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Blue Jays Remain In Talks With Anthony Santander

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The Blue Jays have been tied to Anthony Santander as much as any team in recent weeks. While there’s still no agreement in place, Shi Davidi and Ben Nicholson-Smith of Sportsnet report that the Jays’ talks with the free agent slugger “picked up” this morning.

Toronto is reeling from another near-miss on a top free agent. Their talks with Roki Sasaki were never linked to the possibility of a Santander move. Sasaki’s hard-capped bonus meant that his decision would not have impacted the Jays’ big league payroll. Still, his decision to sign with the Dodgers leaves the Jays without a headlining free agent acquisition this winter. Their big splash on the open market was the three-year, $33MM deal for reliever Jeff Hoffman. Toronto’s most significant move has come via trade, as they took on the remaining five years of the Andrés Giménez contract from the Guardians.

Giménez is a defensive stalwart at second base, but he doesn’t provide a huge boost offensively. The Jays sorely need a power bat, in particular. They were in the bottom five of MLB in home runs last season. Their .389 team slugging percentage was 20th. Vladimir Guerrero Jr. hit 30 home runs; no one else on the team had more than 19 longballs. They’re only returning three hitters who slugged over .400: Guerrero, Ernie Clement and Daulton Varsho. Clement is generally a light-hitting utilityman, while Varsho is expected to open the season on the injured list after undergoing rotator cuff surgery in September.

The switch-hitting Santander has four 20-homer seasons under his belt. He has connected on at least 28 longballs in each of the last three years, including a personal-high 44 last season. Santander hit .235/.308/.506 across 665 plate appearances in his walk year for the Orioles. Only Aaron Judge and Shohei Ohtani had more home runs a season ago.

Toronto has also been linked to Pete Alonso in recent days. Alonso is the only other unsigned free agent who rivals or tops Santander’s power. The latter is a cleaner positional fit. While Alonso would either need to serve as a designated hitter or force the Jays to move Guerrero to third base fairly frequently, Santander would slot into the corner outfield. The Jays don’t have a clear starter in left field. George Springer is expected to play right field, but he’s 35 years old and coming off a mediocre season (.220/.303/.371).

The Jays reportedly had an offer out to Santander a couple weeks ago. Clearly, that didn’t meet his asking price at the time. The Athletic reported last week that he may now be open to a shorter-term contract at higher annual values. Earlier in the offseason, Santander was reportedly seeking five years and a deal at or above $100MM.

Anthony Santander, Jack Flaherty Reportedly Open To Short-Term Offers

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As the offseason’s free agent market has developed and with Spring Training looming just over the horizon next month, a report from Ken Rosenthal and Will Sammon of The Athletic this evening suggests that some of the major free agents still available are weighing the possibility of turning towards short-term deals with high average annual values, as the so-called “Boras Four” of Blake Snell, Cody Bellinger, Matt Chapman, and Jordan Montgomery did last winter after not finding the long-term pacts they were hoping for in free agency.

Per Rosenthal and Sammon, outfielder Anthony Santander and right-hander Jack Flaherty are both now open to considering that sort of deal. Sammon also confirmed previous reports that indicated the camp of first baseman Pete Alonso had made an three-year offer to the Mets that includes multiple opt-outs, though it remains unclear if he’s open to similar short-term offers from other clubs at this point.

It’s a notable update to the market of all three players. Both Santander and Flaherty were reportedly looking for five-year deals that could have reached into the range of nine figures. Santander in particular reportedly has a contract offer on the table from the Blue Jays as of last week, though given the fact that he’s now open to exploring short-term deals it seems as though that offer may not have been one the switch-hitter was interested in accepting. It’s easy to imagine the possibility of getting a high-end free agent on a short-term deal opens up the market for these players, or perhaps convincing teams already connected to the players to become more serious about their pursuits.

As one example, Flaherty has previously been connected to the Cubs but there’s been some suggestion that Chicago (who signed Bellinger to a short-term, opt-out heavy deal just last winter) has reservations regarding the right-hander’s asking price. The Tigers, meanwhile, have been connected to both Flaherty and Santander but have remained opportunistic in free agency, locking down one-year deals with Gleyber Torres and Alex Cobb to improve their roster without making long-term commitments. Either of these clubs could theoretically be enticed to step up their efforts if their target is now open to considering a short-term deal.

While shorter-term deals can be attractive to teams as a way to mitigate risk associated with a particular free agent, they can still come with complications. While the deals Snell and Chapman signed in San Francisco last winter were clear successes for both sides, with Snell dominating down the stretch in a Giants uniform before signing a lucrative deal in L.A. back in November while Chapman had a resurgent season and extended with the club long-term, not all deals of this variety work out quite so well. Montgomery’s deal with Arizona quickly turned out to be a disaster as the left-hander endured the worst season of his career, got demoted to the bullpen, and has been shopped as a potential salary dump by the Diamondbacks this winter. Bellinger, meanwhile, posted a solid but unspectacular season in Chicago that led the Cubs to dump his salary in a trade with the Yankees last month in order to create an opening in the lineup for the addition of a more impactful bat than Kyle Tucker.

Even with those potential downsides, it’s easy to see why clubs could prefer a short-term deal rather than one that puts them on the hook for a player’s decline phase. After all, the Cubs were still able to shed the vast majority of the money owed to Bellinger in trade even after a pedestrian 2024 season, and the Diamondbacks could end up doing the same even after Montgomery’s disastrous campaign. Swinging those deals would be far more difficult if either player were on lengthy deals with larger overall guarantees, even if the AAV of those deals would likely be lower.

For the players, this sort of approach comes with both pros and cons. There is of course risk involved that injury or poor performance leads to them hitting the market with less value than they had in their initial trip through free agency. In the case of Flaherty, who is currently unencumbered by a Qualifying Offer, taking a short-term deal comes with a bit of extra risk given that even a wildly successful season could end up not leading to the sort of lucrative long-term deal he’s hoping for given the fact that he could be tagged with a QO in a future offseason. For a player already tagged with a QO like Santander, however, signing a short-term deal and hitting free agency after another strong season could provide an even larger boost to his value by allowing him to re-enter free agency unencumbered in the future.

While a willingness to consider short-term, high-AAV offers should open the market up for these players to an extent, that shouldn’t be taken to mean that a massive shakeup is guaranteed. Those high annual salaries figure to be an obstacle for clubs in or on the cusp of luxury tax territory as well as those dealing with budget crunches. As one example, Rosenthal and Sammon suggest that Alonso could look to seek a deal that offers an average annual value of $31.1MM in order to land the AAV record for first basemen. While that appears to be speculative on the part of the pair and they go on to suggest deferred money that would lower the net present value to be involved, even an AAV in the $25MM to $30MM range is the sort of figure that the majority of small-market clubs and even big spenders deep into luxury tax territory could be even less willing to stomach than a somewhat longer-term deal with a lower annual salary.

Latest On Blue Jays’ Offseason Pursuits

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The Blue Jays have been surprisingly quiet in free agency thus far. Toronto has been tied to essentially every player of note, but their only signing was a two-year deal for middle reliever Yimi García. The Jays have pulled off one major trade acquisition, taking on the final five years and nearly $100MM on the Andrés Giménez contract from the Guardians.

Based on the lack of free agent activity, the Jays seem to be one of the likeliest teams to land one of the few remaining stars on the open market. However, a report from Shi Davidi of Sportsnet casts some doubt on that possibility. Davidi writes that the Jays “are believed to be on the periphery” of the markets for Alex Bregman and Pete Alonso. Toronto has reportedly made an offer to Anthony Santander, yet Davidi indicates that the Jays do not look like the current favorite to land the former Orioles slugger.

Bregman, Alonso and Santander are the remaining unsigned star-caliber hitters. Jurickson Profar and Ha-Seong Kim are viable regulars but clearly below the preceding trio in terms of offensive impact and earning potential. Giménez stabilizes second base but isn’t a huge threat at the plate. If the Jays come up empty on each of Bregman, Santander and Alonso, they’d be left with trade possibilities to spark a middling offense. Davidi writes that Toronto is actively exploring the trade market but does not identify any specific targets for the team.

[Related: Do The Blue Jays Need More Help On Offense Or In The Rotation?]

The Jays were linked to Juan Soto, Corbin Burnes and Max Fried before they inked significant deals earlier in the winter. They lost the bidding to the Mets on Soto. Burnes signed with the Diamondbacks, at least partially because of geographic ties to Arizona. Davidi writes that the Jays were simply not comfortable with the eventual eight-year, $218MM deal that Fried secured from the Yankees. He indicates that Toronto never made an offer once they realized that the bidding was well beyond where they were willing to go.

Toronto narrowly dipped below the luxury tax threshold late last season. They have around $228MM in luxury tax commitments for this year, according to RosterResource. That puts them $13MM shy of the $241MM base threshold. Any kind of free agent splash would push them into tax territory. Davidi indicates that while the Jays aren’t opposed to going into CBT range, they could decide to keep their tax number below $241MM if they don’t land any marquee targets.

An uncertain direction for the organization has hung over the offseason. Toronto has resisted a rebuild, but they’ve only made a few additions to a team that went 74-88. Vladimir Guerrero Jr. and Bo Bichette are one season from free agency. There has never been much of an indication that they’ll extend Bichette. They’ve made an effort to keep Guerrero but seem far apart with the star first baseman.

Guerrero said last month that the team had offered him around $340MM. The four-time All-Star said that wasn’t close to his asking price and indicated that he’d end extension talks if there’s no deal in place by the beginning of Spring Training. Bob Nightengale of USA Today reported this week that Guerrero was looking for a deal of at least $450MM. Needless to say, that’s a big gap to bridge. That’d be particularly true if Guerrero holds firm to the Spring Training cutoff, though it’s not uncommon for players to continue negotiations past self-imposed deadlines if they feel progress is being made.

Davidi writes that the $340MM offer which the Jays made is believed to have predated Soto’s eye-popping $765MM contract. That may simply be an outlier, but it’s natural that Guerrero — arguably the top free agent in next year’s class — would aim high after Soto shattered all contractual precedents. Guerrero is set for what’ll be the highest salary for any arbitration-eligible player this winter. MLBTR contributor Matt Swartz projects him at $29.6MM. Teams and players will exchange filing figures tomorrow afternoon. That could spur the Jays and Guerrero to work on a one-year settlement to avoid going to a hearing. That would not prevent them from continuing discussions on a long-term deal at a later date.

Blue Jays Make Contract Offer To Anthony Santander

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The Blue Jays’ interest in Anthony Santander is well-known, with Evan Petzold of the Detroit Free Press even listing the Jays and Angels “as the frontrunners” to sign the All-Star outfielder in a report last week.  Toronto has formalized its pursuit of Santander by making an official contract offer, according to KPRC’s Ari Alexander, though the size and length of the offer isn’t known.

MLB Trade Rumors ranked Santander ninth on our list of the offseason’s top 50 free agents, and projected the longtime Orioles outfielder for a four-year, $80MM deal.  Santander and his reps at the Beverly Hills Sports Council have been looking to top that number, as Jon Heyman of the New York Post reported last month that Santander is looking for a five-year contract worth at least $100MM.

Given how many other notable free agents have landed bigger deals than expected this winter, it isn’t surprising that Santander is aiming high, and he might have some leverage since so many other big bats have already signed elsewhere.  Beyond the Blue Jays and Angels, the Tigers, Red Sox, and Yankees have also been publicly linked to Santander, and it is possible another club or two might be lurking to see how his market develops.

One team that doesn’t appear to be in the running for Santander is Houston, as Alexander notes that the Astros are “very unlikely” to dole out the type of contract that would basically ensure that the team stays over the luxury tax threshold.  RosterResource’s current estimate of a $244MM tax number for the Astros already puts them over the $241MM threshold, and there has been speculation that Houston might look to move a contract in order to duck under the line and reset its tax status.  Because the Astros were tax payors in 2024, they also have to give up two 2025 draft picks and $1MM in international bonus pool money for signing any free agent that rejects a qualifying offer, and Houston already paid those extra penalties to sign Christian Walker.

Adding a powerful switch-hitter like Santander would cover multiple needs for the Jays, whose largely right-handed hitting lineup finished 26th in the majors last year in home runs.  Putting Santander behind Vladimir Guerrero Jr. (who contributed 30 of the Jays’ 156 homers in 2024) in the lineup would give Guerrero some valuable protection, and there’s a ready-made defensive position for Santander in left field.  Since the Blue Jays don’t have a set designated hitter, Santander could get a good chunk of at-bats from the DH spot, which also works since Santander’s outfield defense is average at best.

It has been a pretty quiet offseason for the Blue Jays, though not for lack of effort, as the team has been linked to almost every major free agent on the market.  Toronto made aggressive bids for both the top hitter (Juan Soto) and pitcher (Corbin Burnes) available, and reports indicated that the Jays may have outbid the Diamondbacks’ $210MM contract with Burnes, but the right-hander took less money in order to pitch closer to his home in Arizona.  For all of the Jays’ free agent dealings, their only noteworthy deal has been a two-year pact with old friend Yimi Garcia.  Toronto’s other big offseason move to date was a trade with the Guardians that brought second baseman Andres Gimenez and reliever Nick Sandlin into the fold, but Gimenez’s subpar hitting numbers over the last two seasons offers no promise that he’ll help the Blue Jays’ lackluster offense.

Signing Santander would at least quiet the narrative that the Jays are unable to land top free agents, even if the heat on GM Ross Atkins and team president Mark Shapiro won’t really let up unless the Blue Jays turn things around on the field in 2025.  Arguably no team in baseball faces as much short-term pressure as the Jays, since Guerrero and Bo Bichette are both free agents next winter and there isn’t any indication that the club is making any headway in extension talks.  Bringing in Santander on a long-term deal could be viewed as a move to lock a big bat into the lineup even if Guerrero does leave, similar to how the Gimenez trade could be interpreted as a move to shore up the shortstop position if Bichette departs.

Angels Reportedly “Weighing” Pursuit Of Pete Alonso

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The Angels are reportedly “weighing” a pursuit of free agent first baseman Pete Alonso as they search for another bat to add to their lineup, according to a report from Jon Heyman of the New York Post.

Alonso, 30, is the top free agent available at first base this winter but hasn’t found the market he was surely hoping for to this point in the winter. While plenty of clubs entered the winter with needs at first base, a number of feasible landing spots for Alonso have subsequently addressed the position in other ways: the Yankees added Paul Goldschmidt, the Astros signed Christian Walker, the Nationals traded for Nathaniel Lowe, and the Tigers shifted Colt Keith to first base after signing Gleyber Torres. Meanwhile, many of the teams that could potentially be in the market for first base/DH such as the Mariners, Padres, and Twins are facing payroll constraints that make a pursuit of Alonso quite unlikely.

That’s led to a feeling in recent weeks that a return to Queens may be inevitable for the slugger. The Mets have not yet filled their hole at first base, and while they’ve replaced Alonso’s bat in the lineup with Juan Soto it’s hard to deny that the club could benefit from adding another slugger to the mix, particularly a right-handed hitter like Alonso who can help balance out Soto and Brandon Nimmo’s left-handed bats alongside switch-hitter Francisco Lindor. In recent weeks, however, it appears that Alonso’s market has begun to expand a bit. The Giants were connected to the slugger last week, and now the Angels have seemingly entered the fray as well. While both clubs would face a bit of a tight roster fit given the presence of incumbent first basemen on the roster, either club would surely benefit from adding Alonso’s bat to the middle of their lineup.

In Anaheim’s case, youngster Nolan Schanuel appears to hold the keys to first base for the time being. The club’s first-round pick in 2023, Schanuel rocketed through the minors to reach the majors shortly after being drafted and since then has slashed a respectable .255/.354/.357 in 176 games at the big league level. While the 22-year-old hasn’t developed the necessary power to be more than an average bat in the majors to this point, his phenomenal plate discipline suggests a bright future is ahead for the youngster. That makes it hard to believe that the Angels would kick Schanuel from the lineup to sign Alonso, but Heyman reports that both could coexist in the Anaheim lineup even with Jorge Soler entrenched as the club’s regular DH by moving Schanuel to left field.

It’s a novel solution to the problem given that Schanuel has not played the outfield before as a professional, but it’s not completely impossible to imagine him being able to handle the position defensively. After all, Schanuel got occasional reps in the outfield as an amateur and those days aren’t nearly as far behind him as they are for more established big leaguers or even fellow youngsters who spent more time in the minor leagues. That defensive risk could be worth taking if it means adding a hitter of Alonso’s caliber to the lineup, replacing the likely platoon of Jo Adell and Mickey Moniak the club currently seems poised to utilize in the outfield alongside Taylor Ward.

With that being said, it’s hard to imagine the Angels preferring an arrangement with Alonso that pushed Schanuel into the outfield to simply signing a big bat for their outfield mix and keeping their young hitter at his natural position. The Halos have also been connected to Anthony Santander on the free agent market recently, and Heyman concedes that the Angels landing Santander is “more likely” than the club ultimately ending up with Alonso due in part to the cleaner positional fit. With that being said, Santander’s market isn’t limited to the Angels. If he winds up signing somewhere else such as Detroit or Toronto, it suddenly becomes easier to imagine Angels brass being more willing to move things around to accommodate the addition of Alonso at first base given that the only other impact free agent available in the outfield would be Jurickson Profar, who lacks the lengthy track record of success that Alonso offers.

Angels, Tigers Interested In Anthony Santander

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Anthony Santander has been linked to multiple teams this winter, and Evan Petzold of the Detroit Free Press adds two new names to that list in the Angels and Tigers.  Interestingly, Petzold describes the Angels and Blue Jays “as the frontrunners” to sign Santander, while the Tigers view the switch-hitting outfielder as something of a backup plan if they can’t sign Alex Bregman.

With Juan Soto and now Teoscar Hernandez off the market, Santander stands out as the top free agent option remaining for teams in need of outfield help.  He was reportedly looking for a five-year contract even before Hernandez re-signed with the Dodgers, and with the Yankees and Red Sox joining the Blue Jays, Angels, and Tigers as known suitors, there might enough interest for Santander to land that longer commitment even though he’s entering his age-30 season.

Santander has hit .245/.312/.476 with 134 home runs in 2571 plate appearances since Opening Day 2020, translating to a 119 wRC+.  Santander saved his most overall productive season (3.3 fWAR) for his walk year, as he hit a career-best 44 homers along with a .235/.308/.506 slash line in 665 PA for the Orioles.  He had relatively even splits from both sides of the plate, and posted above-average numbers in terms of barrel, hard-hit ball, strikeout, and walk rates.  This production earned Santander his first All-Star and Silver Slugger nods, and he even received a bit of down-ballot support in AL MVP voting.

There also some clear minuses, as Santander isn’t much of a defender or baserunner, and his offense is largely tied to his power production.  That doesn’t necessarily bode well for hitting in such homer-suppressing ballparks as Angel Stadium or Comerica Park, which creates a Catch-22 for the Angels and Tigers as they seek out some much-needed pop for their lineups.

The Angels’ emergence as a possible favorite for Santander isn’t necessarily a surprise, given how the Halos have been aggressively scouring the market for hitting help.  Los Angeles has already brought Jorge Soler to town in a trade with the Braves, and added the likes of Travis d’Arnaud, Scott Kingery, and Kevin Newman to the bench mix.  On the pitching end, Yusei Kikuchi and Kyle Hendricks were signed to free agent deals.

Santander would require a bigger commitment than any of this group.  MLB Trade Rumors ranked Santander ninth on our list of the offseason’s top 50 free agents, and projected him for a four-year, $80MM pact.  RosterResource estimates the Angels’ 2025 payroll to sit at just under the $190MM mark, so a $20MM average annual value for Santander would still bring the Halos under their $214.7MM payroll for the 2023 season.  This would fit with owner Arte Moreno’s claim from October that the Angels would be increasing spending this winter, if not in excess of their 2023 expenditures.

If Santander was signed to presumably take on his usual right field role, he’d join Mike Trout and Taylor Ward as the starting outfielders, with Jo Adell and Mickey Moniak moving to backup duty.  There has been some reports that the Angels are exploring trading from this outfield group, which could perhaps subtract Adell or Moniak, or left field could be opened up if Ward was dealt.  Trout could conceivably be shifted to left field as a way to reduce the wear-and-tear on his body as the Halos attempt to keep their star healthy.  Since the Angels’ starting lineup is mostly full of right-handed hitters, Santander’s switch-hitting ability adds some balance.

Amusingly, Santander would also balance out a Tigers lineup that leans in the opposite direction.  Detroit’s abundance of left-handed hitting has made the addition of at least one big righty bat a clear priority this winter.  As Petzold observed, the signing of Gleyber Torres didn’t really address the lineup imbalance, as Torres will essentially replace another righty hitter in Spencer Torkelson (as Colt Keith will move to first base to accommodate Torres at second base).

In Detroit, Santander’s move into right field would shift Kerry Carpenter into DH duty against right-handed pitchers, with Torkelson or Matt Vierling then likely acting as the right-handed side of that DH platoon.  Vierling might also serve as the regular third baseman in this scenario where the Tigers signed Santander and not Bregman, depending on how third base prospect Jace Jung adjusts to big league pitching in his first full MLB season.

The Tigers’ payroll situation is pretty clear over the long term, and signing a big bat like Santander to a long-term deal would be the type of win-now move many expected from Detroit after the team reached the ALDS last season.  Conceivably, the team could sign both Bregman and Santander, yet it seems more likely that they’d just aim for one of the two players.  Bregman’s expected contract is more than double what Santander is projected to receive, yet the Tigers may be more willing to pay his steeper price tag.  While a gap remains between Detroit’s preferred offer and Bregman’s reported goal of a $200MM deal, Petzold writes that “the Tigers appear to be all-in on Bregman.”

Because the Tigers are a revenue-sharing recipient, they would pay a lesser penalty to sign a player like Santander who rejected the qualifying offer — Detroit would have to give up its third-highest pick in the 2025 draft.  Since the Angels aren’t a revenue-sharing team and they didn’t cross the luxury tax line last season, they’d have to give up their second-highest pick in the 2025 draft as well as $500K in international bonus pool money.

The Blue Jays would pay the same penalty as the Angels, and Toronto might well have even more incentive than either the Halos or Tigers to splurge for a proven bat like Santander.  The Jays have thus far come up short on all of their major free agent pursuits this offseason, and are sorely in need of offensive help for what might be Vladimir Guerrero Jr. and Bo Bichette’s last season in Toronto.

Anthony Santander Reportedly Seeking Five-Year Deal

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Free agent slugger Anthony Santander is one of the top power bats on the market this winter and has drawn interest from a wide array of suitors, including the Red Sox and Blue Jays. Jon Heyman of the New York Post writes that Santander is also of interest to the Yankees, now that Juan Soto is in Queens, and adds that the longtime Orioles slugger is seeking a five-year contract in free agency.

The switch-hitting Santander is coming off a career year in which he belted a personal-best 44 home runs. He’s heading into his age-30 season and doing so on the heels of a .235/.308/.506 batting line (129 wRC+). Santander doesn’t hit for much average and typically carries a pedestrian (at best) walk rate, but he’s been a consistent source of power for the O’s in recent seasons. Dating back to 2020, the former Rule 5 pick is a .245/.312/.476 hitter with 134 home runs, a 7.8% walk rate and a 20.6% strikeout rate. This past season’s 8.7% walk rate was the best of Santander’s career, while his 19.4% strikeout rate was his second-lowest in a full 162-game season.

Defensively, Santander hasn’t generated particularly strong reviews in recent seasons, but his work in 2024 drew harsher grades than usual. Defensive Runs Saved pegged him at -7, while Statcast’s Outs Above Average was at -2. Santander’s average sprint speed, per Statcast, sat in just the 18th percentile of big league players this past season (26.0 ft/sec). His raw arm strength was better than average, but Statcast still pegged his throwing value as well below average, likely suggesting some inaccurate and/or ill-advised throws.

Historically speaking, there’s some precedent for this skill set — defensively limited, corner-only slugger — still landing a five-year pact. Nick Castellanos comes to mind as the most recent example, having inked a five-year, $100MM deal with the Phillies just three winters ago. That same offseason saw Kyle Schwarber sign for four years and $79MM with the Phils. Prior to that, J.D. Martinez landed a five-year, $110MM deal with the Red Sox to serve as a full-time DH.

Each of Castellanos (140 wRC+), Schwarber (145) and especially Martinez (170) were coming off superior offensive seasons in free agency, however. Of the three, only Castellanos received and rejected a qualifying offer. Neither Schwarber nor Martinez were eligible for qualifying offers when they reached free agency, as both were traded during their respective walk years — Martinez from Detroit to Arizona, and Schwarber from Washington to Boston.

All of those reasons factored into MLBTR’s decision to “only” predict a four-year deal worth $20MM per season for Santander at the outset of free agency. Of course, in the six weeks since our Top 50 Free Agent Rankings were published, the market has proven to be the most aggressive in recent memory. While the position player market hasn’t yet to fully take shape beyond Juan Soto’s expectation-shattering $765MM contract, it’s been a bull market for starting pitching. Whether that will carry over to the offensive side of the market remains unclear, but Santander appears well positioned to cash in.

The Yankees, who were spurned by Soto, have already spent a stunning $218MM on Max Fried and just earlier today acquired Devin Williams from the Brewers. They still have a hole in right field, however, and while Santander wouldn’t make up for all of the lost production from Soto, “Tony Taters” would offer comparable home run power (with lower averages and dramatically lower on-base skills). Similarly, the Blue Jays have been trying to make a splash to upgrade their lineup but came up empty in their Soto bid. The Red Sox don’t need another corner bat at the moment, but if they deal from their stock of outfielders to acquire additional starting pitching, that calculus could change. Other teams seeking middle-of-the-order bats include the Nationals, Tigers and Dodgers, among others.

Santander’s market is in many ways linked to that of Teoscar Hernandez, a similarly powered-up bat with defensive questions and a rejected qualifying offer hanging over his head. Hernandez is two years older and thus seems likely to sign a shorter deal, but he could still land three or perhaps even four years if the market is strong enough.

Red Sox Interested In Anthony Santander

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The Blue Jays, Yankees and Red Sox have strong interest in free agent outfielder Anthony Santander, per Jon Morosi of MLB.com (X link). The Jays and Yankees have been connected to Santander in previous rumors.

The fit is logical as all three clubs just came up short in their pursuit of Juan Soto. This winter’s free agent outfield market featured Soto at the top, clearly on a tier by himself, well above the rest. The level below featured a cluster of guys including Santander, Teoscar Hernández, Jurickson Profar, Tyler O’Neill, Michael Conforto and others. O’Neill and Conforto are also off the board now, in addition to Soto, so it’s natural that these clubs would pivot to the guys still available.

Santander, 30, doesn’t have Soto’s youth or plate discipline but there’s no doubting the power. He has hit at least 28 home runs in each of the past three seasons, including 44 in the most recent campaign, leading to 105 overall for the 2022-24 seasons. His 8.5% walk rate in that time was right around league average, with his 20.5% strikeout rate slightly better than par. His .244/.317/.478 batting line for that stretch led to a 124 wRC+, indicating he was 24% better than league average.

Given that healthy production, it’s unsurprising that he is generating plenty of interest. What also works in his favor is that he is a switch-hitter without strong platoon splits. As a righty against lefties, he hit .239/.309/.513 in 2024 for a 132 wRC+. For the inverse split, he hit .225/.306/.488 for a 123 wRC+. For his career, he has a 111 wRC+ against lefties and 116 against righties.

That balanced attack means he should be able to fit into the plans of any club with an outfield need, or perhaps an opening at designated hitter. His outfield defense has been subpar in his career, with grades of -3 Defensive Runs Saved and -13 Outs Above Average. He has gotten brief looks at first base recently, with 72 innings at that spot in 2023 and one more in 2024.

Despite the defensive concerns, Santander’s power bat is one of the best available. Perhaps some club would be willing to live with the subpar defense, or maybe try to slot Santander in at first base or designated hitter down the road. At the start of the winter, MLBTR predicted Santander could earn a guarantee of $80MM over four years.

For the Sox, they would likely be looking at Santander as an outfielder. Their corner infield and designated hitter mix is already crowded, with Rafael Devers at third, Triston Casas at first and Masataka Yoshida a primary option for designated hitter. There have been some rumors that the Sox would like to sign a third baseman and move Devers over to the other side of the diamond, which would likely require Casas or Yoshida to be moved.

In the outfield, the Sox have some good options but they could fit Santander into the mix. Jarren Duran and Wilyer Abreu project to be in two spots, but both are left-handed hitters with notable platoon splits. The lineup is already fairly left-leaning as Devers, Casas and Yoshida all hit from that side as well. The right-handed Rob Refsnyder can help out a bit but having Santander as an everyday option would help stabilize the whole group.

Ceddanne Rafaela could be involved in the outfield group as well but he’s a glove-first option who can also play the infield. Roman Anthony is one of the top prospects in the sport but he has not yet turned 21 years old and only has 35 games of Triple-A experience thus far. He is also a left-handed hitter, so he’ll exacerbate the club’s slant in that direction even if he earns his way into the big league plans.

The Sox have been looking to be aggressive this winter with the rotation being a primary focus but adding Santander or another big bat to the lineup would obviously help as well. They are reportedly even willing to pay the luxury tax under the right circumstances. RosterResource currently projects the club’s tax number at $181MM, which is $60MM below next year’s base threshold of $241MM. That should give them enough wiggle room to sign Santander or another outfielder as well as a notable starting pitcher, if they so choose. The Sox have been connected to various rotation options, including Corbin Burnes and Max Fried.

The Jays and Yankees have been connected to just about every big-name free agent, though both clubs have been focused on Soto until now. The coming days should see them pivot and gauge the market on guys like Fried, Burnes, Santander, Hernández, Alex Bregman and others, as those guys have each been connected to both the Yankees and Jays in rumors this offseason.

The loss of Soto obviously leaves a huge hole in the Yankee outfield, so they will surely be considering various options to bolster the group alongside Aaron Judge, Trent Grisham and Jasson Domínguez. That could include the aforementioned free agents but the Yanks have reportedly contacted the Cubs about a Cody Bellinger trade.

The Jays have George Springer and Daulton Varsho as their two most established outfielders, though Varsho is recovering from shoulder surgery and might not be ready for Opening Day. They have Nathan Lukes, Joey Loperfido, Jonatan Clase and other guys on the roster but those guys are all fairly limited in terms of their major league experience.

Santander rejected a qualifying offer from the Orioles at season’s end, so that club will receive draft pick compensation if he ultimately signs elsewhere. That feels fairly inevitable now that they have an agreement with O’Neill, effectively replacing Santander in the club’s outfield mix. If Santander signs a contract worth more than $50MM, the O’s will get a pick after the first round of the upcoming draft. The signing club will also be subject to penalties, depending on whether they are revenue sharing recipients or paid the competitive balance tax in 2024.

Latest On Teoscar Hernandez’s Market

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2:17PM: The Blue Jays also have interest in Hernandez but Anthony Santander appears to be Toronto’s chief backup target if Soto isn’t signed, according to MLB.com’s Mark Feinsand (X link).

1:44PM: The Dodgers and Red Sox were previously linked to Teoscar Hernandez’s market earlier this offseason, and MassLive.com’s Chris Cotillo reports that the Yankees are also looking at the free agent slugger.  The three suitors all have “serious interest” in Hernandez’s services, with one noteworthy caveat — all three clubs are in the running to land Juan Soto, so Hernandez is viewed as the natural backup plan for all parties if Soto can’t be signed.

The Mets and Blue Jays are the two other teams known to still be pursuing Soto.  At the moment, all five teams seem to be still be under consideration even if the Mets and Yankees have reportedly pushed the bidding up into the range of $710-$730MM.  Los Angeles is thought to be the least aggressive of Soto’s five suitors and perhaps seems more likely to break away from the pack to pivot towards Hernandez or another option, but Cotillo figures Hernandez won’t make his own decision until after Soto signs.

Hernandez has openly said that returning to the Dodgers is “the priority” of his offseason, and “I’m going to do everything in my power to come back….It feels great to be part of this.”  After a down year with the Mariners in 2023, Hernandez rebounded in the best possible way by winning a World Series and hitting .272/.339/.501 with 33 home runs over 652 plate appearances with L.A. last season.  Hernandez inked a one-year, $23.5MM contract last winter and now looks poised to land a much heftier multi-year deal this time around.

As sources tell Peter Abraham of the Boston Globe (X link), Hernandez’s preference is still to remain with Los Angeles, though the Red Sox have a solid case in their own right for the slugger’s services.  The Sox made a push for Hernandez last year in offering him a two-year, $28MM deal that Hernandez turned down in order to take the greater flexibility of the Dodgers’ one-year offer, plus L.A. was the more clear-cut contender heading into 2024.  Hernandez “has long been intrigued by the idea of playing at Fenway Park and he’s a fan of Alex Cora,” Abraham writes, so with a World Series ring now in tow, Hernandez could now explore a move to Boston and perhaps a big role in a future Red Sox championship team.

The Yankees shouldn’t be overlooked as contenders, as Hernandez has also enjoyed a lot of success at Yankee Stadium over the years.  New York might have the most incentive of all these teams to bolster the lineup if Soto departs, even if adding a big bat in the infield is also a priority since Gleyber Torres and Anthony Rizzo are free agents and unlikely to return.

Rejecting the Dodgers’ qualifying offer probably won’t have much impact on Hernandez’s market, though the Yankees and Red Sox would face a differing penalty level for signing the outfielder (or any player who rejected a QO).  Because New York was a luxury tax payor in 2024, signing Hernandez would cost the Yankees $1MM in international bonus pool money and their second- and fifth-highest picks in the 2025 draft.  Boston would have to give up $500K of int’l pool funds and their second-highest 2025 draft pick.  Los Angeles, of course, wouldn’t have to give up anything to sign Hernandez, as he is one of the Dodgers’ own free agents.

Blue Jays Interested In Anthony Santander, Corbin Burnes

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The Blue Jays are interested free agent outfielder Anthony Santander, reports Bob Nightengale of USA Today. Nightengale also mentions that the club is pursuing top pitchers like Corbin Burnes and Max Fried. The club has previously been connected to top free agent starters such as Fried and Blake Snell in recent weeks, so Burnes being on the list as well is aligned with those interests.

The connection with Santander is a sensible one. MLBTR’s Anthony Franco predicted the Jays to sign Santander when our Top 50 Free Agents list came out earlier this month. The Jays are a sensible fit for an outfielder and a potent bat, two boxes that would be checked by Santander.

Right now, the Jays have George Springer and Daulton Varsho as the two established big leaguers in their outfield. Varsho underwent shoulder surgery in September and it’s possible that he’ll miss the opening of the 2025 season. Springer is now 35 years old and has seen his wRC+ decline for five straight years now. He had a 155 wRC+ in 2019 but that number has gone to 143, 140, 133, 104 and 95 in recent years.

In addition to those two, the Jays have plenty of other theoretical options to take playing time on the turf. Nathan Lukes, Joey Loperfido, Jonatan Clase, Davis Schneider, Addison Barger and Steward Berroa are all outfield options on the 40-man roster, but there’s not much certainty there. Schneider is the only one with more than 81 big league games on his track record and he’s coming off a frustrating season. In short, there’s plenty of room for the Jays to make an external addition.

More broadly, some home run pop would be welcome in the lineup. The Jays were middle of the pack in terms of wRC+ and on-base percentage in 2024 but were 26th in the majors in terms of home runs, ahead of just the Marlins, Rays, Nationals and White Sox. Only six guys on the club got to double digits with Vladimir Guerrero Jr. the only Blue Jay to get to 20 dingers on the year.

Santander can certainly provide that power, having just hit 44 home runs this past year. With 105 homers over the past three seasons, he’s sixth in the majors for that time frame behind star sluggers Aaron Judge, Shohei Ohtani, Kyle Schwarber, Pete Alonso and Matt Olson. The Jays have a bunch of key contributors who hit from the right side, such as Guerrero, Springer, Bo Bichette and Alejandro Kirk, so Santander’s switch-hitting ability likely adds to the appeal. He’s not a great defender but he’s slashed .244/.317/.478 over the past three years for a 124 wRC+ and the Jays don’t have a full-time designated hitter, which could allow them to limit the downside of his glovework.

It seems fair to conclude that Santander would be a fallback plan in the event the Jays don’t succeed in landing Juan Soto. The Jays are one of the clubs still plausibly in the mix for Soto, with offers expected to come in this week.

Soto ticks a lot of the same boxes as Santander, as he’s a lefty-swinging outfielder with power, but he’s the more attractive free agent for a few reasons. Soto is far younger, as he is now 26 while Santander is 30. Soto’s elite eye at the plate is also in a different stratosphere compared to Santander. Soto’s 18.8% walk rate in his career is roughly double a normal league average and higher than his 17% strikeout rate. Santander, meanwhile, takes a free pass at a subpar 7.3% clip.

Based on those differences, Soto is going to be Plan A for a lot of clubs, who will then view Santander as a potential safety alongside other free agent outfielders like Teoscar Hernández, Tyler O’Neill, Jurickson Profar and others. While MLBTR predicted Soto for a $600MM guarantee, Santander was projected for a deal of $80MM over four years, obviously far more affordable.

Santander has been connected to the Yankees this winter as one of many players the Yanks could turn to if they don’t get Soto and the Jays likely view their situation similarly. Soto is widely expected to secure a record-breaking contract of some kind, so teams will naturally want to assess their payroll ledgers and consider the domino effects of such a contract before pivoting to other moves.

On the pitching side, the Jays have been connected to a few starting pitchers already, as mentioned. The Jays have a veteran front three in their rotation, with Kevin Gausman, José Berríos and Chris Bassitt all under contract for 2025. Bowden Francis seems to have earned a rotation gig with his strong second half in 2024. Candidates for the fifth spot include Yariel Rodríguez and Jake Bloss, but Rodríguez also has plenty of relief experience and could be in the bullpen. Bloss still has options and limited experience, not having thrown much in the majors nor the minors.

Adding a pitcher like Fried or Snell or Burnes would obviously strengthen the group. Burnes has been one of the best pitchers in baseball over the past five years, though he hasn’t been quite as dominant over the past two. From 2020 to 2022, he had a 2.62 earned run average, 33.4% strikeout rate, 6.4% walk rate and 47.6% ground ball rate. In the two most recent seasons, it’s been a 3.15 ERA, with his strikeout rate falling to 24.3%.

That’s a bit of a concern but Burnes is still arguably the top pitcher available in free agency this offseason. MLBTR predicted Burnes for $200MM over seven years, with Snell at $160MM over five and Fried at $156MM over six.

There are many ways it could play out but it seems the Jays are setting their sights high after missing out on Ohtani last winter and then having a disappointing season in 2024. It’s also been suggested that the Jays could be quite aggressive this offseason since there are a few potential pivot points coming up. Guerrero, Bichette and Bassitt are all slated for free agency for 2025, while team president Mark Shapiro and manager John Schneider are each going into the final years of their respective deals as well. General manager Ross Atkins is under contract through 2026 though it’s been suggested that he may be under pressure to deliver in the upcoming season in order to stick around.

The Jays had an Opening Day payroll of $225MM last year, per Cot’s Baseball Contracts, with RosterResource currently projecting them for $189MM in 2025. Shapiro had previously said he didn’t expect the club’s payroll to significantly increase or decrease relative to 2024, so the Jays could have something in the vicinity of $35MM to spend this offseason on a notable free agent.

Some reporting, including from Ben Nicholson-Smith of Sportsnet, has pointed to ownership perhaps having a Soto and non-Soto budget. The club was apparently willing to go to greater financial extremes to sign Ohtani last winter but didn’t end up redistributing that money to other players after he signed with the Dodgers. Similarly, the payroll ceiling could be moved up to accommodate a Soto deal but not otherwise.

Regardless of how much money they end up spending this winter, draft pick forfeiture will be another cost the club will have to consider. Each of Soto, Burnes, Fried and Santander rejected a qualifying offer, as did other potential targets like Hernández or Willy Adames. Snell wasn’t eligible to receive a QO this offseason because he already rejected one a year ago.

The Jays are believed to have just snuck under the competitive balance tax in 2024 by trading away some veterans at the deadline, which impacts their penalties for signing a player who rejected a qualifying offer. A tax-paying club has to forfeit $1MM of international bonus pool space as well as its second- and fifth-highest pick in the next draft. If the Jays did indeed go under the CBT line in 2024, those penalties will instead be $500K of pool space and just the second-best draft pick. In recent years, the Jays have been willing to sign players who rejected qualifying offers, doing so with both Springer and Bassitt.

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