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Padres To Exercise Option On Ramon Laureano

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The Padres are exercising their $6.5MM option on outfielder Ramón Laureano, reports Jon Heyman of the New York Post. That was an easy call coming off Laureano’s excellent 2025 season.

The righty-hitting outfielder put up a .281/.342/.512 batting line with 24 home runs over 488 plate appearances. He divided that between the Orioles and Padres, who acquired him alongside Ryan O’Hearn in a deadline deal that sent six prospects to Baltimore. Laureano and O’Hearn each continued to hit well down the stretch. Laureano posted a .269/.323/.489 line with nine longballs and doubles apiece and a pair of triples in 50 games with San Diego.

A broken index finger on his right hand kept Laureano off the Padres’ Wild Card Series roster. It’s not expected to impact his availability for Spring Training and certainly wasn’t going to lead them to reconsider a bargain option price. Laureano will be back as San Diego’s starting left fielder. He’ll slot alongside Fernando Tatis Jr. and Jackson Merrill in the outfield for new manager Craig Stammen.

O’Hearn and Luis Arraez are both hitting free agency, so the Padres will need to find an answer at first base or designated hitter. Laureano’s presence means the Padres won’t need Gavin Sheets to play much outfield if everyone’s healthy. The lefty-hitting Sheets had a bad September but was reasonably productive overall, batting .252/.317/.429 with 19 homers. He’s not going to keep the Padres from considering alternatives at first base but projects as the starter there for now — at least against right-handed pitching.

This was the seventh and final option decision for San Diego. Laureano and Wandy Peralta are back, as the lefty reliever decided not to opt out of the remaining two years on his contract. Robert Suarez, Michael King, Elias Díaz, Tyler Wade and Kyle Hart are all free agents. Suarez and King declined their options, while the Padres bought out Díaz, Hart and Wade.

Braves Decline Club Option On Tyler Kinley

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The Braves have declined their club option on right-hander Tyler Kinley, according to a report from Jon Heyman of the New York Post. Kinley will receive a $750K buyout and head into free agency rather than collecting a $5.5MM salary for the 2026 season.

The move to decline Kinley’s option is something of a surprise. The right-hander pitched to a 3.96 ERA with a 3.69 FIP in 72 2/3 innings of work overall in 2025, but those solid yet unspectacular overall results don’t tell the whole story. After being traded away from Coors Field to Atlanta at the trade deadline, Kinley flourished. He posted a microscopic 0.72 ERA in 25 innings of work, striking out 23.4% of his opponents with a 6.4% walk rate. That drop in free passes was especially notable given that he’s walked 11.1% of his opponents throughout parts of eight seasons in the majors, the majority of which came as a member of the Rockies.

Between Kinley’s big step forward in Atlanta, the club’s decision to trade for him at the trade deadline in an non-competitive year in the first place, and a bullpen that already stands to lose Raisel Iglesias in free agency this winter, the $4.75MM decision to keep Kinley in the fold seemed like an easy one for the Braves to pounce on. That’s not the path they’ve chosen, however, and Kinley will now head into free agency to become one of a vast pool of interesting middle relief arms available.

The decision to decline Kinley’s option could suggest some financial limitations facing Atlanta’s front office. Last winter saw the Braves kick off the year by shedding salary in some surprising ways, dumping Jorge Soler’s contract in a trade with the Angels and declining catcher Travis d’Arnaud’s club option while restructuring a number of contracts to provide more short-term financial flexibility. Those efforts allowed Atlanta to add Jurickson Profar to their outfield mix last year, and it’s not impossible to imagine the decision to decline Kinley coming from a desire to make sure that Atlanta has the resources available they’ll need to pursue their goals this winter. It seems likely the Braves will add at least one starter to their rotation, and they’ve made no secret of their desire to retain shortstop Ha-Seong Kim after they claimed him off waivers from Atlanta back in September.

Checking those boxes on the offseason to-do list will come with significant price tags, but finding another quality relief arm for the Braves’ bullpen might be possible to do for less than the $4.75MM they’re saving by parting with Kinley. It’s not uncommon for teams to turn waiver pickups and minor league signings into stalwart bullpen pieces who wind up getting crucial outs in high leverage situations. The Dodgers uncovered a gem in that manner a few years ago when they brought Evan Phillips into the fold, while teams like the Cubs, Rays, and Brewers typically construct nearly their entire bullpen using this method. That strategy has not been on the Braves have employed in the past, instead happily investing significant dollars into contracts for players like Iglesias, Joe Jimenez, Piece Johnson and Aaron Bummer. After a disappointing 2025 season that wound up being the worst of Alex Anthopoulos’s tenure in the organization, however, it’s worth wondering if the decision to part with Kinley could suggest a change in approach.

Cubs Sign Colin Rea To One-Year Extension

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11:05am: The Cubs have officially announced Rea’s contract. MLB.com’s Jordan Bastian broke down the contract structure, noting that Rea will earn $5.5MM in 2026 with a $1MM buyout on a $7.5MM club option.

7:24am: The Cubs have hammered out a restructured deal with right-hander Colin Rea, reports MLBTR’s Steve Adams. It’s a $6.5MM guarantee that includes a club option for the 2027 season and maxes out at $13MM over two years if that option is exercised. Rea is represented by Joe Speed.

Chicago had previously held a $6MM option or a $750K buyout for the upcoming season. The new deal supersedes the buyout, so Rea technically picks up $5.75MM in new money. That’s more than the $5.25MM difference between the option price and the buyout. Rea gets an extra $500K overall, while the Cubs secure an extra year of team control.

The 35-year-old Rea is coming off a solid season. He signed as a swingman and was pressed into the rotation by the middle of April because of the season-ending injury to Justin Steele. Rea was generally good for 5-6 competitive innings each time out. He turned in a 3.95 earned run average while ranking second on the team with 159 1/3 innings. Rea had a pedestrian 19.2% strikeout rate but he rarely issues free passes and did a decent job keeping the ball in the yard.

It’s the third straight season in which Rea has been a capable fifth/sixth starter. He spent the 2023-24 campaigns with the Brewers, combining for a 4.40 ERA with a near-20% strikeout percentage in a little less than 300 innings. Only Freddy Peralta threw more innings for Milwaukee over that two-year stretch. Rea’s flexibility has clearly endeared him to Craig Counsell, who managed him with the Brewers in 2023 and this year with Chicago.

Second-year righty Cade Horton projects as the team’s top starter at the moment. They could get Steele back at some point in the first half. Matthew Boyd, Jameson Taillon and Rea are in the mix at the middle to back end. Javier Assad, Jordan Wicks and Ben Brown could compete for back-end spots (though the Cubs might commit to Brown as a full-time reliever sooner than later).

It’s clearly a light group for a playoff team. The Cubs figure to take a swing for at least a #2 or high-end #3 arm via trade or free agency. That’s all the more true after they declined their three-year option on Shota Imanaga. While there’s a slim chance Imanaga returns if the Cubs make him a qualifying offer, that decision seems to signal that the Cubs are aiming higher in their rotation targets.

The Cubs opened the ’25 season with a player payroll just under $193MM. RosterResource projects them around $154MM, including arbitration estimates, going into next season. They’re more than $70MM shy of the luxury tax threshold. The Rea extension nearly closes the book on the team’s option decisions. Their only remaining one is a $10MM mutual option for Justin Turner. The Cubs will easily decline their end in favor of a $2MM buyout.

Image courtesy of Michael McLoone, Imagn Images.

Don Mattingly Will Not Return As Blue Jays’ Bench Coach In 2026

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10:37am: The Phillies have discussed the possibility of hiring Mattingly to serve as bench coach under manager Rob Thomson, according to a report from Jim Salisbury of PHLY Sports.

10:19am: Don Mattingly is leaving the Blue Jays following their heartbreaking loss to the Dodgers in Game 7 of the World Series last week. Jon Heyman of the New York Post reports that Mattingly won’t return to the Jays organization in 2026 after serving as their bench coach for the past three seasons. Notably, Heyman adds that Mattingly is not leaving the Jays with the intention of retiring from baseball and would be open to “the right job” if the opportunity presents itself.

That could include a managerial gig, which would be the third of Mattingly’s career. The 2020 NL Manager of the Year has 11 years of managerial experience between his time with the Dodgers and Marlins. He’s made the postseason four times as a manager and has a career 889-950 record in the dugout. The Padres have yet to settle on their next manager after Mike Shildt stepped down last month, and the Rockies have left interim manager Warren Schaeffer’s fate undecided while they focus on a search for the next leader of their front office.

That leaves two plausible places where Mattingly could land as a skipper this winter, though it’s unclear if either team actually has interest in him for the role. San Diego has reportedly already settled on a group of finalists and could be nearing a decision, while the Rockies’ preferences in the dugout won’t be known until there’s a new head of baseball operations who can be tasked with making that decision.

Even as Heyman specifically notes Mattingly would have interest in managing, that doesn’t necessarily mean it’s the only job that would hold appeal to the longtime veteran of the game. In addition to his lengthy career as a coach, Mattingly also has 14 years in the majors (including an MVP award in 1985) with the Yankees as a player. Mattingly’s resume and decades of baseball experience should make him someone who would be a valuable addition to almost any club in one role or another.

While Mattingly is currently seeking his next job in the game, this winter could prove to be a busy one for him. The 64-year-old is one of eight players who is on this year’s Hall of Fame Era Committee ballot. If at least 12 out of 16 panelists give Mattingly the nod, he’ll enter Cooperstown next summer. The results of that vote will be announced just over a month from now on December 7.

As for the Blue Jays, manager John Schneider will need to find a new bench coach for the 2026 season. That’s assuming that Schneider himself is returning to the Jays next year. He, like Mattingly, is on an expiring contract this winter. There’s little reason to expect that Schneider wouldn’t return to the Jays after their phenomenal 2025 campaign, however. Clarity on the specifics of the Jays’ coaching staff and any other changes that will be made aside from Mattingly’s departure could come later today, as team president Mark Shapiro and GM Ross Atkins are set to make themselves available to the media for an end-of-season presser later today.

Rays To Exercise Option On Brandon Lowe

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The Rays have informed second baseman Brandon Lowe that they’ll exercise his $11.5MM club option for the 2026 season, reports Marc Topkin of the Tampa Bay Times. It’s the final season on the extension Lowe signed back in March 2019. He’ll wind up having earned $45MM over the eight years on that deal. Lowe is slated to become a free agent next offseason.

There was never any doubt as to whether the option would be exercised. The 31-year-old Lowe has been a consistently above-average hitter throughout his big league tenure, dating all the way back to his MLB debut in 2018. That includes 2025, when Lowe slugged 31 home runs in just 134 games. The lefty-swinging slugger turned in an overall .256/.307/.477 batting line. While his 6.9% walk rate was the lowest of his career, Lowe’s 91.1 mph average exit velocity and 46.4% hard-hit rate were some of the best he’s posted in his eight major league seasons.

The only real uncertainty surrounding Lowe’s option was whether it’d be the Rays or another club picking it up. With just one more year of control on his deal and the Rays’ penchant for trading veteran players as the end of their control windows near, Lowe stands as an obvious trade candidate. Tampa Bay could’ve flipped him to another club before the option decision was due — they could still do the same with closer Pete Fairbanks and his still-pending $11MM option/$1MM buyout, it should be noted — but at least for the time being, Lowe will slot in as the projected second baseman next year.

[Related: Top 40 Trade Candidates of the 2025-26 MLB Offseason]

Over the course of his eight big league seasons, Lowe is a .247/.326/.481 hitter with 157 home runs, 126 doubles, 12 triples, 33 steals, a 9.4% walk rate and a 27.3% strikeout rate. He’s typically graded out as a solid defensive second baseman, though he was dogged by both Defensive Runs Saved (-14) and Statcast’s Outs Above Average (-13) during the 2025 season.

Lowe spent time on the injured list due to both oblique and ankle/foot injuries. It’s feasible that either or both could’ve impacted his performance on the defensive side of the coin. His defensive grades have fluctuated wildly on a year-to-year basis, which perhaps isn’t a major surprise for a player who’s previously been sidelined by back injuries, a bone bruise in his shin and, near the end of the 2023 season, a fractured right patella (kneecap).

Even if Lowe never reclaims his status as an above-average defender following that Sept. 2023 knee injury, his bat will keep him in major league lineups. A move to another position could eventually be possible, too. He’s logged more than 300 innings in the outfield corners over his career, though he’s no longer the above-average runner he was early on, ranking in the 36th percentile of position players with his 2025 sprint speed. Lowe has drawn fine grades in 155 innings at first base as well, and his 30-homer power would play well at that position if a full-time move is needed at any point.

Rays Exercise Option On Taylor Walls

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The Rays and infielder Taylor Walls are in agreement on a deal for the 2026 season, per Marc Topkin of the Tampa Bay Times. The team will be exercising the $2.45MM club option that covers Walls’ second arbitration season but is also adding a club option that proactively covers his third year in 2027. That option is valued at $3.1MM, ESPN’s Jeff Passan reports. Walls is represented by Vayner Sports.

The 29-year-old Walls led the team in shortstop appearances last season, providing quality glovework but little to no production in the batter’s box. The 2017 third-rounder was credited with a superlative 17 Defensive Runs Saved but turned in an anemic .220/.280/.319 line (66 wRC+) at the plate. He did draw walks at close to a league-average clip and has been well above average in that regard throughout his career as a whole. Walls also provided a bit of value on the bases, though his 14-for-20 showing in stolen base attempts wasn’t nearly as efficient as in the earlier years of his career; he entered the season with 52 steals in 62 tries.

Heading into 2026, Walls gives Tampa Bay some cover at shortstop in the event that top prospect Carson Williams needs more time in Triple-A. Williams made his big league debut this year but hit poorly in his first 32 games/106 MLB plate appearances, slashing only .172/.219/.354 with an alarming 41.5% strikeout rate. Williams spent the rest of the season in Triple-A and didn’t exactly light things up there either (.213/.318/.447), though he was just 21 years old for most of his time at the top minor league level.

Williams will head to spring training squarely in the mix for Tampa Bay’s Opening Day shortstop job, but if he struggles in Grapefruit League play, the Rays can send him back to Triple-A Durham for more seasoning and turn shortstop back over to Walls, knowing he’ll at least provide a quality glove and a bit of speed out of the ninth spot in the batting order while Williams rounds out his development. If Williams does nab the shortstop job from the jump next year, Walls can fill a utility role; he’s also drawn strong grades for his defense at second base and third base.

Walls’ 2026 club option contained a $50K buyout, so it was a net $2.4MM decision for the team. He’d have remained under club control even if the Rays had declined the option. MLBTR contributor Matt Swartz had projected Walls for a $2MM salary, so the Rays either projected a higher number for Walls or picked up the option at a marginally higher-than-expected rate as a trade-off to secure another club option year at a relatively low rate.

That same scenario will hold true next winter as well. The Rays could decline the option and still keep Walls for a lesser amount in arbitration, depending on how his season plays out. Today’s deal doesn’t buy out any potential free agent seasons. Walls is still under club control through 2027 and is slated to become a free agent in the 2027-28 offseason.

Justin Turner Becomes Free Agent

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Infielder Justin Turner is headed into free agency after his mutual option with the Cubs was declined, according to an announcement by the Major League Baseball Players Association this morning. It’s not clear who between Turner and the Cubs declined their end of the option, but either way Turner will be paid a $2MM buyout rather than a $10MM salary for 2026.

Turner, 41 later this month, had his first below-average season in over a decade in 2025. The veteran hit just .219/.288/.314 with a wRC+ of 71 in across 80 games and 191 plate appearances. He was largely a bench player for the Cubs this past season, with his primary role in Chicago being to serve as a platoon partner for the lefty-swinging Michael Busch at first base.

In that specific role, Turner actually did reasonably well for himself. He slashed .276/.330/.429 (112 wRC+) in 109 plate appearances against left-handed pitching. That’s a perfectly solid number, but it’s belied by atrocious numbers against same-handed pitching. Righties limited Turner to a slash line of just .141/.232/.155 with a wRC+ of just 16 in 82 trips to the plate. That’s the worst production against right-handed pitching among hitters with at least 70 trips to the plate against righties this year, and it left Turner is negative WAR according to both Fangraphs and Baseball Reference this year.

As Turner nears his 41st birthday, he hasn’t indicated one way or another what his plans are for the future. If he looks to continue his playing career, it’s not hard to imagine a team valuing his experience and leadership in the clubhouse enough to give him an invitation to Spring Training and allow him to compete for a bench role despite his rough 2025 campaign. With that being said, a big league guarantee on the level he received last offseason is hard to imagine, and he’d mostly only fit on a roster that struggles badly at the plate against southpaws.

As for the Cubs, they’ll be looking to largely overhaul their bench mix this winter. Turner and Willi Castro are both headed into free agency, while Reese McGuire is a potential non-tender candidate. A platoon partner for Busch may not be quite as necessary as it seemed this time last year after his breakout 2025 season where he posted a 140 wRC+ and even managed to post a 143 wRC+ against southpaws from July 1 onward. That’s a sample of just 52 plate appearances, however, and if the Cubs do want some insurance they could turn to someone like Wilmer Flores, Ty France, or Connor Joe.

Falvey: Pablo Lopez, David Festa Expected To Be Ready For 2026

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Twins president of baseball operations Derek Falvey recently shared some positive health updates for right-handers Pablo Lopez and David Festa. Falvey told Aaron Gleeman of The Athletic that Lopez is fully healthy and is expected to have a normal offseason. He added that Festa should start throwing soon and is expected to be good to go by spring training.

Lopez hit the 15-day injured list in late September with a right forearm strain. Even at the time, the injury was believed to be mild enough that Lopez could’ve avoided the IL if Minnesota were still in the mix for a playoff spot. Falvey’s statement further supports that notion. It seems the issue will have minimal impact on Lopez going forward, though it was only one of several injuries Lopez dealt with this past season.

The right-hander first hit the IL just three starts into the season with a hamstring strain. He came back near the end of April, only to go down again in early June with a shoulder strain. The shoulder injury resulted in a trip to the 60-day IL and cost Lopez all of July and August. The various maladies capped Lopez at 14 starts, his fewest in a 162-game season since his rookie year back in 2018.

Lopez pitched well when available with a 2.74 ERA across 75 2/3 innings. Lopez allowed two earned runs or fewer in a dozen of his outings. The underlying metrics on his arsenal declined, however, potentially as a result of the start-and-stop nature of his season. Lopez recorded a 23.4% strikeout rate, his worst mark since 2019. He finished with a career-low 93 Stuff+. The Twins are surely hoping that a full offseason to regain his form will help him bounce back in the strikeout department next season.

At the very least, that’s what they’ll be pitching to potential trade partners this winter. Lopez’s clean bill of health figures to make him a more viable trade candidate this offseason than he was during Minnesota’s fire sale at the Trade Deadline. He’s entering the third year of the four-year, $73.5MM extension he signed with Minnesota in 2024. The two years and $43MM left on that deal would be a bargain if Lopez can maintain his status as a #2 starter, and that should make him very attractive to any team who thinks his injuries (and a somewhat middling 2024 campaign) are behind him.

As for Festa, the right-hander is entering his age-26 season next year. He’s pitched to a 5.12 ERA with a 4.27 FIP to this point in his career at the big league level, though that comes in a sample size of just 117 2/3 innings across the 2024 and ’25 seasons. With the Twins having kicked off what looks to be a near complete rebuild over the summer, Festa figures to enter Spring Training with the opportunity to compete for a spot in the starting rotation alongside other young arms like Zebby Matthews, Taj Bradley, and Mick Abel. How many spots will be available to those young arms depends on how aggressive the Twins are in marketing some of their more veteran starters, like Lopez and fellow righty Joe Ryan, throughout the coming winter.

The Opener: Top 50 Free Agents, Qualifying Offers, 40-Man Roster Moves

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As one of the busiest days of the offseason gets underway, here are three things we’ll be keeping an eye on around the baseball world throughout the day today:

1. MLBTR’s Top 50 MLB Free Agents List:

With the 2025-26 class of free agents on the verge of being mostly set in stone this afternoon, we here at MLBTR are excited to unveil our annual Top 50 MLB Free Agents list later today. Some outlets have already published theirs, but we like to wait until Qualifying Offer decisions have been revealed because they can have such a significant impact on a free agent’s market. This makes us a little bit late to the party, but allows us to provide a bit more analysis and (hopefully) more accuracy. It’s our biggest post of the year and you should keep an eye out for it later today! Shortly after that comes out, we will also launch our annual prediction contest, where you can do your best to try and predict the events of an unpredictable offseason.

2. Option, QO Decisions Come Due:

We’re now five days out from the end of the World Series. That means that, later today, free agents will be free to negotiate with all other teams and that any outstanding option decisions will need to be made today. Some of those option decisions could be a catalyst for talks about a larger deal, as was the case for the Colin Rea extension reported by MLBTR’s Steve Adams earlier today.

Also due today are each clubs’ decisions on whether or not to give their outgoing free agents a Qualifying Offer. For those unfamiliar, the QO is a one-year, $22.05MM contract that a club can offer to outgoing free agents who began the year with the team and haven’t previously received one. If that offer is declined, the free agent will enter the market tied to draft pick compensation. MLBTR’s Anthony Franco previewed the upcoming QO decisions for both pitchers and position players last month.

3. 40-man Roster Housekeeping:

As the offseason gets fully underway today, MLB’s 30 teams are faced with a handful of other, smaller moves that need to be made independent of free agency. The 60-day injured list goes away during the offseason, so teams must activate all players currently on the 60-day IL and get their 40-man rosters down to 40 players or less today. That likely means that a number of players will be exposed to waivers today, though it’s also possible teams with excess 40-man roster space could look to work out small trades with teams that need to clear space. The Rays have already participated in two such trades this winter as they landed outfielder Ryan Vilade from the Reds and shipped right-hander Joey Gerber to the Mets.

MLBTR Podcast: Offseason Preview Megapod: Top Trade Candidates

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The latest episode of the MLB Trade Rumors Podcast is now live on Spotify, Apple Podcasts, and wherever you get your podcasts! Make sure you subscribe as well! You can also use the player at this link to listen, if you don’t use Spotify or Apple for podcasts.

This week, host Darragh McDonald is joined by Steve Adams and Anthony Franco of MLB Trade Rumors to discuss…

Check out our past episodes!

The podcast intro and outro song “So Long” is provided courtesy of the band Showoff.  Check out their Facebook page here!

Photo courtesy of Jeff Curry, Imagn Images

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