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Cardinals Outright Matt Koperniak

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December 19th: The Cards announced that Koperniak has cleared waivers and been sent outright to Triple-A Memphis.

December 17th: The Cardinals announced that outfielder Matt Koperniak has been designated for assignment. That’s the corresponding 40-man move for right-hander Dustin May, whose signing is now official.

Koperniak, 28 in February, has been with the Cards since signing with them as an undrafted free agent in 2020. From 2021 to 2023, he produced pretty solid results as he climbed the minor league ladder. Across those three seasons, he stepped to the plate 1,399 times. His 10.1% walk rate and 16.1% strikeout rate were both solid figures. He produced a combined line of .293/.375/.441, which translated to a wRC of 112, indicating he was 12% better than league average at the plate.

He seemed to find a new gear in 2024, his first full season at Triple-A. He hit 20 homers and slashed .309/.370/.512 for a 128 wRC+. That may have been a bit fluky, as he got some help from a .351 batting average on balls in play, but the Cards seemed to believe in him. They added him to the 40-man roster in November of that year to keep Koperniak out of the Rule 5 draft.

He spent 2025 back at Triple-A on optional assignment and his results backed up. His home run tally dropped to 14, despite taking 23 extra plate appearances. His BABIP dropped to a more average-ish .283. He finished the season with a .246/.317/.382 line and 85 wRC+.

The Cards are rebuilding and will be giving playing time to younger players in 2026 but Koperniak wouldn’t have been at the front of the line after that performance. He’s instead been bumped off the roster and into DFA limbo. The Cards will now see if there’s any trade interest in him. If not, he’ll be put on waivers. He does still have a couple of options remaining and is considered a strong defensive outfielder, with experience at all three spots. If some club out there likes him, they could acquire him and keep in Triple-A as depth as they hope for a bounceback at the plate.

Photo courtesy of Sam Navarro, Imagn Images

Phillies Acquire Kyle Backhus

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The Phillies announced that they have acquired left-hander Kyle Backhus from the Diamondbacks. Minor league outfielder Avery Owusu-Asiedu goes in the other direction. The move opens a 40-man spot for Arizona, which should allow them to make their agreement with Merrill Kelly official. Philly’s 40-man count goes from 37 to 38.

Backhus debuted for the Diamondbacks this past season. The 27-year-old scuffled to a 4.62 ERA across 32 appearances. Arizona’s ever-changing mix of late-inning options allowed Backhus to factor into high-leverage situations, and he recorded a pair of saves and 10 holds. He notched a one-out save in his final appearance with the big-league club, coaxing a flyout with the bases loaded to finish off a 6-4 victory in mid-September. He was sent back to Triple-A Reno shortly after.

Arizona added Backhus as an undrafted free agent in 2021. After posting middling results in a half-season of professional ball, he began to gain traction as a backend reliever. Backhus posted a hefty 34.5% strikeout rate between High-A and Double-A in 2022, earning three saves at each level. He locked down 10 more saves at Double-A the following season, leading to a promotion to Triple-A. Injuries limited Backhus to 35 2/3 innings in 2024. He received an invite to Spring Training this year, and while he didn’t break camp with the club, a strong couple of months at Reno saw Backhus get the call to Arizona.

Backhus is a sinkerballer who doesn’t light up the radar gun, but comes from a unique slot. Statcast had his arm angle at nine degrees, which was among the lowest in the league. Backhus also ranked in the 96th percentile for extension. Interestingly, the low arm slot and sinker-heavy approach didn’t lead to many ground balls. Backhus had a below-average 37.8% ground ball rate. He did a decent job limiting hard hits, but gave up an elevated amount of contact in the air to the pull side.

The Backhus addition comes on the heels of a trade that sent fellow lefty Matt Strahm to Kansas City. Strahm led the Phillies with 22 holds in 2025. Jose Alvarado will likely step into the lefty setup role vacated by Strahm, with Tanner Banks on hand as a lower-leverage southpaw option. Backhus will serve as a depth option who could step in if injuries or poor performance afflict Philly’s bullpen.

Philadelphia took Owusu-Asiedu in the ninth round of the 2023 draft. He delivered nine home runs and 17 stolen bases at Single-A in 2024, but it came with a .192 batting average and a 36.1% strikeout rate. Owusu-Asiedu was able to trim his strikeout rate to 24% between Single-A and High-A this past season. He also racked up 33 steals in 107 games.

The 22-year-old Owusu-Asiedu has experience at all three outfield positions. He made at least six starts in left field, center field, right field, and DH with High-A Hillsboro.

Front Office Subscriber Chat Transcript

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Anthony Franco

  • Hey everyone, hope you've had a good week!
  • Will need to keep this one right around an hour because Steve's not feeling well and this afternoon has been crazy. Let's get rolling

Bucs fan

  • Please evaluate the trade from the Pirates perspective

Ben Cherrington

  • WAIT!  WAS THAT REALLY ME?

Anthony Franco

  • Might as well start with thoughts on the trades since they're top of mind
  • I really like the three-team deal for everyone involved. Probably most favorable for it on Pittsburgh's end though. Lowe's a massive offensive upgrade and I'm still very much in on Montgomery even though this year was a disappointment
  • There's probably only a 20% chance that Montgomery throws enough strikes to click to his full potential, but if he does, it's top 10 reliever in MLB type stuff. As a developmental second piece, absolutely in on that
  • Mangum's a fine extra outfielder. Never really been in on him as a prospect but he's already carved out a better pro career than I assumed he'd have based on the limited physical tools
  • I like Burrows quite a bit but they needed to trade a starter for offense and he was always the one who offered the best blend of real trade value without the huge ceiling of Ashcraft, Jones, Chandler etc.
  • The Astros needed a cheap mid-rotation arm and got it without giving up Meyers or Cam Smith. I'm lowest on it from the Rays perspective relatively speaking, but they'll be able to get an immediate look at Melton and must love Brito, since he reportedly came up when they were kicking around Baz with Houston. I think it works for all involved

MattStats5

  • Orioles need arms, and Baz is a solid pick up. Seems like an overpay to me, though. Your thoughts?

Anthony Franco

  • Yeah, this one I just prefer from Tampa Bay's end. I get the appeal with three years of control over Baz but the inconsistency, middling command, and injury history give me enough pause that I would not have gone as far as Baltimore did
  • Baltimore needed a starter who has upper mid-rotation ceiling and Baz provides that. I don't know what the ask would have been with Miami on Cabrera or if Gore was feasible given the organizational history, but I'd rather have either of those pitchers than Baz

Mariners

  • Do you think this happened because Pittsburgh was told they were out on either Marte or Donovan?

Anthony Franco

  • They could still make either of those guys work by using Lowe at DH or kicking Donovan around the diamond, but I never felt like Pittsburgh was the top landing spot for either one
  • You've got the intra-division complications with STL. I still remain skeptical that the D-Backs are trading Marte despite all the smoke and even if they do, that's a pretty big contract by Pirates standards to take on while giving up a ton of young pitching talent

Philly A's

  • The Phillies trading Strahm is confusing, $7.5m isnt really that much of a salary dump.

Anthony Franco

  • Agreed. Felt like they were determined to trade one of the lefty reliever (ideally him) for reasons that were never entirely clear to me
  • The velocity has trended down so maybe they just think he's cooked, but like you mentioned, the $7.5M salary is fine. Bowlan was pretty good this year and maybe they build him back into a swing role?

Al

  • How likely is it that Jordan Walker will be traded?

Anthony Franco

  • I don't see the point of doing it this winter, value is way down. I'd give him one more shot

Bob T.

  • It appears that the Angels are following the same script as the last ten plus years. They are still in the same boat as before the Winter Meetings. They still need a CF, 2B, 3B another starter or more and a closer.
    will Arte loosen the purse strings or is this the team he intends to field. I can see 100 losses this season. Thoughts?

Anthony Franco

  • They've got enough payroll space even relative to last season that I think they'll at least come away with a third baseman and another leverage reliever
  • That's still not enough but I'll say that within those restrictions, I'm a little more bullish on the Rodriguez, Manoah and Grissom dice rolls than I have been on their buy-low candidates of the previous few years

Bill

  • All of the Braves projected needs seem  to have been addressed except for a starter, whom do you think is likely in the remaining group?

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Padres Re-Sign Michael King

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December 19th: The Padres officially announced their deal with King today.

December 18th: The Padres have an agreement to re-sign Michael King to a three-year contract with opt-outs after the first two seasons. The Excel Sports Management client is reportedly guaranteed $75MM.

He’ll receive a $12MM signing bonus and a $5MM salary for the 2026 season. He’d collect a $5MM buyout if he opts out of the remaining two years and $53MM. King would make $28MM in 2027 if he opts in and would then have a $30MM player option for the ’28 campaign. While the Padres have yet to announce the deal, he has reportedly already passed his physical.

It’s a surprise strike for a San Diego team that had seemed likely to lose King and Dylan Cease in free agency. It wasn’t clear whether they’d have the short-term spending capacity to keep either pitcher. While they were never expected to come close to the $210MM guarantee which Cease received, they’ll bring King back on a short-term deal to help a rotation that was their top priority.

The 2026 season will be the righty’s third in San Diego. The Padres acquired King as the centerpiece of their Juan Soto return over the 2023-24 offseason. He had run with a limited rotation opportunity late in his final season as a Yankee after years of strong work out of the bullpen. San Diego committed to him as a full-time starter and was rewarded with a career season.

King pitched to a 2.95 earned run average with 201 strikeouts over 173 2/3 innings. He finished seventh in NL Cy Young balloting and entered his walk year as a candidate for a nine-figure contract. He looked on his way to a $150MM+ deal after getting out to an even better beginning to the ’25 campaign. He turned in a 2.59 ERA while striking out 28.4% of batters faced over his first 10 starts.

The Padres scratched King from his outing on May 24 with stiffness in his throwing shoulder. Then-manager Mike Shildt initially framed it as a minor issue that arose when the pitcher slept awkwardly. It proved a much bigger problem. King went on the injured list with what the team called inflammation. They subsequently determined it was a nerve injury that came with a nebulous timeline. He wound up missing almost three months.

King made his return on August 9. He made one start before going back down with left knee inflammation. That cost him another month, and he wasn’t as effective when he made it back for good in September. King didn’t get beyond five innings in any of his final four starts. He gave up 10 runs over 15 2/3 innings. Most of the damage came in an eight-run drubbing at the hands of the Mets on September 16. King’s final two appearances were scoreless, but those came with an uninspiring 7:6 strikeout-to-walk ratio.

The Padres didn’t fully trust King going into October. They opted for Nick Pivetta, Cease, and Yu Darvish to start in their Wild Card Series loss to the Cubs. King’s only playoff action was one scoreless inning of relief in the decisive Game 3. He struck out three of four batters while averaging 95.6 MPH on his fastball. That was his highest single game velocity of the season. That’s to be expected during a one-inning appearance with the heightened adrenaline of a must-win game, but it was an encouraging sign for the health of his shoulder.

San Diego issued the $22.025MM qualifying offer. It was an easy call for King to decline in search of a multi-year deal. This arrangement functions as a bit of a pillow contract but with a much higher floor than the one-year QO would have provided. King would make $22MM if he opts out after one year. That result would be the same as if he’d accepted the qualifying offer.  The extra two guaranteed seasons afford him a lot more injury protection.

King’s guarantee technically falls just shy of MLBTR’s four-year, $80MM prediction. However, the higher average annual value and the opt-outs make this a stronger overall deal for the player. He’ll have a chance to return to free agency in advance of his age-32 season and cannot be tagged with another qualifying offer. A healthier season could position him for a four- or five-year contract.

Health is no small caveat. The ’24 campaign is the only time King has reached even 105 innings in a season. While that’s in part because the Yankees used him as a reliever, King missed extended stretches in 2021 (finger contusion) and ’22 (elbow fracture) in addition this year’s shoulder woes. The Padres are taking on some injury risk but get the upside of a potential top-of-the-rotation arm on a short-term deal.

King and Pivetta project as their top two starters. San Diego has reportedly discussed the latter in trade conversations but would need a huge return to move him. Joe Musgrove is back from Tommy John surgery and slots into the #3 rotation spot. They’ll be without Darvish for the entire season, so the final two starting jobs are up for grabs. Randy Vásquez and JP Sears lead the internal options, but the Padres could look for a cheaper back-end/swing type later in the winter. They’ll surely kick the tires on controllable arms in trade, as well, as both Pivetta and King can opt out.

San Diego’s projected payroll climbs to $218MM, as calculated by RosterResource. The backloaded nature doesn’t change the $25MM AAV used for luxury tax purposes. They’re up to a projected $259MM in tax commitments. They’ll exceed the $244MM base threshold for the second straight season. Repeat payors are taxed at a 30% rate for their first $20MM in overages. Re-signing King costs around $4.5MM in taxes.

The more significant development is that it moves them closer to the $264MM second tier, at which the rate climbs to 42%. The Padres had nearly $280MM in luxury tax commitments this year, according to Cot’s Baseball Contracts. Their actual salary obligations were around $209MM, though, so it’s unclear how much more flexibility the front office has at its disposal. In addition to the need for a back-end starter, they should acquire another bat to plug in at first base or designated hitter and could use a better utility infielder than Will Wagner and Mason McCoy.

King’s deal is the second-largest of the offseason in what has been a slowly developing market for free agent starting pitchers. Cease is the only other starter who has signed for more than $40MM so far. The rotation market should pick up in the next few weeks. NPB star Tatsuya Imai needs to sign before his 45-day posting window closes on January 2. Framber Valdez, Ranger Suárez and Zac Gallen join Imai as the top unsigned arms.

Mark Feinsand of MLB.com was first on the agreement, contract terms, and the note that the physical is already complete. Image courtesy of Vincent Carchietta, Imagn Images.

Giants Sign Adrian Houser

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December 19th: The Giants have officially announced the Houser signing but haven’t yet announced a corresponding move.

December 16th: The Giants and righty Adrian Houser are in agreement on a two-year, $22MM contract, reports ESPN’s Jeff Passan. There’s a club option for a third season. Houser, a client of the BBI Sports Group, will presumably step right into San Francisco’s rotation next season after a rebound showing in 2025. The Giants, who also announced a one-year deal with former Tigers closer Jason Foley less than an hour ago, will need to free up a pair of 40-man roster spots, as they were already at capacity prior to either of those two agreements.

Houser, who’ll turn 33 in February, was a steady presence in the Milwaukee rotation for several years. From 2021-23, Houser started 68 games for the Brewers (in addition to five relief outings) and logged a 3.94 ERA. His 17.6% strikeout rate and 9.4% walk rate were both worse than average, but Houser piled up grounders at a 51.3% rate and managed to consistently avoid the long ball (0.83 HR/9).

The Brewers traded Houser to the Mets in the 2023-24 offseason, ahead of what was set to be his final season of club control. He struggled through his lone year in Queens (5.84 ERA in seven starts and 16 relief outings) before being designated for assignment and cut loose. He wound up settling for a minor league contract with the Rangers in free agency last winter. Texas didn’t bring him up to the big leagues prior to an opt-out date, so Houser returned to the market and signed a big league deal with the White Sox — a decision that now stands as a turning point in his career.

Houser hit the ground running and never looked back. In 11 starts with the ChiSox, he pitched 68 2/3 innings of 2.10 ERA ball. As was the case in Milwaukee, Houser posted a strikeout rate well shy of the 22% league average (17.1%), but he did so with better command (8% walk rate) and even fewer round-trippers (0.39 HR/9). Houser’s home run suppression didn’t seem sustainable; only 4.6% of the fly-balls he surrendered with the Sox turned into homers — miles south of the league-average 11.9% mark and his own career mark of 11.5%.

Following a trade to Tampa Bay, Houser indeed saw his home run luck run out. His homer-to-flyball rate jumped to 11.9%, and he averaged 1.12 homers per nine frames. The resulting 4.79 ERA was pretty closely in line with his 4.62 SIERA with Chicago. Still, Houser proved a durable source of innings down the stretch for the Rays, pitching 56 1/3 frames across 10 starts. Overall, he finished out the season with a 3.31 ERA, 17.8% strikeout rate, 7.3% walk rate, 48.9% ground-ball rate and 0.73 HR/9.

Houser will slot into new skipper Tony Vitello’s rotation behind Logan Webb, Robbie Ray and Landen Roupp. The Giants have a host of candidates for the fifth and final spot on the staff, including (but not limited to) Blade Tidwell, Carson Seymour, Kai-Wei Teng, Trevor McDonald, Hayden Birdsong and well-regarded prospect Carson Whisenhunt.

The Giants have been on the hunt for rotation help this winter, and while they’ve been connected to some of the more prominent names on the market, ownership has publicly expressed a reluctance to commit long-term to a starting pitcher. That’s made fits with pitchers like Tatsuya Imai, Framber Valdez and Ranger Suarez seem unlikely, though it’s at least plausible that the Giants could look to further augment their starting staff via the trade market or another shorter-term deal such as today’s Houser agreement.

Given Houser’s inconsistent track record, lack of missed bats and generally unsustainable level of home run suppression with the White Sox, it’s a fairly steep price for the Giants to pay. Then again, San Francisco’s Oracle Park is one of the most pitcher-friendly venues in the sport. Oracle Park is particularly tough on left-handed home run power, which dovetails nicely with Houser’s skill set. He held right-handers to an awful .249/.293/.320 batting line in 2025 (.234/.296/.339 career) but was tagged by lefties for a .274/.356/.456 batting line last season (and .282/.367/.456 for his career).

The addition of Houser pushes San Francisco to about $203MM of luxury tax obligations, per RosterResource. The Giants are more than $40MM shy of the $244MM first-tier threshold. However, while they’ve paid the tax in the past — doing so as recently as 2024 — it’s not clear whether they’re comfortable doing so in 2026. Ownership comments downplaying the possibility of adding additional long-term deals would suggest at least some trepidation about spending to those heights.

The Giants are still looking for help in the outfield, at second base and/or in the bullpen. While the top-end free agents to whom they were loosely linked earlier in free agency (e.g. Imai, Valdez) don’t seem like realistic targets, barring an about-face from ownership on the team’s stance regarding long-term commitments, there are still various avenues to pursue. Free agency offers no shortage of veteran hitters and relievers available on short-term deals, and San Francisco is reportedly among the teams most aggressively pursuing Cardinals infielder/outfielder Brendan Donovan.

President of baseball operations Buster Posey presumably has several more moves up his sleeve, and while the addition of Houser doesn’t necessarily raise the team’s ceiling much, it does boost the floor of a rotation that was pretty rife with question marks beyond the veteran Webb/Ray tandem up top.

Orioles Interested In JoJo Romero

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The Orioles have shown interest in Cardinals left-hander JoJo Romero, reports Derrick Goold of The St. Louis Post-Dispatch. The O’s join the Yankees and Mariners as club connected to Romero this month.

Romero, 29, is one of the most straightforward trade candidates of the offseason. He is slated for free agency after the upcoming campaign. With the Cardinals rebuilding, there’s little sense in hanging onto him. They could wait to trade him at the deadline but that path carries risks, as the Cards know. They held onto Erick Fedde and Ryan Helsley going into 2025 and saw both pitchers decrease their respective trade values with poor performances. Even if Romero keeps performing, any pitcher can get hurt at any time, which is another reason to cash him in now.

Since being acquired from the Phillies in 2022, Romero has tossed 171 innings for the Cards, allowing exactly three earned runs per nine. His 23.4% strikeout rate and 9.1% walk rate in that time are both pretty close to typical league averages but his 53.7% ground ball rate is quite strong. He averages around 94 miles per hour with his four-seamer and sinker while also mixing in a slider, cutter, curveball and changeup. He has recorded 12 saves and 64 holds.

Romero isn’t an overpowering bullpen arm by today’s standards but his results have been consistently solid. MLBTR contributor Matt Swartz projects him for a $4.4MM salary next year, very affordable in the current landscape.

The Baltimore bullpen has changed a lot in the past six months. They fell out of contention this year and went into seller mode at the deadline. They flipped Gregory Soto, Seranthony Domínguez and Andrew Kittredge to other clubs. In August, Félix Bautista required shoulder surgery, a procedure with an estimated recovery time of 12 months. This offseason, they have re-acquired Kittredge from the Cubs and signed Helsley.

They currently have four lefty relievers on the 40-man roster, in Keegan Akin, Dietrich Enns, Grant Wolfram and Josh Walker. Akin has had some solid years with the Orioles but had an uncharacteristic 12.3% walk rate this year. Enns is about to turn 35 and worked as a swingman in 2025 after a few years pitching in Asia. Wolfram and Walker each have fewer than 30 big league innings pitched. Romero would immediately jump to the top of that group if the O’s were able to acquire him.

The lefty relief market has been surging a bit lately. In the past two weeks, Soto, Hoby Milner, Tyler Alexander, Drew Pomeranz, Caleb Ferguson and Caleb Thielbar have signed free agent deals. On the trade market, Jose A. Ferrer, Ángel Zerpa and Matt Strahm have been flipped. Free agency still features guys like Sean Newcomb, Justin Wilson, Danny Coulombe, Andrew Chafin, Brent Suter and others. There are many theoretical trade candidates but Romero is the most obvious one.

Photo courtesy of David Frerker, Imagn Images

Royals To Sign Abraham Toro To Minor League Deal

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The Royals and infielder Abraham Toro have agreed to a minor league deal, reports Daniel Álvarez-Montes of El Extrabase. The Republik Sports client also receives an invite to big league camp in spring training.

It’s an early birthday present for Toro, who turns 29 tomorrow. The trilingual Québécois infielder has appeared in the past seven big league seasons as a part-time, multi-positional player. He was with the Red Sox in 2025 but he was outrighted off the roster in August. He became a free agent at season’s end, which allowed the Royals to sign him to this deal.

He has 1,582 plate appearances over those seven campaigns. His 17.1% strikeout rate is a few ticks better than average but his 6.4% walk rate is on the low side. He has a combined .223/.285/.356 line over that time, which translates to an 81 wRC+, indicating he’s been 19% worse than league average.

It’s possible there’s a bit more in the bat, as he’s put up more intriguing numbers in the minors. Dating back to the start of 2021, he has 799 minor league plate appearances with a 12.6% walk rate, 19.1% strikeout rate, .286/.380/.474 line and 120 wRC+.

Defensively, he has logged hundreds of big league innings at the non-shortstop infield positions, with brief looks in the outfield corners as well. The Royals are set on the left side of the infield with Bobby Witt Jr. at shortstop and Maikel Garcia at third. On the other side of the dirt, Vinnie Pasquantino has first base locked down. Second base is a bit less settled since Jonathan India and Michael Massey both struggled in 2025.

Kansas City currently has Nick Loftin and Tyler Tolbert on the roster as potential bench infielders but both are still optionable. If the Royals would prefer those guys to get regular playing time, they could be sent to Triple-A. The Royals have added Kevin Newman and now Toro as veteran infielders on non-roster pacts who could potentially take over a bench role. If Toro cracks the roster, he is out of options. If he’s holding a roster spot at the end of the year, he can be retained beyond 2026 via arbitration.

Photo courtesy of Brian Fluharty, Imagn Images

Tigers Sign Four Pitchers To Minor League Deals

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December 19th: Guenther will make $787K if he cracks the roster, per Petzold.

December 18th: The Tigers have made a handful of depth additions in the past few days. Relievers Jack Little and Sean Guenther return on minor league contracts after being non-tendered, according to the MLB.com transaction tracker. They’re adding left-hander Enmanuel De Jesus on a minor league deal that’d pay him at a $1.3MM rate if he makes the big league roster, reports Evan Petzold of The Detroit Free-Press. Righty reliever Cole Waites will also be in camp as a non-roster invitee after signing a minor league deal last week, as first reported by Ari Alexander of 7 News Boston.

Guenther is the only of the four pitchers who has appeared in a game for the Tigers. The left-hander has pitched 31 1/3 innings of 2.30 ERA ball over the past two seasons. He didn’t miss enough bats to support the excellent run prevention mark and has been an up-and-down middle reliever. Guenther missed the final three months of the ’25 season working back from hip surgery. Detroit used the non-tender deadline to drop him from the 40-man roster with an eye towards bringing him back on a minor league contract.

They did the same thing with Little, whom they’d claimed off waivers from Pittsburgh a couple weeks earlier. The 27-year-old righty (28 in January) debuted with two appearances for the Dodgers this year. He spent the rest of the season in Triple-A, where he turned in a 4.06 ERA with a modest 20.2% strikeout percentage over 62 innings.

De Jesus, 29, returns to affiliated ball after two seasons in Korea. He spent a year apiece with the Kiwoom Heroes and the KT Wiz. De Jesus worked out of the rotation and posted a sub-4.00 ERA while starting 30 games in both seasons. He struck out 24% of opponents with a 3.81 earned run average in 335 combined frames. The Venezuela native pitched in two MLB games for the Marlins in 2023.

Waites also most recently appeared in the big leagues two years ago. He allowed seven runs in eight innings for the Giants between 2022-23. He underwent elbow surgery late in the ’23 season and has missed most of the past two seasons. The 27-year-old Waites owns a 4.46 ERA in 43 career appearances at the Triple-A level.

The Opener: Holiday Rush, Starting Pitching Free Agents, Murakami

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Here are three things we’re keeping an eye on going into the final weekend before the holiday break…

1. Last-minute shopping?

The hot stove tends to slow down a bit around the holidays and Christmas is on Thursday next week. Will that spur teams and players to get some things done before the shops close? Already this morning, before this post could even go up, the Padres agreed to a deal with Sung Mun Song and the Phillies traded Matt Strahm to the Royals for Jonathan Bowlan.

2. Rotation market moving?

The starting pitching section of free agency has been moving a bit slower than other segments. The Blue Jays quickly snapped up Dylan Cease but then things went quiet for a few weeks. Things have seemingly picked up a bit, as Michael King, Merrill Kelly, Dustin May and Adrian Houser have come off the board in the past week. Tatsuya Imai, Framber Valdez, Ranger Suárez, Zac Gallen and others are still out there and could perhaps see their markets pick up.

3. Ticking clock for posted players.

Players coming from NPB or KBO who are posted for MLB clubs only have a set amount of time to negotiate deals. Song got a deal done just before his posting window was set to close. Munetaka Murakami is now the one with the least amount of sand in the hourglass, as his posting window closes on December 22nd. Imai and Kazuma Okamoto have until early January but might want to get something done before the holidays.

Photo courtesy of Troy Taormina, Imagn Images

Royals Acquire Matt Strahm

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The Royals are acquiring left-hander Matt Strahm in a trade with the Phillies, according to a report from Robert Murray of FanSided. Mark Feinsand of MLB.com reports that right-hander Jonathan Bowlan is headed to Philadelphia in return for Strahm’s services. The clubs have subsequently announced the trade.

It’s a reunion for Strahm and the Royals, as Kansas City drafted the lefty in the 21st round of the 2012 draft. Strahm made his big league debut for the Royals in 2016 and spent parts of two seasons with the club before being shipped to the Padres in a six-trade alongside Travis Wood and Esteury Ruiz in order to acquire Trevor Cahill, Brandon Mauer, and Ryan Buchter. Strahm had a career 3.81 ERA and 4.12 FIP in 56 2/3 innings at the time of the trade. He’ll now return to Kansas City nearly a decade later with more than 500 MLB innings and an All-Star appearance under his belt.

Much of Strahm’s tenure with the Padres was fraught with injuries and ineffectiveness, but a solid season with Boston back in 2022 convinced the Phillies to bring him into the fold. Since arriving in Philadelphia, the lefty has emerged as one of the league’s most effective relievers. He has a 2.71 ERA in 212 2/3 innings of work over the past three years with a 2.82 FIP and a 3.01 SIERA. That’s the eighth-most innings of any pitcher with ten starts or fewer over the past three seasons, and among qualified relievers his ERA ranks 10th, his FIP ranks 15th, and his SIERA ranks 21st.

That’s an elite combination of quality and quantity that virtually any bullpen would benefit from adding, and the Royals are no exception. Strahm figures to join closer Carlos Estevez and righty Lucas Erceg at the back of the Kansas City bullpen to create the best late-inning trio the Royals have had since the 2015 club’s “three-headed monster” of Greg Holland, Wade Davis, and Kelvin Herrera. With solid arms like Nick Mears, John Schreiber, and Daniel Lynch IV set to cover the middle innings, it’s not hard to imagine the Royals entering 2025 with one of the stronger top-to-bottom bullpens in the American League thanks to this trade.

The loss of Strahm will surely sting for the Phillies somewhat, but the club remains fairly well set up in terms of their late-inning mix. Jhoan Duran remains one of the league’s top closers, and the recently-acquired Brad Keller was one of the top setup men in the majors last year with the Cubs. From the left side, Jose Alvarado and Tanner Banks should form a quality duo, and Alvarado in particular has offered elite production in the past. Strahm’s name has long been in trade rumors this winter, and clearing his $7.5MM salary off the books could help the Phillies in the pursuit of a reunion with catcher J.T. Realmuto or help them to afford the addition of another outfielder, who could help contribute alongside Brandon Marsh, Adolis Garcia, and top prospect Justin Crawford.

Aside from the financial incentive to make the trade, the Phillies will also receive the services of Bowlan, a 29-year-old righty who made his big league debut in 2023 but just got his first extended look in the majors last year. Bowlan pitched quite well across 44 1/3 innings for Kansas City in 2025, posting a 3.86 ERA with a 3.97 FIP in that time. He struck out 25.6% of his opponents with a 9.4% walk rate and a solid 48.7% ground ball rate. That ability to generate both strikeouts and grounders should make Bowlan an effective, low-cost addition to a Phillies pen that has plenty of solid options in the late innings but has plenty of spots still fairly unsettled. With less than one year of service time under his belt, Bowlan can be controlled through the end of the 2031 season, affording Philadelphia the opportunity to bring in an arm that could be part of their relief mix for years to come.

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