MLB Trade Rumors

The Giants already made one big infield addition by signing Willy Adames, and kept Matt Chapman off the free agent market entirely by signing the third baseman to a six-year, $151MM extension back in September.  With the Giants still weighing big moves, Susan Slusser of the San Francisco Chronicle reports that “Pete Alonso is on their radar” as a significant upgrade to the first base/DH mix.

As it stands, LaMonte Wade Jr. will be getting the bulk of first base at-bats, as the left-handed hitting side of what will likely be a platoon situation.  That said, reports have suggested San Francisco is open to moving Wade, and that the Giants had some interest in signing Paul Goldschmidt before Goldschmidt landed with the Yankees.  Top prospect Bryce Eldridge is viewed as the long-term answer at first base, and with Eldridge making his Triple-A debut in 2024, a shorter-term signing like Goldschmidt made sense as a bridge at the position.

Adding Alonso would only somewhat change that direction.  If Alonso took over the everyday first base role, Wade could be shifted into the part-time DH role, and Wade is a free agent next winter so he might not remain part of the Giants’ future plans.  Eldridge played some outfield in 2023 but is largely viewed as a first baseman going forward, so he and Alonso could form a powerful first base/DH combo even if such an arrangement would lock down both positions for years to come.

There’s also a possibility that Eldridge could become a big trade chip the Giants can dangle to address other needs, or that Alonso wouldn’t necessarily be a long-term addition.  MLB.com’s Mark Feinsand hears from various executives around the league that Alonso’s next contract might involve an opt-out clause or two, thus allowing Alonso to re-enter the market potentially as early as the 2025-26 offseason.  Alonso’s agent Scott Boras has included such opt-out provisions in several of his clients’ deals in recent years, in some cases creating an extra level of flexibility for teams and for players coming off less-than-ideal platform years.

It could be argued Alonso is coming off two relative down years, as he has a solid but unspectacular 121 wRC+ since the start of the 2023 season.  The first baseman slugged 80 homers and hit .229/.324/.480 in 1353 plate appearances over that span, while providing little value with his glove or on the basepaths.  Clubs are increasingly wary about committing big money to first base-only players in general, and Alonso’s increasingly homer-heavy approach raises questions about his overall offensive value.

Oracle Park may not exactly be the best ballpark for a right-handed hitting slugger to re-establish his value, though Alonso’s options may be increasingly limited.  The Yankees (Goldschmidt), Astros (Christian Walker), Diamondbacks (Josh Naylor), and Nationals (Nathaniel Lowe) have all addressed their needs at first base.  MLBTR’s Leo Morgenstern recently looked at Alonso’s market and cited the Giants along with the Reds, Tigers, Blue Jays, as possible darkhorse candidates for the slugger, along with the more obvious possibility that Alonso just re-signs with the Mets.

Indeed, most of the executives who spoke with Feinsand “believe an Alonso/Mets reunion is inevitable,” even if such a deal involves opt-out clauses.  The Mets remain linked to both Alonso and Alex Bregman, leaving the team with an interesting choice of top-tier corner infielders since Mark Vientos can play first or third base depending on who is signed.  (Or, it isn’t entirely out of the question that the aggressive Mets could sign both Bregman and Alonso, with Vientos moving to DH.)  Jon Heyman of the New York Post writes that “a sizable gap” remains between Alonso and the Mets in their current negotiations.

Because both Adames and Alonso rejected qualifying offers, the Giants would have to surrender two more draft picks and another $1MM in international bonus pool money if they brought Alonso into the fold to join their new shortstop.  This might not necessarily be an obstacle since the Giants already gave up two picks and $1MM to sign Chapman and Blake Snell (two other qualified free agents) last offseason.  RosterResource estimates San Francisco for roughly a $167.1MM payroll and $207.5MM luxury tax number in 2025, so adding Alonso is feasible even if it remains unclear how much ownership is willing to spend on next year’s roster.

The Giants’ pursuit of Corbin Burnes signaled that the club was willing to make another splurge, though Slusser notes that they didn’t offer Burnes more than the $210MM over six years than the righty received from the Diamondbacks.  Indeed, Slusser frames the Giants’ courtship of Burnes as fairly limited, writing that “San Francisco’s pursuit never advanced much beyond initial talks at the general manager meetings…and an offer made at that point did not get things off the ground.”

President of baseball operations Buster Posey addressed the Giants’ next steps in a text to The Athletic’s Andrew Baggarly, with Posey writing “We believe in our young arms, and feel like they are in a position to take some big steps forward.  [We] will continue to look on the offensive side for players that give us a chance to score runs in multiple ways.”