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Astros’ GM Discusses Valdez, Bregman

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Astros general manager Dana Brown met with reporters shortly after the team finalized its biggest trade in years. In the wake of sending Kyle Tucker to the Cubs for Isaac Paredes, Hayden Wesneski and prospect Cam Smith, Brown spoke about what’s next.

Most notably, he downplayed the chance of moving ace Framber Valdez. He indicated the front office continues to be open to offers on anyone but suggested he didn’t find it likely they’ll move the star lefty. “We’re not aggressively trying to move him, but we’ll listen,” Brown told reporters (link via Matt Kawahara of the Houston Chronicle). “If you ask me if (I) think we’re going to trade Valdez, I don’t think we’re trading Valdez. I think he’s (a) pillar, and it’s really tough to keep a rotation intact, and we really feel like he’s going to be an important one in our rotation.”

Valdez and Tucker were each thrust into trade rumors on Monday, when Brown replied to a question on their availability by saying the team would “listen on all the players.” Today’s comments don’t refute that, though the Astros seem less motivated to pursue trade talks on Valdez now that they’ve moved Tucker. One of the primary motivations for trading either player was offloading their expensive projected salaries for their final season of arbitration. The Tucker trade should save the Astros around $9MM — the difference between the projections for Tucker’s and Paredes’ salaries — and drops their projected luxury tax number to roughly $225MM (courtesy of RosterResource). That puts them around $16MM shy of the base threshold.

MLBTR contributor Matt Swartz projects Valdez for a $17.8MM salary. The Astros shouldn’t have as much of a desire to offload that money. Perhaps they will reconsider if they receive an offer that takes the general shape of the Tucker trade and allows them to acquire MLB help and at least one prospect of note. Brown acknowledged today that the club hasn’t had any extension talks with Valdez since last year, so they’re probably not optimistic about the chance of keeping him beyond next season. They’re still aiming to win the AL West in 2025, though, so they’re not going to move Valdez strictly for minor league talent.

Brown was also naturally asked how the Tucker trade impacts their pursuit of Alex Bregman. While there could be a few million dollars more to offer Bregman in the short term, landing Paredes gives the Astros a fallback at third base which they’d previously lacked. Brown indicated the Tucker trade doesn’t have much impact on the Bregman bidding. “Pretty much, Alex Bregman’s status [remains] the way it is,” he stated (link via Brian McTaggart of MLB.com). “Nothing has changed since the last time I’ve talked to you guys. … It’s still pretty much the same where we were Tuesday.”

There’s still room for Bregman on the roster. Paredes has played nearly 400 career innings at first base. He’s a serviceable defender at third base, but his profile is built around his bat. He wouldn’t lose a ton of value if he moves to the other side of the diamond. Houston needs first base help. They’d probably run a Jon Singleton and Zach Dezenzo platoon if the season opened today.

Brown acknowledged that the team was looking for a bat. They’re not going to find anyone of Tucker’s caliber, of course, but there’s still a decent amount of talent available in both the first base and corner outfield markets. Chandler Rome of the Athletic writes that Houston is looking for a left-handed hitting outfielder, in particular, as a direct replacement for the role Tucker filled.

The GM told Rome and other reporters that the Astros expect for Chas McCormick to open the season in right field while Jake Meyers plays center. He left the door open for a left field acquisition. Switch-hitter Jurickson Profar and lefty-swinging Max Kepler and Alex Verdugo are speculative possibilities who remain unsigned.

Cubs Close To Deal For Kyle Tucker

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1:20pm: Right-hander Hayden Wesneski is also involved in the talks, per Ken Rosenthal of The Athletic.

1:03pm: The Cubs and Astros are “close” to an agreement on a Tucker trade, tweets Heyman. Ari Alexander of KPRC-2 in Houston reports that the two sides have discussed a return that would send Paredes, Smith and a third player to Houston.

12:56pm: Talks between the two sides have “continued to gain momentum,” Jon Morosi of MLB Network reports. Jon Heyman of the New York Post tweets that Smith and Paredes are “among the names being discussed,” suggesting others could indeed be in play.

9:10am: The Cubs and Astros have been in talks on a trade that would send star outfielder Kyle Tucker from Houston to Chicago in exchange for infielder Isaac Paredes and 2024 first-round pick Cam Smith, reports Bruce Levine of 670 The Score. It’s not yet clear whether other players are involved on either end. There’s no indication a deal is nearing the finish line.

Tucker, 27, only recently emerged as a viable trade candidate. The former No. 5 overall pick broke out as an everyday player in 2020 and has since elevated himself to one of the game’s best young players all around. Over the past four seasons, he’s turned in a .280/.362/.527 slash with 112 homers, 80 steals, an 11.3% walk rate and just a 15.1% strikeout rate. A fracture in his shin cost him much of the 2024 season, but he had his most productive season ever when healthy: .289/.408/.585, 23 homers, 16.5% walk rate in 78 games.

Tucker is a year from reaching free agency as a 28-year-old and is poised to command the type of mega-contract that Astros owner Jim Crane has been unwilling to offer; Houston’s longest contract under Crane has been Yordan Alvarez’s six-year, $115MM deal. Jose Altuve’s $151MM extension is the largest in terms of overall guarantee. Tucker could command double that guarantee in free agency over a significantly longer term than Alvarez’s deal.

For the Cubs, adding Tucker would only further increase the likelihood of trading Cody Bellinger and/or Seiya Suzuki. Tucker would supplant both in right field. Chicago already has young Michael Busch at first base and Pete Crow-Armstrong in center field. Left fielder Ian Happ has a full no-trade clause. There’d be no obvious spot to play either Bellinger or Suzuki other than designated hitter. That’d be a waste of Bellinger’s solid defensive skills, and Suzuki has a preference to play in the field rather than slot in as a primary DH. He also has a full no-trade clause, further complicating matters.

The trio of players’ contracts are worth keeping in mind, too. Tucker is entering his final season of club control and is projected by MLBTR contributor Matt Swartz to earn $15.8MM this coming season. Bellinger is guaranteed a $27.5MM salary next season and has a $25MM player option with a $5MM buyout for the 2026 season. In essence, he’s guaranteed at least $32.5MM for one year and perhaps $52.5MM over the next two seasons, pending that opt-out decision. Suzuki has two years to go on his five-year, $85MM contract and will earn $18MM in each of the next two seasons.

For the Astros, trading Tucker would be a tough pill to swallow. Crane has voiced a willingness to pay the luxury tax if the right situation presents itself but seems to rather clearly prefer to avoid doing so for what would be a second straight season. The ’Stros have been angling to bring longtime third baseman Alex Bregman back into the fold, but he’s been seeking a deal north of $200MM while Houston’s most recent reported offer was for six years and $156MM. That the Astros are looking at not only an immediate big league option at the hot corner (Paredes) but also a recent first-round pick whose primary position is third base (Smith) at least implies some pessimism of completing a reunion with Bregman.

That said, the Astros also have a need at first base. Paredes could capably fill that role, as he’s played all four infield positions throughout his big league career. He’s primarily been a third baseman, but he does have nearly 400 innings at first base under his belt. It’s at least possible that the Astros could use the payroll space created by a potential Tucker trade to re-sign Bregman, play Paredes at first base and then simply be content to add a player with Smith’s overall upside to the upper tiers of their system. Smith isn’t likely to be a big league option until 2026 anyhow, and his bat is his calling card; a move to an outfield corner isn’t out of the question at some point.

Paredes, 26 in February, went from the Rays to the Cubs at the 2024 trade deadline and struggled in his new environs. The versatile slugger hit .250/.342/.488 and belted 31 homers for Tampa Bay in 2023 and looked well on his way to approximating that production in ’24 when he hit .245/.357/.435 with the Rays prior to the trade. With Chicago, however, Paredes slumped to a tepid .223/.305/.307 slash in 212 plate appearances.

Those struggles notwithstanding, Paredes is a .234/.338/.437 hitter (123 wRC+) who’s swatted 70 homers while playing four different positions across the past three seasons. He’s walked in a strong 11.2% of his plate appearances during that span against a 17.3% strikeout rate that’s about five percentage points lower than average. He’s projected to earn $6.9MM in 2025 and is under club control through the 2027 season. He’d be a long-term add for the Astros who can help out at a variety of positions and who would offer a solid bat against righties and plus production against southpaws (.274/.366/.456). On top of that, he ranked third among all qualified MLB hitters in pull percentage this season and posted the second-lowest ground-ball rate in that same set. An extreme-pull righty bat with that kind of penchant for elevating the ball seems almost tailor-made for Houston’s short left field porch.

Smith, meanwhile, was just selected with the No. 14 pick last summer and signed for a bonus a bit north of $5MM. The Florida State product absolutely torched minor league pitching with a .313/.396/.609 slash in 134 plate appearances across two Class-A levels and Double-A. It was one of the best debut performances of any draftee and only served to further elevate his already considerable prospect stock. Baseball America ranks Smith sixth in a deep Cubs farm system that in 2024 boasted six of the game’s top 100 prospects. Smith will likely be included on several top-100 rankings ahead of the 2025 season.

Currently, RosterResource projects the Astros for a $215MM bottom-line payroll with nearly $234MM of luxury tax obligations. That leaves them about $7MM shy of this season’s $241MM tax threshold. Moving Tucker would open up quite a bit of breathing room, as would a trade of reliever Ryan Pressly, whose name has also frequented the rumor circuit this offseason. He’s owed $14MM but can veto any trade scenario as a player with 10-and-5 rights (10 years of MLB service, including the past five with the same team). Astros general manager Dana Brown said early in the offseason that his club might need to be “creative” to address roster needs amid payroll uncertainty, and talk of potential deals involving Tucker, Pressly and lefty Framber Valdez all fit under that umbrella.

Latest On Yankees’ Offseason Plans

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The Yankees’ offseason was largely focused on Juan Soto until he agreed to a new deal with the Mets, which has pushed the Yanks towards various backup plans. They now have agreements in place with Max Fried and Jonathan Loáisiga but there’s still plenty more work to be done. They are seemingly looking for an outfielder, a couple of infielders and more bullpen help. That could come from further free agent signings but they also have a rotation surplus that could help them on the trade market.

One name they have frequently been connected to is Cody Bellinger of the Cubs. He is capable of playing either the outfield or first base, two spots where the Yankees need help, though Mark Feinsand of MLB.com reports that the Yanks probably view Bellinger as a better fit in left field.

The Yanks are expected to move Aaron Judge back to right field, after he served as the club’s primary center fielder while sharing the roster with Soto. Now that Soto is gone, it seems the plan is to give Jasson Domínguez a chance to seize the center field job, with Trent Grisham around as a glove-first insurance option. They would still need a solution in left, since Alex Verdugo is now a free agent, though Bellinger is a possibility there. Bellinger has played left field far less than center or right but there’s no reason to think he couldn’t handle himself over there.

Lining up with the Cubs on value may be an issue, however. Jon Heyman of The New York Post reports that the Cubs are hoping for the Yankees to take on most of his remaining contract, while the Yanks think the Cubs should be eating some more money in the deal.

Bellinger had a chance to opt out of his deal last month and didn’t take it, which implies that he thinks his current contract is better than what he could get on the open market, at least for now. He is set to make $27.5MM in 2025, then with a choice between a $5MM buyout or a $25MM salary in 2026. If he were a free agent right now, he could perhaps secure a long-term deal with a guarantee larger than the $52.5MM he’s currently owed, but his current deal has short-term appeal. There is still a path towards him having a good season in 2025, banking $32.5MM this year and returning to the open market.

That would be the best case scenario for the Yankees or any acquiring team. If Bellinger produces at a level commensurate with that salary and leaves, that’s a nice scenario for the upcoming campaign. But there’s also the alternate reality where he disappoints, it overpaid this coming season and then sticks around for 2026 as well.

Bellinger’s inconsistent career makes either path possible to see and teams will have differing opinions about which is more likely or what they are willing to risk for the right to take a chance. At the moment, it seems the Yankees and Cubs aren’t in alignment on the calculations but Heyman says progress has been made this week.

Though he won an MVP award back in 2019, Bellinger struggled immensely in 2021 and 2022 while trying to get back in form after shoulder surgery. His past two seasons have both been good but to varying degrees. He hit .307/.356/.525 for a 136 wRC+ in 2023 while stealing 20 bases, but then hit .266/.325/.426 for a 109 wRC+ this year while swiping nine bags.

Another possible target area for the Yanks is third base. They do have Jazz Chisholm Jr. as an in-house possibility there, but he could move him to second base if they were to acquire someone like Nolan Arenado or Alex Bregman for the hot corner.

The Cardinals are exploring the market for Arenado, who has a full no-trade clause. It was reported earlier this week that Arenado is willing to approve trades to six teams. The Yankees weren’t on there but it’s possible that the list wasn’t exhaustive. Feinsand relays that it’s expected Arenado would approve a trade to the Bronx. That’s a logical conclusion since Arenado seems to want to play for a contender and there’s no doubting the Yanks qualify there. They just made it to the World Series and are clearly being aggressive in ramping up for another push next year.

Arenado hasn’t been his usual self over the past two years, however, and it’s fair to wonder if he can get back there now that he’s on the cusp of his 34th birthday. He hit .293/.358/.533 for a 149 wRC+ as recently as 2022 but has slashed a combined .269/.320/.426 for a 104 wRC+ over the past two years. His strong third base defense still makes him an attractive option but, like Bellinger, he’s making notable money. He is set to make $74MM over the next three years, though the Rockies are covering $10MM of that and there are also deferrals.

Bregman is likely viewed as a better option in the short term, but there are complications. He’s going into his age-31 season, making him notably younger than Arenado. He doesn’t quite have the same defensive reputation but is above average in the field. He hit .260/.315/.453 for a 118 wRC+ inf 2024 and was even better after an early-season slump. He hit .280/.329/.509 from May 9 through the end of the year for a 137 wRC+.

But as a free agent, he’s going to command a contract larger than what’s left on Arenado’s deal. MLBTR predicted him for a contract worth $182MM over seven years and the market has been hot so far this winter, so that might be selling him short at this point. There’s also the lingering resentment from the 2017 sign-stealing scandal that was eventually brought to light, creating enough bitterness that general manager Brian Cashman brought it up unprompted during a recent appearance on MLB Network. However, Bryan Hoch of MLB.com reports that Bregman’s involvement in that scandal would not stand in the way of the Yankees pursuing him.

In the bullpen, both Feinsand and Hoch mention that the Yankees are interested in left-hander Tanner Scott for their bullpen. He just wrapped up a season in which he posted a 1.75 earned run average, 28.6% strikeout rate, 12.2% walk rate and 50% ground ball rate. The Yankees have a longstanding affinity for ground ball guys and don’t really have a left-handed reliever on the roster at the moment, with Tim Hill and Tim Mayza now free agents.

Scott would be a great fit but should be popular and could earn a notable contract. MLBTR predicted him for $56MM over four years and the aforementioned hot market could make that estimate low at this point.

As the Yankees assess those possible acquisitions, they are also going to be fielding offers on their starting pitchers. They now have Fried, Gerrit Cole, Carlos Rodón, Luis Gil, Clarke Schmidt, Nestor Cortes and Marcus Stroman as established rotation options, plus depth pieces like JT Brubaker, Cody Poteet, Will Warren and others. Cortes and Stroman have been in trade rumors before but Hoch reports that Gil and Schmidt have drawn interest and Cashman tells him that the club will be “open-minded to all possibilities.”

It’s unsurprising that Gil and Schmidt would draw interest. Gil just won American League Rookie of the Year after posting a 3.50 ERA for the Yanks. Schmidt had a 2.85 ERA but was limited by injury to just 16 starts. Gil is still in his pre-arbitration years and can be controlled through 2028 while Schmidt is projected for a modest $3.5MM next year by MLBTR contributor Matt Swartz and can be controlled through 2027.

Storman and Cortes would have less trade value. Stroman is coming off a middling season in which he posted a 4.31 ERA and got bumped from the rotation by the end of the year. He’s going to make $18MM next year and could also unlock a player option of the same value for 2026 if he pitches 140 innings next year. Cortes is now one year away from free agency with a projected $7.7MM salary next year. He had a decent 3.77 ERA this past year but his strikeout rate fell for the third year in a row and he missed a lot of time due to injuries in 2023.

Though Gil or Schmidt would have more value to another club, that’s also true of the Yankees. Their competitive balance tax number is now estimated at $264MM, per RosterResource, meaning they are already over the second tax tier of $261MM and within striking distance of the $281MM third tier. Going over that third tier leads to escalating penalties and also the club’s top draft pick being pushed back ten spots. That is seen as a line for some clubs but the Yanks just finished 2024 with a CBT number of $313MM, so it may not be any kind of red line.

There are still various paths forward for the Yanks via free agency and trade. They’ve also been linked to Christian Walker, Kyle Tucker and plenty of others. Though it’s now the middle of December, their offseason is still very much in the early stages.

Angels Have Checked In On Arenado, Bohm, E. Suarez

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The Angels are known to be open to an everyday addition at third base, and Jeff Fletcher of the Orange County Register reports they’ve at least gauged the respective asking prices for Nolan Arenado, Alec Bohm and Eugenio Suarez in talks with the Cardinals, Phillies and Diamondbacks, respectively.

The Halos are reportedly one of the at least six teams to which Arenado would approve a trade, though that’s a somewhat surprising development in and of itself. Both reporting out of St. Louis and, more recently, direct quotes from agent Joel Wolfe have suggested that the eight-time All-Star would prefer to land with a team that has a clear path to contention over the remaining three years of his contract. Said Wolfe earlier this week to a host of reporters at the Winter Meetings: “He wants a team that has the throttle down … that he believes he can jump right in and they’re going to win right now.”

While the Angels are clearly looking to better the club — they’ve added Yusei Kikuchi, Jorge Soler, Travis d’Arnaud, Kevin Newman and Kyle Hendricks this winter — it’s less clear that those moves position them as a contender for the foreseeable future. The Angels’ 63-99 record was the fourth-worst in MLB last season, landing them last place in the American League West. Arenado is an Anaheim-area native, however, having been born in Newport Beach and attended high school in Lake Forest. That proximity to home could understandably hold some sway, especially when coupled with a series of win-now moves from the Angels over the past six weeks or so.

Arenado, 34 in April, is owed $74MM over the next three seasons, but the Rockies are on the hook for $10MM of that under the terms of the deal that sent him from Denver to St. Louis several years ago. His offensive contributions have fallen off over the past two seasons — .269/.320/.426, compared to .293/.358/.553 in third-place MVP season in 2022 — but the six-time Platinum Glove winner remains a premium defender with excellent contact skills. That sets something of a high floor, while the money left on his contract means the asking price for Arenado (prospect-wise) won’t be exorbitant unless the Cardinals pay down a notable portion of the deal.

With Bohm, the asking price has appeared higher, at least in the Phillies’ early asks. They reportedly asked the Mariners about right-handers Logan Gilbert and George Kirby in early talks regarding the longtime Philadelphia third baseman — an outlandish ask even coming off a solid season for Bohm. (That said, it stands to reason the Phillies would aim high early in any trade talks.)

Bohm, 28, hit .280/.332/.448 this past season, but the overwhelming majority of his production came in an outrageous April wherein he slashed .366/.438/.598. From May 1 onward, Bohm hit just .258/.303/.410 — slightly below league-average production. He’s long had negative defensive grades at third base but made strides in 2024 according to both Defensive Runs Saved (0) and Outs Above Average (4). Whether that’s sustainable will be a question interested clubs weigh carefully. Bohm is projected by MLBTR contributor Matt Swartz to earn $8.1MM in 2025 and is controllable through the 2026 season.

It’s not entirely clear that Suarez is available — Arenado and Bohm very much are — but the D-backs are a medium-payroll club with inhouse options to step up in the event that a deal comes together. Top prospect Jordan Lawlar is all but MLB-ready, and young Blaze Alexander could take some reps at the hot corner alongside shortstop Geraldo Perdomo if the Snakes opt to give Lawlar a bit more seasoning in Triple-A.

At one point this season, Suarez even briefly looked to be losing the grip on his starting third base job to Alexander. Suarez caught fire shortly thereafter, however, and not only regained his form but was one of the game’s best hitters in the season’s final three months: .312/.357/.617, 24 home runs in his final 325 plate appearances from July 1 onward. That prompted the D-backs to exercise a $15MM club option. Suarez is a free agent following the season, though, and it’s feasible that the Diamondbacks could move him for some minor league talent, go with Alexander/Lawlar at third base in 2025, and reallocate Suarez’s salary to needs at first base, in the bullpen and on the bench. That’s speculative, but the fact that the Angels have at least checked in suggests the Diamondbacks didn’t expressly turn them away.

It seems clear that GM Perry Minasian is seeking upgrades at the hot corner, even with Anthony Rendon signed for another two seasons. Any of the three players listed here would fit the bill, given what the Halos received at third base last year (combined .217/.290/.311 batting line). That’s also true of Alex Bregman and Gleyber Torres — another reported target of the Angels — but Fletcher adds that Bregman and perhaps even Torres might be out of the Angels’ price range at this point. That Torres might be too spendy doesn’t bode well for an Arenado acquisition (again, barring financial help from the Cards), but Bohm and Suarez seem feasible.

Red Sox Preparing Offer To Corbin Burnes

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The Red Sox are preparing a formal contract offer to Corbin Burnes, write Chris Cotillo and Sean McAdam of MassLive. The former Cy Young winner is the final clear top-of-the-rotation arm available in free agency.

Boston came up empty in their pursuit of Max Fried. While the Sox were one of Fried’s top suitors, they balked at the massive $218MM guarantee which the southpaw landed from their rivals. The Red Sox have also seen reported targets Blake Snell and Nathan Eovaldi head elsewhere. The supply is limiting if the Sox are going to follow through on chief baseball officer Craig Breslow’s stated goal of “raising the ceiling” in the rotation.

Burnes would obviously accomplish that. While the righty hasn’t missed as many bats over the past couple seasons as he did during his best years in Milwaukee, he’s still an ace. Burnes fired 194 1/3 innings of 2.92 ERA ball for the Orioles in his platform year. He added eight innings with one run allowed in his lone postseason start. If the Red Sox were to land Burnes, they’d have one of the stronger rotations in MLB. He’d top a staff also including Tanner Houck, Brayan Bello, Kutter Crawford and a hopefully healthy Lucas Giolito.

At the start of the offseason, MLBTR predicted Burnes would receive a seven-year, $200MM commitment. That’ll almost certainly be light. Burnes was above Fried on virtually every contract prediction (MLBTR’s included). This has been a very strong market for starting pitchers. There’s a chance Burnes could land eight or even nine years on a deal that checks in between $250MM and $300MM at this point.

The Giants and Blue Jays are also known to be involved on Burnes. Baltimore has expressed a desire to keep him around, but that seems to be a longer shot. As a player who rejected a qualifying offer, he’d cost the Sox their second-highest draft pick and $500K of pool space from their 2026 international signing class.

Burnes isn’t the only qualified free agent (nor the lone high-profile Boras Corporation client) whom the Sox are pursuing. Boston is reportedly in the mix for Alex Bregman. In a separate column, McAdam writes that the third baseman is something of a divisive player in the Fenway Park offices. According to McAdam, manager Alex Cora and team president Sam Kennedy are more keen on a Bregman pursuit than Breslow happens to be. Cora is personally familiar with Bregman from his time as bench coach in Houston.

Whether Breslow is lower on Bregman as a player or simply prefers to focus his attention on starting pitching, that’s a potential complicating factor for free agency’s top remaining position player. The Sox presumably aren’t going to come away with both Burnes and Bregman. They could keep Rafael Devers at third base or pursue a Nolan Arenado trade if Bregman heads elsewhere. If they’re looking for a top-of-the-rotation arm and come up empty on Burnes, they’d likely go to the trade market. Reports have cast them more on the periphery of the Garrett Crochet bidding. The Sox floated the possibility of swapping Triston Casas for one of Seattle’s starters, but the Mariners rebuffed that interest while expressing a desire to hold their young pitching.

Mets Notes: Bregman, Alonso, Loaisiga, Blackburn, Mauricio

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As if signing Juan Soto to a record contract wasn’t enough, the Mets could be exploring another big-ticket addition for the corner infield.  Ari Alexander of KPRC (X link) reports that the Mets are among the teams who have interest in Alex Bregman, while president of baseball operations David Stearns told MLB.com’s Anthony DiComo and other reporters that the Mets would “love to bring [Pete] Alonso back.”

While referring to Alonso’s market but perhaps speaking broadly about the Mets’ payroll situation as a whole, Stearns said “I think our ownership has consistently demonstrated that there’s going to be resources when we need them.  There is the ability for us to make baseball moves when we think that they’re there to improve the team, and we’re going to continue to pursue a wide variety of areas to continue to improve our team.”

This means that neither Alonso, Bregman, or perhaps a top-tier pitcher can be ruled out during what has already been an aggressive offseason in Queens.  The Mets had so much coming off the books this winter that even with Soto’s mega-deal now factored in, New York’s luxury tax number is still a relatively modest $251.8MM (as per RosterResource’s estimate).  While this is over the $241MM tax threshold, simply exceeding the tax line is nothing to Mets owner Steve Cohen, whose team had an estimated $358.1MM tax number in 2024.

Mark Vientos’ breakout season makes him a lock for one corner infield slot, giving New York some flexibility in deciding what to do with the other side of the diamond.  Vientos could just remain at the hot corner and the Mets could run it back entirely by re-signing a popular homegrown slugger Alonso.  Or, the Mets could shake things up by moving Vientos to first base, clearing room for Bregman as the new starting third baseman.

Both Bregman and Alonso rejected qualifying offers, though in re-signing Alonso, the Mets wouldn’t have to give up any compensation since he is their own free agent.  Signing Soto cost the Mets $1MM in international draft pool money and their second- and fifth-highest picks in the 2025 draft, so signing another QO-rejecting free agent would cost another $1MM of bonus pool funds plus two more picks — this time New York’s third- and sixth-highest selections.  It isn’t entirely out of the question that the Mets could burn such a big chunk of a draft year in search of premium win-now talent, though the club’s preference is likely to avoid another free agent tied to compensation.

Moving onto pitching targets, ESPN’s Jorge Castillo writes that the Mets are one of the teams linked to Jonathan Loaisiga’s market.  Loaisiga was known to have received interest from 14 teams, including both New York clubs.  Mets manager Carlos Mendoza is very familiar with Loaisiga from their shared time together in the Bronx when Mendoza was the Yankees’ bench coach.

Loaisiga pitched just four innings in the 2024 season before his year was cut short by a UCL-related surgery (not a Tommy John procedure).  Multiple injuries have limited Loaisiga to 219 2/3 innings since his MLB debut in 2018, but the right-hander has been an intriguing bullpen weapon when he’s been healthy, delivering a 3.28 ERA over 181 1/3 frames as a reliever.  The buy-low potential is strong, so it isn’t surprising that Loaisiga is drawing such widespread attention from teams in need of bullpen help.

Stearns also provided a couple of injury updates during his media session (hat tip to DiComo and Newsday’s Tim Healey).  The Mets believe Paul Blackburn will be ready for Opening Day in the aftermath of an October surgery to fix a spinal fluid leak.  As dangerous as that procedure sounds, it carried a relatively brief recovery timeline of 4-5 months, and the Mets are encouraged enough by Blackburn’s rehab to now project him on the shorter end of that timeframe.

Blackburn could be another part of New York’s bullpen picture, but Stearns said the right-hander is still being viewed as a starting pitching option.  Blackburn would currently line up as the fifth starter behind Kodai Senga, Frankie Montas, David Peterson, and Clay Holmes, though both his health status throughout Spring Training and the Mets’ further offseason moves could impact that rotation job.  Acquired from the A’s at last year’s trade deadline, Blackburn was limited to five starts and 24 1/3 innings (posting a 5.18 ERA) due to both his back problem and a hand bruise.

It was almost exactly a year ago that top prospect Ronny Mauricio suffered a torn ACL during winter ball action, and Stearns said that Mauricio is now getting back to baseball-related activities.  A former regular of the top-100 prospect rankings, Mauricio made his MLB debut in the form of 26 games and 108 PA for the Mets in 2023, but his injury dealt a big setback to his chances of being a bigger part of the infield mix last season.

Latest On Alex Bregman

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While the majority of attention figures to be focused on the outfield market in the aftermath of Juan Soto’s decision to sign with the Mets on a record-shattering deal last night, one other beneficiary of the failed suitors’ expected aggressiveness on the rest of the free agent market could be third baseman Alex Bregman. Rob Bradford of WEEI reported last night that the Red Sox may “immediately be prioritizing” a pursuit of Bregman in the aftermath of Soto’s signing as they look to use those funds to sign other top free agents, while USA Today’s Bob Nightengale reports this morning that the Yankees are “expected” to make a run at free agency’s top infielder as well.

The Red Sox were previously reported as a potential suitor for Bregman earlier this winter, but their level of interest has not been clear to this point. Now, it appears they may have more significant interest in adding the 30-year-old veteran to their roster after failing to land Soto. Bregman certainly makes plenty of sense for the Red Sox, as he’d help to balance a heavily left-handed lineup as a right-handed hitter with a career .277/.367/.494 slash line against southpaws. What’s more, the club’s crowded outfield mix makes the infield perhaps the most obvious place for Boston to add to the lineup, though they’ve seemingly prioritized adding pitching help (aside from their pursuit of Soto) to this point in the offseason.

Perhaps the biggest obstacle to Bregman landing in Boston is a somewhat questionable positional fit. Bregman has spent virtually his entire big league career at the hot corner, which is currently occupied by Rafael Devers at Fenway Park. That said, it’s easy to see how the Red Sox could fit Bregman into their plans if they’re sufficiently motivated to do so. Bregman has expressed a willingness to slide over to second base if his new team so desires, and the Red Sox have also reportedly considered shifting Devers off third base into either a first base or DH role. There’s potential flaws in either of those plans given the presence of top prospect Kristian Campbell as a potentially big league ready long-term solution at the keystone and Devers’ reported desire to remain at third base for the foreseeable future, but those are issues that could surely be worked around if Boston were sufficiently motivated.

The Yankees, meanwhile, have been a speculative fit for Bregman’s services but have not previously been reported to have interest in the veteran. The club is sure to be aggressive in upgrading its roster now that Soto has landed elsewhere, and an infield that sports little certainty outside of Jazz Chisholm Jr. and Anthony Volpe is an obvious place to start. The club had reported interested in shortstop Willy Adames as a candidate to play either second or third base before he signed with the Giants over the weekend, and Bregman is certainly a logical fit to fill that same role.

Chisholm played third base for the Yankees down the stretch and into the postseason after being acquired from the Marlins last summer but has far more experience at the keystone, so adding a proven third baseman like Bregman could upgrade the club on both sides of the ball by allowing Chisholm to move back to his natural position while adding a reliable hitter who’s never posted a wRC+ lower than 114 in a season to their lineup. One theoretical roadblock to the Yankees signing Bregman could be discontent due to the third baseman being part of the 2017 Astros squad that was implicated in the infamous sign-stealing scandal, though the same could be said for shortstop Carlos Correa and GM Brian Cashman’s front office didn’t let that stop them from pursuing him when he was a free agent three years ago.

Of course, the longtime archrivals of the AL East are hardly the only suitors for Bregman’s services. The Phillies, Blue Jays, and Tigers all reportedly have at least some level of interest in the veteran infield this winter, and the incumbent Astros are perhaps his most obvious suitor of all. Houston has already made an offer to Bregman’s camp this winter, which was reportedly in the range of six years and $156MM. He’s reportedly looking for a deal in the $200MM range, however, and that gap could create room for one of his other suitors to swoop in and pull him away from the Astros. That’s led the club to explore contingency plans in case Bregman signs elsewhere such as infielder Jorge Polanco and first baseman Christian Walker, GM Dana Brown made clear in an appearance on MLBNetwork Radio yesterday that retaining their star third baseman remains the club’s top priority.

“We’re working on it… we’re having a lot of conversations with Scott [Boras], and, you know, we’re optimistic,” Brown said of their pursuit of Bregman. He went on to make clear that, even if they don’t re-sign Bregman in free agency this winter, he expects the club to seek outside help at third base. Brown noted that he believes the club’s internal infield solutions to be anywhere from six months to a year away from being ready for big league action, indicating that at least a stopgap solution at the hot corner such as Polanco will be necessary for Houston should they fail to bring Bregman back into the fold.

Astros Interested In Christian Walker

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It’s been well established that re-signing Alex Bregman is the top priority for the Astros but he remains a free agent. The club has to consider backup plans for the event Bregman gets away and it’s been reported that one of their contingencies is Jorge Polanco. Today, Brian McTaggart of MLB.com reports that they could instead shift their focus to first base and have discussed Christian Walker.

The Astros and Bregman have been dancing around each other for quite some time without finding common ground. Dana Brown was hired as general manager in January of 2023 and almost immediately talked about signing core players to extensions. They did get new deals done with Jose Altuve and Cristian Javier but not with Bregman or Kyle Tucker. Brown and owner Jim Crane have continued to talk about their desire to re-sign Bregman in the almost two years since then but without getting pen to paper.

The problem seems to be the organization’s long-standing aversion to big deals. Altuve’s $151MM extension in 2018 is still the largest guarantee they’ve ever given out on any contract and the six years on the Yordan Alvarez extension is their longest pact. They’ve let players like Gerrit Cole, George Springer and Carlos Correa go get their big paydays elsewhere as opposed to re-signing them.

On top of that, there’s the short-term payroll question. They payed the competitive balance tax in 2024, technically for the first time. They did go over the line in 2020 but the penalties were put on pause for the COVID-shortened season. RosterResource projects their CBT number at $234MM for next year, just barely below the $241MM base threshold.

Back in October, Brown spoke of the finances being a little tight and said “We may have to get a little bit creative” about spending. Crane struck a slightly more optimistic tone about the money in November, saying that the club has “the wherewithal to do it if we need to do it” but also cautioned that they didn’t want to go crazy.

McTaggart says the Astros have offered Bregman a six-year deal worth $156MM, which aligns with previous reports. That would eclipse their previous record but just barely and it’s possible Bregman can top that elsewhere. MLBTR predicted he could land a guarantee of $182MM and he is reportedly looking for something in the range of $200MM. Bregman has reported interest from clubs like the Blue Jays, Phillies and Red Sox, with MLBTR’s Anthony Franco recently taking a detailed look at his market in a post for MLBTR subscribers.

With a non-zero chance of Bregman ending up leaving Houston, the club naturally needs to at least ponder alternate realities, with Walker one such thing they seem to have considered. It’s a logical consideration given that first base is a weak spot for the club. José Abreu crashed and burned as an Astro, getting released midway through the 2024 season. Jon Singleton picked up most of his playing time and was adequate but not outstanding. He slashed .234/.321/.386 last year for a wRC+ of 105 but with subpar defense, leading to an essentially replacement level season.

Walker is coming off a remarkably consistent three-year run with the Diamondbacks. He got into 160 games in 2022 and hit 36 home runs, then followed it up with 33 home runs in 157 games the following year. In 2024, he was on roughly the same pace but spent a small amount of time on the injured list, limited to 26 homers in 130 games. He finished each season with a wRC+ in the 119-122 range, producing a combined .250/.332/.481 batting line in those three seasons.

He’s also considered a strong defender at first base, with career tallies of 43 Defensive Runs Saved and 57 Outs Above Average. FanGraphs gave him 3.9 wins above replacement in 2022 and 2023. He would have been back in that range in 2024 if not for the aforementioned injury absence, ending up at 3.0 fWAR.

But since Walker turns 34 in March, his contract will be limited. MLBTR predicted him for a three-year deal with a $60MM guarantee, though it’s also possible he will be limited to a two-year pact, depending on how his market develops.

That price point would perhaps be more attractive to the Astros than the kind of deal Bregman will eventually sign, though there would also be drawbacks. Walker rejected a qualifying offer from the Diamondbacks, meaning he is tied to the associated penalties. Since the Astros just paid the CBT in 2024, they would have to surrender their second- and fifth-best picks in the upcoming draft as well as $1MM of international bonus pool space. Also, after just getting burned by signing Abreu, they may not want to sign another mid-3os first baseman to a notable deal, especially when they’re still paying Abreu for another year.

The Best Fits For Alex Bregman

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MLBTR has looked at the potential markets for Juan Soto and Corbin Burnes in respective posts for Front Office subscribers. We'll continue that series with a look at the winter's #3 free agent.

Alex Bregman could land the largest contract for a non-Soto position player. MLBTR predicted the two-time World Series champ would get a seven-year pact valued at $182MM. Getting to seven years would distinguish Bregman from Matt Chapman, who would've been the offseason's other top option at third base had he not re-signed with the Giants for six years and $151MM. Bregman is a year younger and has a more consistent offensive track record, though he's not quite at Chapman's level defensively.

There have been a few small hints about how Bregman's market could shake out. Ken Rosenthal of the Athletic suggested last month that the third baseman's camp might look for a deal that resembles Manny Machado's 11-year, $350MM extension from Spring Training 2023 rather than general market projections of a contract in the $175-200MM range.

Bregman getting to $300MM+ would be a huge surprise, though. Machado was already guaranteed $180MM at the time of his extension, so that contract amounted to five years and $170MM in new money. The Machado deal also came at a time when the Padres were signing off on a number of huge contracts during Peter Seidler's ownership tenure.

USA Today's Bob Nightengale reported a few weeks ago that the Astros were hoping to retain Bregman on something like a six-year, $156MM pact. That hasn't gotten a deal done, so his camp seems to be aiming higher. At the time, Nightengale wrote that Bregman and his representation at the Boras Corporation were at least looking to crack the $200MM mark.

Let's take a look at what teams could be involved.

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Astros Have Shown Interest In Jorge Polanco As Fallback At Third Base

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The Astros are focused on re-signing Alex Bregman but aren’t putting all of their eggs in that basket. They’ve been linked to Willy Adames — another likely nine-figure free agent — and have also checked in with a few contingency plans, including free agent Jorge Polanco, per Ken Rosenthal of The Athletic.

Polanco, who’s coming off a down year in Seattle and underwent knee surgery in October, has typically been a middle infielder, first coming to the majors as a shortstop in Minnesota before moving over to second base due to defensive concerns. The 31-year-old does have a bit of experience at the hot corner, having logged a combined 180 innings there in two different seasons with the Twins (plus another 128 frames there as a minor leaguer). He played 103 innings at third base as recently as 2023 in Minnesota.

The 2024 season was a disaster for Polanco, who’s battled knee troubles for several seasons and saw those ongoing troubles culminate in offseason surgery. His lone year in Seattle produced a .213/.296/.355 slash in 118 games — a far cry from the combined .270/.338/.455 output Polanco posted in six years with the Twins from 2018-23. Polanco still cracked 16 home runs for the Mariners in 2024, but his strikeout rate spiked to a career-worst 29.2% and he posted some of the worst defensive grades of his career (-10 Outs Above Average).

Polanco underwent surgery to repair the patellar tendon in his left knee in early October. He’d previously had IL stints for that same knee in both 2023 and 2022, missing about seven weeks of action combined between the two instances. Given the recent knee struggles and ugly results in 2024, Polanco is likely ticketed for a one-year deal. At the very least, he’d be an affordable alternative to Bregman/Adames who could allow the ’Stros to perhaps spend elsewhere.

At this stage of his career, however, asking Polanco to hold down third base regularly feels like a stretch. He’ll turn 32 next July, is coming off that knee surgery and already ranks poorly in terms of arm strength on his throws in the infield, per Statcast. While throws from second base and third base can’t simply be compared in apples-to-apples fashion — throws from third base are inherently going to come in at a higher velocity — Polanco is well below average even when compared strictly to other second basemen; his average velocity ranked 48th among the 63 players who made at least 100 throws as a second baseman in 2024. Perhaps a healthier lower half will lead to better life on his throws moving forward, but the recent trends don’t bode well for a move to third base.

That said, it’s a pretty thin market at the hot corner this offseason — at least in free agency. Bregman is the clear top option, though some teams might prefer Adames, who’s reportedly willing to move off shortstop in the right setting. Virtually everyone beyond Bregman and Adames falls into the rebound candidate bucket, with Polanco joining names like Josh Rojas, Gio Urshela, Yoan Moncada, Brandon Drury and Luis Urias (among others). The trade market includes Alec Bohm and the pricier Nolan Arenado, to name a couple of the most prominent candidates.

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