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Cubs Notes: Hoerner, Third Base, Bellinger, Steele

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The Cubs made a massive splash on the trade market yesterday when they landed star outfielder Kyle Tucker is a blockbuster deal with the Astros. The club surrendered a hefty package of All-Star third baseman Isaac Paredes, 2024 first-rounder Cam Smith, and right-handed youngster Hayden Wesneski in order to make the deal, however, and the loss of Paredes in particular may have changed some of the club’s offseason plans.

Second baseman Nico Hoerner has reportedly been available in trade talks this winter, with the Mariners in particular being said to have interest in the infielder. According to Ken Rosenthal of The Athletic, however, it’s possible that the club’s thinking involving Hoerner has changed in the aftermath of yesterday’s deal with the Astros. Rosenthal notes that the Cubs were motivated to trade from their infield mix in order to open up playing time for top prospect Matt Shaw, who hit a sensational .298/.395/.534 in a late-season cup of coffee at the Triple-A level and appears ready to make the jump to the major leagues.

Shaw was drafted as a shortstop, but is a bat-first prospect who has spent time at both second and third base in the minors since being selected with the 13th-overall pick in the 2023 draft. While Shaw has typically been considered a more natural fit at second than third due to questions about his arm strength, the youngster logged 580 1/3 innings at the hot corner in the minors this past year and seems to be a natural choice to replace Paredes in Chicago’s infield mix next year. That, according to Rosenthal, leaves the Cubs “likely” to keep Hoerner in the fold headed into next season.

It’s at least possible another addition changes those plans, as USA Today’s Bob Nightengale reported earlier today that the club is in the market for third base help following yesterday’s deal. It’s unclear if such an addition would be a part-time player who could offer insurance in case Shaw proves to not be quite ready for the majors or if the Cubs are pursuing more of a regular option at the hot corner, but it would seem likely at this point that the Cubs may only seriously entertain a Hoerner trade going forward if they’re able to land a regular third baseman, thereby allowing them to replace Hoerner with Shaw at the keystone.

While Hoerner may be staying put in Chicago, the same cannot be said for Cody Bellinger. The 2019 NL MVP has been known to be on the trade block all winter due to the outfield logjam the Cubs experienced late in the 2024 season, when Bellinger was vying with Seiya Suzuki, Ian Happ, Mike Tauchman, and top prospect Pete Crow-Armstrong for regular playing time. That logjam already led the Cubs to non-tender Tauchman, and the introduction of Tucker as the surefire everyday starter in right field only further emphasized that Bellinger figures to play in another uniform next year.

The Yankees appear to be perhaps the most aggressive suitor for Bellinger this winter, though reports have previously indicated that the sides remain apart on how much of Bellinger’s contract the Cubs should retain. Peter Botte of the New York Post provided additional details about the situation yesterday, reporting that the sides are “more than $10MM” apart in their negotiations. That’s a hefty gap the sides will need to bridge in order to come together on a deal, as it represents more than a third of Bellinger’s $27.5MM salary for the 2025 season. Freeing up money in order to improve other areas of the roster seems to be one of the primary motivators for the Cubs in trading Bellinger. According to RosterResource, the club’s luxury tax payroll sits at just under $215MM after the Tucker deal, and clearing as much of Bellinger’s $26.67MM average annual value off the books as possible would greatly increase Chicago’s financial flexibility as they look into improving their rotation by dealing for a starter like Mariners righty Luis Castillo or Marlins southpaw Jesus Luzardo.

Speaking of the rotation, Patrick Mooney and Tim Britton of The Athletic recently took a look at the possibility of an extension between the Cubs and left-hander Justin Steele. The pair report that Steele and the Cubs have not engaged in extension talks to this point, though they note that the Cubs frequently use the start of Spring Training as an opportunity to explore extensions with players as they’ve done with Hoerner and Happ in the past before ultimately getting deals done closer to Opening Day.

The 29-year-old lefty is certainly an intriguing extension candidate. Steele is under team control for three more seasons and doesn’t sport high-end velocity or massive strikeout rates. With that said, his results have been undeniably excellent in three seasons since he joined the rotation on a full-time basis. In 427 innings of work across 78 starts over the past three years, Steele has posted a 3.10 ERA (134 ERA+) with a nearly matching 3.14 FIP. He generates grounders at a strong 48.5% clip and has limited walks to just a 5.7% rate over the past two seasons after struggling somewhat with his control in 2022. Among starters with at least 300 innings over the past two years, only Gerrit Cole has allowed a lower ERA than Steele’s 3.07, while his 3.11 FIP ranks third behind Sonny Gray and Logan Webb.

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.

Latest On Seiya Suzuki’s Trade Candidacy

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While the overwhelming majority of the focus on the Cubs’ outfield mix this winter has been on the trade candidacy of Cody Bellinger, teammate Seiya Suzuki has emerged as an intriguing trade candidate in his own right in recent weeks. Previous reporting has described the club as “determined” to move one of the two outfielders, and today Suzuki’s agent Joel Wolfe offered notable insight on the possibility of his client getting dealt, as relayed by ESPN’s Jesse Rogers.

Wolfe told reporters (including Rogers) this afternoon that Cubs president of baseball operations Jed Hoyer approached him last night about which teams are interested in Suzuki’s services. Notably, Suzuki has a full no-trade clause, meaning that he and Wolfe are free to reject any trade proposal involving the outfielder. Wolfe suggested that while Suzuki is theoretically open to a trade, he added that “it’s a pretty small universe” in terms of teams he would be willing to entertain being moved to.

In addition to confirming that there are teams at least inquiring on Suzuki’s availability, Wolfe’s comments also revealed one potential motivation for Suzuki to entertain trade offers: his desire to play the outfield on a regular basis. Following the emergence of top prospect Pete Crow-Armstrong as the club’s everyday center fielder last summer, Suzuki found himself parked at DH on a regular basis once the club’s outfield mix was fully health and Bellinger cemented himself as the club’s regular right fielder. That’s a situation he was evidently displeased with, as Wolfe suggested that Suzuki likely “would not have signed with a team” who pitched being their everyday DH to him in free agency.

That potential source of discord between player and team shines a new light on the Cubs’ efforts to trade either Suzuki or Bellinger this winter. With Ian Happ locked in as the club’s left fielder and Crow-Armstrong having cemented himself in center, it’s undeniable that the club’s best defensive alignment with their current group of players involves Bellinger in right field with Suzuki at DH. Suzuki was well-regarded defensively for his work in the outfield during his NPB days but has oscillated between average and below average throughout his three seasons in the big leagues according to defensive metrics. His -3 Outs Above Average last year ranked 33rd among 42 qualified right fielders. While Bellinger did not get enough reps to qualify, he’s earned +2 Outs Above Average for his work across all three outfield spots in two seasons with the Cubs and is generally regarded as a plus defender in an outfield corner.

Of course, that’s not to say the Cubs would necessarily prefer to trade Suzuki. Indeed, the club’s apparent aggressiveness in shopping Bellinger suggests just the opposite, and it’s not hard to see why. For one things, Bellinger’s $27.5MM salary in 2025 eclipses the $19MM Suzuki is owed this year, and Bellinger’s player option for 2026 offers Chicago less certainty moving forward than Suzuki’s guaranteed contract. What’s more, Suzuki is a better hitter and perhaps even the best hitter on the team. The 29-year-old’s .283/.366/.482 (138 wRC+) slash line this year dwarfs Bellinger’s own line of .266/.325/.426 (109 wRC+), and Suzuki has long been a statcast darling who hits the ball hard and takes his walks compared to Bellinger’s low exit velocities and contact-oriented approach.

To that end, Cubs GM Carter Hawkins spoke to reporters (including Meghan Montemurro of the Chicago Tribune) this afternoon and downplayed the likelihood of a trade.

“We don’t want to trade Seiya,” Hawkins said, as relayed by Montemurro. “but, look, as [Wolfe] talked about there’s people interested in great players and so if teams come asking those are at least conversations that we’re willing to have, but I really don’t think much is going to come of it.“

Hawkins’s comments lend further credence to previous reporting regarding Suzuki’s availability that suggested while the Cubs were willing to entertain offers for the slugger, a deal was only likely to come together if Chicago was unable to trade Bellinger. To this point, Bellinger has received reported interest from the Yankees, Mariners, Astros, and Diamondbacks at the very least, suggesting that a Bellinger trade remains the more likely outcome unless the market for his services falls apart in the coming days and weeks.

Yankees Expected To Move Aaron Judge Back To Right Field In 2025

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Reigning AL MVP Aaron Judge is currently expected to move back to his longtime position of right field for the 2025 season, according to MLB.com’s Bryan Hoch. Judge has appeared in right field during more than 75% of his career games in the outfield but played center field almost exclusively in 2024 in order to accommodate the addition of Juan Soto to the club’s lineup. Now that Soto has departed for Queens on a record-breaking deal, however, Judge will be able to return to his old stomping grounds.

“We’re not afraid to run [Judge] out in center like we’ve done, but I think it makes sense to have him over in right,” Yankees GM Brian Cashman said Monday, as relayed by Hoch. He went on to suggest that sliding Judge back to his natural position offers top outfield prospect Jasson Dominguez a “clear lane” to capture the starting center field job entering Spring Training, though Hoch notes that Cashman added he isn’t currently ready to anoint the 21-year-old as the club’s starter for next season.

Even if the club ultimately opts to send Dominguez back to Triple-A (where he’s hit well but has just 53 total games under his belt) to open the 2025 campaign, the club figures to have number of options they could consider that would keep Judge in right. Perhaps the most obvious internal solution for center outside of Dominguez is Trent Grisham, who the club avoided arbitration with last month by agreeing to a $5MM contract despite the fact that Grisham was strictly used as a bench player by the club after being acquired from the Padres alongside Soto last winter. The 28-year-old appeared in 76 games last year as a late-inning defensive replacement or to fill in for Judge in center field when the slugger had the day off or was DH’ing for the day, but received just 209 plate appearances total despite being an everyday player in San Diego in each of the previous four seasons.

Grisham’s .190/.290/.385 slash line was good for a decent 91 wRC+, and a .217 BABIP that was well below his career norms may suggest room for positive regression going forward. That decent bat combined with an elite glove at a premium position makes Grisham a plausible candidate for a starting role, and Hoch suggests the club could look for a right-handed center fielder to pair with Grisham at the position this winter. Grisham and Dominguez aren’t the only internal options the club has in center, as Jazz Chisholm Jr. has two seasons’ worth of experience at the position from his time in Miami. With that said, Hoch did not mention Chisholm as even a theoretical candidate for the position headed into 2025, and all signs point to the Yankees planning to use the 26-year-old sparkplug at either second or third base next year.

Turning back to Grisham, the extremely thin market for center fielders this winter could pose an obstacle to any plans of platooning him in center as the Yankees would likely be limited to light-hitting bench players with impressive defense like Harrison Bader, Michael A. Taylor, and Cristian Pache. One other potential addition the Yankees could make to their outfield mix who is capable of playing center would be Cubs outfielder Cody Bellinger. The Yankees are known to have at least checked in on the 2019 NL MVP this winter, and Hoch reiterates that the club is “intrigued” by 29-year-old. Bellinger is coming off a down season in Chicago where he hit a solid but unspectacular .266/.325/.426 (109 wRC+) in 130 games. While Bellinger’s 7.9% walk rate was solid and his 15.6% strikeout rate was genuinely impressive, he mustered only 18 home runs with the Cubs this year after clubbing 26 the year prior.

That’s still solid production, but a combination of Bellinger’s hefty $27.5MM salary for 2025 and the Cubs’ deep mix of outfield options has led the club to shop him quite aggressively this winter. According to Hoch, the Yankees’ interest in Bellinger stems at least in part from his positional versatility. Bellinger is a roughly average defensive center fielder at this stage of his career, offering less upside with the glove than a player like Grisham or even Dominguez but more than capable of handling the position on a regular basis if needed. That defense goes from average to well above average when Bellinger is parked in either outfield corner, and he’s also capable of handling first base with nearly 2500 career innings in the majors at the position. Judge stands as the only player locked into everyday reps in the club’s outfield mix next year with Soto now out of the picture, and given the club’s hole at first base it’s easy to see how acquiring a player like Bellinger could offer them plenty of flexibility as they look to retool their roster with a number of possible targets for both the infield and outfield on the table.

Cody Bellinger Generating Trade Interest, Seiya Suzuki Trade Less Likely

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Cody Bellinger is quickly becoming one of the most talked-about trade candidates of the offseason. Earlier this month, Joel Sherman of The New York Post reported that the Cubs were “determined” to trade one of Bellinger or Seiya Suzuki. Sahadev Sharma of The Athletic added further detail to that story today, noting that the team would prefer to part with Bellinger. Dealing Suzuki doesn’t seem like anything more than a backup plan in case no Bellinger trade comes together. 

Sharma goes on to mention that there “seems to be real interest” in Bellinger on the trade market, thus pouring cold water on the possibility of a Suzuki deal (at least for now). Indeed, Bellinger has already been linked to the Diamondbacks, Mariners, Yankees, and Astros this winter, and Sharma suggests that the market for Bellinger could heat up now that Juan Soto has signed with the Mets. It seems the Cubs have been shopping Bellinger as a second choice for teams that missed out on the lefty-batting superstar. Bellinger is no Soto, but he can provide above-average offense from the same side of the plate and a much better glove in the outfield. He may not be a perennial MVP contender, but he does have superstar upside, even if his 2019 MVP season is getting smaller and smaller in the rearview mirror.

As for Suzuki, it’s not hard to understand why the Cubs would prefer to hold onto the righty bat. He is set to make $19MM in each of the next two seasons, while Bellinger will make $27.5MM in 2025 and has a player option for $25MM in 2026. Trading Bellinger would free up more payroll space for the coming season and would free the Cubs of his player option; as the name suggests, player options are inherently player-friendly. Furthermore, Suzuki is coming off a stronger season than Bellinger. While Bellinger is a better defender and baserunner, Suzuki is a more reliable middle-of-the-order bat. Bellinger’s offense has been much less stable in recent years. Thus, Suzuki looks like a bargain at $19MM per year, while Bellinger presumably would have opted out of his contract this winter if he thought he could do better on the open market.

For all of those same reasons, Suzuki’s trade market would probably be more robust than Bellinger’s. However, it doesn’t seem as if the Cubs are necessarily trying to maximize their return. Rather, president of baseball operations Jed Hoyer might simply need to create more payroll flexibility to address areas of greater need on the roster. After all, the Cubs have no shortage of outfield and/or designated hitter types in the organization. That includes center fielder Pete Crow-Armstrong, left-fielder Ian Happ, and top prospects Kevin Alcántara, Matt Shaw, and Owen Caissie.

What the Cubs could use more of is pitching. After signing Matthew Boyd, they reportedly remain interested in adding another starter (per Sharma and Patrick Mooney of The Athletic). Over the past few days, the club has been linked to free agent Walker Buehler and trade candidates Jordan Montgomery and Garrett Crochet. As much as they could use another arm, however, the Cubs might not be willing to pay for another starter without first removing some money from the books. On a related note, Sharma says Chicago has also shown “some interest” in Jack Flaherty but only if his price tag is low enough.

In theory, the Cubs should be able to sign a top-end starting pitcher like Flaherty without trading Bellinger or Suzuki. Their estimated 2025 payroll currently sits around $185MM, according to RosterResource. That’s $43MM lower than last season’s final estimate. They’re also about $40MM under the first luxury tax threshold, which should give them plenty of wiggle room even if they’d like to get back under the tax in 2025. However, Chicago’s eagerness to shop Bellinger and reluctance to court Flaherty certainly suggest that Hoyer is working under payroll constraints as he looks to get the Cubs back to the playoffs for the first time in his tenure as president of baseball operations.

Report: Diamondbacks Explored Montgomery/Bellinger Trade With Cubs

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There has been plenty of trade speculation surrounding the Diamondbacks’ Jordan Montgomery and the Cubs’ Cody Bellinger this offseason, as both players have outsized salaries and are somewhat imperfect roster fits on their respective clubs.  These same issues have seemingly led to a rather quiet trade market for either player to date, though USA Today’s Bob Nightengale writes that Arizona “tried to get the Cubs interested in a swap” involving the two players.  It isn’t known if the proposed deal was a straight one-for-one trade or if other players were involved, though it could be a moot point since the Cubs apparently didn’t have much interest.

Bellinger chose to pass on his opt-out clause in the wake of only an okay 2024 season, leaving him on Chicago’s roster through the 2026 season for $52.5MM in remaining salary.  This breaks down as $27.5MM in 2025, and then Bellinger can either opt out of the final year of the deal and pocket a $5MM buyout on his way back to free agency, or he can again forego the opt-out clause and earn $25MM in 2026.

Montgomery also decided against opting out of the final year of his two-year deal Arizona, and will receive $22.5MM for the 2025 season.  Whereas a case could’ve been made for Bellinger to test the market again this winter, there was no doubt Montgomery would be staying in his contract in the wake of a disastrous first season with the D’Backs.  Montgomery signed with Arizona just before Opening Day and then struggled to a 6.23 ERA over 117 innings, seemingly a by-product of missing Spring Training and not having a proper ramp-up due to his extended stint in free agency.

D’Backs owner Ken Kendrick was publicly critical of the Montgomery signing during a radio interview back in October, which was viewed as either some surprisingly harsh honesty from an executive about a player, or as Kendrick’s attempt to try and get Montgomery to opt out of his contract just to pursue a fresh start elsewhere.  If the latter, the tactic obviously didn’t work, and Nightengale writes that “the Diamondbacks are shopping [Montgomery] everywhere” to try and move that salary off the books.

A Montgomery-for-Bellinger trade is fascinating for several reasons, beginning with the simple fact that they were both members of the so-called “Boras Four.”  Along with Blake Snell and Matt Chapman, Montgomery and Bellinger were both represented by agent Scott Boras last offseason, and all four players ended up settling for shorter-term contracts with opt-out after lengthy stints in free agency didn’t result in the lucrative longer-term pacts each player was looking to score.  It should be noted that Chapman and Snell have now found such contracts in the last few months — Chapman via his extension with the Giants and Snell’s new five-year deal with the Dodgers.

From a pure baseball perspective, swapping Montgomery for Bellinger helps the D’Backs and Cubs each address some needs.  Bellinger would bring offense to an Arizona team that might be losing Christian Walker, Joc Pederson, and Randal Grichuk in free agency, and Bellinger could slot right in as a replacement for Walker at first base.  While Bellinger’s left-handed bat would further imbalance a Diamondbacks lineup that is already heavy with lefty swingers, Bellinger’s ability to play the outfield could make the D’Backs more comfortable in trading one of their in-house left-handed hitting outfielders.  Jake McCarthy or Alek Thomas are the likeliest trade candidates, since obviously Corbin Carroll isn’t going anywhere.

The Diamondbacks have a rotation surplus that is also drawing trade interest, and moving Montgomery to the Cubs would help Chicago bolster the back of its rotation.  Matthew Boyd was recently signed to join Shota Imanaga, Justin Steele, and Jameson Taillon in the Cubs’ starting five, and though Javier Assad is lined up for that fifth starter’s job, the Cubs are reportedly open to more additions in the starting pitching department.  Trading for Montgomery would give Chicago its own semi-surplus of rotation options that could be turned into trade chips, and also move Bellinger out of the Cub’ crowded outfield and first base situation.

Despite his rough 2024 numbers, it wouldn’t be surprising to see Montgomery rebound to his old self now that he’ll have the benefit of a normal offseason.  It’s probably safe to assume that he’d be a popular bounce-back candidate in trade talks if it wasn’t for the $22.5MM price tag, as rival teams might not want to make quite that big of a bet that Montgomery can regain his old form.

The Astros, Mariners, and Yankees have all shown some degree of interest in Bellinger, and New York in particular could emerge as a stronger suitor if the team doesn’t re-sign Juan Soto.  Even if the numbers haven’t matched up to date for the Cubs in finding a trade partner for Bellinger, this active market could be a reason why the Cubs are aiming a bit higher in their pursuits than perhaps settling for Montgomery in a swap of unfavorable contracts.

While Bellinger might yet opt out after 2025, the Diamondbacks would be facing the bigger financial burden in taking on two years of salary in exchange for Montgomery’s final remaining year.  After the 2025 season, however, a good deal of money is coming off Arizona’s books, as Zac Gallen, Eugenio Suarez, and Merrill Kelly are all free agents next winter.  That could make fitting Bellinger into the 2026 payroll a bit more palatable for the Snakes.

Mariners Notes: Bellinger, Hoerner, Payroll

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The Mariners have been connected to a couple of Cubs recently, with recent rumors that they had discussed both infielder Nico Hoerner and first baseman/outfielder Cody Bellinger. Adam Jude of The Seattle Times took a look at those talks and some other Mariner topics ahead of next week’s Winter Meetings.

Both players are sensible targets for the Mariners, who have infield vacancies and have been trying to cure their strikeout woes for a while. The club’s hitters were punched out at a 25.9% clip in 2023, with only the Twins having a higher rate that season. The M’s moved on from players like Teoscar Hernández, Eugenio Suárez and Jarred Kelenic in an attempt to improve this but the plan backfired. New additions like Mitch Garver, Mitch Haniger and Jorge Polanco all struggled with strikeouts themselves, so the M’s actually saw the team-wide rate jump to 26.8% in 2024, tied with the Rockies for the highest in the majors.

Hoerner has only been punched out in 12% of his plate appearances thus far. Bellinger has a higher career strikeout rate of 21.1% but he’s finished each of the past two seasons at 15.6%. Beyond the contact stuff, both players could also fit Seattle’s need for infielders. They turned down a club option on Polanco and non-tendered Josh Rojas. They traded Ty France last year and Justin Turner became a free agent at season’s end.

They are reportedly looking to add at both corners, supplementing shortstop J.P. Crawford. At second base, they are reportedly content enough with using Dylan Moore and Ryan Bliss until prospect Cole Young forces his way into the picture.

Luke Raley could be part of the first base solution, though he struggles against lefties and would need to be platooned. He could also be moved to outfield if the M’s add an everyday first baseman. They have interest in re-signing Turner or reuniting with old friend Carlos Santana, but it makes sense that they would consider Bellinger with the Cubs reportedly determined to move either him or Seiya Suzuki and free up their position player mix.

However, pre Jude’s report, the financial components of a Bellinger trade are a factor. The Mariners are reportedly planning to increase payroll next year, but not by much. Jude pegs their spending range at $150-155MM and says they have about $15MM of room at the moment. Cot’s Baseball Contracts pegged the club’s Opening Day payroll at $140MM last year, so that range tracks as a modest bump. RosterResource currently projects the club for a $146MM payroll next year, which seems to be just a tad higher than what Jude is suggesting.

Bellinger’s current contract wouldn’t fit into those parameters. He’s slated to make $27.5MM this year and then will have to decide between a $5MM buyout or a $25MM salary for 2026. As such, Jude suggests that the Mariners would have to include Haniger or Garver in the deal to balance out the money a bit. The Cubs wouldn’t have much interest in Haniger, since they already have an outfield surplus. On top of that, he’s coming off a poor season and is going to make $15.5MM next year.

Garver is a better fit for the Cubs since his primary defensive position is catcher, a spot they are looking to upgrade. However, he’s been injured quite often and become more of a designated hitter over time. He’s also coming off a rough campaign and will make $11.5MM next year, plus a $1MM buyout on a 2026 mutual option.

Perhaps the contract situation will stand in the way of a deal coming together. There’s also Bellinger’s inconsistency and opt-out situation to consider. After some rough seasons where Bellinger was seemingly held back by injuries, he had a nice bounceback in 2023. He hit 26 home runs, slashed .307/.356/.525 and stole 20 bases, leading FanGraphs to credit him with 4.4 wins above replacement. But he couldn’t repeat that in 2024, producing a .266/.325/.426 line while stealing just nine bases and spending less time in center field due to the emergence of Pete Crow-Armstrong. His fWAR tally was just 2.2 this year, half of the prior year despite playing in the same number of games.

Bellinger declined to trigger an opt-out in his contract at the end of that middling season but has another opt-out next year. That makes him a tricky gamble for any acquiring club. The best case scenario is that you get him back in good form and he leaves after year one, but even that scenario costs $32.5MM. The downside is that he doesn’t get back to that level and sticks around as an overpaid part of the 2026 roster.

As for Hoerner, it was recently reported that the Mariners had discussed him with the Cubs, but it wasn’t clear how interested they were. Today, Jude says the M’s “covet” Hoerner, so it seems the interest is real from Seattle’s end.

He would be an interesting fit as he is mostly a glove-first player. He has hit .278/.338/.381 in his career for a 102 wRC+. But thanks to his excellent defense and baserunning, he was been worth roughly 4-5 fWAR in each of the past three seasons.

He came up as a shortstop but has been mostly playing second base in deference to Dansby Swanson. He’s generally perceived as capable of returning to shortstop on another club, but the Mariners already have Crawford. Unless the M’s have designs on moving Crawford, then it seems they view Hoerner as a good option to help with their uncertainty at third or perhaps second base.

In terms of salary, Hoerner is going to make $11.5MM next year and $12MM in 2026. That makes him a far better financial fit than Bellinger. Per Jude, the Cubs are looking for MLB-ready help whereas the Mariners would rather surrender prospects. There has been a lot of trade speculation around the Seattle rotation since it’s so strong but the depth is actually not great and president of baseball operations Jerry Dipoto has said that surrendering a big league starter is “Plan Z”.

Cubs Reportedly “Determined” To Trade Seiya Suzuki Or Cody Bellinger

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The Cubs are “determined” to trade one of first baseman/outfielder Cody Bellinger or outfielder Seiya Suzuki, reports Joel Sherman of The New York Post, with the idea of then redirecting their cost savings to upgrade other parts of the roster. Per Bruce Levine of 670 The Score, the Cubs have some interest in catchers Carson Kelly and Danny Jansen as well as relievers Andrew Chafin and Kirby Yates.

The Cubs have been seen as a logical candidate to move an outfielder due to having a fairly crowded mix on the grass. Pete Crow-Armstrong seemingly established himself as a viable glove-first center fielder this year, with the potential for huge value if his offense takes a step forward. For the corner spots, the Cubs have Bellinger, Suzuki and Ian Happ. Bellinger can also play some first base but Michael Busch took that position and ran with it this year.

There are also some other options lurking just below those established big leaguers. Alexander Canario has just 45 major league plate appearances but he has always hit well in Triple-A and is now out of options. Kevin Alcántara and Owen Caissie are both on the 40-man roster and consensus top 100 prospects in the league. Alcántara made a brief MLB debut in 2024 while Caissie spent the whole season in Triple-A and played well, so both are arguably ready for some proper big league playing time. Even with the designated hitter spot open, that’s more guys than the Cubs have spots.

But untangling the knot comes with complications. The prospects and Crow-Armstrong are cheap and controllable, so the the Cubs probably view them as part of the long-term solution, especially since the Happ/Bellinger/Suzuki trio are all slated for free agency after 2026, with Bellinger able to opt out of his deal after 2025. But Happ and Suzuki have no-trade clauses, making it difficult to move them.

Bellinger is also difficult to trade on account of that opt-out. For the Cubs or an acquiring club, the best case scenario is that he plays well in 2025 and leaves, but even that wouldn’t be cheap. He’s going to make $27.5MM in 2025 and then gets to choose between a $5MM buyout and $25MM salary in 2026. That means that even a one-and-done from Bellinger in 2025 will cost $32.5MM. Teams may have some willingness to take a chance on Bellinger bouncing back from a middling 2024 campaign, but the downside is that he doesn’t quite get back into form and sticks around for 2026. In that scenario, the acquiring team would be on the hook for $52.5MM over two years for a struggling player.

At this point, it’s anyone’s guess which version of Bellinger is going to show up next year, given his up-and-down career. He won an MVP award earlier in his career but then suffered through a few miserable seasons, perhaps struggling to get healthy after a notable shoulder surgery. He bounced back with the Cubs in 2023, hitting 26 home runs, slashing .307/.356/.525 and stealing 20 bases. FanGraphs credited him with 4.4 wins above replacement in 130 games. He played the same number of games in 2024 but with his fWAR cut in half to 2.2. His home run tally dropped to 18, he stole nine bases and he played less time in center field as Crow-Armstrong took over that spot.

Lining up with another club on a trade could be difficult, but it’s still a possibility. At the start of the offseason, we put Bellinger on our list of likely trade candidates, though with a spot near the bottom as a reflection of the complications. It was reported this week that the Yankees, Mariners and Astros have checked in about him.

With Suzuki, this is the first suggestion that he is available, and he will surely draw interest. In his 381 major league games thus far, he has hit 55 home runs and drawn walks at a 10.2% clip. His .278/.354/.470 batting line translates to a 129 wRC+ and he has seemingly been getting better over time. His home run total has gone from 14 to 20 and then 21 in his three seasons, with his walk rate climbing year-over-year from 9.4% to 10.1% and then 10.8%. As such, his wRC+ has gone from 118 in his rookie season to 128 and then 138.

Suzuki isn’t considered a strong defender, with the advanced metrics mixed on exactly where to rank him. He has -5 Outs Above Average to this point but Defensive Runs Saved has him at league average overall, and with apparent improvements. He had -4 DRS in his rookie season and then +2 in each of the subsequent campaigns to get back to par overall.

Regardless, the bat should make him appealing and his contract isn’t onerous. He is going to make $18MM in each of the next two years, his age-30 and -31 campaigns, for a total guarantee of $36MM. Comparable free agents are likely to earn far more than that on the open market. MLBTR predicted that Anthony Santander could secure a contract of $80MM over four years, with guys like Teoscar Hernández, Jurickson Profar and Tyler O’Neill projected for the $40-60MM range.

As mentioned, Suzuki has a full no-trade clause. That naturally complicates the possibility of a trade, as the Cubs would be limited in their discussions to whatever clubs Suzuki would be willing to join and it’s unknown what his preferences are or might be. The Cubs will presumably have discussions with Suzuki and various suitors to see what possibilities exist for them. If a deal can come together, it would open up some playing time for their prospects while freeing up some cash for other pursuits.

It doesn’t appear the budget is especially tight right now. RosterResource has the Cubs projected for a $185MM payroll, well below last year’s Opening Day mark of $214MM, per Cot’s Baseball Contracts. Perhaps the Cubs are planning to keep spending a bit tight this offseason, as many predicted them to pursue a notable rotation upgrade such as Corbin Burnes or Max Fried. But they recently agreed to a two-year, $29MM deal with Matthew Boyd, a notable expense but far less than what Burnes or Fried are expected to earn.

The club is known to be looking for help behind the plate and Kelly and Jansen are two of the better names available in free agency. Kelly has generally paired some solid defense with passable offense in his career. Though his bat has gone up and down a bit, he has a .224/.307/.373 batting line in his career for a wRC+ of 85. Jansen, on the other hand, had a long stretch as a great hitter but is coming into free agency on a down note. He hit .237/.317/.487 for a wRC+ of 121 from 2021 to 2023 and got out to a roaring start in 2024 as well but then slashed .158/.274/.243 for a wRC+ of 53 after the month of May.

MLBTR predicted a two-year, $20MM guarantee for Jansen as part of our Top 50 free agents list, with Kelly in the honorable mention section. Either should easily fit into Chicago’s budget with or without an outfield trade.

Chafin and Yates both align with the Cubs and their aversion to notable deals for relievers, as shown in MLBTR’s Contract Tracker. Since Jed Hoyer took over as president of baseball operations, the club has never given a multi-year deal to a free agent reliever. Last year’s $9MM one-year deal for Héctor Neris was the first time Hoyer went beyond $5MM for a bullpen signing.

Yates just wrapped up a tremendous season, tossing 61 2/3 innings with a 1.17 earned run average and 35.9% strikeout rate. But since he’s turning 38 years old in March and has a notable injury history, he will likely be limited to a one-year deal. MLBTR’s $14MM projection would be new territory for Hoyer, though only slightly. Chafin has been a solid bullpen lefty for over a decade, with a 3.42 ERA in 601 appearances. His last two trips to free agency have resulted in one-year deals of $6.3MM and then $4.8MM.

Yankees, Astros, Mariners Have Spoken To Cubs About Cody Bellinger

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Cody Bellinger has stood as one of the most recognizable but difficult-to-move names on the offseason trade market. Among the teams to reach out recently are the Yankees, Astros and Mariners, reports Bruce Levine of 670 The Score. However, Levine adds that the Cubs aren’t looking to merely shed Bellinger’s salary, nor do they want to cover much (if any) money in a deal. That’s likely to be an issue. ESPN’s Buster Olney wrote this morning that other teams feel the Cubs will need to pay down a notable portion of Bellinger’s salary (or, presumably, take back another contract) if they intend to get much in the way of a return.

The Cubs have been looking to upgrade various spots on the roster but have a tough road to do so, in part due to no-trade clauses for Dansby Swanson, Ian Happ and Seiya Suzuki. Other positions, like first base (Michael Busch) and center field (Pete Crow-Armstrong) are already manned by promising young players. Third baseman Isaac Paredes was only just acquired at the deadline. Second baseman Nico Hoerner makes some sense as an option to free up some cash and a spot in the lineup for a more impactful bat, but he’s coming off flexor surgery.

That’s led the Cubs to at least gauge interest in Bellinger, who passed on the opportunity to opt out of the remaining two years and $52.5MM on his contract at the beginning of the offseason. Bellinger had a fine year overall, hitting .266/.325/.426 with 18 homers and a tiny 15.6% strikeout rate (his second straight season with that exact strikeout rate). But while those numbers were solid, they pale in comparison to his 2023 showing. He also posted lesser defensive grades both in the outfield and at first bae in 2024.

[Related: Looking for a Match in a Cody Bellinger Trade]

The Yankees have been laying some groundwork in the event that Juan Soto ultimately signs elsewhere, showing recent interest in top-tier free agents like Corbin Burnes, Max Fried and Willy Adames. That said, there’d pretty clearly be room for both Bellinger and Soto on the same roster. Bellinger could slot in at first base in the Bronx, offering another left-handed bat with good contact skills — a contrast to some of the strikeout-prone righties elsewhere in the lineup. He’d also be good insurance in the outfield, given the injury histories of both Aaron Judge and top prospect Jasson Dominguez. Bellinger could also serve as a safety net in the event that Dominguez looks overmatched early on.

In Houston, the Astros have a clear need at first base after their three-year, $58.5MM deal with Jose Abreu went sideways almost immediately. After a poor first year in 2023, Abreu started the 2024 season so poorly that he consented to being optioned to the minors. That Triple-A stint didn’t help, and Abreu was released less than halfway through that three-year deal. The ’Stros subsequently gave most of the playing time at first base to Jon Singleton, who provided light offense and subpar defense the rest of the way.

For the Mariners, first base has emerged as a clear need. They have at least one intriguing in-house option in prospect Tyler Locklear, but the M’s have been linked heavily to veterans Carlos Santana and Justin Turner as they search for a veteran bat at first base (and likely another at the hot corner). Bellinger’s contact skills would help Seattle cut down on the team’s longstanding strikeout issues as well.

The bigger issue with regard to Bellinger isn’t so much his overall ability, but rather the magnitude of his contract. He’s owed $52.5MM over the next two season — a guarantee that’s paid out in heavily frontloaded fashion. He’s taking home a $27.5MM salary in 2025 and is owed a $5MM buyout on a $25MM player option for the 2026 season if he opts out of the contract’s final season next winter. For an acquiring team, Bellinger would add $26.25MM to the luxury tax ledger and would cost at least $32.5MM in terms of actual, present-day salary.

For the 2023 version of Bellinger — .307/.356/.525 (136 wRC+), 26 home runs — teams would happily pay that price. Of course, if Bellinger had produced at that same level in 2024, he’d surely have taken the first opt-out opportunity in his contract at the beginning of this offseason. That he chose to forgo his opt-out clause is indicative of the fact that he and agent Scott Boras don’t believe there’s a sizable nine-figure contract waiting for him.

With regard to the Yankees, that luxury number could be problematic. Whether they sign Soto or pursue multiple free agents from the Fried/Burnes/Adames bucket after missing out on him, they’ll surely be a luxury tax payor in at least the third tier of penalty — if not the fourth. Since they’re looking at paying the tax in three straight seasons, that means they’ll either be staring down a 95% tax or 110% tax rate. Bellinger would cost them somewhere between $52-56MM in combined salary and taxes — plus that potential $5MM buyout on the 2026 option. Even for a deep-pocketed club like the Yankees, that’s a staggering price to pay, particularly coming off a good-not-great season for Bellinger.

The Astros, too, have some luxury concerns. RosterResource estimates that they’re just about $7MM shy of the first-tier threshold. They’ve looked into trading Ryan Pressly, but even if Houston were able to unload his full $14MM salary, Bellinger would still thrust them back into luxury territory. The 2024 season was the first in which owner Jim Crane authorized paying the tax. Adding Bellinger would very likely require doing so a second time. Speculatively speaking, a swap of Pressly and Bellinger could make sense for both parties involved, though Pressly can veto any potential deal as a player with 10-and-5 rights.

Luxury considerations don’t apply to the Mariners, but the actual bottom-line cash owed to Bellinger will be an obstacle. Seattle is looking to add two infielders — one at each corner — and ownership doesn’t seem to have an appetite for raising payroll too far beyond last year’s roughly $145MM level. The Mariners already project for a number in a similar range. If they could find a taker for one Mitch Haniger or Mitch Garver, perhaps Bellinger would become more realistic. For now, it seems likely that ever-active president of baseball operations Jerry Dipoto is simply doing due diligence, perhaps hoping the Cubs will pay down some of the contract (if not take someone like Garver back as part of the return).

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