Here are three things we’ll be keeping an eye on around the baseball world today:
1. Arbitration filing deadline:
Today is a big day on MLB’s offseason calendar, as Thursday marks the deadline for teams and players to exchange figures ahead of salary arbitration. Most of those cases will end in the two parties settling on a salary to avoid arbitration, but any team that still has unsigned players after today will be scheduled for a hearing in front of a three-person arbitration panel. It’s a messy process that can cause discord between player and team. Arb hearings present a difficult balancing act for teams that simultaneously wish to avoid damaging the relationship they have with their players but also are incentivized to hold a firm line on arbitration-level salaries to avoid setting damaging future precedents. The official deadline to reach an agreement is scheduled for noon CT, but teams and players will continue negotiations until the more firm deadline to file figures at 7pm CT this evening. As always, MLBTR contributor Matt Swartz delivered projected arbitration salaries for every eligible player in the game at the outset of the offseason.
2. What’s next for the Cubs?
After what had been a quiet offseason focused mostly on retooling the team’s bullpen, the Cubs made their first big splash yesterday when they swung a trade for talented right-hander Edward Cabrera. Chicago surrendered top outfield prospect Owen Caissie (alongside younger infield prospects Cristian Hernandez and Edgardo De Leon) to the Marlins in exchange for Cabrera’s services. Cabrera is controlled via arbitration for the next three seasons and is projected for a salary of just $3.7MM in 2026. That should give Chicago ample space in the budget to get involved elsewhere in the free agent market. With a rotation that suddenly looks quite deep, that could mean a more aggressive pursuit of top free agent bats. The Cubs have been connected to Alex Bregman throughout the winter, and in recent days have also been tied to Bo Bichette and even old friend Cody Bellinger. A reunion with outgoing star Kyle Tucker still seems unlikely, but could a big free agent splash be in store for the Cubs before the season begins?
3. Will the rotation market keep moving?
Yesterday’s Cabrera trade took another big piece off of the trade market, leaving only a handful of starters left to pursue on that front. Brewers righty Freddy Peralta is perhaps the most talked-about player at this point and could be an impactful rental for an acquiring team, but other players (e.g. Nationals lefty MacKenzie Gore, Mets righty Kodai Senga, Royals lefty Kris Bubic, Reds righty Brady Singer) could all theoretically be available in the right deal. Meanwhile, the lower tiers of the free agent market saw a bit of movement yesterday when the Rockies agreed to a one-year deal with right-hander Michael Lorenzen. Less active has been the high-end rotation market in free agency, where arms like Framber Valdez and Ranger Suarez still remain.



