Player Option/Opt-Out Update: April Edition
The increasing popularity of opt-outs/player options as a means to close the gap in free agent signings and extensions has changed the face of free agency entirely. Not long ago, opt-outs were perks reserved for the game’s truly elite stars — a benefit to help differentiate nine-figure offers and secure the game’s top stars.
In 2025, they’re downright commonplace. Opt-out laden short-term deals have become a common alternative to the more conventional one-year pillow contract that a player in search of a rebound campaign might pursue. They’ll also provide a soft landing for a veteran whose market didn’t materialize as expected, even coming off a productive season. Some teams simply use them as a means of sweetening the pot even when negotiating with mid- and lower-tier free agents. The Royals gave opt-outs/player options to both Chris Stratton and Hunter Renfroe two offseasons ago. The Reds did the same with Emilio Pagan and Nick Martinez. Tucker Barnhart, Trey Mancini and Ross Stripling are just a few of the other recent examples of solid but non-star veterans to land such clauses in their free agent contracts.
At their core, opt-out provisions aren’t particularly different from club options that have been widely accepted as commonplace for decades. Teams guarantee a certain number of dollars over a certain number of years, and if the player continues performing at a high enough level, they’ll exercise a club option that’s typically locked in at a below-market price. If not, the player will be bought out and sent back to free agency. Player options and opt-outs are merely the inverse; the player/agent negotiate a certain length and annual value but reserve the right to opt back into the market if the player continues to perform at a high level. It’s two sides of the same coin, one favoring the team and the other favoring the player.
There are 16 players around the league this year who’ll have the right to opt into free agency at season’s end, depending on their performance. (Conversely, there are 27 players with club options.) We’ll periodically take a look at this group over the course of the season, as their performances will have a major impact on the 2025-26 market. For more context, you can check out our full list of 2025-26 MLB free agents as well as the first installment of our recent 2025-26 MLB Free Agent Power Rankings, wherein we rank the top 10 free agents in terms of earning power. Darragh McDonald, Anthony Franco and I recently discussed the decision process behind those rankings in the latest episode of the MLB Trade Rumors Podcast.
Onto this year’s group!
Pete Alonso, 1B, Mets | One year, $24MM remaining
Alonso looked like a good bet to opt out from the moment he agreed to terms on his front-loaded two-year, $54MM contract. That he’s been one of the best hitters on the planet in the season’s first three weeks only improves that likelihood. The 30-year-old slugger is slashing a comical .365/.474/.730 with five homers, eight doubles and more walks (12) than strikeouts (10) through his first 78 turns at the plate. Alonso is chasing pitches off the plate at a career-low 19.1% rate and is sporting the best contact rate of his career at 82.8%. He’s doing all of that with career-best marks in average exit velocity (96.3 mph), barrel rate (24.1%) and hard-hit rate (61.1%). Alonso has been an absolute monster, and the fact that he can’t receive a qualifying offer — players can only receive one in their career, and he rejected one last November — is a cherry on top of his dominant output.
Cody Bellinger, OF/1B, Yankees | One year, $25MM remaining (Bellinger receives $5MM buyout if he opts out)
Bellinger posted All-Star numbers with the 2023 Cubs, signed back for three years with a pair of opt-outs and hit well in 2024 — just not to his 2023 standard. Traded to the Yankees this past offseason, many thought he was primed for a rebound because of the favorable dimensions at Yankee Stadium. It hasn’t played out that way. Through his first 62 plate appearances, Bellinger looks more like the lost version of himself from 2021-22 than the strong performer we saw in ’23-’24. He’s hitting .185/.242/.296 with what would be career-worst strikeout and swinging-strike rates of 29% and 15.2%, respectively. When he’s made contact, it’s been loud (90.8 mph average exit velocity, 53.5% hard-hit rate) — and there’s still plenty of time to turn things around. It’s not the start he or the Yankees hoped for, however.
Shane Bieber, RHP, Guardians | One year, $16MM remaining (Bieber receives $4MM buyout if he opts out)
Bieber has yet to pitch this season as he rehabs from last year’s Tommy John surgery. Cleveland has yet to place him on the 60-day injured list, which could offer some optimism regarding his timetable for a return, but he’s not on a minor league rehab assignment yet. At last check, he was targeting a return around the All-Star break.
Alex Bregman, 3B, Red Sox | Two years, $80MM remaining (Bregman can opt out again after 2026)
Bregman has started his Boston tenure on a tear, hitting .321/.365/.564 with four big flies in 85 plate appearances. He’s been 62% better than average, by measure of wRC+, but there are still some of the same red flags he displayed early in the 2024 season. During his peak, Bregman was one of the sport’s toughest strikeouts and showed outstanding plate discipline. From 2018-23, he walked in 13.8% of his plate appearances against a puny 12.3% strikeout rate. Bregman’s walk rate fell off a cliff last season, and it hasn’t recovered so far in 2024. He’s drawn only four free passes (4.7%). More concerning, he’s fanned 18 times, leading to what would be a career-worst 21.2% strikeout rate. Bregman’s chase rate is down, and he’s still making elite contact within the strike zone, but he’s making contact on a career-low 56.5% of his swings on balls off the plate. If he keeps hitting like this, it probably won’t matter, but it’s something to watch as the season continues.
Edwin Diaz, RHP, Mets | Two years, $37MM remaining (Diaz can opt out again after 2026)
Diaz had a nice return from a 2023 season lost to a knee injury in 2024, pitching to a 3.52 ERA with a 38.9% strikeout rate against a 9.3% walk rate. It wasn’t quite his usual level of dominance, but most relievers would happily take a 39% punchout rate in a “down” season. Things aren’t going as well in 2025. Diaz’s four-seamer is sitting at a career-low 96.4 mph, per Statcast. That’s down 1.1 mph from last year’s mark and 2.5 mph from his 99.1 mph peak in 2022. If he were still overpowering opponents, it wouldn’t matter much, but Diaz has been tagged for five runs on six hits and five walks in 6 2/3 frames. That’s a 16% walk rate, and he’s already tossed four wild pitches — more than he did in 53 2/3 innings a year ago. The caveat with everyone on this list is that we’re all of 11-12% through the season, but the early trendlines aren’t good for Diaz.
Jack Flaherty, RHP, Tigers | One year, $10MM remaining (increases to $20MM once Flaherty makes 15 starts)
Flaherty’s heater is down nearly a mile per hour, and his walk rate is up from 5.9% to 10.3% … but that’s in a span of 21 1/3 innings. He’s still getting strikeouts at a plus level (28.7%), and the bottom-line results are good: 2.53 ERA. Flaherty seems healthy, which will be a big factor for him — both in terms of boosting his stock ahead of a potential return to free agency and in boosting his 2026 salary if he winds up forgoing the opt-out opportunity. If he can deliver a third straight season of 27-plus starts and a second straight year with a plus strikeout rate and low-3.00s (or even mid-3.00s) ERA, the market will likely reward him with the long-term deal that eluded him this past winter. Flaherty doesn’t turn 30 until October. He’ll have a chance at a deal ranging from four to six years in length if he comes close to replicating his 2024 performance. One potential downside: he was traded last summer and thus ineligible to receive a qualifying offer. If the Tigers contend all season, as expected, they’ll be able to make Flaherty a QO if he opts out.
Lourdes Gurriel Jr., OF, D-backs | One year, $18MM remaining
Though he’s one of the most consistent hitters in the sport, Gurriel is out to a woeful start in 2025. His D-backs are red-hot, but their current win streak comes in spite of an anemic .145/.176/.304 start from their everyday left fielder. Gurriel has some of the best contact skills in MLB, fanning in only 17.3% of his plate appearances and making contact on just shy of 90% of his swings in the zone dating back to 2022. He’s punched out in what would be a career-low 13.5% of his plate appearances this year, but he’s staring down a .121 average on balls in play. He should be due for a course correction, but it’s worth noting that he’s hitting more fly-balls and fewer line-drives than ever, which is going to naturally suppress his BABIP a bit (although certainly not to this extent). Gurriel is owed $13MM in 2026 and has a $5MM buyout on a $14MM club option for 2027. He’d need to be confident he could top not just $18MM but probably that he’d top two years and $27MM; the hefty nature of that buyout makes him a net $9MM decision for the D-backs in 2027, which seems like a price they’ll be willing to pay.
Ha-Seong Kim, SS, Rays | One year, $16MM remaining
Kim is still finishing up the rehab from last October’s shoulder surgery. He’s expected back mid-to-late May, which would give him about four months to prove he’s back to form. A healthy Kim would’ve been a coveted free agent who could’ve commanded four or more years in free agency. A plus defender at three positions and a plus runner with enough power to pop 10 to 20 homers annually, Kim will be in high demand next offseason if the shoulder injury doesn’t prove a major drain on his offensive capabilities.
Seth Lugo, RHP, Royals | One year, $15MM remaining
Lugo’s rise from reliever to starter to Cy Young finalist has been remarkable. He’s gotten decent results in 2025, with a 3.86 ERA in his first 23 1/3 innings, but his strikeout and walk rates are nowhere near last year’s marks. After fanning 21.7% of his opponents against a pristine 5.7% mark last year, the 35-year-old Lugo currently sports respective rates of 17% and 9.6%. His velocity is below par (92.2 mph average fastball) but right in line with last year’s levels. A year and $15MM should be the floor for a healthy Lugo, even if he doesn’t repeat his brilliant 2024 season. That’s the same mark that older starters like Charlie Morton, Justin Verlander, Alex Cobb and Max Scherzer (well, $15.5MM) received this past offseason. The Royals could tag him with a qualifying offer if he opts out, which would give him a tougher call on a one-year deal that should be worth more than $21MM. That said, if Lugo comes anywhere close to last year’s results, he’d turn that down in pursuit of a multi-year deal.
A.J. Minter, LHP, Mets | One year, $11MM remaining
Minter’s 94.3 mph average fastball is a career-low, but it’s only narrowly shy of his 2024 mark (94.5 mph). It’s feasible that as he further distances himself from last year’s hip surgery, that number could tick up, too. He’s pitched 8 1/3 innings, allowed a pair of runs on five hits and a walk, and punched out a dozen hitters. That’s a whopping 38.7% strikeout rate. So far, Minter is missing more bats within the strike zone than ever before; opponents have an awful 73% contact rate on his pitches in the zone (compared to the 85% league average). Minter landed two years and $22MM with an opt-out when he was coming off hip surgery. He should be able to top a year and $11MM so long as he’s healthy and pitches to his typical levels. So far, so good.
Frankie Montas, RHP, Mets | One year, $17MM remaining
Montas has yet to pitch in 2025 after suffering a lat strain during spring training. He’s yet to begin a minor league rehab stint but, like Bieber, also has not been placed on the 60-day injured list yet. The size of the Mets’ commitment to Montas this winter registered as a bit of a surprise even when he was thought to be healthy. He’ll need a strong few months to walk away from $17MM guaranteed.
Tyler O’Neill, OF, Orioles | Two years, $33MM remaining
The biggest question with O’Neill is whether he can stay healthy enough to position himself for an opt-out. He’s mashing with a .265/.339/.490 slash and two homers through 56 plate appearances. (One of those big flies extended his ludicrous MLB record of six straight Opening Days with a long ball.) He’s also missed the past couple games due to neck discomfort. O’Neill has never played in more than 138 games in a season, and he’s only twice reached 100 games in a year. (He did play 50 of 60 games in the shortened 2020 season.) O’Neill’s 21.4% strikeout rate would be a career-low, but his actual contact rate and swinging-strike rate aren’t career-best marks. It’s hard to see him sustaining that career-low strikeout rate as a result, but O’Neill’s power is substantial enough that he can be a productive hitter even running strikeout rates approaching/exceeding 30%.
Joc Pederson, DH/OF, Rangers | One year, $18.5MM remaining (Rangers can counter opt-out by exercising 2027 club option for $18.5MM)
Signed to help the Rangers remedy their 2024 ineptitude against fastballs, Pederson has instead turned in a career-worst performance against heaters (and every other offering). It’s only 16 games, but Pederson has collected just one hit against fastballs in 2025 — a single. It’s an alarming development for a hitter who carries a lifetime .244 average and .521 slugging percentage against four-seamers. Pederson has compiled an unfathomable .060/.161/.080 slash in 57 plate appearances. He’s still making a fair bit of hard contact, but most of it is resulting in grounders. His 55.6% ground-ball rate and 2.8% (!) line-drive rates are career-worst marks. There’s no earthly way he can continue to struggle this much, but he’ll need quite the turnaround for that opt-out provision to come into play.
Wandy Peralta, LHP, Padres | Two years, $8.9MM remaining (Peralta can opt out again after 2026)
Peralta posted a career-worst 13.6% strikeout rate in year one of his four-year pact with San Diego in 2024. He passed on his first opt-out opportunity, and understandably so. It’s early, but the veteran lefty has more than doubled last year’s awful 8.3% swinging-strike rate, which now sits at 16.8% through 8 1/3 innings. Peralta is generating chases on an eye-popping 40% of his pitches off the plate, and his opponents’ 44.4% contact rate on those swings is the second-best mark of his career. He’s all but shelved his four-seamer, is barely using his slider, and is leaning hard into a sinker/changeup combo. He won’t sustain a 1.08 ERA, of course, but if he keeps piling up grounders and whiffs, he’ll have a good case to opt out, even at age 34.
Trevor Story, SS, Red Sox | Two years, $55MM remaining
It’s hard to believe we’re already in year four of Story’s six-year deal with Boston — in part because we simply haven’t seen him in a Red Sox uniform all that often. The former Rockies All-Star played in only one-third of the team’s games through the first three years of the contract. Injuries have decimated Story in recent years, and he produced a middling .232/.296/.397 line when healthy enough to play from 2022-24. He’s out to a much better start in 2025, playing in 20 games (already just six shy of last year’s total) and recording a .299/.325/.442 line with three homers. A 3.8% walk rate, 30% strikeout rate and .400 BABIP through 80 plate appearances don’t bode especially well, but to his credit, Story is torching the ball; he’s averaging 90.3 mph off the bat and has even better marks in barrel rate (11.3%) and hard-hit rate (54.7%). It’s hard to see him turning down the two years and $55MM after he’s been injured so much in Boston, but he’s enjoying a fine start to the year.
Robert Suarez, RHP, Padres | Two years, $16MM remaining
Suarez’s name popped up late in the offseason rumor mill, but he was always going to be a tough trade candidate because of this two-year player option. If he performed well, he’d opt out, and if he struggled and/or got hurt, the acquiring team would be saddled with two unwanted years. Such is the nature of trading anyone with a player option/opt-out. Suarez stayed put, and the Padres have to be thrilled. He’s 8-for-8 in save opportunities, hasn’t allowed a run in nine innings, and is boasting a 31.3% strikeout rate against a 6.3% walk rate. That strikeout rate is supported by a huge 16% swinging-strike rate. Suarez looks unhittable right now, just as he has in the past when at his best. There’s a lot of season left, and things can go south in a hurry for relievers in particular, but a player couldn’t ask for a better start to a platform season.
NL Injury Notes: Smith, Gomber, Minter
Will Smith has been dealing with a bone bruise in his left ankle for almost nine months, as the Dodgers catcher revealed to The Athletic’s Fabian Ardaya and other reporters this weekend. Smith hurt his ankle while sliding into second base to try and break up a double play in the Dodgers’ 11-3 win over the Yankees on June 8, and he has been dealing with some level of discomfort ever since, though Smith didn’t go on the injured list or even miss really any time in the aftermath of the injury. The issue has persisted even after an offseason of rest, resulting in Smith being held out of Spring Training games until last Friday.
Smith said his ankle is only sore when he runs, and he is otherwise able to catch and hit normally. As Ardaya notes, Smith’s post-injury numbers imply otherwise — Smith hit .292/.361/.498 in 238 plate appearances though June 8, and then only .213/.301/.382 in 306 PA afterwards, plus a .568 OPS over 65 more trips to the plate during the playoffs. Los Angeles GM Brandon Gomes implied that the team might be more open to giving Smith extra off-days to keep him healthy and more well-rested in general for what the Dodgers hope is another deep postseason run.
This might not be the most prominent Will Smith-related news item to ever arise on an Oscar night, but let’s move onto some other notes from around the National League…
- Austin Gomber was scratched from a scheduled start today due to some soreness in his throwing shoulder, MLB.com’s Thomas Harding writes. Testing revealed no structural damage, though Rockies manager Bud Black wasn’t sure when Gomber might be back on the mound. While Gomber isn’t a high-velocity pitcher, his fastball was also down a tick during his first Spring Training start last week, so the matter didn’t solely arise today. Gomber viewed the situation as “a reset” rather than anything too serious, saying “maybe I would have tried to push it a little bit more if we were in a different spot on the calendar. But it being so early in the year, I just felt like I wanted to take a few days to try to get a touch better and not have something that’s like nagging throughout the year.” The veteran southpaw has been part of Colorado’s rotation for the last four seasons, and he posted a 4.75 ERA in 165 innings in 2024.
- A.J. Minter underwent season-ending hip surgery last August, and he hit a big checkpoint in his rehab process by throwing 20-25 pitches during a live batting practice session. Minter told MLB.com’s Anthony DiComo and other reporters that he “felt good” in the aftermath, and figures he’ll have at least one more live BP session before taking part in a proper Spring Training game setting. Despite Minter’s injury, his track record as a reliable bullpen arm led to plenty of interest on the free agent market, and he joined the Mets on a two-year, $22MM deal (with an opt-out after the first year). His progress hints that he might be able to be part of New York’s roster on Opening Day, but “we’re going to be smart about this. If I have to miss a few days or a couple weeks, my goal is to help this team at the end of the season.”
Mets Notes: Bregman, Nimmo, Minter
Infielder Alex Bregman remains unsigned, with his market taking some turns recently. While returning to the Astros once seemed impossible, it now seems that door is open a crack. Other teams are still lurking but it doesn’t seem like the Mets will be jumping in. Ari Alexander of KPRC 2 reports that the Mets are no longer in the running.
The Mets were connected to Bregman earlier this winter but it always seemed like a somewhat less-than-perfect fit since the club has a lot of other options for the infield corners. First baseman Pete Alonso and the club have been in a bit of a staring contest for months and it’s still possible that he comes back to Queens. Even without Alonso, the Mets could have Mark Vientos as their regular first baseman and then have third base open for a competition between Brett Baty, Ronny Mauricio and Luisangel Acuña. Bregman is reportedly willing to move to second base but the Mets have Jeff McNeil there. McNeil can also play the outfield but the Mets have a somewhat crowded mix there.
Bregman is a more established big leaguer than any of the Mets young options but he wouldn’t come cheap. He reportedly has been unwilling to accept a six-year, $156MM offer from the Astros this winter, hoping to get something in the $200MM range. While the Mets might have had some interest in going with a more certain player like Bregman for the 2025 season, signing Bregman would be a larger commitment in terms of dollars and years. He’s about to turn 31 years old and the Baty/Acuña/Mauricio trio are all in the 22-26 range, so perhaps the Mets would rather dedicate their money elsewhere.
It also seems like Alonso is more likely to sign a short-term pact, having pitched a three-year deal to the Mets, while Bregman is still holding out hope for a long-term deal. Considering all those factors, it seems that a reunion with Alonso is probably more likely than pivoting to giving a big deal to Bregman.
Turning to players already on the roster, the club held Amazin’ Day recently, which allowed members of the media to get updates on certain players. Per two reports from Bill Ladson of MLB.com, both outfielder Brandon Nimmo and left-hander A.J. Minter are hoping to be ready before or around Opening Day.
Nimmo, the longtime Met, was playing through plantar fasciitis in his left foot during the latter parts of last year’s schedule. It’s possible that affected his performance, as he slashed .248/.361/.454 in the first half but just .190/.277/.319 in the second, followed by a tepid .220/.328/.280 performance in the postseason. He tells Ladson that he had an injection in his foot after the season and has ramped up to jogging, but has not yet started sprinting. He says he will probably miss some early spring training games but expects to be ready to go by Opening Day.
Getting a healthy season out of Nimmo hasn’t always been easy. Due to various injuries from 2016 to 2021, he only once topped 92 games and maxed out at 140. In 2022 and 2023, he finally showed what he could do with proper health. He got into at least 151 games in both of those campaigns and slashed a combined .274/.365/.450 for a 131 wRC+. Last year, despite the foot injury, he got into 151 contests but his production dipped to .224/.327/.399 and a 109 wRC+.
Nimmo turns 32 in March but his contract runs through 2030, so the club will obviously want to keep him healthy and productive for as long as possible. The fact that he’s trending towards Opening Day readiness is a good sign but the club will probably opt for playing things slow for long-term health if any speed bumps arise.
Minter, 31, was just signed a few days ago. His 2024 season was ended by left hip surgery in August. Regardless, the Mets liked him enough to give him a two-year, $22MM deal with an opt-out after year one. His recovery timeline in the wake of that procedure has been a little murky but he’s hoping to be ready for the start of the season as well.
“The goal is to be ready for Opening Day, hopefully,” Minter said. “With that being said, my hip does feel really good. I’m happy where I am. I don’t want to put a date on it. … The Mets are going to have their protocols. They want me to take it day by day. But for me, personally, my goal is to be ready close to Opening Day.”
Over the past five years, Minter has posted an earned run average of 2.85 over 267 appearances. He has struck out 30.1% of opponents while limiting walks to a 7.8% clip. His contributions were more limited last year due to the hip injury but the Mets are clearly hoping he can be back to his old self once that’s fully in the rear-view mirror.
Mets Sign A.J. Minter
The Mets announced that they have signed free agent reliever A.J. Minter. It’s reportedly a two-year, $22MM contract. The Bledsoe Agency client can opt out after the first season. The Mets had an opening on the 40-man roster.
Minter, 31, has been a strong performer in recent years. However, there is at least some uncertainty due to his health. He went on the injured list twice in 2024 due to left hip inflammation and eventually underwent surgery in August.
It’s unclear exactly when Minter will be fully healthy again but the surgery doesn’t seem to have hurt his market. He’s been connected to the Blue Jays, Cubs, Rangers and Red Sox over the past couple of months and now has a strong pact with the Mets. Perhaps that indicates clubs aren’t too worried about his recovery from the hip procedure impacting him in 2025.
Just looking at Minter’s results, the robust interest makes plenty of sense. From 2020 to 2024, the lefty made 267 relief appearances, allowing 2.85 earned runs per nine innings. He struck out 30.1% of batters faced while limiting walks to a 7.8% clip. He was a key relief arm for Atlanta, who let him earn 16 saves and 92 holds in that time. Even while pitching through the hip problems in 2024, he managed to throw 34 1/3 innings with a 2.62 ERA, 26.1% strikeout rate and 8.2% walk rate.
Despite the hip surgery, it was fair to expect Minter to be one of the most popular relief arms in this winter’s market. MLBTR predicted him for a two-year, $16MM pact but almost all pitchers have been outearning their projections this winter, with Minter no exception. He gets a $22MM guarantee and also an opt-out, meaning he will have the ability to become a free agent again next winter if he demonstrates his health and has a strong season.
The Mets are a sensible landing spot for Minter, as their bullpen is in a state of flux. At the end of the 2024 season, they saw Brooks Raley, Adam Ottavino, Ryne Stanek, Drew Smith and Phil Maton become free agents.
The club also came into the winter particularly shorthanded in terms of left-handed relief. Raley was one such member on the 2024 club, though he underwent Tommy John surgery at the end of May, well before he became a free agent. Jake Diekman was released during the season. Josh Walker was traded around the same time. Alex Young was non-tendered at the end of the year.
All of that left the Mets with Danny Young as their only southpaw reliever on the roster, so an addition made plenty of sense. They signed Génesis Cabrera to a minor league deal and have been connected to free agents like Tanner Scott and Tim Hill. Signing either Scott or Hill could still be an option but the lefty contingent of the Mets bullpen now looks much stronger with Minter in it. Per Mike Puma of The New York Post, the Mets are unlikely to continue pursuing Scott with Minter now on board.
For the Mets, perhaps this is yet another move away from their relationship with Pete Alonso. As recently as yesterday morning, it seemed possible that the Mets and Alonso would work something out. But reporting from yesterday afternoon indicated that the Mets didn’t want to have a prolonged staredown with Alonso. Since they had other players on their radar, they planned instead to move on and spread money around to various different players. In the past 24 hours, they have agreed to new deals with Jesse Winker and now Minter.
The deal with Minter pushed the club’s payroll and competitive balance tax number up to $297MM and $293MM respectively, in the eyes of RosterResource. Last year, those numbers were $336MM and $346MM. If they are willing to get to similar levels in 2025, they still have lots of space to work with. That could be enough room to bring back Alonso but the Mets might also look to make further bullpen upgrades.
They are already between the third and four tiers of the CBT, which are $281MM and $301MM this year. As a third-time payor, they will be facing a tax of 95% for any more money they add up to the fourth line and a 110% rate for spending beyond it. Since Steve Cohen became owner of the team, the tax has never really seemed to be any kind of obstacle for the Mets.
Andy Martino of SNY first reported that the Mets had an agreement with Minter. Joel Sherman of The New York Post reported the two-year, $22MM guarantee. Ken Rosenthal of The Athletic was first on the opt-out provision.
Red Sox Showing Interest In A.J. Minter
The Red Sox have had multiple conversations with free agent reliever A.J. Minter this offseason, writes Chris Cotillo of MassLive. Cotillo lists a few other relievers with whom the Sox have had discussions: Carlos Estévez, Tommy Kahnle and Andrew Kittredge. However, he suggests that Boston could be on the periphery of the Estévez market and that “nothing has heated up” in their conversations with Kahnle.
Minter has been linked to the Blue Jays, Rangers and Cubs in recent weeks. Texas has already made a handful of bullpen signings, including last night’s one-year deal with former Boston righty Chris Martin. The Jays and Cubs should still be involved in the relief market. During the season, Minter had expressed some interest in returning to the Braves, though it’s not clear how seriously Atlanta has pushed for a reunion.
The 31-year-old has been one of the game’s more reliable lefty setup arms during his career. Between 2020-23, he combined for a 2.89 earned run average while striking out more than 30% of opposing hitters in more than 200 innings. Minter’s platform year was a little more questionable. He still managed good numbers, turning in a 2.62 ERA with a solid 26.1% strikeout rate. Left hip issues limited him to 39 appearances, though. He underwent surgery that ended his season in the middle of August.
Minter could be ready early in the year, so the injury should not be too detrimental to his market. That said, it may limit him to two years when he seemed on track for a three-year pact earlier in 2024. At the beginning of the offseason, MLBTR predicted a two-year, $16MM deal.
The relief market has moved slowly. Boston’s $10.75MM deal with Aroldis Chapman is one of four eight-figure reliever contracts thus far. The Sox also brought in Justin Wilson on a one-year deal at a low cost ($2.25MM). Minter would complete a trifecta of new southpaws in Alex Cora’s late-inning mix.
Kahnle is a righty who generally fares better against left-handed hitters. That’s a reflection of how often he uses his changeup. Kahnle turned to the “offspeed” pitch more than 70% of the time last season. It’s tough to argue with the results, as he turned in a 2.11 ERA while striking out more than a quarter of opponents across 42 2/3 innings for the Yankees. Kittredge, a righty who leans on his slider roughly half the time, is coming off a strong season for the Cardinals. The 34-year-old worked 70 2/3 innings of 2.80 ERA ball with a league average 23.3% strikeout rate.
Rangers Interested In Max Fried, A.J. Minter, Jonathan Loáisiga
As the Rangers look to replace the many arms they lost to free agency this winter, three more targets have emerged: left-handed starter Max Fried, left-handed reliever A.J. Minter, and right-handed reliever Jonathan Loáisiga.
The news that Texas is interested in Fried comes from The Athletic’s Ken Rosenthal and Will Sammon. They confirm that re-signing Nathan Eovaldi remains the team’s primary goal but suggest the Rangers are considering Fried as one potential alternative. However, their interest seems to be casual, at least for now. After Corbin Burnes, Fried is arguably the top starting pitcher available in free agency. That means he’s going to command significantly more money than Eovaldi. Entering the offseason, the MLBTR staff predicted Fried would sign a six-year, $156MM deal; Eovaldi’s predicted contract was a two-year, $44MM pact. Thus, as the Rangers look to duck under the luxury tax threshold and continue to deal with TV revenue uncertainty, financial constraints could prevent them from signing any star free agents. In other words, it seems like the Rangers are keeping tabs on Fried, but a deal remains unlikely.
The bullpen is perhaps a bigger area of concern for Texas. The only four pitchers who threw more than 50 innings out of the Rangers bullpen in 2024 are all free agents: Kirby Yates, David Robertson, José Leclerc, and José Ureña. What’s more Josh Sborz is going to miss significant time again after undergoing shoulder surgery. President of baseball operations Chris Young has already made a couple of small additions, claiming Roansy Contreras off of waivers from the Angels and signing Luis Curvelo to a major league deal, but neither is the type of proven, high-leverage arm the Rangers desperately need. Ideally, the Rangers would be in the market for a bona fide closer like Tanner Scott or an All-Star talent like Jeff Hoffman. However, a lack of payroll flexibility could explain why they’re targeting a pair of bounce-back candidates instead.
Over the past five seasons, Minter has pitched to a 2.85 ERA and 3.04 SIERA in 243 innings of work for the Braves. While he only has 36 career saves, the southpaw has experience pitching late in games. He also has several years of playoff experience. In 25 postseason frames, he has a 2.88 ERA and 2.63 SIERA. The reason for hesitation when it comes to Minter, is that he spent two long stints on the injured list nursing a hip injury this past season. He ultimately needed surgery, and it’s not yet clear how soon he’ll be able to return. That said, a hip injury is far less worrisome than an arm-related issue, and Minter was highly durable from 2020-23. Only three relievers made more appearances in that time. Thus, Jon Morosi of MLB Network reports that Minter is among the “most popular” left-handed relievers on the free agent market, linking him to the Braves, Cubs, and Rangers. He was also linked to the Blue Jays earlier this offseason.
Loáisiga has not been nearly as durable as Minter throughout his career, but the upside is appealing. He was one of the top relievers in the game in 2021, putting up a 2.17 ERA and 3.01 SIERA in 70 2/3 innings for the Yankees. Unfortunately, various arm injuries have gotten in his way ever since. He dealt with shoulder inflammation in 2022, bone spurs in his elbow in 2023, and, most recently, he underwent an internal brace procedure in April 2024. The rehab timeline for an internal brace procedure is typically 10-12 months, which means Loáisiga could be back to full strength in time for Opening Day. That being the case, it’s not hard to see why he has so many suitors, including the Yankees, Mets, Blue Jays, and now, according to Jorge Castillo of ESPN, the Padres and Rangers. While it’s been a long time since Loáisiga was a reliable big league reliever, it’s easy to dream about the upside of his 98 mph sinker and lethal curveball. So, it comes as little surprise that he is expected to sign a major league deal this winter (per Castillo).
Cubs Interested In A.J. Minter, Kyle Finnegan
The Cubs have been expected to make moves to bolster their bullpen this offseason even after acquiring right-hander Eli Morgan from the Guardians last month, and two names have emerged that Chicago has reported interest in. Jon Morosi of MLB Network writes that the Cubs are among the teams with interest in left-hander A.J. Minter, while ESPN’s Jesse Rogers notes that the club has spoken to right-hander Kyle Finnegan.
Minter, 31, is one of the winter’s more interesting free agent relievers. The southpaw broke out with the Braves during the 2020 season and has been one of the better lefty relief arms in baseball since then with a 2.85 ERA and a matching 2.84 FIP in 243 innings over the past half-decade. In that time, he’s struck out 30.1% of his opponents while walking 7.8%. Among lefty relievers with at least 200 innings of work since the start of the 2020 season, Minter’s 3.05 SIERA ranks third in the majors behind only Josh Hader and Taylor Rogers.
That track record would seemingly be enough to line him up for one of the more lucrative relief contracts of the offseason, but Minter’s free agency is complicated by a difficult platform season. In 2024, Minter managed a solid 2.62 ERA but saw his strikeout rate dip to just 26.1% while his FIP ballooned up to 4.45 due primarily to an increase in home runs allowed. More problematic for Minter than those steps backward in peripherals, however, was the season-ending hip surgery Minter underwent back in August. Recent reporting has indicated that it’s not yet clear whether Minter will be ready to pitch at the outset of the 2025 season, a reality that could cast a shadow over his free agency if interested teams believe he’s ticketed for a substantial early-season absence.
As for Finnegan, the 33-year-old has spent all five seasons of his big league career with the Nationals but was non-tendered by the club last month. After impressing in his 2020 rookie campaign with a 2.92 ERA in 25 innings, Finnegan stood as the club’s primary closer throughout their recent rebuild. He racked up 88 saves over the next four seasons, pitching to a 3.62 ERA that was 13% better than league average in 265 2/3 innings of work during that time despite a somewhat lackluster 4.28 FIP.
Despite his gaudy save totals, which includes a 38-for-43 record (88.4% conversion rate) in save situations this past season, Finnegan’s numbers cast him as more of a middle reliever than a true closer. He’s struck out just 23.3% of opponents over the last four years while walking 9.3%, and while his 47.5% career groundball rate is certainly above average it’s not exactly exceptional as Finnegan ranks just 22nd among relievers with at least 200 innings of work since the start of the 2020 season by the metric. In that same timeframe, Finnegan’s 3.86 SIERA is well below average for a reliever and ranks just 55th among 70 qualifying relievers.
With that being said, Finnegan’s somewhat middling numbers throughout his career could make him relatively affordable on the open market, and the Cubs’ hesitance in recent years to commit to pricey guarantees for relievers could lead them to be intrigued by the upside offered by a hurler who averaged 97.4 mph on his fastball last year and offers late-inning experience that could benefit a mostly young bullpen that currently features Porter Hodge as its top high leverage option after the righty posted a dominant rookie campaign in 2024. Minter, by contrast, figures to a land a healthier guarantee so long as his market isn’t depressed by the health question marks surrounding him. MLBTR predicted the lefty to land a two-year, $16MM guarantee as part of our annual Top 50 MLB Free Agents list, where he ranked 34th.
Blue Jays Interested In Several Free Agent Relievers
The Blue Jays had one of baseball’s worst bullpens in 2024, as injuries and under-performance wreaked havoc on what was a solid relief corps as recently as the 2023 campaign. Toronto’s steps to overhaul the pen have thus far been more focused on subtraction than addition, as the Jays have parted ways with the likes of former closer Jordan Romano, Genesis Cabrera, and Dillon Tate.
While the Juan Soto pursuit has dominated the Jays-related headlines this winter, the club has been actively linked to many players, as has been the standard operating procedure for Ross Atkins during his time as Toronto’s GM. This includes multiple relief arms, as Sportsnet’s Ben Nicholson-Smith and Shi Davidi report that the Jays “have shown some level of interest” in Carlos Estevez, Kenley Jansen, Andrew Kittredge, Chris Martin, Phil Maton, A.J. Minter, and Paul Sewald. ESPN’s Jorge Castillo adds that Toronto is also one of the many teams interested in Jonathan Loaisiga.
Davidi and BNS note that the Guardians have shown some interest in some of Toronto’s minor league prospects, leading to some speculation that the Jays could look to bring in local product Josh Naylor, who is known to be available in trade talks. Speculatively, the Toronto/Cleveland connection might also be related to the Blue Jays’ bullpen search, as the Guards are very deep in relief pitching.
The sheer volume of names under consideration isn’t really all that unusual, considering how most teams take a broad view of the ever-shifting bullpen market. As Davidi and Nicholson-Smith note, the Jays have rarely invested much in relief pitching during Atkins’ tenure, and most of the relievers listed would likely be available on shorter-term deals. Turning to MLBTR’s ranking of the offseason’s top 50 free agents, Estevez (22nd, projected for three-year, $27MM contract), Minter (34th, two years/$16MM), and Kittredge (40th, two years/$14MM) were the only ones to make the list.
Going beyond their usual comfort zone to sign Estevez might reflect the Blue Jays’ greater need for bullpen help, as non-tendering Romano left a big vacancy in the closer’s role. Chad Green looks like the favorite for saves at the moment, but signing Estevez would push Green back to a setup job and create a clearer bullpen hierarchy.
Jansen, of course, is far and away the most established closer of the group, with 447 saves over his standout 15-year career. Though Jansen is entering his age-37 season, he is coming off yet another strong performance in posting a 3.29 ERA and 27 saves over 54 2/3 innings with the Red Sox in 2024.
Sewald had seemingly established himself as a solid closer with the Mariners and then the Diamondbacks, and even got off to a hot start in 2024 before running into injuries and a very rough stretch that cost him his ninth-inning role in Arizona. Better health and a change of scenery could very well spark a return to form for Sewald, making him perhaps a bit of an underrated candidate for teams in need of saves.
Braves Willing To Exceed Luxury Tax In 2025
The Braves have been relatively quiet to this point in the winter, having done little to this point beyond trade Jorge Soler to the Angels at the start of the offseason. That’s created the impression of a club being cautious about its payroll situation this winter, when they stand at risk of surpassing the luxury tax for a third consecutive year, which would come with stiff tax penalties and cause the first-round pick in the 2026 draft to move back ten spots. Despite the club’s slow start to the winter, however, Braves president of baseball operations Alex Anthopoulos told reporters (including David O’Brien of The Athletic) that the club is willing to surpass the luxury tax for a third consecutive year to address the club’s needs this winter.
According to O’Brien, the club’s initial plans for the offseason were scuttled when they received worrisome medical updates regarding stars Ronald Acuna Jr. and Spencer Strider as well as reliever Joe Jimenez. Neither Acuna nor Strider is expected to be ready for Opening Day as things stand, and O’Brien adds that both could be out of action “well into May.” That news, in conjunction with the loss of Jimenez to knee surgery for most or all of the 2025 campaign, left the Braves to look for ways to free up salary. Per O’Brien, the club likely wouldn’t have restructured the contracts of Reynaldo Lopez and Aaron Bummer nor declined the club option of veteran catcher Travis d’Arnaud had these injuries not put additional pressure on the club to pursue help in the outfield, rotation, and bullpen.
Of those three areas of the roster, the outfield appears to be the most pressing for the club to address. O’Brien notes that the Braves may prefer to be extra cautious with Acuna next season in the aftermath of his second torn ACL in four seasons, particularly after he struggled (at least relative to his own elite standards) in 2022 after returning to the lineup as soon as possible. That’s led the club to pursue outfield help thanks to the relatively lackluster in-house alternatives of Eli White, Luke Williams and Carlos D. Rodriguez as options to pair with Jarred Kelenic and Michael Harris II on the grass until Acuna returns.
On the pitching side of things, however, the Braves seemingly have more comfort with their internal options. Reigning NL Cy Young award winner Chris Sale figures to be joined by Lopez and rookie Spencer Schwellenbach in the club’s Opening Day rotation for 2025, and the club has a large number of possible internal options to handle the other two rotation spots including Bryce Elder, AJ Smith-Shawver, Hurston Waldrep, and Ian Anderson among others, but Anthopoulos suggested one surprising internal candidate for a rotation job as well: right-hander Grant Holmes.
The 28-year-old made his MLB debut for the Braves this past season and excelled in a swing role for the club with a 3.56 ERA and 3.20 FIP in 68 1/3 innings of work split between seven starts and 19 relief appearances. Given Holmes’s apparent comfort moving between the rotation and bullpen, he could prove to be a sensible choice to fill in for Strider in the club’s Opening Day rotation before moving into a relief role once the hard-throwing righty returns to action. Similarly, O’Brien notes that Anthopoulos expressed interest in using right-hander Daysbel Hernandez in a set-up role in 2025 to help make up for the loss of Jimenez. Hernandez pitched just 18 innings for Atlanta in 2024 across 16 appearances, but he made a strong impression in that limited time with a 2.50 ERA, a 35.1% strikeout rate, and a 2.11 FIP.
One other option to help make up for the loss of Jimenez that O’Brien notes could be on the table is a reunion with southpaw A.J. Minter. While O’Brien suggests that the club “might” re-sign Minter this winter, one potential wrinkle in bringing Minter back to help ease the loss of Jimenez is the fact that the lefty might also miss Opening Day following surgery. Minter underwent season-ending hip surgery back in August, and O’Brien notes that it’s not yet clear whether or not he’ll be ready to pitch early in the 2025 season.
Even setting aside the potential implications Minter’s health could have on Atlanta’s interest in a reunion, his injury woes lingering into the season could substantially impact earning power this winter, as well. MLBTR predicted a two-year, $16MM deal for Minter earlier this offseason as part of our annual Top 50 MLB Free Agents list, but that prediction came with the presumption that the southpaw would be ready for Opening Day in 2025. If Minter’s rehab from surgery leaves Opening Day in question for the lefty throughout the offseason, it would hardly be a surprise to see the 31-year-old settle for a one-year deal this winter in hopes of proving himself healthy and having a better chance at a more lucrative multi-year deal next year.
Braves Notes: Minter, Holmes, Gurriel
Braves reliever A.J. Minter underwent season-ending hip surgery today, the team announced. Manager Brian Snitker said last week that Minter was going under the knife, though he didn’t specify whether it’d be a season-ending procedure. That seemed to be the case when Atlanta moved Minter to the 60-day injured list in tandem with the Gio Urshela signing. Today’s announcement officially closes the book on any chance of the southpaw making a return in the playoffs.
Minter’s year concludes with a 2.62 ERA across 34 1/3 innings. He fanned an above-average 26.1% of opponents against an 8.2% walk rate. That’s a solid strikeout and walk profile but a tick below the numbers he’d posted from 2022-23. Minter fanned more than 30% of his opponents in each of the previous two years, topping 60 innings in both seasons.
Hip discomfort has plagued Minter for a few months. He initially went on the IL in late May with inflammation. His return from that injury proved relatively short-lived and necessitated the year-ending surgery. It’s possible that marks the end of his Atlanta tenure. The former second-round pick will hit free agency during the upcoming offseason. He still has a shot at a multi-year deal, though that’s not the lock it had seemed earlier in the season.
Dylan Lee stepped into the bullpen in Minter’s place. He’s joined in the relief group by Grant Holmes, who moved back to the bullpen this week. Snitker announced before Tuesday’s game that the Braves were kicking Holmes to relief after they reinstated Reynaldo López from the injured list (X link via David O’Brien of the Athletic). The 28-year-old rookie had made four starts between late July and the middle of this month. He pitched fairly well, working to a 4.57 ERA with an impressive 28% strikeout rate in 21 2/3 innings.
There’s not any room for Holmes to maintain a spot in the rotation unless the Braves wanted to go to a six-man staff. Chris Sale, Max Fried, López, Spencer Schwellenbach and Charlie Morton all have spots secured. Holmes exhausted his minor league options while he was a prospect in the Oakland farm system. The Braves can’t send him to Triple-A without running him through waivers. Holmes has pitched well enough this season that he’d very likely be claimed, so the Braves will keep him in a multi-inning relief capacity. Holmes tossed two scoreless innings against Philadelphia on Tuesday and is up to a 3.45 ERA through 47 frames on the season.
That doesn’t leave much flexibility for any kind of roster maneuvering. Of Atlanta’s eight MLB relievers, only Lee still has options remaining. Schwellenbach is their only starter who can freely be sent down, although he’s pitching so well that the team has no reason to consider doing that. The 13-pitcher limit could eventually push the Braves to make a call on whether to continue carrying both Luke Jackson and Jesse Chavez in the middle innings.
Injuries have been an unfortunate theme for Atlanta throughout the season. That continued this week with Austin Riley suffering a hand fracture that’ll sideline him for well over a month. Urshela is the short-term answer at third base, though the Braves seem to be considering a contingency option in the minors. As Francys Romero reported (on X) earlier this week, Atlanta is giving Yuli Gurriel third base playing time at Triple-A Gwinnett. He had played exclusively first or second base for the Stripers until Riley’s injury; he has started the past two games at the hot corner.
Gurriel signed a minor league deal with Atlanta in April. He’s having a very strong season with Gwinnett, hitting .297/.378/.493 with 12 homers and a strong strikeout and walk profile. That has yet to get him back to the majors after well below-average seasons with the Astros and Marlins in 2022-23. The 40-year-old infielder hasn’t started an MLB game at third base since 2019, instead spending almost all of his time at first base in recent years.