MLB Trade Rumors

The Twins finally snapped their ignominious playoff drought, breaking an 18-game postseason losing streak by sweeping the Blue Jays in the Wild Card Series. After being eliminated by the defending champions in the second round, they turn their attention to an offseason that could see some turnover among what was arguably the sport’s best rotation.

Guaranteed Contracts

• Carlos Correa, SS: $160MM through 2028 (deal includes vesting/club options from 2029-32)
• Byron Buxton, DH/CF: $75MM through 2028
• Pablo López, RHP: $72.5MM through 2027
• Christian Vázquez, C: $20MM through 2025
• Chris Paddack, RHP: $10.025MM through 2025

Option Decisions

• Club holds $10.5MM option on 2B Jorge Polanco ($1MM buyout); deal also includes ’25 team option
• Club holds $10MM option on RF Max Kepler ($1MM buyout)

2024 financial commitments (assuming both options exercised): $88.025MM
Total future commitments (assuming both options exercised): $358.775MM

Arbitration-Eligible Players (salaries projected by MLBTR contributor Matt Swartz)

• Caleb Thielbar (5.131): $3MM
• Kyle Farmer (5.129): $6.6MM
• Jordan Luplow (5.025): $1.6MM
• Willi Castro (4.017): $3.2MM
• Jorge Alcalá (4.014): $1MM
• Ryan Jeffers (3.089): $2.3MM
• José De León (3.062): $740K
• Alex Kirilloff (2.141): $1.7MM

Non-tender candidates: Farmer, Luplow, Alcalá, De León

Free Agents

• Sonny Gray, Kenta Maeda, Tyler Mahle, Michael A. Taylor, Joey Gallo, Donovan Solano, Emilio Pagán, Dallas Keuchel

After disappointing seasons in 2021-22, the Twins returned to October. Minnesota’s 87 wins were enough to handily take the AL Central in another down year. After knocking out the Blue Jays in the first round, Minnesota dropped a four-game Division Series to the Astros. Their efforts to return to the playoffs begin in a couple weeks, with the starting rotation the primary focus.

After years of maligned rotations and quick hooks for starters, Minnesota turned its rotation into an overpowering strength. Only three teams relied on their rotation for more innings. The Twins trailed only the Padres in starting pitcher ERA, while the staff narrowly topped the Rays’ for the highest strikeout rate in the majors.

The team MVP may have been Sonny Gray. The veteran righty pitched to a 2.79 ERA across 32 starts. He made his third All-Star Game and could secure a top three Cy Young finish for the second time. It was an ideal time for arguably the best season of a very good career, as the 10-year veteran is a few weeks from his first trip to free agency.

Minnesota will make Gray a qualifying offer, which he’ll certainly decline. That’d entitle them to a draft choice if he signs elsewhere. Gray has spoken positively of the organization, while president of baseball operations Derek Falvey said they’ll remain in contact throughout the offseason. While Minnesota retaining Gray can’t be entirely ruled out, the organization may be reluctant to meet an asking price that should easily top the $63MM secured by Chris Bassitt and could push towards nine figures.

Gray will be joined in free agency by two other Minnesota starters. Dallas Keuchel heads back to the market and likely won’t be retained after posting a 5.97 ERA across 10 outings. More impactful is the potential departure of Kenta Maeda. The 35-year-old has had a strong if volatile few seasons since being acquired from the Dodgers in the Mookie Betts three-team blockbuster. He was the Cy Young runner-up after twirling 11 starts of 2.70 ERA ball during the shortened season. He followed up with an ERA approaching 5.00 in 2021 before undergoing Tommy John surgery towards year’s end. Rehabbing that injury kept him out for all of 2022.

Maeda returned to post a 4.23 ERA through 104 1/3 innings this past season. That’s inflated by a 10-run drubbing at the hands of the Yankees on April 26, which directly preceded a two-month injured list stay due to a triceps strain. From the time of his return on June 23, Maeda worked to a 3.36 ERA with an excellent 29% strikeout rate while holding opponents to a .219/.279/.401 batting line in 88 1/3 frames.

As with Gray, Maeda is eligible to receive a qualifying offer. Unlike his rotation mate, Maeda might happily take a one-year deal in the $20.5MM range if the Twins put it on the table. Whether to make him the QO is one of the biggest decisions for Falvey and his front office at the start of the offseason. A full season of Maeda’s second-half production would be well worth that price. Whether he can keep that up for another year is a matter of debate, as he’ll be 36 in April and has a checkered injury history.

The Twins are a mid-market franchise. According to Cot’s Baseball Contracts, they ran a payroll in the $154MM range this year — the #17 figure in the majors. Pending a pair of obvious option decisions (more on those in a bit), they’ll begin the offseason with roughly $88MM in guaranteed contracts for 2024. The arbitration class is projected to tack on around $17MM, although a non-tender of infielder Kyle Farmer would subtract nearly $7MM from that sum.

That should afford the front office some freedom for a lofty one-year salary if they feel Maeda is capable of another strong year. Falvey noted last week that the collapse of Diamond Sports Group — the parent corporation of the Bally Sports TV networks that had carried Twins’ in-market broadcasts — adds some uncertainty to the offseason budget. There’s nothing to suggest the organization is about to dramatically slash payroll, however, and the club did get a boost in the form of four home playoff games this fall.

Whether Gray or Maeda return, three-fifths of the rotation is settled. Pablo López had another excellent year in his first season after being acquired in the Luis Arraez trade. Joe Ryan has a secure hold on a rotation spot despite a rough second half. Righty Bailey Ober had a very strong year to solidify himself as a mid-rotation arm.

Chris Paddack figures to hold the fourth spot. Acquired in the Taylor Rogers trade just before Opening Day 2022, Paddack made five starts before undergoing the second Tommy John procedure of his career. He was out into September, returning for five relief appearances between the regular season’s final week and the playoffs. Minnesota signed him through 2025 last spring, buying out his first would-be free agent year while giving the righty some stability halfway through his rehab.

The top option beyond that group seems to be right-hander Louie Varland. The 25-year-old (26 in December) has been more effective out of the bullpen than the rotation in his brief MLB career. He had a strong season in the rotation for Triple-A St. Paul, posting a 3.97 ERA while striking out a quarter of opponents in 81 2/3 innings. Varland could get a crack at a back-end job out of camp or begin the season in the major league relief corps with the potential to move to the rotation if necessary.

If each of Gray and Maeda walk, Minnesota could go into the middle tiers of free agency for a veteran starter. Players like Michael Lorenzen, Sean Manaea (if he opts out of his deal with the Giants) and old friend Kyle Gibson are among the options. Signing a veteran to eat some innings could keep the likes of Varland, Brent Headrick and Simeon Woods Richardson in relief and/or increase the possibility of trading from that group for bullpen or position player depth.

Minnesota’s strong rotation performance is made all the more impressive by the absence of Tyler Mahle. The Twins received just five starts this year from the right-hander, one of their top deadline acquisitions in 2022. That trade turned out to be a major misstep, as both Spencer Steer and Christian Encarnacion-Strand look like long-term infielders for the Reds. Mahle battled shoulder issues in 2022 and suffered an elbow injury that required Tommy John surgery this May.

That takes him out of consideration for the qualifying offer as he nears free agency for the first time. Mahle should find a two-year deal that gives him up-front security while he rehabs in the short term. A signing team would potentially welcome Mahle back late next season while getting a mid-rotation starter at a below-market price in 2025. It remains to be seen if the Twins would have interest in such an arrangement, which could check in between $15MM and $25MM total.

Minnesota’s bullpen wasn’t as good as the rotation, although it held up well enough. Flame-throwing Jhoan Durán is an elite option in the ninth. Brock Stewart went from unheralded minor league signee to high-leverage weapon. Griffin Jax had a rocky second half but solid peripherals and a decent 3.86 ERA overall. Veteran Caleb Thielbar and rookie Kody Funderburk make for a promising pair of left-handed options.

The Twins could add one more arm in the middle to late innings. Emilio Pagán rebounded from a horrible first season in Minnesota to post a 2.99 ERA while leading the relief corps with 69 1/3 innings. He is headed to free agency, so re-signing Pagán or bringing in another arm to take on that workload should be of interest.

Minnesota’s slate of impending free agents on the position player side is fairly modest. The group is headlined by Michael A. Taylor, who hit 21 home runs while playing customarily strong center field defense following an offseason trade with the Royals. While Taylor’s offensive upside is capped by a poor strikeout and walk profile, the power and glove have made him a low-end regular for the better part of a decade. He should find a multi-year deal this winter.

Taylor’s initial acquisition came as a surprise, since a good portion of Byron Buxton’s value is in his ability to play an elite center field. Buxton battled right knee issues all season and couldn’t play defense, though, spending the entire year as a designated hitter. He recently underwent arthroscopic surgery that’ll hopefully allow him to get back on the field in 2024. Given his litany of injuries generally and problems with the knee in particular, Buxton may not be an everyday option in center field at this point.

How comfortable the Twins are with the former Gold Glove winner’s health will play a big role in how they approach the outfield this offseason. Exercising a $10MM option to retain Max Kepler is an obvious call after an excellent second half. The German-born outfielder could return to a regular right field role while offering cover for Buxton in center if Taylor walks. If the Twins aren’t comfortable with Buxton or Kepler assuming regular center field work, retaining Taylor or bringing in someone like Harrison Bader makes sense.

Even if/when they let Joey Gallo depart in free agency, Minnesota will have their typical abundance of left-handed hitting outfielders. The likes of Alex Kirilloff, Matt Wallner, Trevor Larnach and Nick Gordon (along with Kepler himself) were the subject of trade speculation both last offseason and at the deadline. Aside from Kepler, Wallner is the only one of the group who has improved his trade value over the past few months.

Kirilloff, who has moved increasingly to first base over the corner outfield, continues to battle injury issues. He spent time on the IL with a right shoulder strain. Continued pain eventually forced him off the playoff roster and will require labrum surgery next week. Kirilloff hit well when healthy — .270/.348/.445 in 88 games — so it’d be a surprise to see the Twins move him while his value is at a low ebb.

Wallner, meanwhile, has settled in nicely as a power bat who can rotate through the corner outfield and DH. That’s the role the organization had envisioned for Larnach, a former first-round draftee who hasn’t hit consistently over parts of three big league seasons. He has performed well despite elevated strikeout tallies in Triple-A and could have appeal to a non-contender that can afford to give him a full season of reps in left field. Gordon, meanwhile, looked like a quality bat-first utility option in 2022 but missed most of this past season with a broken leg.

There’s a similar depth of talent on the infield. The club holds a $10.5MM option on Jorge Polanco, another easy call to exercise. The switch-hitter put together a .255/.335/.454 showing in 80 games and has been an above-average hitter in five of the past six seasons. He can split his time between second and third base. Even if the Twins felt they had enough infield talent to make Polanco expendable, there’d be surplus value on the option. Exercising that provision and trading him is more plausible than declining the option entirely, although the likeliest outcome is simply that they keep him for 2024.

Polanco would split time with a pair of youngsters on the infield. Edouard Julien had an impressive rookie season offensively. He might be better suited for DH or first base than consistent run in the middle infield, but he’ll be in the lineup somewhere.

Former first overall pick Royce Lewis seized the third base job with a monster second half, which he carried into the playoffs. Lewis was the Twins’ best player down the stretch and looks like a potential franchise player after returning from a second ACL tear. With five seasons of club control, there’s no urgency for Minnesota to talk extension. Lewis looks like the player the Twins expected when they drafted him six years ago, so they could at least gauge his asking price on a potential early-career deal — as they signed with Polanco and Kepler back in 2019.

Carlos Correa will be back at shortstop. The first season of his $200MM deal didn’t go as planned. Correa had a below-average .230/.312/.399 showing in the worst full year of his career. The two-time All-Star played through plantar fasciitis in his left foot and seemed inhibited for most of the season. They’ll hope an offseason of rest gets him back to his typical level of production.

The combination of Lewis’ return to health and Julien’s emergence could lead the Twins to subtract an infielder. Opening Day third baseman José Miranda has plummeted down the depth chart, although it’s a suboptimal time to trade him coming off season-ending shoulder surgery. Farmer and Willi Castro are veteran utility options who are into their arbitration years.

Farmer has the loftier projected salary ($6.6MM against $3.2MM) and played less of a role down the stretch. Assuming the Twins retain Castro, non-tendering or trading Farmer for a minimal return to clear payroll room makes sense. Perhaps they could reallocate that money to Donovan Solano, who hit .282/.369/.391 in 450 plate appearances. He’s headed back to free agency and likely earned a raise over this past season’s $2MM salary. Headed into his age-36 season, he’s likely still looking at one-year offers — whether from the Twins or elsewhere.

There’s little suspense behind the plate. Ryan Jeffers is one of the game’s better catchers. He’ll take the majority of playing time, with Christian Vázquez on hand as a quality #2 option.

Despite the potential loss of this year’s top starter, the Twins are well positioned going into 2024. They won 87 games without much of a contribution from Buxton or Correa and a little more than a third of a season out of Lewis. Even if the starting pitching takes a step back, a lineup that ranked 10th in run scoring this year could push closer to top five with better health from its stars. Whatever they do this winter, they should enter next season as the favorites to repeat in an AL Central that may again be the sport’s least talented division.

In conjunction with this post, Anthony Franco held a Twins-centric chat on 10-17-23. Click here to view the transcript.