MLB Trade Rumors

The Mets make another splash, acquiring All-Star starter Freddy Peralta and swingman Tobias Myers from the Brewers for prospects Jett Williams and Brandon Sproat. The teams announced the blockbuster trade on Wednesday night. New York designated right-hander Cooper Criswell for assignment in a corresponding move.

After losing out on Kyle Tucker, the Mets have signed Bo Bichette and traded for Luis Robert Jr. and Peralta. Tonight’s move is arguably the biggest of the three, as Peralta gives them a legitimate #1 starter atop what had been a talented but volatile rotation. He’s coming off a career season that landed him fifth in NL Cy Young balloting.

Peralta set a career mark with 176 2/3 innings while managing a personal-best 2.70 earned run average. He punched out 28.2% of opponents behind a near-13% swinging strike rate while issuing walks at a 9.1% clip. Peralta’s underlying marks have been consistently strong over his five seasons as a full-time starter. He misses bats at a plus rate with solid command. He had been a little susceptible to the longball between 2023-24, which elevated his ERA slightly (3.77) over that span. A dip in homer rate was the biggest factor in last year’s results, but estimators like FIP and SIERA feel he has been more or less the same pitcher five years running.

The 6’0″ righty challenges hitters with his fastball, a 94-95 MPH offering that plays up because of its plus spin and life. He backs that up with a changeup that he’ll throw to hitters of either handedness and a pair of breaking balls (though he only uses his slider against righties). His willingness to attack hitters up in the zone with the fastball leads to a fly-ball approach and the occasional home run, but it’s a worthwhile tradeoff for the few baserunners he’ll allow. Opposing hitters have mustered a .210/.288/.367 batting line over the past three seasons.

Peralta also brings an excellent durability track record to stabilize a rotation that was light on established innings sources. He hasn’t required a single stint on the injured list in three years. He’s tied for fifth with 95 starts and ranks 15th with 516 innings over that stretch. Only Dylan Cease and Zack Wheeler have more strikeouts in that time. Peralta and Cease are the only pitchers to record 200+ strikeouts in each of the past three seasons. He battled some shoulder issues in 2021-22, including a lat strain that limited him to 18 appearances four years ago, but his recent health record has been clean.

Mets president of baseball operations David Stearns knows Peralta well from his time running baseball operations with Milwaukee. He’s probably the best starting pitcher who’ll get traded this offseason, so the Mets would surely have been involved even without that connection, but the familiarity only made him a more natural fit. Stearns also brought back closer Devin Williams on a three-year free agent contract as his biggest bullpen move of the winter.

The Stearns-led front office wisely locked Peralta up on an extension before his breakout. Peralta had been an unheralded amateur signee by the Mariners whom the Brewers acquired as one of three prospects in an Adam Lind trade when he was in rookie ball. He worked in a swing role with mixed results over his first two seasons. Milwaukee secured him on a $15.5MM guarantee with a pair of $8MM club options over the 2019-20 offseason. It almost immediately became one of the sport’s most team-friendly contracts.

Peralta is headed into the final season of that deal and playing on the second of those $8MM options. The Mets will happily pick up that salary and the associated $8.8MM luxury tax hit. RosterResource projects them for a $365MM competitive balance tax payroll. They ended last season with $347MM in CBT commitments and paid another $91.6MM in taxes.

This is much more affordable from a salary perspective than were the Bichette and Robert acquisitions, though the pitcher is less than a year from a monster payday of his own. He’s on track to hit free agency before his age-31 season and could command the second-largest contract in the class after Tarik Skubal. He’s a lock to reject a qualifying offer barring a major injury. The Mets would receive a compensation pick after the fourth round in ’27 if he walks. As a revenue sharing recipient, Milwaukee would’ve gotten a pick after the first round had they kept him (assuming he signed elsewhere for $50MM+).

The Mets will presumably make an effort to keep him long term, but the main focus is on 2026. Peralta slots ahead of touted rookie Nolan McLean at the top of the staff. Sean Manaea, Clay Holmes, David Peterson and Kodai Senga are also penciled into what could be a six-man rotation — though the latter two have come up in trade rumors this offseason. Jonah Tong didn’t dominate the way McLean did after a late-season promotion, but he’s a top prospect who’ll be in the mix. They’re getting another touted arm, Christian Scott, back from elbow surgery.

Myers projects for a swing role but is likely to make some starts over the course of a 162-game season as well. The 27-year-old righty is more than a throw-in addition, as he has pitched well for Milwaukee over the past two years. Myers held a rotation spot for the majority of the ’24 season. He started 25 of 27 games as a rookie and posted an even 3.00 earned run average through 138 innings. He recorded a solid 22.3% strikeout rate while limiting his walks to a 6.3% clip.

An oblique strain sidelined Myers to open last season. The Brewers activated him in late April but optioned him to Triple-A after a handful of shaky appearances. Myers was up and down in a swing role for the remainder of the season. He was mostly squeezed out of the rotation by Milwaukee’s bigger arms, but he pitched well in the second half and finished the year with a 3.55 ERA across 50 2/3 frames. He had similar numbers over 12 starts with Triple-A Nashville.

Myers works in the 93-94 MPH range with his fastball. He uses a cutter and slider as his breaking balls and tweaked his changeup to more of a splitter midway through last season. The pitch got good results in a small sample, as opponents hit .108 while swinging through it almost 40% of the time. That should give him a better offering against left-handed hitters after he struggled with southpaws as a rookie.

The righty has between one and two years of service time. He won’t reach arbitration for another two seasons and is under club control through 2030. He has a minor league option remaining, which gives the Mets flexibility to move him between MLB and Triple-A Syracuse.

The Brewers deserve credit for helping Myers develop into a serviceable back-end starter. He’d once been a reasonably well-regarded prospect — Cleveland regrettably traded Junior Caminero to the Rays for him when the slugging infielder was in rookie ball — but he’d seemingly hit a wall in the upper minors. Milwaukee added him as a minor league free agent over the 2022-23 offseason, and he’s now a secondary but meaningful part of a trade that netted them a pair of top prospects.

Williams and Sproat each placed on the back half of Baseball America’s Top 100 prospects list, which was released this morning. BA had Williams as the slightly more highly regarded of the two, but they’re essentially within the same tier. Williams is a right-handed hitter whom the Mets took in the first round out of a Dallas-area high school in 2022. He’s on the shorter side at 5’7″ but has plus athleticism and an up-the-middle defensive profile. Scouts credit him with plus speed and a strong arm with more power than one might expect based on his size.

That athleticism was on display in the upper minors. Williams combined for 17 homers and 34 stolen bases while hitting .261/.363/.465 across 572 plate appearances. He looked no worse for wear after a right wrist surgery had cost him a good chunk of the ’24 season. Williams raked at a .281/.390/.477 clip in Double-A. He struggled after a second half promotion to Triple-A, where he hit .209 with a .285 on-base percentage across 34 games. That’s not a huge concern for a 21-year-old who would have been young for the level even if he’d spent the entire season in Double-A.

Williams is a patient hitter who has worked a lot of walks in the minors. Although big league pitchers will be better positioned to attack the smaller strike zone, he has the makings of a potential top-of-the-lineup spark plug. Williams has played mostly shortstop and has experience at second base and in center field. He’s likely to begin the season at Triple-A Nashville and could challenge Joey Ortiz or Garrett Mitchell/Blake Perkins for playing time midway through the season.

Sproat, 25, is a big league ready rotation option. A second-round pick out of the University of Florida in 2023, he debuted as a September call-up. The 6’3″ righty made four starts, giving up 11 runs across 20 2/3 innings. Sproat otherwise spent the season in Triple-A, where he worked to a 4.24 ERA across 121 frames. He fanned 22.1% of opponents while issuing walks at a slightly elevated 10.4% clip. He has a six-pitch mix and works in the 96-97 MPH range on his sinker and four-seam fastball.

Baseball America’s scouting report credits Sproat with a plus changeup and slider. They write that he has the upside of an average or better starter, albeit with some relief risk based on his average control. He’s not as highly-regarded as McLean or Tong, but it’s not surprising the Mets weren’t willing to part with either of those prospects for a rental. McLean seems categorically untouchable. Michael Marino reported that Milwaukee had tried to involve Tong in discussions on Peralta but were quickly rebuffed. They then turned to a Williams/Sproat framework. It seems they needed to part with Myers to push the deal over the top.

Milwaukee wasn’t going to move Peralta without landing a strong prospect return. His salary was affordable enough that they didn’t need to trade him for salary relief. They certainly weren’t going to re-sign him, though, and it’s their usual operating procedure to hear clubs out on veteran stars who are approaching free agency. It doesn’t make a trade inevitable — they held Willy Adames and let him walk for a compensatory draft pick — but Peralta joins Josh Hader, Corbin Burnes and Williams as recent stars traded within a year or two of reaching the open market.

The Brewers never go into a full rebuild. They’re coming off a 97-win season and advanced to the NLCS. They’ll expect to compete for a fourth consecutive NL Central title. Milwaukee won the division in ’24 after the Burnes trade, which was the most direct parallel for their decision on Peralta. They also landed two prospects in that deal, Ortiz and left-hander DL Hall, who were borderline Top 100 talents who were at the MLB level. Williams and Sproat are probably a little more highly-regarded than the players they got in the Burnes trade, though their deal with Baltimore also included a competitive balance draft pick and didn’t involve the secondary piece in Myers.

Brandon Woodruff will slot atop the rotation after accepting the qualifying offer. Quinn Priester, Jacob Misiorowski, Logan Henderson, Chad Patrick, Robert Gasser and Sproat could all battle for jobs. The Brewers haven’t closed the door on giving Angel Zerpa or Aaron Ashby rotation looks, though they’re each likelier to end up in relief. President of baseball operations Matt Arnold acknowledged that getting Woodruff back made them more comfortable parting with Peralta (relayed by Curt Hogg of The Milwaukee Journal-Sentinel).

There’s a lot of upside with this group, but they’ll probably need to dip into the lower tiers of free agency for a back-end arm to provide innings. RosterResource projects their payroll around $126MM, roughly $11MM north of where they began the ’25 season. They should nevertheless be able to sign a starter for a few million dollars as Spring Training approaches. They wouldn’t have issued the QO to Woodruff if ownership weren’t willing to approve at least a slight payroll bump.

Milwaukee fans are familiar with the churn, but it’s surely a blow to lose another homegrown star and fan favorite. Peralta was third in franchise history in strikeouts and eighth in wins. He’s a two-time All-Star who has been a part of seven playoff teams over the past eight years. He’s out of the division but anchoring the rotation for what looks to be one of their top competitors in the National League.

Michael Marino first reported that the Brewers and Mets were discussing Peralta for Williams and Sproat. Pat Ragazzo of Sports Illustrated indicated talks were accelerating, while Jeff Passan of ESPN first had the agreement. Joel Sherman of The New York Post reported Myers’ inclusion. Respective images courtesy of Benny Sieu, Michael McLoone, Sam Navarro and Brad Penner — Imagn Images.