imagn Images

Yankees Re-Sign Ryan Yarbrough

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The Yankees officially re-signed Ryan Yarbrough to a one-year deal. The Excel Sports Management client is reportedly guaranteed $2.5MM with another $250K available in bonuses. He’d unlock $50K apiece for every ten innings pitched between 75 and 115.

Assuming the deal makes it over the finish line, it’ll be a starkly different offseason experience than Yarbrough had last year, when he lingered on the market until February before catching on with the Blue Jays on a minor league deal. He opted out of that deal just before Opening Day, which led him to a major league contract with the Yankees for the 2025 campaign. It was a decent enough year for the lefty in the Bronx, as he pitched to a 4.36 ERA across 64 innings of work split between eight starts and 11 relief appearances.

That’s roughly league average (94 ERA+) production on the surface, and more advanced metrics are something of a mixed bag but generally support that sentiment. His 5.06 FIP is well below par, but much of that has to do with an inflated home run rate. Yarbrough allowed 13 homers in just 64 innings of work despite an entirely manageable 6.9% barrel rate that was largely in line with his career norms. Yarbrough’s work in New York actually tied a career high (20.8%) for strikeout rate and saw him limit walks to a decent 7.2% clip. His 4.14 SIERA clocks in right around league average, as does his 4.30 xFIP.

While the specifics of the contract aren’t yet clear, re-upping for another year certainly seems to make sense for both sides. Signing this early in the offseason offers Yarbrough a level of certainty he wasn’t afforded last year while allowing the Yankees to build some depth into their rotation mix that will surely prove valuable headed into 2026. While the Yankees have a deep group of starting options with Gerrit Cole expected back from Tommy John surgery early next year plus Max Fried, Carlos Rodon, Luis Gil, Will Warren and Cam Schlittler, it’s not hard to see why the team could use some additional depth.

Cole and Rodon both won’t be ready for Opening Day, while Clarke Schmidt is unlikely to be a factor until late in the year after his own Tommy John surgery. Gil appears to be healthy but has a lengthy injury history that could make relying on him for 30 starts a tall order as well. With so much uncertainty among that group, the addition of Yarbrough offers a steady veteran to offer roughly average production when filling those gaps. Yarbrough is more than comfortable bouncing between the rotation and bullpen after doing so throughout virtually his entire career, and having him available as a long relief arm could be valuable for a bullpen that figures to be searching for innings help after losing Devin Williams and Luke Weaver.

Whatever the cost of Yarbrough’s contract ends up being, it should serve as no impediment to the Yankees as they look to fill out the rest of their roster. The club has its work cut out for it this winter, as they’ll need to replace Cody Bellinger, Trent Grisham, Paul Goldschmidt, and Amed Rosario (along with Williams and Weaver) as they head into free agency on top of whatever other upgrades the club is interested in making to its roster. Given Schmidt’s injury, perhaps even the addition of another starter could be on the table if the team wants to have young pitching to dangle in trade talks or have the luxury of being patient with Cole as he gets his elbow ready for game action next year.

Robert Murray of FanSided first reported Yarbrough and the Yankees were closing in on a major league deal. Joel Sherman of The New York Post had the $2.5MM guarantee and $250K in bonuses. The Associated Press reported the bonus details.

Image courtesy of Jesse Johnson, Imagn Images.

MLBTR Free Agent Prediction Contest Now Closed

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The MLB Trade Rumors Free Agent Prediction Contest is now closed.  Over 4,600 people made picks!  In the coming weeks, MLBTR will publish a leaderboard for the results.

Further contest info:

  • After the window to make picks has closed, we’ll post a public leaderboard page so you can see who’s winning the contest as players sign with teams.  We’re going to use entrants’ full names on it.  So, if that concerns you, please do not enter the contest.  Entries with inappropriate names will be deleted.
  • We are also collecting email addresses, which I will use to notify winners.
  • If a player signs between now and the close of the contest, that player will be excluded from the contest.
  • After you submit your picks, you’ll receive an email from Google Forms.  In that email, you’ll see a button that allows you to edit your picks.
  • We will announce the winners on MLBTR once all 50 free agents have signed.  We will award $500 to first place, $300 to second place, and $100 to third place.  We will also be giving  one-year memberships to Trade Rumors Front Office for everyone who finishes in the top 15.  Winners must respond to an email within one week.
  • The winners of this contest will be declared on March 25th, 2026, and any unsigned players will be excluded from the competition.
  • Ties in the correct number of picks will be broken by summing up the rankings of the free agents of the correct picks and taking the lower total.  For example: Tim and Steve each get two picks correct.  Tim gets Kyle Tucker (#1 ranking) and Robert Suarez (#21 ranking) for a total of 22 points.  Steve gets Framber Valdez (#6) and Michael King (#14) for a total of 20 points.  Steve’s total is lower and he’s ahead of Tim for tiebreaker purposes.

If you have any further questions, ask us in the comment section of this post!

Mets Fielding Interest In Jeff McNeil

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The Mets are taking trade inquiries on Jeff McNeil, reports Jon Heyman of The New York Post. The veteran utilityman is recovering from thoracic outlet surgery, which complicates conversations with other clubs. McNeil’s agent, Paragon’s Garrett Parcell, told The Post’s Joel Sherman that he is expected to be full go for Spring Training.

McNeil is entering the final guaranteed season of the four-year, $50MM extension he signed during the 2023-24 offseason. He’s set for a $15.75MM salary and guaranteed a $2MM buyout on a matching club option for the ’27 season. It’s essentially a one-year, $17.75MM commitment. (An acquiring team would also owe him a $500K assignment bonus.) That’s more than he’d get on the open market coming off a .243/.335/.411 line and heading into his age-34 season. Something like a two-year deal in the $18-20MM range would be reasonable, but he wouldn’t command that kind of money on a one-year term.

At the time of the extension, McNeil was coming off a batting title. He hasn’t maintained those heights over the past three seasons. He combined for a slightly below-average .257/.323/.381 slash line between 2023-24. This year’s numbers were better but also came with injury questions. McNeil missed the first few weeks of the season with an oblique strain. He hit well over the next few months, running a .256/.348/.451 line with as many walks as strikeouts in nearly 400 plate appearances through the end of August. His bat wilted as the team collapsed in September, as he finished with a .187/.274/.240 showing in the season’s final month.

Playing through thoracic outlet syndrome offers an explanation for the late-season struggles. At the same time, that also raises questions about what teams can expect going into 2026. TOS generally isn’t as damaging for hitters as it can be for pitchers, yet some clubs could prefer to see McNeil play before taking on a notable chunk of money. His strikeout rate ticked up in the final two months of the season, while his average exit velocity plummeted in September.

McNeil has primarily been a second baseman in his career. He’s a capable if unspectacular defender there. McNeil has a decent amount of corner outfield experience, where he has received solid defensive grades. He added a little more than 200 innings in center field this past season, albeit with mediocre marks from Defensive Runs Saved and Outs Above Average. McNeil is a below-average runner and shouldn’t be counted on for more than part-time work in center field.

While the contract and injury are obstacles, McNeil could be appealing to some teams if the Mets pay down part of the contract. The Astros don’t have an everyday second baseman and need a left-handed bat. The Angels could also use a lefty hitter and could bounce McNeil between second and third base. The Royals got nothing out of second base this year and generally prefer high-contact hitters of his ilk. The Giants, Athletics, Pirates and Tigers (if Gleyber Torres rejects the qualifying offer) could all look to upgrade at second base. Those teams would probably prefer to acquire Brendan Donovan, but the prospect cost would be much higher for the St. Louis utilityman.

If the Mets were to trade McNeil, they could kick Brett Baty over to second base. That’d perhaps enable them to make a run at a free agent third baseman or try to sign Ha-Seong Kim as a multi-positional player who’d upgrade the infield defense. McNeil’s contact comes with a $12.5MM luxury tax hit for New York, meaning they’re paying $13.75MM in taxes on it as a third-time payor in the highest bracket. The CBT hit would recalculate to reflect the remaining money on the backloaded deal if he’s traded. It’d be a $17.75MM luxury tax number — minus any cash considerations the Mets include, which would remain on their CBT ledger — for an acquiring team.

Brad Keller Drawing Interest As Starting Pitcher

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Teams have shown interest in free agent right-hander Brad Keller as both a starter and reliever, reports Joel Sherman of The New York Post. It’s not clear which teams are involved, though Sherman writes that the Yankees have not emerged as a serious suitor to this point.

Keller is coming off a breakout year working out of the Cubs bullpen. The 30-year-old righty fired 69 2/3 innings of 2.07 ERA ball. He emerged as Craig Counsell’s most trusted leverage arm by the end of the season. Keller recorded 25 holds and a trio of saves while relinquishing just three leads all year. He was fantastic in the second half, allowing one run while striking out 35 hitters across 27 2/3 frames. He picked up two more saves and a hold while tossing 5 2/3 innings of one-run ball in the playoffs.

While the underlying metrics weren’t quite so dominant, Keller posted solid peripherals across the board. He punched out 27.2% of opponents against a manageable 8% walk rate. Keller got ground-balls at a 56.5% clip, the 10th-highest rate among relievers with 50+ innings. The only slight area of concern was a modest 10.8% swinging strike rate that checked in a little below the 11.5% league average.

Keller’s performance was obviously going to have plenty of teams interested in him as a reliever. As we noted on our writeup of the Top 50 Free Agents, it made sense that some clubs would view him as a rotation conversion candidate. Keller has plenty of starting experience. He was a starter for most of his six seasons as a member of the Royals. The 6’5″ righty found some early-career success as a grounder specialist at the back of the K.C. rotation.

His numbers tanked between 2021-23, and he underwent surgery to correct thoracic outlet syndrome before the ’24 campaign. Keller didn’t find much success in limited MLB looks with the White Sox and Red Sox that year. He was forced to settle for a minor league contract with the Cubs last winter. Keller looked rejuvenated in a relief role, earning a roster spot out of camp and pitching his way to the top of the bullpen hierarchy before long.

While the thoracic outlet surgery could give some clubs trepidation, there’s reason for optimism if he does return to starting. He has continued to use a five-pitch mix out of the bullpen. He had no issues handling left-handed hitters this year, holding them to a .223/.293/.277 slash with a 26% strikeout rate over 123 plate appearances. Keller doesn’t have pristine command but has shown good enough control to work into the middle innings as a starter. While he obviously wouldn’t maintain this past season’s 97.2 MPH average fastball velocity in longer stints, it’s not unreasonable to imagine him sitting 94-95 over five-plus innings.

MLBTR predicted Keller for a three-year, $36MM contract. That baked in the possibility that he could sign somewhere as a starter. That kind of move has become commonplace in recent seasons. Garrett Crochet, Seth Lugo, Michael King, Clay Holmes, Reynaldo López and Jordan Hicks are a few of the pitchers who built back to starting after years of pitching in relief.

The Braves were reportedly set to offer Jeff Hoffman the same opportunity until a flagged physical led them to walk away from a $45-48MM agreement altogether. Luke Weaver said in September that he’d be open to offers as a starter. It’s not without risk — Hicks and A.J. Puk are among the pitchers who simply couldn’t cut it because of command or injury issues — but even an outcome like the López or Holmes conversions would be a solid return on investment for a three-year contract in the $12-14MM range annually.

Aaron Judge Wins AL MVP Award

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Aaron Judge has repeated as the American League MVP. The Yankees star edged out Cal Raleigh and easily cleared third-place finisher José Ramírez to claim his third MVP in four seasons. He’s the thirteenth player in league history to win the award on three occasions.

It was about as tightly contested a race as possible. Judge and Raleigh were 1-2 in some order on all 30 ballots. Judge received 17 first-place votes against Raleigh’s 13. Had two of the Judge voters gone the other way, there would have been co-MVP winners for the first time since Keith Hernandez and Willie Stargell split the NL award in 1979.

That’s a testament to the remarkable seasons turned in by both players. Judge was yet again the best offensive player in baseball. He hit .331/.457/.688 to lead the majors in all three slash stats. Judge paced the AL with 124 walks and 137 runs scored. He finished second behind Raleigh with 53 homers and 114 runs batted in. While Raleigh had the edge in the power counting statistics, Judge’s offensive rate metrics were far better. He walked more, struck out less, and had much better results on balls in play that didn’t clear the fences. Judge had a near .100 point advantage over Raleigh in OBP and more than .080 points above him in average. He won the AL batting title by .020 points over Bo Bichette and Jacob Wilson.

There’s no question that Judge was the more valuable hitter. The case for Raleigh rested on the difficulty of putting up that kind of production as a catcher. The Seattle backstop had one of the greatest seasons ever at the position. He not only became the first catcher in MLB history to reach 50 homers, he cruised to an MLB-high 60 bombs. Raleigh tied for the ninth-most home runs in a season at any position and is tied for third (behind ’22 Judge and 1961 Roger Maris) among hitters who were not connected to performance-enhancing drugs. Raleigh also led the American League with 125 RBI while hitting .247/.359/.589 across 705 plate appearances.

It left voters with a difficult choice: reward the superior hitter or the player who turned in an historic season at the sport’s most demanding position? FanGraphs credited Judge with 10.1 Wins Above Replacement, while Raleigh was at 9.1 WAR. They were easily the top two players in MLB by that metric. Baseball Reference had a slightly bigger gap in Judge’s favor (9.7 to 7.4). Both players were instrumental in getting their teams to the postseason — the Yankees as a Wild Card, Seattle as winners of the AL West.

In the end, voters went with Judge by the narrowest of margins. This was the only of the major awards that was especially close. Shohei Ohtani (NL MVP), Paul Skenes (NL Cy Young), and Nick Kurtz (AL Rookie of the Year) all won unanimously. Tarik Skubal (AL Cy Young) and Drake Baldwin (NL Rookie of the Year) each received more than two-thirds of the first place votes in those categories. The AL MVP was at least somewhat in doubt until the announcement.

Judge has three MVPs and has finished in the top five on five occasions. He’s already a lock for the Hall of Fame and can put himself in truly rarified air if he wins the award once more. Ohtani became only the second player in league history to win a fourth career MVP tonight. Barry Bonds is the record holder with seven such honors. Judge is headed into the fourth season of the nine-year, $360MM free agent deal that he signed to stay in the Bronx over the 2022-23 offseason.

Raleigh has received MVP votes in three straight seasons. He was already one of the sport’s best catchers coming into the season, but this year elevated him to an inner circle of superstars. The M’s signed him to a six-year, $105MM extension just before Opening Day. He’s under contract through 2030 and should remain the face of a wide open competitive window in Seattle. This was his first top three MVP finish.

While Ramírez never stood a chance of winning the award this year, this was his sixth career top five finish. Ramírez has finished in third-place three times and was the runner-up behind José Abreu in 2020. Cleveland’s star third baseman hit .283/.360/.503 and reached 30 homers for the fourth time. He’s putting together a Hall of Fame career and led the Guardians on a late-season run to a second straight AL Central title. Ramírez took a significant hometown discount on a $124MM extension early in the 2022 season. He’s signed for another three years.

It was obvious that every voter would have Judge and Raleigh in the top two. The ballot opened up with the third-place spot. Ramírez led the way with 19 third-place votes and was the only other player who was in the top five on every ballot. Last year’s runner-up Bobby Witt Jr. received nine third-place selections and finished fourth overall. Skubal earned his highest career placement with a fifth-place finish. He and Junior Caminero (who finished ninth overall) received one third-place vote apiece. Julio Rodríguez, George Springer, Garrett Crochet and Jeremy Peña rounded out the top 10. Kurtz was the only other player who received any fourth or fifth place votes. Twenty players appeared on at least one ballot.

Image courtesy of Wendell Cruz, Imagn Images. Full voter breakdown available via BBWAA.

Shohei Ohtani Wins NL MVP Award

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Shohei Ohtani has his fourth MVP award. As expected, the two-way superstar repeated as NL MVP and has now won the award twice in each league. He’s the second player in MLB history to win a fourth MVP. Barry Bonds won the award seven times. Until tonight, he’d been the only player to earn that title more than thrice. Ohtani won the award unanimously for the third consecutive season and has gotten all 30 first-place votes in all four of his wins.

It’s a third consecutive MVP for the Dodgers slugger. He won the AL version in 2023 during his final season as a member of the Angels. He has taken the crown in both seasons as a Dodger, winning a World Series in each. His $700MM free agent contract is already among the most successful in league history. He’ll have the opportunity to match Bonds’ record of four consecutive MVP wins next season. Bonds won the award as a member of the Giants each season from 2001-04.

Ohtani beats out Kyle Schwarber and Juan Soto, the other NL finalists. He led the majors with 146 runs scored while slashing .282/.392/.622 across 727 plate appearances. Ohtani paced the NL in slugging percentage and OPS. He hit a career-high 55 home runs, one back of Schwarber for the Senior Circuit lead. Ohtani’s 102 runs batted in were “only” good for sixth in the NL, though that’s partially because he spent all but one week of the season working out of the leadoff spot.

While Schwarber matched Ohtani from a power perspective, the latter had the advantage of more than .040 points of batting average and .025 points in OBP. He also stole 20 bases and was a far more valuable overall baserunner. That’s before considering his achievements on the mound.

Ohtani finally returned after an extended layoff from pitching following his second career elbow surgery. He chipped in 47 innings of 2.84 ERA ball with 62 strikeouts over 14 starts. Ohtani probably would have won the MVP even if he were simply a DH, as he did in 2024. That he’s also capable of pitching at a top-of-the-rotation level when healthy only reaffirms his status as the sport’s greatest player today and arguably ever.

The award voting takes place at the end of the regular season. Ohtani added another eight homers with a .265/.405/.691 slash over 84 plate appearances in the postseason. He’d been only average during the Dodgers’ World Series run in 2024. That changed this October. Ohtani leveled up when the lights were brightest, hitting .333 with a .500 on-base percentage during the Fall Classic. He set a playoff record with nine times on base during the marathon Game 3, when a couple early homers led Jays manager John Schneider to intentionally walk him every time he came up in extra innings.

Ohtani’s monster showing shouldn’t take away from Schwarber’s phenomenal year. He led the NL in homers and took home the major league RBI crown by driving in 132 runs. Schwarber hit .240/.365/.563 across 724 plate appearances while starting all 162 games for the Phillies. He hit 187 home runs over the course of his four-year, $79MM free agent deal with the Phils and is now set to cash in during a return trip to free agency. Schwarber and Ohtani are tied for second in the majors in homers over the past four seasons, trailing only Aaron Judge. He has received MVP votes in four straight seasons, but this is his first time as a finalist.

Soto just wrapped up the first season of his free agent mega deal with the Mets. It was a disappointing year for the team, as they melted down in September and lost out on a playoff berth to an 83-win Cincinnati club. Soto came under some fire early after getting out to a slow start, but he was a monster from June onward. He finished the year with a .263/.396/.525 slash across 715 trips to the plate. Soto led the majors with 127 walks and paced the NL in on-base percentage. That’s to be expected for the hitter with the game’s best eye. Far more surprising is that he also tied for the NL lead with 38 stolen bases after entering the season with 57 steals over his first six and a half seasons. Soto has never won an MVP but has finished in the top three on three occasions.

FanGraphs credited Ohtani with an NL-best 9.4 wins above replacement between his pitching and hitting. Baseball Reference had him in second place at 7.7 WAR, narrowly behind Cy Young runner-up Cristopher Sánchez at eight WAR. BRef actually had Diamondbacks shortstop Geraldo Perdomo as the WAR leader solely among position players, excluding Ohtani’s pitching stats. Perdomo was second in fWAR behind Ohtani.

Schwarber received 23 of the 30 second-place votes. Four voters had Soto second on their ballot, while the other three placed Perdomo in that spot. The three finalists were the only players who appeared among the top five on all 30 ballots. Trea Turner, Pete Alonso and Freddie Freeman all received one third-place vote, with the rest split between Schwarber, Soto and Perdomo. Perdomo finished in fourth place, while Turner landed in fifth. Cy Young winner Paul Skenes came in sixth and was the top pitcher on the ballot. Corbin Carroll, Fernando Tatis Jr., Pete Crow-Armstrong and Francisco Lindor rounded out the top 10. Twenty three players received at least one vote.

Image courtesy of Kiyoshi Mio, Imagn Images. Full vote breakdown available via BBWAA.

Kris Bubic Drawing Trade Interest From Multiple Clubs

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Royals left-hander Kris Bubic is drawing interest from multiple unspecified clubs, reports Will Sammon of The Athletic. Perhaps just as importantly, Sammon also notes that the Royals are open to the possibility of moving the southpaw.

Bubic, 28, didn’t find much success in his first few major league seasons. Early in 2023, he added a slider and seemed to be on the cusp of a breakout, but that lasted just three starts before he required Tommy John surgery.

He missed the remainder of that campaign and worked out of the bullpen when he returned in 2024, but with great success. He gave the Royals 30 1/3 innings with a 2.67 earned run average. His 32.2% strikeout rate, 4.1% walk rate and 56.2% ground ball rate were all excellent figures. He posted a 1.93 ERA over four postseason appearances as well.

The Royals stretched him back out in 2025. He wasn’t quite as dominant as he was as a reliever in 2024, but his results were still quite good. He logged 116 1/3 innings over 20 starts with a 2.55 ERA, 24.4% strikeout rate, 8.2% walk rate and 47.2% ground ball rate. A rotator cuff strain put him on the injured list at the end of July and he missed the final two months of the season. At the time of that injury, it was reported that he would not require surgery and would have a normal offseason. According to the MLB.com injury tracker, he was recently cleared to resume throwing.

Thanks to the slow start to his career and injury absences, his track record of success isn’t massive, but he has shown very intriguing flashes of upside. His winding journey also means that he is now just a year away from free agency and projected by MLBTR contributor Matt Swartz for a $6MM salary. That’s quite modest by modern pitching standards, especially compared to what the top free agents are likely to get this winter. For instance, the top pitcher on MLBTR’s Top 50 Free Agents list was Dylan Cease. He was projected for $189MM over seven years, or $27MM annually.

The Royals are looking to bolster their offense, particularly in the outfield and at second base. However, they probably don’t have a lot of financial wiggle room. They aren’t usually huge spenders and owner John Sherman recently stated that the payroll would probably stay fairly flat compared to 2025. RosterResource currently projects them for a $142MM payroll in 2026, a tad higher than the $138MM they had at the end of 2025.

Trading some pitching is probably the club’s best path for adding offense. Their projected rotation currently includes Bubic, Cole Ragans, Seth Lugo, Michael Wacha, Noah Cameron, Stephen Kolek, Ryan Bergert, Luinder Avila, Ben Kudrna and others. Sammon reports Ragans is not likely to be available. That’s not surprising since he’s controlled for another three seasons. Even if the Royals were motivated to move him, now wouldn’t be a good time since he’s coming off a poor and injury-marred season. Wacha and Lugo have recently inked extensions, with each signed through 2027 with club options for 2028.

That leaves the most likely trade candidates as Bubic or one of the younger and more controllable arms. The Royals may consider moving one of the other guys but they are cheap and have options, making them valuable pieces for a club without huge payroll capacity. Bubic’s value will be somewhat capped by the fact that he only has the one year of control and some spotty health on his track record. However, the salary is attractive for other clubs and could allow the Royals to save a bit of cash to use on other pursuits.

As Sammon points out, another thing working in the club’s favor is that a lot of other pitchers with upside are seemingly unavailable. Recent reports have downplayed the trade possibilities on guys like Tarik Skubal, Paul Skenes, Hunter Greene, Freddy Peralta, Joe Ryan and Pablo López. It’s probably still fair to expect guys like MacKenzie Gore, Sonny Gray and others to be out there but every name that comes off the board gives the Royals a bit more leverage.

Since Bubic is only controlled for one more season, he should only draw interest from clubs planning to contend in 2026. That may make it a challenge for the Royals to line up a deal, as those clubs probably don’t want to meaningfully subtract from their big league rosters. It’s not impossible, however, as clubs like the Angels and Red Sox have designs on contending, have a need for pitching but also have too many corner outfielders.

If the Royals can’t line up a classic “baseball trade” in that fashion, they could always flip Bubic for prospects. That could increase their ability to trade prospects for an impact bat or two, either by moving the prospects they just acquired or guys they already had who have become more expendable by the new arrivals.

Presumably, the Royals are currently evaluating all sorts of scenarios. As mentioned, they could move a cheaper and more controllable arm such as Cameron, Bergert, Kolek or others in that camp, but Bubic is an intriguing upside play for contending clubs. There’s risk with the recent injuries but Bubic is far cheaper than the options available in free agency and doesn’t require a long-term commitment. It’s also possible that he ends up recouping a draft pick down the line, if he stays healthy and pitches well enough in 2026 to justify a qualifying offer at season’s end.

Photo courtesy of Sam Navarro, Imagn Images

Brewers President Downplays Possibility Of Freddy Peralta Trade

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Brewers right-hander Freddy Peralta is a speculative trade candidate since he’s now just a year away from free agency. However, president of baseball operations Matt Arnold downplayed the possibility in speaking to Robert Murray of FanSided. “I anticipate him being part of our team moving forward,” Arnold said.

Arnold didn’t completely wipe a trade from the table, acknowledging the reality of Peralta’s situation. “We’ve had to make tough decisions on the (Josh) Hader’s and Corbin Burnes’ of the world,” Arnold said. “Freddy is certainly in that conversation.” He noted that the Brewers have to listen to offers because “we’re the smallest market in the league” but it seems they would prefer to keep Peralta in blue and yellow.

One can’t always take baseball executives at their word, as it’s usually in their best interest to hide their true intentions. If Arnold were shopping Peralta, admitting it publicly would only diminish his leverage in trade talks. However, Andy Martino of SNY reports that rival teams are expecting Peralta to stay. Perhaps some club can bowl the Brewers over with an overwhelming offer, but it seems the winds are blowing Peralta back to Milwaukee for the moment.

The reason it’s a discussion comes from the club’s history, as Arnold alluded to. The Brewers have traded key players as they have neared free agency, with Hader and Burnes two notable examples. Devin Williams is another. A trade seemed plausible enough that MLBTR gave Peralta the #8 spot on the list of Top 40 Trade Candidates for this offseason. However, it doesn’t always play out that way, as Milwaukee held Willy Adames until he reached free agency. They received draft pick compensation after he rejected a qualifying offer and signed with the Giants.

Peralta is only going to make $8MM this year, as part of the extension he signed back in 2020, which has worked out brilliantly for the club. Peralta wasn’t fully established as a big league starter at that time, as he also worked out of the bullpen earlier in his career. He took over a rotation gig in 2021 and logged 738 1/3 innings over the past five seasons with a 3.30 earned run average, 29.6% strikeout rate and 9% walk rate.

The $8MM salary is far less onerous than when the Brewers have been in this situation before. Burnes was going to make $15.6375MM in 2024 when he was flipped to the Orioles. Hader was making $11MM when he was traded at the deadline in 2022 and was going to get another raise in 2023. Adames made $12.25MM with the Brewers in his final season before free agency. Williams made $8.6MM with the Yankees in 2025. Even for a low-spending club like the Brewers, $8MM for a front-of-rotation starter is very affordable.

There could still be an argument for trading Peralta to upgrade other parts of the roster, but it would weaken the rotation. When the Brewers traded Burnes, they knew they could still count on Peralta to step up and take over as the ace. The succession plan wouldn’t be as smooth now. It’s theoretically possible for someone like Jacob Misiorowski to inherit that crown but he isn’t fully established yet. He has great stuff and made his big league debut this year but posted a 5.36 ERA in the second half and doesn’t turn 24 until April.

It’s possible something changes in the coming months but perhaps the Brewers will again have Peralta anchoring the rotation in 2026. He’ll be followed by some combination of Misiorowski, Quinn Priester, Chad Patrick, Logan Henderson, Robert Gasser and Tobias Myers.

Arnold added to Murray that the Brewers would love to bring Brandon Woodruff back. That’s not a surprising admission, as Woodruff has thus far spent his entire career with the Brewers. Milwaukee made him a $22.025MM qualifying offer even though he has some health question marks. He just came back from a lengthy absence due to shoulder surgery and also finished the 2025 season back on the injured list with a lat strain.

In between those IL stints, he was excellent. His velocity was down relative to his pre-surgery work but he still managed to post a 3.20 ERA over 12 starts. His 32.3% strikeout rate and 5.4% walk rate were both excellent numbers.

Even with the question marks and the QO attached, MLBTR predicted he could still secure a three-year, $66MM deal. It would be pretty surprising if the Brewers gave out a deal like that. They have only once gone beyond $50MM for a free agent, which was their $80MM deal for Lorenzo Cain back in 2018. If Woodruff signs elsewhere, the Brewers would be entitled to draft pick compensation.

Photo courtesy of Michael McLoone, Imagn Images

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