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Cody Bellinger

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).

Looking For A Match In A Cody Bellinger Trade

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A year and a half ago, MLBTR’s Anthony Franco examined potential trade partners for the Cubs as they reportedly shopped center fielder Cody Bellinger ahead of the 2023 trade deadline. Chicago, of course, played their way back into contention and opted to hold onto Bellinger through the remainder of the year before signing him to a three-year, $80MM deal last winter that afforded Bellinger the opportunity to opt out after either the 2024 or ’25 seasons. With rookies Pete Crow-Armstrong and Michael Busch having emerged as the club’s everyday options at center field and first base, however, Bellinger’s fit in Chicago has become much murkier headed into 2025.

That’s led them to once again explore a trade involving the outfielder, but the market for Bellinger’s services figures to be much softer this time around. Bellinger slashed an incredible .317/.367/.545 (144 wRC+) in 324 plate appearances prior to last year’s trade deadline while playing center field on a regular basis for the Cubs, making him the most attractive rental hitter on the market at that time. Flash forward to today, and Bellinger is coming off a much less robust offensive performance: while his strikeout (15.6%) and walk (7.9%) rates remained excellent in 2024, his power dipped substantially and he didn’t enjoy the same luck on balls in play he did the year prior, leaving him with a .266/.325/.426 slash line that was still above average (109 wRC+) but a far cry from the production that earned him down-ballot MVP consideration in his first year as a Cub.

That production, solid as it may be, is not in line with the $27.5MM salary Bellinger is poised to earn in 2025. What’s more, any acquiring club would be on the hook for a $25MM player option for 2026 (or a $5MM buyout should Bellinger test free agency) that only serves to increase the potential financial burden associated with trading for Bellinger. With that being said, the 29-year-old remains an above average hitter who is capable of playing solid defense at all three outfield spots and first base, making him a solid option for teams looking to raise the floor in their lineup. For teams looking for a solution in center, specifically, Bellinger may well prove to be the best option available in a market that is otherwise led by the light-hitting, glove-first Harrison Bader. Even among first baseman, Bellinger looks to be one of the better options available when compared to a free agent class that features aging veterans like Paul Goldschmidt, Carlos Santana, and Justin Turner among its best options.

Bellinger’s combination of a quality lefty bat that needn’t be part of a platoon and the ability to play both center field and first base make him a compelling trade target for a surprising number of teams. Of course, his hefty salary will immediately eliminate many clubs from consideration. The Twins, Guardians, Royals, Rays, Padres, and Rockies all seem like long shots to stomach an AAV north of $26MM this year. The White Sox and Marlins are in the midst of lengthy rebuilds and seem unlikely to spend that sort of money on a short-term player like Bellinger, as well. It would be a surprise to see the Cubs deal Bellinger to a division rival while attempting to contend for the postseason, which eliminates the Reds, Brewers, Pirates, and Cardinals from consideration.

Additionally, the Rangers are already loaded with talent both in the outfield and at first base, and the Mariners have signaled they don’t intend to add to their outfield this winter. Meanwhile, the Red Sox, Orioles, and Tigers could pursue help in at least one of Bellinger’s positions but appear more likely to pursue right-handed hitters who can better balance their heavily left-handed lineups. The Dodgers and Mets are decent enough surface level fits, but appear more likely to pursue a more offensively impactful corner bat given their internal options in center field. That still leaves ten teams as plausible fits for a Bellinger trade, though. Let’s take a look at each of them…

Best Fits:

  • Astros: The Astros currently have bigger fish to fry as they attempt to retain franchise third baseman Alex Bregman. With Houston self-admittedly requiring some “creativity” to add salary, it seems likely that a Bregman reunion could leave the club without the funds necessary to deal for Bellinger. With that said, though, Bellinger’s ability to play all three outfield spots and first base should make him an attractive option for Houston that would allow them to play match-ups with Jon Singleton, Jake Meyers, and Chas McCormick by slotting Bellinger in at the position of whichever player is on the bench that day. What’s more, the Cubs’ need for bullpen help this winter and their hesitance to commit to long-term deals for relievers could make veteran reliever Ryan Pressly an attractive target for them in terms of a return while also clearing $14MM off the Astros’ books to facilitate other additions.
  • Blue Jays: The Blue Jays are in the thick of the Juan Soto sweepstakes, and like the other Soto suitors on this list would likely only have interest in Bellinger should they fail to land the offseason’s top free agent. In the event Soto signs elsewhere, however, Toronto may be among the best fits for Bellinger out there. The club has previously expressed interest in Bellinger during both of his recent forays into free agency, and if the Jays fail to land Soto he could make plenty of sense for the club as an upgrade to their current options in left field who wouldn’t require the sort of long-term contract that could complicate the club’s pursuit of a long-term deal with Vladimir Guerrero Jr. Toronto outfielders posted a lackluster wRC+ of just 87 last year, meaning even Bellinger’s diminished 109 figure from this past season would be a substantial upgrade to say nothing of the impact he could have should his power production bounce back in 2025.
  • Phillies: The Phillies haven’t been shy about their hopes of restructuring their offense this winter, and rumors have already begun to swirl regarding the availability of key members of their offense ranging from Alec Bohm to Nick Castellanos. One clear area where the Phils could stand to upgrade is in the outfield, where the club currently figures to utilize Castellanos, Johan Rojas, and Brandon Marsh on a regular basis. Philadelphia’s 92 wRC+ in the outfield last year was lackluster, however, and each of those aforementioned options posted a wRC+ lower than that of Bellinger last year. By adding Bellinger to the lineup as an everyday player who splits time between left and center field, the Phillies would be able to effectively platoon Marsh and Rojas while still playing both at their respective best positions, while a free agent corner bat such as Jurickson Profar or Tyler O’Neill would require Marsh to play center field on a regular basis.
  • Yankees: The Yankees figure to focus their efforts this winter on reuniting with Soto, but if the club misses out him they’ll have holes to fill both in the outfield and at first base. Signing Bellinger could allow the Yankees to move Aaron Judge back to right field on a regular basis, where he profiles best defensively and where he’ll likely suffer less wear-and-tear throughout the season. While Soto’s departure is surely the most likely avenue to Bellinger in a Yankees uniform, their hole at first base and the possibility that Jasson Dominguez isn’t ready for an everyday job in the majors make the club at least a plausible fit for his services even if they bring Soto back, with Bellinger playing the outfield until Dominguez is ready to take over before shifting to first base. Such a scenario figures to be a long shot, however, given Dominguez’s stature within the organization as a long-time top prospect.

Next Tier Down:

  • Angels: The Angels have been among the more aggressive teams so far this winter as they look to contend following a 99-loss season in 2024. They’ve already added Jorge Soler to the lineup as a regular DH and Travis d’Arnaud as depth behind Logan O’Hoppe at catcher, but the club reportedly remains interested in adding another bat to their lineup. Bellinger is as good a fit for the club’s roster as any outfielder. The team is light on lefty bats, with only Nolan Schanuel at first base and the switch-hitting Luis Rengifo at second projected to be in the club’s starting lineup next year. Bellinger would be a substantial upgrade over the Jo Adell/Mickey Moniak platoon the Halos currently project to use in right field, and could slide seamlessly over to center field to either give Mike Trout a break from the demanding position or cover for him in the event he suffers another injury-plagued season in 2025.
  • Athletics: While the presence of the A’s on this list might strike some as surprising given how they’ve operated in recent years, there’s at least some merit in considering Bellinger’s fit in West Sacramento. All indications have pointed towards the A’s being open to a substantial increase to their payroll this winter and an earnest effort to improve their on-the-field product in the years leading up to their impending move to Las Vegas, but their current stadium situation could make courting free agents difficult due to the club playing in a minor league ballpark for the time being. That’s led GM David Forst to suggest the club is focused on the trade market rather than free agency as they look to upgrade the roster, and Bellinger could be quite a strong fit among trade candidates. He’s unlikely to be especially expensive in terms of trade capital, meaning that swinging a deal for him wouldn’t do much damage to the club’s long-term competitiveness, and the former MVP could offer a level of star power the club currently lacks. Meanwhile, he’d be a major upgrade on the field for a club that’s relying on Seth Brown and his 91 wRC+ last year in left field headed into 2025.
  • Diamondbacks: The Diamondbacks figure to have plenty of room to add a player like Bellinger to their positional mix after losing Christian Walker and Joc Pederson to free agency this winter. While the club’s lineup leans left-handed, the loss of Pederson could make them more open to the addition of another lefty bat than other heavily-lefty clubs like the Red Sox and Orioles. The addition of Bellinger could also make it easier for the club to stomach the loss of one of their many young outfielders via trade, particularly as he shares an ability to play center with trade candidates Jake McCarthy and Alek Thomas. While Bellinger’s salary could be a problem for the Diamondbacks in theory, it’s much easier to imagine them stomaching his contract if they’re able to move the salary of southpaw Jordan Montgomery this winter, as the club is seemingly quite motivated to do after negative comments from club owner Ken Kendrick about the lefty’s disastrous 2024 season.

Longer Shots:

  • Braves: It would be something of a surprise to see the Braves swing a trade for Bellinger despite the hole in their lineup in left field. The club has been aggressive in making moves to clear payroll room as they stare down the possibility of losing Max Fried from their rotation, and while it’s easy to imagine them dedicating those resources to a splash at shortstop for a player like Willy Adames, using that financial capital to acquire Bellinger would be a surprise given the availability of more affordable depth options in the outfield such as Austin Hays and Mike Tauchman who could join Jarred Kelenic in the mix for starts in left field without breaking the bank. With that being said, the Braves have shown a willingness to add significant salary on short-term arrangements with players like Marcell Ozuna and Josh Donaldson in the past, and it’s difficult to count out a GM as unpredictable as Alex Anthopoulos for most trade scenarios.
  • Giants: The Giants have long been in search of star power for their lineup, and while Bellinger does not carry the same level of impact as he did during his MVP days with their arch-rival Dodgers, he would still add an everyday player with significant name recognition to a relatively non-descript San Francisco lineup. Aside from that surface level fit, however, the Giants lost Michael Conforto to free agency earlier this winter and fellow outfielder Mike Yastrzemski is viewed as a trade candidate. Adding Bellinger, then, could offer the club an alternative to Conforto and Yaz in the outfield to pair with Jung Hoo Lee and the club’s crop of young outfielders. With that being said, a fit with the Giants appears unlikely given the fact that the club is currently expected to scale back its payroll this year, a goal with which adding Bellinger’s hefty salary would be misaligned.
  • Nationals: Given the Nationals’ many quality young outfielders, they aren’t necessarily the most straightforward landing spot for Bellinger. With that being said, however, the club has a massive hole at first base that Bellinger could slide into quite easily, providing a boost to a lineup that appears to be on the cusp of contention. Bellinger would also be able to take some pressure off of the club’s crop of young outfielders, offering an alternative to Jacob Young in center against tough right-handers and providing a back-up option in the corners should either James Wood or Dylan Crews struggle at some point in their first wire-to-wire big league campaigns.

Cubs Rumors: Rotation Market, Bellinger, Bullpen, Catcher

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The Cubs’ focus this offseason has reportedly been on pitching, and while Sahadev Sharma of The Athletic reports that’s very much still the case, he also throws some cold water on the idea of Chicago making a major strike in free agency. Sharma’s colleague, Patrick Mooney, reported less than three weeks ago that the Cubs planned to “aggressively” pursue starters who could help near the top end of the rotation, but Sharma now writes that the “top tier of the starting pitching market has been ruled out.” That would seemingly remove the Cubs from the running for Corbin Burnes, Blake Snell and Max Fried, at the very least.

It’s the latest signal of a measured offseason approach, even at a time when the Cubs’ division appears ripe for the taking. The Cardinals are scaling back payroll and focusing more on player development in 2025 than on putting a playoff-caliber roster on the field. The Brewers, one year after trading Burnes, now seem likely to lose Willy Adames in free agency — and they could also trade closer Devin Williams. The Pirates and Reds have yet to break out as perennial contenders in the Central. Logically speaking, the deep-pocketed Cubs could take an aggressive stance and position themselves well in a wide-open division field.

For now, it seems they’ll shop primarily in the second and third tiers of the rotation market. Sharma points out that the Cubs have typically shied away from starters who’ve been attached to qualifying offers, though it’s worth noting that the Cubs were willing to part with draft picks and international funds in order to sign Dansby Swanson after he rejected a qualifying offer. They technically signed Cody Bellinger after he rejected a QO … though that offer came from the Cubs themselves, so they were really only “forfeiting” the theoretical comp pick they’d have received if he signed elsewhere.

Assuming the Burnes/Snell/Fried trio isn’t being considered by president of baseball ops Jed Hoyer and his staff, the Cubs will be looking at the next tier, with Jack Flaherty, Sean Manaea, Yusei Kikuchi, Nathan Eovaldi, Nick Pivetta and Luis Severino among the options. Of that group, Manaea, Pivetta and Severino rejected QOs and would cost the Cubs their second-highest pick and $500K of international space in their 2025 draft pool.

There are certainly names in that bunch who’d represent upgrades over incumbent starters at Wrigley Field. Justin Steele and Shota Imanaga form a nice one-two punch atop the in-house rotation, and the Cubs will follow them with veteran Jameson Taillon and young Javier Assad. Candidates for the fifth spot include Ben Brown, Jordan Wicks, Hayden Wesneski and top prospect Cade Horton. It’s a nice bunch of arms, but there’s some uncertainty in at least the fifth spot, if not the fourth. Assad posted a solid 3.79 ERA in 29 starts but did so with worse-than-average strikeout, walk and home-run rates. Metrics like FIP (4.64) and SIERA (4.72) are far less bullish than his earned run average.

Looking at the team’s payroll, the Cubs should have some spending room. RosterResource projects a $180MM payroll at the moment — $34MM shy of last year’s Opening Day mark. That includes a full arbitration class that could include some non-tender candidates (e.g. Nick Madrigal, Julian Merryweather).

The Cubs could also explore other ways to drop their payroll further. Ken Rosenthal of The Athletic wrote yesterday that the team could be looking to move Bellinger, though there are plenty of roadblocks to doing so. Bellinger is owed a $27.5MM salary in 2025 and a $5MM buyout on a 2026 player option. If he plays well for a season, the acquiring team would effectively be getting Bellinger at $32.5MM. That’s a hefty price tag in general and particularly for the 2024 version of Bellinger. While he played at an extremely high level in 2023, Bellinger was more of an above-average regular in 2024. A lack of impact left-handed bats and viable center fielders could still lead a team to consider the possibility, it’s hard to imagine a team giving a meaningful return and taking on the remainder/majority of Bellinger’s salary.

Still, moving Bellinger is also one of the only ways for the Cubs to plausibly pursue upgrades to the everyday lineup in 2025. As we noted when listing Bellinger near the back of our list of offseason trade candidates, the Cubs’ roster is already filled with expensive veterans who have no-trade clauses (Ian Happ, Dansby Swanson, Seiya Suzuki) or generally productive and affordable younger players like Michael Busch, Isaac Paredes and Pete Crow-Armstrong. Nico Hoerner might’ve been a trade candidate and could still be — but he also underwent flexor tendon surgery one month ago. Obviously, that cuts down on his appeal. The Cubs have a clear opening for an upgrade at catcher, but the free agent market offers little in the way of meaningful help there.

All of those challenges to upgrading the lineup make a notable splash on the pitching side of things feel more logical, but it seems the Cubs don’t feel similarly — at least not with regard to free agent starters. There are upgrades to be had on the bullpen market, of course, but the Cubs haven’t given out a multi-year deal to a reliever since Craig Kimbrel in 2019. Last winter’s $9MM guarantee to Hector Neris was the largest bullpen expenditure the Cubs have made since signing Kimbrel.

It’s possible the Cubs could just look to the trade market for much of their offseason dealing. The Cubs have a deep farm system with multiple top prospects whose path to a regular role at Wrigley is blocked. There aren’t, however, many impact arms or high-profile arms expected to be available. Crosstown ace Garrett Crochet headlines the offseason class of trade candidates, but demand for him will be fierce and trades of significance between the two Chicago clubs, while not unprecedented (Jose Quintana, Craig Kimbrel), also aren’t common.

There probably are still additional trades on the horizon for the Cubs. Sharma writes that this week’s acquisitions of reliever Eli Morgan from the Guardians and backup catcher Matt Thaiss from the Angels do not mean the Cubs are content in those areas. They’ll continue to explore both free agency and trades for help in those portions of the roster. But if pitching help remains their focus and they’re unwilling to shop in the high-rent district for starters, the Cubs will need to either break tradition with their free agent bullpen targets, get creative on the trade market, be content to address the middle ranks of the starting staff — or a combination of all the above.

Cody Bellinger Exercises Player Option With Cubs For 2025 Season

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Cody Bellinger has exercised his $27.5MM player option for the 2025 season, according to ESPN’s Kiley McDaniel and Jeff Passan (X link).  Bellinger’s three-year, $80MM deal with the Cubs last winter included opt-outs after both the 2024 and 2025 seasons, but Bellinger will pass on the first opt-out (and $2.5MM buyout) in order to remain in Chicago for at least one more year.

Bellinger also earned $27.5MM in the first year of his contract, so he’ll have a $25MM decision waiting for him with next year’s opt-out.  With $5MM attached to that opt-out, Bellinger has now guaranteed himself $60MM of that initial $80MM payday, and could potentially be in line for another long-term contract if he delivers a big 2025 season.

Of course, Bellinger thought that his big 2023 season might’ve set him up for a lucrative long-term contract last winter, yet he ended up rejoining the Cubs for that three-year pact.  Similar option-heavy shorter-term deals were also in the cards for other notable Scott Boras clients like Blake Snell, Matt Chapman, and Jordan Montgomery, leading the quartet to be known as the “Boras Four” as their trips through free agency dragged deep into Spring Training.

Bellinger signed near the end of February so he still had the benefit of most of spring camp, though injuries were probably the bigger reason why the former NL MVP’s performance dropped off from 2023.  A fractured right rib and a fractured left middle finger resulted in a couple of relatively brief trips to the injured list, though Bellinger hit a modest .266/.325/.426 with 18 home runs over 569 plate appearances.

While his 109 wRC+ was still above the league average, it also wasn’t the kind of standout platform year that would’ve made Bellinger a lock to top the remaining salary on his Cubs contract.  As a result, Bellinger was still reportedly unclear about his opt-out decision as late as September 20, and he has now chosen perhaps the slightly more cautious move of just sticking in Wrigleyville for another season.

There’s plenty of logic in Bellinger’s decision, beyond the obvious appeal of a $27.5MM payday.  After being a free agent in each of the last two offseasons, a quiet winter with his 2025 destination already established surely had some appeal for Bellinger.  He has also been vocal about how much he has enjoyed playing for the Cubs, so he’ll now stay in a familiar and welcome environment of the Friendly Confines.

From the Cubs’ perspective, they now have a pretty big salary on their books for 2025.  Of course, a one-year outlay for a player with Bellinger’s upside isn’t exactly a bad outcome, and obviously it was an outcome the front office has planned for given the three-year contract.  With Pete Crow-Armstrong now establishing himself in center field, Bellinger will probably be the Cubs’ primary right fielder next season, with Seiya Suzuki perhaps getting the bulk of DH duty.  Bellinger’s ability to also play center field and first base adds to his versatility, and gives manager Craig Counsell some flexibility in figuring out his daily lineups.

As per RosterResource, the Cubs’ projected payroll for next year up to roughly $183.5MM, factoring in Bellinger staying and Drew Smyly leaving after Chicago declined their end of the veteran pitcher’s mutual option.  This leaves the Cubs with plenty of spending space before they get up to the $241MM luxury tax threshold, provided the threshold is any sort of real barrier for ownership.  The Cubs didn’t pay the tax in any of the 2021-23 seasons but may have just barely crossed the threshold this season, depending on the league’s final calculations.

Cody Bellinger Remains Undecided On Opt-Out

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Cody Bellinger has one of the more significant opt-out decisions of the offseason. The Cubs center fielder/first baseman needs to decide whether to bypass the remaining two years and $50MM on the three-year, $80MM contract he signed late last winter. If he foregoes this year’s opt-out, he’d have another out clause during the 2025-26 offseason (when there’ll be $20MM left on the deal).

Last weekend, Bob Nightengale of USA Today wrote that Bellinger was “fully expected” to bypass this winter’s opt-out. That doesn’t seem to be set in stone, however. Patrick Mooney of the Athletic reported this evening that Bellinger has yet to decide whether he’ll test the market.

Bellinger is wrapping up a solid if slightly disappointing year. He’s hitting .268/.328/.432 with 18 home runs over 545 plate appearances. He has essentially maintained the career-best pure contact ability that he showed in 2023. Bellinger has fanned in 15.8% of his trips this year, marginally higher than the 15.6% strikeout rate he managed during his first season on the North Side.

The downturn has been in his power output. Bellinger had eight more home runs and 13 additional extra-base hits a year ago. He has another week to add to this season’s totals but isn’t going to make up that much ground. His slugging percentage is down more than .090 points from last year’s excellent .525 mark. The sustainability of last year’s power production was always the biggest question. Bellinger got to his impressive 2023 output despite a below-average 31.4% hard contact rate and 87.9 MPH average exit velocity. This year’s batted ball metrics are similarly middling and the results have indeed regressed.

There’s nevertheless still a lot to like in the profile. Bellinger has proven to be an above-average contact hitter. He’s another season removed from the dismal 2021-22 run that led the Dodgers to non-tender him before his final arbitration year. It’s safe to say that his 47-homer MVP form isn’t coming back, but Bellinger is a productive hitter. He’s still capable of playing center field, although the Cubs have used him increasingly in right field and at first base.

Bellinger has graded as an average defender in a little more than 400 center field innings. He has posted similar marks in more than 350 innings in right. The Cubs’ best outfield has defensive wunderkind Pete Crow-Armstrong in center. Another team could give Bellinger more consistent reps up the middle for at least a season or two.

The two-time All-Star remains one of the younger possible free agents in the class. Bellinger turned 29 in July. He’s more than a year younger than Harrison Bader, who’d probably be the top center fielder if Bellinger stays in Chicago. He’s nearly a year younger than Anthony Santander and about the same age as Tyler O’Neill. While there’s a decent amount of corner outfield talent — headlined, of course, by Juan Soto — the center field class is not strong. Bellinger declined a qualifying offer last winter and is no longer eligible to receive one, so there’d be no draft pick forfeiture this time around.

That’d work in Bellinger’s favor if he opted out. Between his age and decent all-around production, he’d have a decent argument for a four- or even five-year deal. If he simply wanted to maximize the guarantee, he shouldn’t have an issue beating the $50MM remaining on his current contract. That’d require taking a paycut next season though. Bellinger wouldn’t match next year’s $27.5MM salary on an annual basis over four or five years.

If Bellinger and his camp at the Boras Corporation expect his power to rebound, bypassing the opt-out would be the likely decision. He’d have another chance to retest the market in advance of his age-30 campaign in 12 months. Staying in Chicago may require playing right field for a full season in deference to Crow-Armstrong, though, potentially raising questions among other teams about his long-term viability in center field.

From the Cubs’ perspective, an opt-out would probably be the better outcome. That’d enable them to play Seiya Suzuki more frequently in right field instead of limiting him to designated hitter — where he’d need to play with Bellinger and Ian Happ flanking Crow-Armstrong. Michael Busch’s strong year lessens the need to have Bellinger around as a fallback at first base. The Cubs have questions at catcher, in the bullpen and at the back of the rotation.

How does the MLBTR readership expect things to play out?

Will Cody Bellinger Opt Out This Offseason?
No. 60.70% (1,934 votes)
Yes. 39.30% (1,252 votes)
Total Votes: 3,186

 

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