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White Sox Decline Team Option For Yoán Moncada

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The White Sox will not exercise their $25MM club option for Yoán Moncada’s services in 2025. He will receive a $5MM buyout instead. Francys Romero of BeisbolFR reported the news this afternoon on X.

This has been the expected outcome for a while. Moncada has had some good performances in the majors but the past three seasons have seen him underperform, miss significant time due to injury or both.

Moncada appeared in just 208 games during the 2022-2024 seasons due to various injuries. That includes just 12 games in the ’24 campaign, as a left adductor strain kept him on the injured list for most of the year. Even when he came off the IL, the Sox didn’t play him much, preferring to give that time to younger players who could be part of the next competitive window.

Even when on the field, Moncada hasn’t performed especially well of late. He has hit .236/.291/.387 since the start of 2021 for a wRC+ of 88. With that performance, it’s unsurprising that the Sox would balk at giving Moncada another $20MM to stick around for one more year.

That leaves Moncada as a buy-low bounceback candidate in free agency this winter. He was once a high-profile defector from Cuba and highly-regarded prospect with the Red Sox, heading to Chicago as part of the Chris Sale trade in December of 2016.

It took Moncada a few years but he finally had his long-awaited breakout in 2019, launching 25 home runs and slashing .315/.367/.548 for a wRC+ of 139. When combined with his strong defense, he was worth 5.2 wins above replacement that year, in the eyes of FanGraphs.

Going into 2020, the Sox bet on Moncada by giving him a five-year, $70MM extension which included a club option. He struggled a bit in the shortened 2020 season but bounce back with another strong campaign in 2021. But then, as mentioned, the past three seasons have been very disappointing, leading the Sox to turn down the option today.

Despite the may ups and downs in his journey, Moncada is still relatively young, not turning 30 until May. He will likely find some club willing to make a small bet on his past pedigree, perhaps on a deal loaded with incentives, on account of his many health issues.

The third base free agent market is headlined by Alex Bregman, but most of the other options are bench/utility guys like Paul DeJong, Gio Urshela and Amed Rosario. The trade market could feature Nolan Arenado or Eugenio Suárez, but it’s unclear how available either player is while Arenado’s no-trade clause could complicate matters. Moncada is obviously a risky play right now but also has demonstrated upside.

Orioles Acquire Daz Cameron From Athletics

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The Athletics have traded outfielder Daz Cameron to the Orioles in exchange for cash considerations, according to announcements from both clubs. This will be Cameron’s second stint in the Orioles organization.

Cameron, the son of All-Star outfielder Mike Cameron, was a highly-regarded prospect in the 2015 draft. The Astros selected him 37th overall but gave him a $4MM signing bonus, a number much closer to the slot value of the fifth overall pick (which Houston used on Kyle Tucker) rather than a competitive balance round selection. Yet, Cameron has never been able to live up to his top-prospect billing. The Astros sent him to the Tigers in 2017 as a part of the trade package for Justin Verlander, and he made his MLB debut with Detroit three years later. Over parts of three seasons with the Tigers, he put up a meager .201/.266/.330 slash line with a 66 wRC+ in 73 games.

After the 2022 season, the Tigers designated Cameron for assignment, and the Orioles scooped him up off of waivers. They quickly removed him from the 40-man roster but kept him in the organization and gave him an invitation to spring training. However, he failed to earn a spot on the roster out of camp and spent the 2023 season with the Triple-A Norfolk Tides, slashing a serviceable .268/.346/.452 with a 98 wRC+ over 110 games. He showed off relatively good plate discipline (21.3% strikeout rate, 9.6% walk rate) and plus speed (23 stolen bases in 29 attempts), but it wasn’t quite enough to get him back on the 40-man roster.

Cameron posted monster numbers with the Athletics’ Triple-A club this past season, hitting .304/.424/.577 (149 wRC+) with six homers, eight steals and a gaudy 16.4% walk rate in 41 games. He parlayed that into a look in the majors but wasn’t able to capitalize, batting just .200/.258/.329 during his 66 games (186 plate appearances) as an Athletic.

Orioles GM Mike Elias was the Astros’ scouting director when Cameron was selected 37th overall by Houston in 2015 and clearly still thinks well of the player. It seems unlikely that Baltimore would carry the out-of-options Cameron into next season, but the O’s have a habit of making early-offseason depth acquisitions, signing those players to a split contract for the upcoming season and then passing them through waivers. It’s possible they could look to go down a similar path with Cameron, who’d be eligible to reject an assignment in favor of free agency if he ultimately does pass through waivers.

Twins To Decline Option On Manuel Margot

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The Twins have informed outfielder Manuel Margot that they will decline their end of his contract’s $12MM mutual option, reports Darren Wolfson of 5 Eyewitness News and SKOR North Radio. He’ll receive a $2MM buyout — paid by the Rays, not the Twins — and become a free agent.

Margot, 30, was traded twice last winter, first going from Tampa Bay to Los Angeles and then from the Dodgers to the Twins. The Rays agreed to pay the buyout on his option as part of that first trade, and the Dodgers picked up all but $4MM of his salary in that second deal sending him to Minnesota. The Twins used Margot as an affordable fourth outfielder, replacing departed free agent Michael A. Taylor, but didn’t get the results for which they’d hoped.

The 2024 season was Margot’s worst as a big leaguer. He hit just .238/.299/.337 (79 wRC+), and his once-elite defensive grades in the outfield continued their decline in the wake of his notable 2022 knee injury. The Twins were down enough on Margot’s glove to only give him 136 innings in center field. Utilitymen Willi Castro and Austin Martin wound up logging more time in center than Margot, despite neither having anywhere near the same level of experience there. But Margot’s range and sprint speed have declined precipitously since he suffered that knee injury; Statcast credited him in the 88th percentile of big leaguers in sprint speed back in 2021 but just the 53rd percentile in 2024.

To Margot’s credit, he held his own against left-handed pitching, batting .269/.322/.391. That’s still a drop from his career marks, however, and his right-handed bat was completely overmatched by fellow righties on the mound — evidenced by a woeful .208/.257/.283 slash in right-on-right matchups.

As it stands, the Twins enter the offseason with Trevor Larnach, Byron Buxton and Matt Wallner as their projected starting outfield. A right-handed hitter who can play center field if (or when) Buxton misses time and spell lefties Larnach and Wallner at other times could be on the front office’s to-do list. Had Margot performed better, re-signing him at a more affordable rate might’ve been more palatable. As it stands, it seems likely the Twins will instead look for an alternative option.

Both Castro and Martin will return in 2025 — barring a trade of Castro as he enters his final season of club control — but neither is considered an especially adept defender in center. Options on the free agent market could include Randal Grichuk, Austin Slater and the aforementioned Taylor, and the trade and waiver markets will feature myriad alternatives as well. As for Margot, he’ll head to the open market for the first time in his career but could very well be limited to minor league offers on heels of a down season.

Rangers Claim Roansy Contreras

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The Rangers have claimed right-hander Roansy Contreras off outright waivers from the Angels, reports Kiley McDaniel of ESPN. The Halos added Contreras, once one of the game’s top pitching prospects, in a cash deal with the Pirates back in May. He’s controllable for another four seasons but is out of minor league options.

Now 24 years old (25 next week), Contreras was the headline prospect the Pirates received in the trade sending Jameson Taillon to the Yankees. At the time of the swap, Contreras was widely regarded among the sport’s 100 best prospects. He showed why with a very solid 2022 season, logging 95 innings of 3.79 ERA ball for the Pirates. His 21.1% strikeout rate and 9.6% walk rate were both worse than average, but not by a wide measure, and Contreras averaged nearly 96 mph on his heater and was only in his age-22 season at the time. It looked like he was well on his way to locking down a long-term spot in the Pittsburgh rotation.

The 2023 season told a very different story. Contreras was rocked for a 5.91 ERA across his first 11 starts. He lost 1.5 mph off his average fastball and saw his strikeout, walk, home run and ground-ball rates all trend dramatically in the wrong direction. A move to the bullpen didn’t pay dividends. Contreras was shelled for five runs in one-third of an inning in his first relief appearance following his final start of the season. He ultimately yielded 13 runs in 12 big league innings after losing his rotation spot.

Contreras’ 2024 season landed somewhere between his two prior campaigns. He posted a serviceable if unspectacular 4.35 ERA between the Pirates and Angels. His strikeout and walk rates remained worse than average, but he added a two-seamer to his repertoire and bolstered his grounder rate to 44.4% as a result. He still surrendered too much hard contact but did see his average exit velocity and hard-hit rate tick downward a bit from their 2023 levels (particularly following the trade to the Angels).

While Contreras is no lock to make it through the offseason on the Rangers’ 40-man roster — this type of former prospect is often bandied about the league via waivers as clubs spend the offseason months attempting to sneak him through in order to bolster their non-roster depth — he’ll give Texas a back-end rotation option or bullpen option if he indeed stays on the roster until next spring. Pitching injuries and shaky depth proved to be hurdles for the 2024 Rangers as they missed the postseason on the heels of their 2023 World Series win. Adding Contreras (and presumably others in this same mold as the winter wears on) is a first step toward cultivating some additional depth for the 2025 club.

Cardinals Decline Team Options For Gibson, Lynn, Middleton

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12:45 pm: The Cardinals have formally announced their decision to decline all three club options.

12:22 pm: The Cardinals will not pick up their 2025 team options for right-handed pitchers Kyle Gibson, Lance Lynn, or Keynan Middleton, reports Derrick Goold of the St. Louis Post-Dispatch. The club could have retained Gibson and Lynn for $12MM each, while Middleton’s option was valued at $6MM. Instead, the Cardinals will pay all three pitchers a $1MM buyout and send them back onto the free agent market. They will be eligible to sign with any of the other 29 teams as of Monday.

Earlier this week, The Athletic’s Katie Woo wrote that the team was “not expected” to keep Lynn or Middleton, but the news about Gibson comes as a bit more of a surprise. The durable veteran came exactly as advertised in 2024, giving the Cardinals 30 starts and 169 2/3 innings with a 4.24 ERA and 4.44 SIERA. However, president of baseball operations John Mozeliak told Goold that he is prioritizing “maximum flexibility” this offseason, hence his decision to clear as much money from the books as possible.

Gibson has been one of the most reliable pitchers in the game throughout his career. Dating back to his first full season in 2014, he has made 314 starts. No other pitcher has made as many 300 starts in that time. He has never pitched like an ace, but there is good value in a starter who can consistently pitch a full season’s worth of innings with an ERA close to league average. That’s why Gibson earned a $10MM deal from the Orioles two offseasons ago and a $13MM guarantee from the Cardinals last winter. That’s also why he would have been well worth a net value of $11MM in 2025. It seems as if the Cardinals understand as much but simply prefer to use that money elsewhere. Woo noted they might have picked up Gibson’s option if they felt confident they could offload Miles Mikolas or Steven Matz in a trade. Her report suggests the front office liked Gibson at that $11MM value but ultimately decided they had too much money tied up in other veteran starting pitchers.

Goold mentions that Gibson has “expressed an interest” in returning to St. Louis next season, and for what it’s worth, Mozeliak suggested the team could still consider reunions with all three pitchers. Presumably, however, the Cardinals will wait and see if they can trade any of their other veteran starters before possibly picking up negotiations with Gibson.

Lynn pitched well over the first four months of the 2024 season, bouncing back from a difficult 2023 campaign to produce a respectable 4.06 ERA and 4.47 SIERA across his first 21 starts. Unfortunately, right knee inflammation limited him to just two starts over the final two months of the year. They were both good outings, lowering his full-season ERA to 3.84, but considering Lynn’s age (he’ll turn 38 next year) and his recent history of right knee problems (he missed more than two months after knee surgery in 2022), it’s not hard to see why the Cardinals were wary of bringing him back on an eight-figure salary in 2025.

The 2024 season was a lost year for Middleton, who could not return to the mound after suffering a forearm strain in spring training. He ultimately underwent flexor tendon surgery in June, formally ending his season. With that in mind, the Cardinals’ decision not to pick up his option is the least surprising of the three. It’s possible he’ll be back to full health by next spring, but his value is certainly lower than it was at this time last year. Wherever he signs this offseason, it’s likely to be for significantly less than $6MM.

In addition to Gibson, Lynn, and Middleton, three more Cardinals veterans will be free agents this winter: Paul Goldschmidt, Matt Carpenter, and Andrew Kittredge. Even with a handful of players eligible to earn raises in arbitration and Sonny Gray’s forthcoming $15MM salary bump (the deal he signed last winter was heavily backloaded), RosterResource estimates the Cardinals 2025 payroll to be $147MM, well below their estimated $183MM payroll this past season. If they had chosen to pick up the options on Gibson, Lynn, and Middleton, that would have increased next year’s payroll projection to $174MM.

Randal Grichuk Declines Mutual Option With Diamondbacks

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Outfielder Randal Grichuk has turned down his end of a $6MM mutual option with the Diamondbacks, reports Mark Feinsand of MLB.com. As Ethan Hullihen noted on X, Grichuk will receive a $1.75MM buyout. It’s unclear if the Diamondbacks exercised their half of the option, although it’s now a moot point.

It’s hardly a surprise that Grichuk is electing free agency after the strong 2024 season he put together. The veteran shone as a right-handed platoon bat, producing his best offensive numbers since his rookie campaign in 2015. Over 279 plate appearances, he hit 20 doubles, two triples, and 12 home runs, good for an .875 OPS and a 139 wRC+. And while he excelled against left-handed pitchers, whom he faced in two-thirds of his plate appearances, it helped that he held his own without the platoon advantage. He put up a .913 OPS and 151 wRC+ against lefties and an .801 OPS and 116 wRC+ against righties. It was the first time since 2018 that he produced above-average numbers against same-handed pitchers.

Grichuk did all that on just a $1.5MM salary in 2024. He was also guaranteed a $500K buyout at the end of the season if either he or the Diamondbacks declined his mutual option. He was able to increase that buyout to $1.75MM by reaching 250 plate appearances in 2024, meaning he will need up earning $3.25MM on this deal. Needless to say, the D-backs got a tremendous bargain, and it will most likely take a good deal more money, and perhaps even multiple years, for a team to secure his services this winter. Grichuk could have his sights on something close to the two-year, $13MM deal Hunter Renfroe signed with the Royals last offseason.

To be clear, Grichuk is still a part-time player in his mid-thirties without a particularly strong track record of success. He’s not going to be one of the top free agent bats on the market. Still, there will always be a robust market for productive role players, and there are good reasons to believe Grichuk can maintain his newfound success. For one thing, he drastically improved his plate discipline in 2024, putting up the lowest strikeout rate and highest walk rate of his career. His 47.6% hard-hit rate was also a career-high. Those numbers should be able to convince plenty of teams that Grichuk can be a valuable contributor in 2025.

The Diamondbacks had one of the most productive lineups in the majors this past year, but they’ll surely be in the market for bats again this winter as they look to get back to the playoffs in 2025. In addition to Grichuk, they are going to lose first baseman Christian Walker to free agency. They could also be without Joc Pederson, who has a $14MM mutual option for 2025, and Eugenio Suárez, if they choose not to exercise his $15MM team option.

Mets Sign Dylan Covey To Major League Deal

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The Mets have given out their first major league contract of the offseason, signing right-handed pitcher Dylan Covey to a one-year deal. The team announced the news this afternoon.

The terms of the deal have not yet been announced, although it’s presumably not a very high guarantee. Indeed, it’s somewhat surprising to see Covey land a big league deal at all considering his limited track record and lack of MLB success. He made his debut with the White Sox in 2017 after they selected him from the A’s in the Rule 5 draft. Over three seasons in Chicago, largely as a starting pitcher, he produced a 6.54 ERA and 5.16 SIERA in 250 1/3 innings of work. It was hardly a surprise when the White Sox cut him over the 2019-20 offseason and he elected free agency.

Over the next few years, Covey bounced from the Rays to the Red Sox to the Chinese Professional Baseball League in Taiwan. His performance over two seasons with the Rakuten Monkeys convinced the Dodgers to offer him a minor league deal before the 2023 season. Yet, after just one appearance for L.A., he was designated for assignment. The Phillies, in need of a mop-up man, claimed Covey off of waivers and put him in their bullpen. In his first chance at regular MLB playing time as a reliever, he was rather effective, albeit in a low-leverage role, pitching to a 3.69 ERA and 4.53 SIERA over 39 innings.

However, Covey did not pitch in the majors at all in 2024. He sat out the first four months of the season recovering from a right shoulder strain, and the Phillies removed him from the 40-man roster and sent him outright to Triple-A upon his return from the IL. Nonetheless, the Mets must have liked what they saw over his 15 appearances with the Lehigh Valley IronPigs. After giving up a solo home run to the very first batter he faced at Triple-A in 2024, the right-hander did not allow another run for the rest of the season. He struck out 27.6% of the batters he faced. The Mets have several open spots on their 40-man roster, and they will use one of those spots to slot Covey into the bullpen picture for 2025.

Offseason Outlook: New York Yankees

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It's a quick turnaround for the Yankees after last night's gutting defeat. The front office will jump right into offseason work. The most immediate focus is on their ace's complicated opt-out decision. After that, they'll make a push to retain a likely Hall of Famer who'll set a new contract record in the next few months.

Guaranteed Contracts

  • Aaron Judge, CF: $280MM through 2031
  • Gerrit Cole, RHP: $144MM through 2028 (Cole can opt out this winter; Yankees could void the opt-out by exercising $36MM club option for '29)
  • Carlos Rodón, LHP: $108MM through 2028
  • Giancarlo Stanton, DH: $96MM through 2027 (including buyout of '28 club option)*
  • DJ LeMahieu, 3B: $30MM through 2026
  • Marcus Stroman, RHP: $18MM through 2025 (deal contains $18MM vesting/player option for '26 if Stroman pitches 140+ innings next season)

* Marlins are covering $30MM of Stanton's contract between 2026-28, so Yankees are on the hook for $66MM

Option Decisions

  • RHP Gerrit Cole can opt out of final four years and $144MM; Yankees could void the opt-out by exercising $36MM club option for '29
  • Team holds $17MM option on 1B Anthony Rizzo ($6MM buyout)
  • Team holds $5MM option on RHP Lou Trivino
  • Team holds $2.5MM option on RHP Luke Weaver

Additional Obligations

2025 financial commitments (if Cole doesn't hit free agency): $183.5MM
Total future commitments (if Cole doesn't opt out): $662.5MM

Arbitration-Eligible Players (projected salaries via MLBTR contributor Matt Swartz)

Non-tender candidates: Berti, Mayza, Grisham, Brubaker

Free Agents

There's no bigger story of the offseason than Juan Soto. That's true not only for the Yankees but MLB as a whole. Soto's next contract is almost certainly going to surpass $500MM. There's a reasonable chance the guarantee begins with a 6. He should break the record both for average annual value and overall guarantee (assuming one takes the net present value of the Shohei Ohtani deal rather than the $700MM figure, which does not account for the contract's $680MM of deferrals).

The Yankees are obviously going to try to keep Soto in the Bronx. His first season couldn't have gone much better. Soto had arguably the best full year of his career. He just turned 26 and is theoretically only entering his prime, at least offensively. The defense probably won't age well over the course of a deal that stretches beyond a decade, but it doesn't really matter. Soto's floor at the plate is better than any free agent's in recent memory.

Every high-payroll team will be tied to Soto. There's a chance it comes down to a bidding war between the New York franchises. The Mets are clearly going to be all-in. Mets president of baseball operations David Stearns stoked the flames last week, saying the franchise's ample payroll space "means that pretty much the entirety of the player universe is potentially accessible." The biggest offseason question may be whether Yankees owner Hal Steinbrenner is willing to be outbid by Mets owner Steve Cohen on a player who was instrumental in pushing the Yankees to their first pennant in 15 years.

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Alex Kirilloff Announces Retirement

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Twins outfielder and first baseman Alex Kirilloff is retiring from his playing career, as he announced on his personal Instagram account this morning. The Twins subsequently confirmed his retirement in an announcement on X. The soon to be 27-year-old would have been slated for his second of four trips through arbitration with Minnesota this winter.

The surprising decision comes due to the numerous injuries Kirilloff has sustained throughout his career. The outfielder was plagued by a number of wrist, shoulder, and back injuries throughout his career that have caused him to make seven trips to the injured list during his four years in the majors, limiting him to just 249 games played at the big league level. That long list of injuries includes three surgeries: two on his wrist and one on his shoulder.

“In my nine professional seasons, I’ve encountered numerous injuries, which led me to search for new ways to overcome the pain. These challenges have taken a toll on me mentally and physically; over time, I’ve realized that my passion for playing the game has shifted,” Kirilloff said in his announcement. “Baseball demands an ‘all-in’ approach, something I’ve brought to every season. However, I can no longer give it the total commitment it requires. I’ve always believed that playing this game requires 110% effort, and anything less would not do justice to my teammates, coaches, fans, or the game itself.”

Kirilloff’s professional career began when he was selected 15th overall by the Twins in the 2016 draft. While he didn’t make his full-season pro debut until 2018, Kirilloff tore through the lower levels of the minors with a .348/.392/.578 slash line in 130 games at the Single-A and High-A levels in that first full season, which immediately catapulted him towards top prospect status. He entered 2019 as a consensus top-20 prospect in the sport, and even following a slight downturn in production in his first taste of Double-A action that year he remained a consensus top-30 prospect in the game when he made his big league debut in 2021.

Though hampered by a torn ligament in his wrist, Kirilloff’s first season in the majors was generally a solid one as he slashed a roughly league average .251/.299/.423 with eight home runs and 11 doubles in just 231 trips to the plate. Unfortunately, those wrist issues continued to plague Kirilloff in his second year as a big leaguer as well, limiting him to just 156 trips to the plate across 45 games and leading him to undergo wrist surgery for the second consecutive season.

After that second wrist surgery, things finally appeared to be looking up for the talented youngster last year. His season debut was delayed until early May by recovery from the aforementioned surgery, but he hit quite well out of the gate with a .314/.448/.486 slash line in that first month back in the majors. While his production tailed off a bit from there, he remained a regular fixture in the Twins lineup throughout the first half and was hitting a solid .270/.357/.442 through the end of July. Unfortunately, he promptly found himself sidelined by a strained right shoulder that would cause him to miss the entire month of August. Though he managed to return late in the year to play another 19 games in September, the ailment ultimately required yet another surgery that left him to spend his third consecutive offseason rehabbing.

When Kirilloff returned to the Twins lineup in 2024, he once again hit quite well early in the season with a .259/.323/.471 slash line through May 1. Unfortunately, the outfielder began to struggle even as his underlying metrics were solid, and he hit just .135/.207/.284 in what would ultimately be the final 30 games of his big league career. Once again hobbled by an injury, Kirilloff was placed on the injured list in mid-June due to a back injury he had been attempting to play through. The injury proved to be due to a nerve issue, and though he began a rehab assignment with the Twins in late August, that lasted just one game before he found himself sidelined once again. With a fourth consecutive offseason set to be dominated by the rehab process, that Kirilloff found himself in his own words unable to give the “110% effort” required to be a professional ballplayer is understandable.

In all, Kirilloff wraps up his big league career with 249 games played in the majors and a respectable .248/.309/.412 slash line across 884 trips to the plate. We at MLB Trade Rumors congratulate Kirilloff on the hard work and perseverance he showed throughout his career and wish him all the best in retirement.

The 2024-25 Offseason Begins

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After the Dodgers secured their second title in five years, the offseason is officially underway. Transactions should begin again today. Teams are permitted to begin making trades. There’ll be a host of waiver claims as clubs clear space from their 40-man roster, largely in tandem with the necessary reinstatement of injured players from the IL. Teams and players have five days to decide whether to exercise any contractual options.

Free agency technically opens today, but there’s a five-day window for exclusive negotiation between teams and their own free agents. We’re not getting a Juan Soto signing anytime soon, but we could see a handful of smaller extensions as teams try to keep some players from testing the open market.

MLBTR’s winter coverage will kick off later today with our preview of the Top 35 Trade Candidates. We’ve already released projected arbitration salaries from MLBTR contributor Matt Swartz and taken a position-by-position look at the upcoming free agent class while previewing the qualifying offer decisions for pitchers and position players. Our Top 50 Free Agents post will be published on Monday evening after the finalization of option and QO calls.

OCTOBER 31: Free agency begins for eligible players, but they aren’t permitted to sign with other teams for at least five days. Free agents no longer count against their previous teams’ 40-man rosters. Trades of players who were on the 40-man roster reopen for the first time since last summer’s deadline.

NOVEMBER 3: Gold Glove winners announced.

NOVEMBER 4: Free agents are eligible to sign with any team. All players or teams with contractual options/opt-out clauses must make their decisions by this evening. Teams have until 4:00 pm Central to decide whether to issue qualifying offers to eligible free agents.

NOVEMBER 4-7: General managers meetings in San Antonio, Texas. The GM Meetings typically lay the groundwork for the offseason rather than spurring much roster movement in themselves. They’re nevertheless significant as an opportunity for media to speak with high-level executives, which can shed some light on teams’ goals for the winter.

NOVEMBER 12: Silver Slugger award winners announced.

NOVEMBER 14: Reliever of the Year and Comeback Player of the Year award winners announced.

NOVEMBER 18: Rookie of the Year award winners announced.

NOVEMBER 19: Players have until 3:00 pm Central to decide whether to accept the qualifying offer. If they accept, they’ll return to their previous team on a one-year, $21.05MM contract. Players who accept a QO, like all major league free agent signees, cannot be traded without their consent until June 15. Those who decline the QO are tied to draft compensation. MLBTR’s Mark Polishuk recently covered what each team would receive for losing a qualified free agent and the penalties that teams would pay to sign a player who declined a QO.

NOVEMBER 19: Rule 5 protection deadline. Teams must add players who would otherwise be eligible for the Rule 5 draft to their 40-man roster by this date to keep them out of the draft.

NOVEMBER 19: Manager of the Year award winners announced.

NOVEMBER 19-21: Quarterly owners meetings in New York.

NOVEMBER 20: Cy Young award winners announced.

NOVEMBER 21: MVP award winners announced.

NOVEMBER 22: Non-tender deadline. Teams must decide whether to offer contracts to the arbitration-eligible and pre-arbitration players on their 40-man roster. They do not need to agree to salaries by this date, but there’ll be a flurry of salary agreements as players who might otherwise be non-tender candidates often lock in deals at slightly lesser than projected salaries to avoid being cut loose. Players who are non-tendered immediately become free agents without going through waivers.

DECEMBER 8: Hall of Fame Classic Baseball Committee announcement.

DECEMBER 8-11: Winter Meetings in Dallas, Texas. The Winter Meetings are the offseason’s busiest few days and annually feature ample free agent and trade activity.

DECEMBER 10: Amateur draft lottery. The Rockies and Marlins have the best chance (22.45% each) of securing next year’s first overall pick.

DECEMBER 11: Rule 5 draft. Players selected must stay on their new teams’ active rosters for the entire ’25 season or be offered back to their original organization.

DECEMBER 15: Closing of the 2024 signing period for international amateurs.

JANUARY 9: Teams and arbitration-eligible players exchange salary filing figures. They’re free to continue negotiating beyond this date, though virtually every team treats this as an unofficial deadline to avoid an arbitration hearing unless they sign a multi-year contract.

JANUARY 15: Opening of the 2025 signing period for international amateurs. The majority of the international signings for the year will be announced on this date, as virtually all the top prospects have reached handshake agreements by this point. The notable (potential) exception: Japanese star Roki Sasaki, who has expressed an interest in being posted for MLB teams but would be subject to amateur bonus pool restrictions as a player under the age of 25 if his NPB team makes him available this offseason.

JANUARY 21: Baseball Writers’ Association of America Hall of Fame announcement.

JANUARY 27 – FEBRUARY 14: Arbitration hearings. Arbitrators must choose either the team’s or player’s filing figure, not a midpoint.

FEBRUARY 12: Voluntary report date for pitchers and catchers. Players from the Dodgers and Cubs, who’ll open the season in Tokyo, could arrive a few days earlier.

FEBRUARY 17: Voluntary report date for other players.

FEBRUARY 20: Spring Training play begins.

MARCH 18-19: Dodgers and Cubs open regular season play with a two-game series at the Tokyo Dome.

MARCH 27: Domestic Opening Day.

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