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Latest On Center Field Market

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The center field market appears to have lots of demand. The Phillies, Mets, Rays, Orioles, Diamondbacks and Royals are all looking for upgrades at the position, according to reporting from Ken Rosenthal and Katie Woo of The Athletic.

Those teams all make logical sense. The Phillies acquired Harrison Bader at the deadline but lost him to free agency a few months later. The Mets did the same thing with Cedric Mullins, who was terrible for them. The Rays had a rotating cast of characters in the outfield in 2025 and are known to be looking for upgrades. The Orioles traded Mullins and then trotted out Colton Cowser, who struggled while playing through broken ribs. The Diamondbacks have been waiting for Alek Thomas to break out for a few years now. The Royals have been struggling to get good production from the grass for a few seasons and are looking for upgrades.

That demand might outpace the supply. The free agent market doesn’t have a standout option. Trent Grisham would have been the headliner but he accepted a qualifying offer to return to the Yankees. Cody Bellinger is out there but he’s more of a corner guy who can play some center, as opposed to an everyday solution. Bader is available and coming off a nice season at the plate but that was fuelled by a .359 batting average on balls in play. Mullins, as mentioned, is coming off a dreadful campaign.

On the trade market, Luis Robert Jr. is available but he’s coming off two straight poor seasons. The Astros are open to moving Jake Meyers for pitching help but Meyers has generally been a light-hitting, glove-first type in his career. Perhaps the Rockies would be open to moving Brenton Doyle but he’s still controlled for four more seasons and it would be a sell-low move for Colorado after his poor 2025 campaign.

The Red Sox might be willing to move Jarren Duran to clear their outfield logjam but Kiley McDaniel and Jeff Passan report that the Sox are looking for a return commensurate with his excellent 2024 season as opposed to his 2025 results. Duran’s combination of offense, defense and speed led to FanGraphs crediting him with 6.8 wins above replacement in 2024. Baseball Reference was even more bullish, giving him 8.7 WAR. He regressed a bit in 2025 and ended up at 3.9 fWAR and 4.7 bWAR. He’ll make $7.7MM in 2026 and can be controlled via arbitration for another two seasons after that.

If the Sox don’t want to sell low on Duran and no one is meeting their asking price, then perhaps he’ll stay in Boston. It does feel like they have to move someone, however. Their outfield mix currently projects to include Duran, Roman Anthony, Ceddanne Rafaela, Wilyer Abreu, Masataka Yoshida and Jhostynxon Garcia. Anthony and Rafaela feel locked in because they have both signed extensions. Rafaela can also play second base but is the best defensive center fielder of the bunch.

Another theoretical trade option is Byron Buxton of the Twins. His contract gives him full no-trade protection through 2026, though it then drops to just a five-team no-trade list for the final two years of the deal. In the lead up to the 2025 deadline, as the Twins sold off a number of controllable relievers and sent infielder Carlos Correa back to Houston, Buxton repeatedly said he wasn’t interested in waiving that clause and wanted to remain a Twin for life.

That stance appears to have softened lately. Reporting last month from Dan Hayes of The Athletic suggested that Buxton would become more open to waiving his clause if the Twins continued tearing down the roster, perhaps by trading Joe Ryan or Pablo López. Twins president of baseball operations Derek Falvey pushed back on the notion that the Twins would be making more sell-side moves but they also haven’t done much this winter to tip the scales either way.

McDaniel and Passan, linked above, say that Buxton is willing to waive his no-trade clause. It’s unclear if they mean that in the same way as Hayes, where it’s conditional on the Twins going down the rebuild road. Presumably, if Buxton is asked to waive his clause at some point, that would be part of a rebuild regardless.

Buxton is an incredibly talented player who has dealt with a lot of injury issues. His career high in games played in 140, which was back in 2017. From 2018 to 2023, he never topped 92 contests in any one season. He got to 102 in 2024 and 126 this year. When on the field, the quality has been great. He just wrapped up a season in which he hit 35 home runs and stole 24 bases. He slashed .264/.327/.551 and was credited with 5.0 fWAR.

His unique contract reflects that uncertainty. He is being paid $15MM annually, a decent sum but about half of what most superstars get. However, he can make millions more based on plate appearances and MVP voting. For the Twins, or a theoretical team rostering him in the future, they’d be happy to pay him the extra since that means he’s on the field and producing. Buxton would surely garner lots of interest if the Twins made him available but it’s still not clear if the club will go down that road.

Photo courtesy of Isaiah J. Downing, Imagn Images

Mariners Among Teams Interested In Brendan Donovan

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As the Cardinals navigate the early stages of a rebuild under new president of baseball operations Chaim Bloom, infielder/outfielder Brendan Donovan stands as perhaps the most appealing trade commodity on the St. Louis roster. The Mariners spent much of last offseason trying to pry Donovan loose from the Cardinals (under then-president of baseball ops John Mozeliak), and they’ve once again approached the Cards to express interest in coming together on a trade involving Donovan, per Adam Jude of the Seattle Times.

Donovan, 29 in January, turned in a sharp .287/.353/.422 batting line in 2025 — about 19% better than league-average performance, by measure of wRC+. He popped 10 homers in 515 plate appearances, piled up 32 doubles, walked at an 8.2% clip and struck out in only 13% of his plate appearances. It’s the fourth straight year of comparable hit-over-power and OBP-fueled offense for Donovan, who’s a lifetime .282/.361/.411 hitter in the majors. He’s walked at a 9.1% clip and fanned in just 13.5% of his 2006 MLB plate appearances dating back to 2022.

On top of Donovan’s generally strong output and impeccable bat-to-ball skills, he’s a gifted defender who can handle just about any position on the diamond. He’s played primarily second base and left field but has some decent experience at shortstop (106 innings), third base (270 innings), first base (151 innings) and in right field (205 innings).

For the Mariners, Donovan is an ideal fit. He can handle second base, third base or an outfield corner — all currently unsettled in Seattle at the moment. Prospects Cole Young and Colt Emerson are highly touted young players who could step up and solidify second base and/or third base, but Young struggled in his first 77 MLB games last year and Emerson is a 20-year-old who’s played all of six games at the Triple-A level thus far. Victor Robles is penciled into right field alongside Randy Arozarena and Julio Rodriguez, but Robles and Dominic Canzone could fill more part-time roles if Donovan is brought in and gets occasional work on the outfield grass.

Donovan also embodies the type of high-contact bat the Mariners have hoped to add in recent offseasons. The M’s had the second-highest strikeout rate of any MLB team in both 2023 and 2024. They dropped to seventh last year. Over the past five seasons, only the Angels (24.9%) have a higher team strikeout rate than the Mariners (24.7%). A full season of Josh Naylor helps to combat that, but 500-plus plate appearances from Donovan would give them a pair of premium contact bats at or near the top of the lineup.

Of course, Donovan’s versatility, production and affordability make him an ideal fit for the majority of contending teams seeking to upgrade their lineup this offseason. MLBTR contributor Matt Swartz projects a $5.4MM salary for Donovan next year. He’ll be owed a raise on that heading into 2027 — his final season of club control (barring an extension between now and then). Any team acquiring Donovan would do so knowing that they can have him for something in the rough vicinity of $15MM total through 2027. It’s an unmitigated bargain, but that also means he’ll come with a lofty asking price. The Mariners, with one of MLB’s top farm systems, are well-equipped to make a compelling offer.

Katie Woo of The Athletic wrote this week that the Cardinals are only inclined to trade Donovan if they’re blown away by an offer they don’t think they can refuse. Interest in Donovan is so high, however, that Woo suggests such an offer is likely to materialize. Jeff Passan and Kiley McDaniel of ESPN offered similar sentiments yesterday, writing that while the Cards “are not eager” to make the move, Donovan’s market is “percolating” and an eventual trade seems likelier than not.

In addition to the Mariners, Donovan is known to have drawn interest from the Pirates, Astros, Guardians and Royals. That’s surely just a fraction of the clubs to have reached out to the Cardinals regarding Donovan. The Dodgers, Yankees and Blue Jays were all tied to Donovan last offseason and/or at this past summer’s trade deadline.

Blue Jays Open To Trading Jose Berrios

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The Blue Jays’ early signings of Dylan Cease and KBO returnee Cody Ponce have deepened a rotation that already included Trey Yesavage, Kevin Gausman, Shane Bieber and Jose Berrios. Lefty Eric Lauer and righty Yariel Rodriguez give Toronto a pair of quality swing options, too, and the Jays still have Bowden Francis and former top prospect Ricky Tiedemann (who should be recovered from 2024 Tommy John surgery) in the upper minors as well.

The magnitude of Ponce’s three-year, $30MM contract presumably puts him squarely into the rotation. Barring a move to a six-man rotation or a spring injury, Toronto will have more starters than rotation places available. Injuries can turn a “surplus” into a deficiency pretty quickly, particularly when it comes to pitchers, but the Jays are willing to trade Berrios, Mitch Bannon of The Athletic reports.

It’s easy to frame this as the Jays adding enough depth that they’re now willing to deal Berrios. That’d be the charitable (to Berrios) way of shaping things. The other and perhaps more likely angle is simply that Toronto wasn’t enamored with Berrios continuing as its fourth starter and has acted decisively with a pair of additions pushing the veteran righty down the depth chart.

Berrios, 32 next May, has been an iron man for the Jays and Twins throughout his big league tenure. He’s started at least 30 games every year since 2018, with the exception of the shortened 2020 season, when he started a full slate of 12 games. No pitcher has started more games (234) or totaled more innings (1367 1/3) than Berrios in that span of eight years.

Along the way, Berrios has generally been an above-average starter. He’s logged a 3.94 ERA, set down 22.6% of his opponents on strikes and only walked 6.8% of the batters he’s faced. Few starters have been this reliable for this long.

Be that as it may, Berrios’ more recent seasons have seen him trend in the wrong direction. After punching out 23.7% of his opponents from 2018-23, he’s dropped to 19.6% over the past two seasons. Add in a 19.8% strikeout rate in 2022, and Berrios has now been under 20% in that regard in three of the past four years. League average in that time has been about 22.5%. Berrios has spent much of his career working with plus command, but this past season’s 8% walk rate — while still slightly better than the 8.4% league average — was up considerably from the 6.3% mark he posted across four prior seasons.

The worrying trends don’t stop there. Berrios’ 93 mph average four-seamer in 2025 was the lowest of his career, while the 92.2 mph average on his sinker was his second-lowest (leading only the 92.1 mph he averaged back in 2019). He also surrendered the highest average exit velocity (90.3 mph) and barrel rate (11.3%) of his career. His opponents’ 42.5% hard-hit rate was the second-highest mark in his MLB run. Berrios has only yielded a hard-hit rate north of 40% in three of his 10 major league seasons. All three have come within the past four years. Unsurprisingly, given the dips in velocity, command and whiffs, Berrios has become more homer-prone; after surrendering an average of 1.17 homers per nine frames from 2017-23, he’s up to 1.43 since Opening Day 2024.

None of this necessarily makes Berrios a bad pitcher. He’s an ultra-durable source of reliable, if unspectacular innings. However, coming off a down season that ended with what was incredibly the first IL stint of his big league career (elbow inflammation), would Berrios match the remaining three years and $66MM on his contract? He’d be hard-pressed to do so — certainly once factoring in the opt-out provision he has following the 2026 campaign and the escalators that could push his remaining guarantee from $66MM to $70MM.

Currently, Berrios is guaranteed $24MM in both 2027 and 2028. Both figures would rise by $1MM if the right-hander pitches a combined 300 innings in 2025-26 and another $1MM if he gets to a combined 350 innings. With 166 frames under his belt in 2025, he’d only need 134 innings in 2026 to secure an additional $2MM and a tougher but plausible 184 innings to tack on yet another $1MM per season. Given his durability, it’s likely that Berrios will at least be promised at least $50MM over two seasons when weighing his opt-out opportunity next winter — and possibly two years and $52MM.

All of that coalesces to make Berrios a difficult player to trade. He’ll pitch next year at 32, so it’s hardly out of the question that he rediscovers some of his waning ability to miss bats and/or limit walks and boosts his profile a bit. In that instance, however, Berrios might very well opt out of the two years left on his contract beyond the 2026 season. On the other hand, if the veteran righty continues to see his strikeouts dip and/or see his walks creep further north, he could be more of an innings-eating fifth starter who’s trending down and owed $24-26MM in both his age-33 and age-34 campaigns.

Essentially, any team trading for Berrios would probably do so with the hope that he’d rebound closer to his 2021-23 form — at which point he’d likely opt out. But to acquire him, they’d also have to take on the downside of Berrios maintaining his recent status quo or even slipping further, thus making that $48-52MM owed to him in 2027-28 wholly unappealing.

It’d be a surprise if the Jays were to find an interested team that was willing to both take on the entirety of Berrios’ remaining contract (to say nothing of doing so and surrendering young talent). In all likelihood, the Jays would need to include at least some cash or take back another contract of some note at a different position. That said, starting pitching is always in demand, and there are always teams looking for creative ways to swap weighty contracts that might better fit their current roster or payroll objectives.

One other fascinating wrinkle to consider: Berrios ended the 2025 season with 9.044 years of major league service time. That places him 128 days shy of 10 years. With MLB Opening Day set for March 25 and the trade deadline set to fall on Friday, July 31, Berrios would reach 10 years of service the day before next summer’s deadline. At that point, he’d acquire 10-and-5 rights — 10 years of MLB service, including the past five with the same team — thereby granting him full veto power over any trade scenarios. Currently, Berrios can block trades to a slate of eight teams.

Toronto can still carry Berrios into the 2026 season and enjoy the depth he provides. In all likelihood, injuries are going to thin out the top end of the current rotation options. That’s just reality for any big league club in today’s game. But the Jays have viable rotation alternatives, and the looming realization of Berrios’ 10-and-5 rights mean that trading him next winter will be even more complicated if he chooses to forgo his opt-out. There’d also be quite a bit of pressure to try to push a deal across the finish line in late July in the event that the Jays are intent on dealing him this summer.

It’s a complicated scenario, to say the least. Berrios’ contract is underwater but not an albatross. He’s a durable source of steady innings but no longer a borderline All-Star. The Jays can try to trade him this winter or during the season, but they’ll have not only the “clock” of the trade deadline but also the artificial clock of Berrios’ forthcoming full no-trade rights. Moving Berrios now would free up some more space for a run at re-signing Bo Bichette or trying to lure Kyle Tucker to Toronto, though the Jays would probably need to take on some other costs in order to get a deal done. It all makes for a fascinating thread to follow ahead of next week’s Winter Meetings, where convoluted trade packages and high-profile changes of scenery are the norm.

Blue Jays Sign Dylan Cease To Seven-Year Deal

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December 3rd: The full breakdown is provided by Jon Heyman of The New York Post. Cease gets a $23MM signing bonus and then a $22MM salary in 2026. His salary then jumps to $30MM in 2027 and falls by $1MM in each subsequent season. $10MM of his 2026 salary is deferred followed by $9MM in each season after that. The deal also contains awards bonuses and a limited no-trade clause.

December 2nd: The Jays made it official today, announcing they have signed Cease to a seven-year deal. Ken Rosenthal of The Athletic reports that the MLBPA values the contract at roughly $184.6MM after adjusting for the deferred money.

November 26th: The Blue Jays are making a major splash at the top of the rotation. Toronto is in agreement with Dylan Cease on a seven-year contract, pending a physical. It’s reportedly a $210MM guarantee for the Boras Corporation client, though it includes deferred money that’ll drop the average annual value for luxury tax purposes to roughly $26MM. That puts the net present value closer to $182MM.

Even after adjusting for deferrals, it’s the largest free agent signing in franchise history. Though the Jays gave Vladimir Guerrero Jr. a $500MM extension earlier this year, they’d never gone beyond George Springer’s six-year, $150MM deal on the open market.

Cease, 30 next month, entered free agency as a test case of how much modern front offices care about earned run average. In two of the past three seasons, his ERA has jumped to the mid-4.00s, including a 4.55 mark in 2025. However, in just about every other respect, he has been great. He has been incredibly durable. His control isn’t amazing but he has racked up strikeouts. He has kept his fastball velocity in the upper 90s, while also featuring a slider, knuckle curve and changeup.

Though Cease debuted back in 2019, he has actually never been on the major league injured list, apart from a very brief stint on the COVID list in 2021. He made 12 starts in the shortened 2020 season and has taken the ball at least 32 times in each full season since. In total, he’s made 174 starts since the start of 2020, which leads all major league pitchers. He generally doesn’t pitch deep into games, however, so he’s ninth in that span in terms of innings.

On top of the quantity, the quality has been strong. For that same 2020-25 span, he posted a 3.88 ERA. His 9.9% walk rate was a bit on the high side but he punched out 28.9% of batters faced with a 14.4% swinging strike rate.

As mentioned, his ERA has wobbled in recent years, but it has done so while other elements of his game have stayed more consistent. He actually saw his ERA drop to 2.20 in 2022. With the White Sox at that time, he finished second in American League Cy Young voting to Justin Verlander. His ERA then shot up to 4.58 in 2023, dropped to 3.47 in 2024 and then climbed back up to 4.55 this year.

But during those ups and downs, his strikeout and walk rates have been less volatile. His strikeout rate did drop from 30.4% in 2022 to 27.3%, but then it climbed to 29.4% and 29.8% in the two most recent campaigns. His 10.4% walk rate in 2022 decreased to 10.1% and 8.5% in the next two years, followed by a slight uptick to 9.8% in 2025.

His batting average on balls in play, which tends to be a bit more luck based, has synched up more with his ERA shifts. A standard BABIP is usually around .290 but Cease was down at .260 in that 2022 season. It then swung the other way to .330 in 2023 as Cease’s ERA climbed, then went to .263 and .320 in the two most recent seasons as his ERA dipped and climbed again.

As such, ERA estimators have considered Cease to be far more steady than his actual ERA. His FIP has been between 3.10 and 3.72 for the past four years. His SIERA was at 3.48 in 2022, jumped a bit to 4.10 in 2023, and then has been at 3.46 and 3.58 in 2024 and 2025.

As we were deliberating our Top 50 Free Agents post at MLBTR, we had many debates about whether the inconsistent ERA would hurt his earning power, perhaps leading him to accept a short-term deal with opt-outs, or if teams would overlook the ERA and sign him based on his consistency in other areas. In the end, we opted for latter, predicting a seven-year, $189MM deal. Cease has surpassed that in terms of sticker price, though the deferrals will seemingly put the net present value closer just below that projection.

The Blue Jays are coming off their best season in years, as they charged all the way to Game Seven of the World Series, ultimately falling to the Dodgers in extra innings. However, the season ended with plenty of rotation uncertainty. Chris Bassitt and Max Scherzer became free agents. Shane Bieber had a $16MM player option he seemed likely to decline. In the long term, Kevin Gausman is a free agent after 2026. José Berríos has an opt-out in his deal after the upcoming campaign.

In the past few weeks and months, the long-term outlook has improved considerably. Trey Yesavage came up late in the year and was immediately able to get hitters out, quickly establishing himself as a rotation building block. Bieber surprisingly decided to trigger his player option and stick with the Jays for one more year. Now Cease is in the fold for the long run.

That gives the Jays a rotation of Gausman, Cease, Yesavage, Bieber and Berríos going into 2026, with guys like Eric Lauer, Ricky Tiedemann and Bowden Francis also in the mix. Though Bieber and Gausman are slated to depart after the upcoming campaign, with Berríos potentially joining them, Cease can serve as a bridge to another era. By then, it’s possible Jake Bloss has recovered from his Tommy John surgery and is back in the mix. Prospects like Gage Stanifer and Johnny King might have climbed into the picture by then as well.

Toronto is paying a significant cost to lock Cease in as a long-term anchor. RosterResource projected their 2026 payroll around $232MM, while their luxury tax number was right around the $244MM base threshold. It won’t be clear how much either number goes up until the payment and deferral structure is reported. The CBT number is based on the contract’s average annual value, so the salary breakdown doesn’t matter for tax purposes, but the deferrals reduce the contract’s actual value by around $4MM annually.

In any case, the Jays are clearly going to pay the tax in 2026, and this will push them beyond the $264MM first surcharge tier. They’re into CBT territory for a second consecutive season, meaning they’re taxed at a 30% rate for their first $20MM in overages. They’ll pay a 42% tax on spending between $264MM and $284MM, 75% for spending between $284MM and $304MM, and a 90% rate on any further spending. The Cease deal itself comes with roughly $8.5MM in taxes, but the penalties will get higher with any more significant additions.

The Jays almost certainly aren’t done. They’ve been loosely linked to Kyle Tucker and have interest in re-signing Bo Bichette. It seems fair to assume they won’t sign all three of this offseason’s top free agents, but a Bichette reunion could still be in play. They’ve also been linked to late-inning bullpen help, ideally a proven closer who’d push Jeff Hoffman into a leverage role in the seventh and eighth innings.

Cease rejected a qualifying offer from the Padres. The Jays are hit with the highest penalty to sign a qualified free agent because they paid the competitive balance tax this year. They’ll surrender their second- and fifth-highest selections in the 2026 draft plus $1MM from their international bonus pool in 2027. San Diego also paid the luxury tax this year, so they’re entitled to the lowest form of compensation: a selection after the fourth round next summer. They’ll get another of those if/when Michael King signs elsewhere.

Jon Heyman of The New York Post first reported the Blue Jays and Cease were in agreement on a seven-year, $210MM deal. Ken Rosenthal of The Athletic was first on the presence of deferrals, while Mitch Bannon of The Athletic reported the approximate $26MM AAV.

Image courtesy of Christopher Hanewinckel, Imagn Images.

Giants Sign Sam Hentges

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December 3rd: The Giants officially announced the Hentges signing today.

November 27th: The Giants and left-hander Sam Hentges have agreed to a one-year deal worth $1.4MM, reports Robert Murray of FanSided. The Giants have an open 40-man spot and won’t need to make a corresponding move when the deal becomes official. The southpaw is represented by Warner Sports Management.

It’s a buy-low wild card move for the Giants. Hentges was a solid bullpen piece for the Guardians a few years ago but he hasn’t been healthy for a while. Over the 2022 and 2023 campaigns, Hentges tossed 114 1/3 innings for Cleveland, allowing 2.91 earned runs per nine. His 7.9% walk rate was just barely better than average while his 27.4% strikeout rate and 60.1% ground ball rate were both very strong. He gradually moved up to high leverage work, earning 23 holds over that span.

In 2024, he kept things going for a while, posting a 3.04 ERA over another 23 2/3 innings. However, he hit the injured list in July due to some inflammation in his throwing shoulder. He required surgery in September, a procedure which came with a recovery timeline of 12 to 14 months.

Though he was likely to going miss most or all of 2025, the Guards still kept him around. He was still under club control through 2027, so there was still a potential long-term payoff. He had qualified for arbitration ahead of 2024 as a Super Two player and made $1.1625MM in his first of four arb seasons. The Guards gave him a slight bump to $1.337MM in 2025. Even if he couldn’t manage a late-season return to health, he would still have two further seasons of control.

In 2025, not only did he not make it back to the majors, but he didn’t even begin a rehab assignment. In September, he underwent arthroscopic surgery on his right knee. That procedure comes with a recovery timeline of three to four months. That means he should be healthy by the spring but the Guards decided to move on. They non-tendered Hentges last week, sending him to free agency.

The Giants have swooped in and will sign Hentges, giving him a slight raise over last year, even though he missed the whole season. San Francisco non-tendered Joey Lucchesi last week but currently has Erik Miller, Matt Gage and Reiver Sanmartin as lefties in their bullpen. Hentges is obviously a big unknown, having missed a season and a half at this point. But if he can get back to health, he could be the best southpaw in the bunch.

If he does get back on track, he would be a bargain at a salary barely above the league minimum, which will be $780K next year. He is out of options but could be retained via arbitration for the 2027 season if things go especially well next year.

Photo courtesy of Jim Rassol, Imagn Images

The Opener: Astros, Fairbanks, Blue Jays

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Here are three things we’ll be keeping an eye on around the baseball world today:

1. Astros 40-man roster move incoming:

The Astros are reportedly signing right-hander Ryan Weiss to a major league deal, bringing him over from the Korea Baseball Organization. The Astros have a full 40-man roster, so they’ll need to make a move in order to accommodate their new signing. The most common way to accomplish that is simply by designating a player for assignment, but it’s also possible Houston could look to work out a trade that clears 40-man roster space instead. That could be a minor trade of a low-level player on the 40-man, but a bigger deal is also possible given that Houston is reportedly receiving interest in outfielders Jake Meyers and Jesus Sanchez on the trade market.

2. Fairbanks next to move?

Former Rays right-hander Pete Fairbanks was a somewhat unexpected addition to this year’s free agent market after the Rays declined their $11MM club option on his services for the 2026 season. He’s garnered plenty of interest in the weeks since then, with the Tigers, Marlins, and Blue Jays among a number of teams known to be involved in his market on at least some level. The relief market has gotten moving faster than the rest of this winter’s free agent class, with names such as Raisel Iglesias, Devin Williams, Ryan Helsley and Phil Maton having already come off the board on notable contracts. Could Fairbanks be the next domino to fall?

3. What’s next for the Jays?

The Blue Jays reportedly reached an agreement with right-hander Cody Ponce yesterday, and in doing so added a second starter to a rotation that already brought in Dylan Cease earlier this winter. With Kevin Gausman, Shane Bieber, and Jose Berrios already in place from last year plus top prospect Trey Yesavage and depth options like Eric Lauer, Yariel Rodriguez, and Bowden Francis, the addition of Ponce creates a glut of rotation options. Perhaps a pivot to the trade market could make some sense to leverage that depth, though it’s also worth noting that star shortstop Bo Bichette remains unsigned and the Jays, as previously mentioned, remain involved in the market for Fairbanks and other high-end relief arms.

Angels Sign Alek Manoah To Major League Deal

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The Angels announced they have signed right-hander Alek Manoah to a major league deal. Jeff Passan of ESPN previously reported the agreement and that Manoah will make $1.95MM next year. The Halos had multiple 40-man vacancies and didn’t need to make a corresponding move for the Covenant Sports Group client.

It’s a clear buy-low move for the Angels. Manoah was once a first round pick and top prospect, then became a Cy Young candidate as of a few years ago. But more recently, injuries and underperformance bumped his stock to the point that he was non-tendered by Atlanta last month.

The Blue Jays selected Manoah 11th overall in 2019. By 2021, he was making big league starts. He took the ball 20 times that year and threw 111 2/3 innings, allowing 3.22 earned runs per nine. His 8.7% walk rate was around average while his 27.7% strikeout rate was quite strong. 2022 was his first full season. He made 31 starts and logged 196 2/3 innings with a 2.24 ERA. His strikeout rate dropped to 22.9% but he also improved his walk rate to a 6.5% clip. He finished third in American League Cy Young voting behind Justin Verlander and Dylan Cease.

It’s basically been downhill since then. He struggled badly enough in 2023 to get optioned to the minors multiple times. He finished the year with a 5.87 ERA over 19 starts. His strikeouts dipped to a subpar 19% rate while his walk rate climbed to an ugly 14.2% pace.

Going into 2024, the Jays reportedly had some openness to trading Manoah, with the Angels checking in on him at that time. However, the Jays didn’t pull the trigger on a deal and he opened the 2024 season with Toronto. He was slowed by some shoulder soreness during the spring and began the season on the injured list. He was reinstated in May and then made five decent starts, with a 3.70 ERA, 25.2% strikeout rate and 7.8% walk rate. However, he then went back on the IL, this time due to an elbow sprain. He required Tommy John surgery in June of that year.

Manoah then spent the rest of that season on the IL. The Jays held him on the roster through the winter and tendered him a contract. They avoided arbitration by agreeing to a $2.2MM salary for 2025.  They then put him back on the 60-day IL in March. He began a rehab assignment in July. Rehab assignments normally are capped at 30 days for pitchers but guys recovering from Tommy John can push that to 60.

By the middle of September, Manoah’s clock was up but the Jays had a rotation featuring Kevin Gausman, Shane Bieber, Chris Bassitt, José Berríos and Max Scherzer, with Trey Yesavage lurking in Triple-A. Manoah also hadn’t done much to force the issue, as he had a 19.6% strikeout rate and 12.8% walk rate during his rehab outings. He was reinstated from the IL but optioned to Triple-A Buffalo.

Later that month, the Jays needed a 40-man spot to reinstate Anthony Santander from the 60-day IL. Manoah was designated for assignment as the corresponding move. With the trade deadline having passed, the Jays had to put him on waivers, with Atlanta claiming him. They held him on their roster for a while but then non-tendered him. It might seem a bit odd to claim a player off waivers and then cut him shortly thereafter. Speculatively speaking, it’s possible Atlanta tried to sign him for 2026 but then non-tendered him when they couldn’t agree on the price point.

For the Halos, it’s a low-cost bet on a bounceback. The salary isn’t much beyond the league minimum, which will be $780K next year. Manoah also still has options, so it’s possible he could be pitching in Triple-A as depth.

Pitching has been a weakness for the club for quite a while and 2025 was no exception. The staff as a whole had a 4.89 ERA this year, putting them ahead of just the Rockies and Nationals. That includes a 4.91 ERA from the rotation, again ahead of just Washington and Colorado. Tyler Anderson became a free agent at season’s end, thinning out the group even more.

Going into 2026, there is very little certainty in the rotation group. Yusei Kikuchi and José Soriano have two spots spoken for. Reid Detmers seems like he’ll get a chance to return to the rotation but he’s a big question mark after struggling in 2024 and then pitching out of the bullpen in 2025. There are a few other guys in the mix, such as Jack Kochanowicz, Caden Dana and Sam Aldegheri, though those guys have fairly mixed track records.

Since the offseason has begun, this is the second time the Angels have bought low on a former big name. A couple of weeks ago, they traded Taylor Ward to the Orioles in order to nab Grayson Rodriguez. It’s a somewhat similar situation to Manoah, as Rodriguez was the 11th overall pick in 2018 but has seen his career thrown off course by injuries. Perhaps the Angels will make more of a surefire rotation addition later in the winter but they have stuck with the less certain guys so far.

It’s hard to know what to expect from Manoah now. It’s been a few years since he was both healthy and effective. He was averaging just 91 miles per hour on his fastball in Triple-A this year. That’s almost three ticks below his 2022 season, when he averaged 93.9 mph. Perhaps being further removed from his surgery will allow him to find a new gear. If not, the Angels won’t have lost much. If it works out, Manoah will finish the 2026 season with less than six years of service, so he could be retained via arbitration for the 2027 season.

Photos courtesy of Kamil Krzaczynski, John E. Sokolowski, Imagn Images

Astros Have Received Interest In Jesus Sanchez

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The Astros are losing Framber Valdez to free agency, leaving them in need of multiple starting pitchers behind ace Hunter Brown. Houston has taken cheap one-year fliers on former top prospect Nate Pearson and KBO returnee Ryan Weiss to compete for spots at the back of the staff. Those are fine dice rolls, but they’ll need to acquire someone whom they can comfortably slot alongside Cristian Javier in the middle of the rotation.

If owner Jim Crane remains loathe to cross the luxury tax line, the front office won’t have much flexibility to add free agent starting pitching. Chandler Rome of The Athletic writes that the club is indeed more likely to address the rotation via trade. One of the league’s weakest farm systems won’t do them any favors, so they might be looking at dealing from the MLB roster to accomplish that.

Houston is reportedly open to dealing standout defensive center fielder Jake Meyers for pitching. Meyers is coming off a career-best season at the plate and is controllable via arbitration for two seasons. He’s the best trade chip in the Houston outfield, but he’s not the only candidate to move this offseason. Rome reports that the Astros have gotten interest from other clubs in right fielder Jesús Sánchez as well.

That could explain why Sánchez remains on the roster at all. MLBTR contributor Matt Swartz projects him for a $6.5MM salary in his third of four trips through the arbitration process. It came as a surprise that Houston tendered him a contract. Sánchez had a very poor finish to the 2025 season, batting .199/.269/.342 over 160 plate appearances after being acquired from Miami at the trade deadline. Combined with the escalating salaries and the payroll restrictions, it made him a non-tender candidate.

General manager Dana Brown acknowledged at last month’s GM Meetings that he was open to trade inquiries on Sánchez. Even if they’re not especially interested in paying him $6-7MM, it seems they found enough interest that they didn’t want to let him go for no return.

Sánchez isn’t going to net a mid-rotation arm, but it’s possible they swap him for a back-end starter. Teams like the Royals, Pirates, Guardians and Phillies could look to the trade market for a corner outfielder. While Sánchez has never lived up to his billing as a top prospect, he was an alright everyday player throughout his time with the Marlins. He was a league average hitter between 2021 and the ’25 deadline, hitting .246/.312/.432 in nearly 1900 plate appearances. He has plus bat speed and has typically posted strong exit velocities, though his batted ball metrics also collapsed in Houston.

Even if the Astros are unlikely to swap Sánchez for their biggest rotation pickup of the offseason, a change-of-scenery deal would create a bit of spending room. Trading both Sánchez and Meyers would leave them very thin in the outfield, and dealing the former would subtract one of their few left-handed bats. While Dana Brown has already said they’re not interested in moving Isaac Paredes, that might be something the front office needs to consider later in the offseason if they can’t find a mid-rotation arm in a different way.

Latest On Kyle Schwarber’s Market

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The Reds remain in the market for Kyle Schwarber, writes Mark Sheldon of MLB.com. That has been a frequent connection because Schwarber grew up a Reds fan not far outside Cincinnati. The club also needs to add an impact bat, though it remains to be seen if they’re willing to make a competitive offer.

Cincinnati finished 14th in MLB in scoring despite playing in one of the sport’s most hitter-friendly venues. They had a .245/.315/.391 slash line and finished 21st in home runs. Elly De La Cruz was the team leader with 22 homers, and their only two hitters who slugged at least .450 in more than 100 plate appearances (Miguel Andujar and Austin Hays) are free agents. The Reds need offense generally and would benefit from a power bat in particular.

Schwarber is the best slugger available. He’s coming off a 56-homer season in which he hit .240/.365/.563 while starting all 162 games for the Phillies. He hasn’t hit fewer than 30 homers in a full season since 2018 and is tied with Shohei Ohtani for second in MLB (behind Aaron Judge) in longballs over the last four years.

Cincinnati doesn’t have anyone locked into the everyday DH role. They’ll probably want to give 22-year-old Sal Stewart more time to see if he can be a serviceable defender at first base. Spencer Steer could play left field more frequently or simply be shopped in trade if the Reds were to add Schwarber (or Pete Alonso, a long speculated potential fit).

While it’s a clear fit from a roster perspective, it’d require an unusually bold commitment from ownership. Schwarber is expected to handily surpass a $100MM guarantee and could land $30MM+ annually. The Reds have given out two nine-figure contracts in franchise history: $225MM for Joey Votto and $105MM to Homer Bailey. Those were both extensions. Their largest free agent deals were the matching four-year, $64MM terms to Nick Castellanos and Mike Moustakas. Those $16MM average annual values were the most for any multi-year free agent signing. Schwarber might require twice that amount.

President of baseball operations Nick Krall said last month that the Reds expect to run a similar payroll to this past season’s level. They opened ’25 with a payroll around $116MM. They have around $40MM in guaranteed contracts but have a hefty arbitration class that MLBTR contributor Matt Swartz projects to cost roughly $45MM.

Filling out the roster with players making the league minimum would leave them with roughly $20-25MM to spend. They’ll certainly add a bat of some significance, but a Schwarber signing might require ownership to push the budget beyond where they seemingly prefer to set it. The other option would be to shed money from the arbitration class by shopping one or more of Brady Singer ($11.9MM projection), Tyler Stephenson ($6.4MM), Gavin Lux ($5MM), TJ Friedl ($4.9MM), Nick Lodolo ($4.3MM) or Steer ($4.5MM).

In a less obvious connection, Jon Morosi of The MLB Network relayed this morning that the Giants have also been in contact with Schwarber’s camp. That’s a much more difficult fit from a roster perspective. San Francisco has Rafael Devers under contract through 2033. Even if they’re confident he’ll be a capable everyday first baseman, they’d need at-bats at designated hitter for top first base prospect Bryce Eldridge. There’s an argument for the Giants to bring in a short-term first baseman/DH to give the 21-year-old Eldridge more time in Triple-A, but that wouldn’t apply to a four- or five-year contract for Schwarber.

The Giants presumably wouldn’t have any interest in using Schwarber as an everyday outfielder. There’d only be any kind of fit if they trade Eldridge for a starter. They’ve already downplayed their desire to make a nine-figure commitment to a starter despite calling pitching their top priority. It’d be a huge surprise if they committed that kind of money to a DH.

Schwarber rejected a qualifying offer, so whichever team signs him will forfeit draft compensation. Philadelphia has made no secret of their desire to bring him back. The Orioles and Red Sox are both in the market for an impact bat and have shown interest, while the Pirates have been mentioned as an extreme long shot after making an unsuccessful attempt to lure Josh Naylor away from Seattle.

Marlins Notes: Cabrera, Alcantara, Weathers, Outfield, Bullpen

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While much of the focus regarding the Marlins this offseason has been on their intent to spend more aggressively (relatively speaking) and bolster the lineup, the Fish still have a pair of prominent trade candidates in the rotation. Right-handers Edward Cabrera and Sandy Alcantara are on wishlists for pitching-hungry clubs around the league, though neither is a lock to be moved.

Kevin Barral and Isaac Azout of Fish On First reported last week that the organization “expects” Alcantara to be with the club come Opening Day. MLB.com’s Christina De Nicola offers a similar sentiment today, suggesting that Cabrera is the likelier of the two to be moved this offseason — if either is traded at all. Miami isn’t actively shopping either pitcher at the moment, she writes, though it’s all but a given that there’ll be an uptick in inquiries at next week’s Winter Meetings. De Nicola also lists lefty Ryan Weathers as a potential trade candidate while rightly noting that the Fish would be selling low on a talented southpaw after consecutive injury-plagued seasons.

Acquired in the 2023 trade sending Garrett Cooper to the Padres, Weathers has been a steal for Miami when healthy. That’s been a major caveat, unfortunately. A lat strain, flexor strain and finger strain have combined to limit the former No. 7 overall draft pick to just 24 starts dating back to Opening Day 2024. Weathers has totaled 125 innings in that time and notched a 3.74 ERA with a 22% strikeout rate and 6.8% walk rate. That league-average strikeout rate is backed by a roughly average 11.7% swinging-strike rate. Weathers has sat 96.2 mph on his heater since ’24 and kept a strong 45.6% of batted balls against him on the ground. As with Cabrera, he’s a clear injury risk but has had some recent success and comes with another three seasons of club control.

Cabrera stands as the prize of the Marlins’ potential trade candidates in the rotation, but because of his age (27), affordable salary ($3.7MM projection, via MLBTR contributor Matt Swartz), former top prospect status and 2025 results (3.53 ERA, 25.8 K%, 8.3 BB%, 46.6 GB% in 137 2/3 innings), he also surely comes with the highest asking price.

Jeff Passan and Kiley McDaniel of ESPN wrote just this morning that Miami has asked for “premium prospects” in for any club that has poked around on Cabrera, and the right-hander’s lengthy injury history has left interested parties wary of making such a commitment. The 2025 season was Cabrera’s first reaching 100 innings in the majors, and he’s spent time on the injured list with an elbow sprain, blisters, shoulder impingement (three times) and tendinitis in his elbow — all since 2021.

Certainly, the Marlins could use their deep supply of starting pitching to bring in some bats to help the lineup, but free agency remains a viable path as well. They’ve primarily focused on first base to this point, but Barry Jackson of the Miami Herald reports that president of baseball ops Peter Bendix and his staff have begun to broaden their search. Miami is also looking into potential outfield and third base acquisitions, believing that the versatility of players like Connor Norby and Griffin Conine could allow them to target bats at other positions.

It’s already known that the Marlins have been considering Norby at first base. Jackson adds that the Fish are planning to get Conine some work at first next spring and also believe that outfielder Heriberto Hernandez could be an option there.

The bullpen has been another point of focus for Bendix & Co., with reports tying Miami to prominent names like Devin Williams (who has since signed with the Mets), Raisel Iglesias (who re-signed in Atlanta) and Pete Fairbanks (who Bendix knows well from his days as Rays general manager). Jackson adds veteran relievers Kyle Finnegan, Tyler Rogers and twin brother Taylor Rogers as three more bullpen arms who intrigue the Marlins.

Finnegan, 34, has closed games for the division-rival Nationals for years but elevated his production to new heights following a summer trade to the Tigers. Detroit pushed Finnegan to use his splitter more and tweaked his release point, and the right-hander was flat-out dominant in the Motor City, emerging as one of manager A.J. Hinch’s go-to relievers. He tossed 18 innings of 1.50 ERA ball following the trade and saw his strikeout rate jump from 19.6% in D.C. to an eye-popping 34.8% in Detroit.

The Rogers brothers have lengthy track records themselves. Taylor, a lefty, was a high-end setup man and All-Star closer with the Twins during his peak years from 2017-22. He’s settled into more of a middle relief role since signing with the Giants — where he teamed with his brother — and subsequently being traded to the Reds and Cubs.

While Taylor was the prominent name early in the brothers’ careers, it’s Tyler who is now the higher-profile reliever. He’s pitched 378 1/3 innings of 2.71 ERA ball dating back to 2021, including a pristine 1.98 earned run average in 77 1/3 frames between the Giants and Mets in 2025. Tyler doesn’t miss many bats, as one would expect from a soft-tossing right-handed submariner whose sinker averages 83.5 mph, but he has impeccable command (2.2% walk rate since 2024) and is all but impossible to square up due to the deception in his delivery. Tyler has the slowest “fastball” and lowest whiff percentage in the majors but also sits in the 95th percentile (or better) of big league pitchers in terms of opponents’ exit velocity, barrel rate and hard-hit rate.

At the moment, Miami has a projected 2026 payroll of just $59MM, per RosterResource. They’re sitting just under $70MM in luxury tax obligations. The general thinking has been that, like the A’s last offseason, the Marlins will want to push that CBT number closer to $105MM in order to avoid any type of MLBPA grievance that might jeopardize their revenue-sharing status. That could be achieved by bringing in free agents, trading for veterans on guaranteed salaries, or extending players already on the roster. The Marlins have reportedly spoken to both Kyle Stowers and Eury Perez about long-term deals; talks with either player could pick back up later in the offseason.

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